Tag: steel

JFE Steel Corporation (“JFE Steel”) and Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that they have started to provide a solution (the “Solution”), which combines JFE Steel’s consulting programs and Hitachi’s automatic cold-rolling flatness control system, to steel companies in both Japan and overseas. The Solution features the combination of Hitachi’s system, which uses an artificial intelligence (AI) to automatically control the steel sheet flattening process by a rolling mill, and JFE Steel’s consulting programs (regarding the introduction of systems and optimal operations), a service that leverages its high-level operational expertise in ways that meets customer needs.Traditionally, wavy steel sheets are ... Read more

Nippon Steel Corporation, Mitsubishi Corporation and ExxonMobil Asia Pacific Pte. Ltd. have signed a Memorandum of Understanding to jointly study carbon capture and storage (CCS) and the establishment of potential CCS value chains in the Asia Pacific regions on January 25, 2023. Based on the Memorandum, the three companies will conduct research on the capture of CO2 emissions from Nippon Steel’s domestic steelworks and evaluate the necessary infrastructure development required, with a view to establishing CCS value chains in the Asia-Pacific region. It would also include a detailed evaluation of Asia Pacific storage opportunities, including in Malaysia, Indonesia and Australia. ... Read more

Steel Authority of India Limited (SAIL) held its 50th Annual General Meeting, today at Company’s headquarter in  New Delhi. Smt. Soma Mondal, Chairman, SAIL addressed the shareholders in the meeting, held through a virtual platform.  In her address Smt. Mondal highlighted the achievements of the Company during fiscal 2021-22  underlined  the future action plan of the Company. SAIL has posted the best ever production performance by producing 18.733 million tonne (MT) of hot metal and 17.366 MT of crude Steel during FY’22.  For the first time the Company entered  into the elite club of Indian ... Read more

Promoting Circular Economy is one of priority areas of the Government. The steel industry is an integral part of the circular economy. Steel is ideally suited to be remanufactured, reused and ultimately recycled. In this background, a meeting of the Parliamentary Consultative Committee attached to Ministry of Steel under the Chairmanship of the Steel Minister was convened today at Tirupati to discuss the topic “Roadmap for Circular Economy in Steel Sector”. During the meeting, the concept of circular economy was explained which involves minimization of use of natural resources. This also involves adoption ... Read more

Union Minister of Steel Sh. Ram Chandra Prasad Singh today inaugurated the first six lane highway road made by using Steel Slag at Surat, Gujrat to connect the port with the city.  While inaugurating the road, the Minister impressed upon the need to promote circular economy and resource efficiency by converting all waste into wealth.            Recalling the words of the Prime Minister in his 15th August 2021 speech, Minister Sh Singh made special reference on the need to promote circular economy as the world is witnessing depletion of all types of ... Read more