ArcelorMittal Nippon Steel India (AM/NS India) has unveiled its ambitious goal to reduce emissions intensity by 20% by 2030. This target, detailed in the company’s first Climate Action Report, represents a pivotal step in the decarbonisation journey of one of the world’s leading steelmakers. AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, is […]
ArcelorMittal Nippon Steel India (AMNS India) has selected ABB India to supply electrification and automation systems for its steel cold rolling mill (CRM) located in Hazira, Gujarat. The contract was awarded via John Cockerill India Limited (JCIL), the original equipment manufacturer for the project. AMNS India, a collaboration between global steel leaders ArcelorMittal and Nippon […]
Boston Metal, a US green steel technology startup, has raised $120 million in the first close of Series C fundraising to decarbonize steel production at scale. The steel producer anticipates to use the proceeds from the round to increase the production of green steel at the company’s pilot plant outside Boston and to select the […]
Steel and mining company ArcelorMittal has agreed to acquire Brazilian steelmaking company Companhia Siderurgica do Pecem (CSP) for around $2.2 billion. Companhia Siderurgica do Pecem produces slabs at its steel factory in Ceará state northeast Brazil. The steel facility has been producing since 2016. The Brazilian steelmaker operates a blast furnace with a capacity of […]
ArcelorMittal has agreed to acquire a stake of 80% in a hot briquetted iron plant (HBI plant) owned by Austrian steel industry company voestalpine in Corpus Christi, Texas. The remaining 20% stake in the hot briquetted iron facility will be retained by voestalpine. The Corpus Christi operations are valued at $1 billion and the closing […]
ArcelorMittal Nippon Steel (AMNS) has signed a five-year agreement with Total for securing the supply of up to 500,000 tons of liquefied natural gas (LNG) per year. The LNG will be procured from the global portfolio of the French oil and gas company and offloaded in Dahej or Hazira LNG Terminal on the Indian west […]
Infosys said that steel production company ArcelorMittal has selected the company to help expedite its digital transformation journey. The partnership between the firms will also see the Indian IT services company provide ArcelorMittal Europe with next-generation application management and business process management (BPM) services. Geert Van Poelvoorde – CEO of ArcelorMittal Europe said: “We are […]