India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Siemens Mobility has announced a major step toward sustainable transportation manufacturing by expanding the use of low-carbon steel in the production of its rail vehicles, reinforcing its commitment to reducing emissions and achieving climate-neutral operations.
The company will source low-carbon steel from multiple European suppliers, including Sweden’s H2 Green Steel and Germany’s Salzgitter AG, both pioneers in green steel technology. The initiative aligns with Siemens’ broader strategy to decarbonize its supply chain and support the European Union’s Green Deal objectives.
By adopting low-carbon materials in train car bodies and structural components, Siemens Mobility aims to cut production-related CO₂ emissions by up to 70% compared to conventional steel use.
Company executives emphasized that sustainable steel procurement will play a pivotal role in reducing lifecycle emissions of future rail vehicles, contributing to a greener, more energy-efficient mobility ecosystem.
The move also positions Siemens Mobility as a leader in climate-conscious rail innovation, paving the way for wider adoption of green materials across global manufacturing networks.
Also Read : PM Modi announces ₹7,200 cr infra projects in Telangana NHAI envisions a ₹3,500 cr 68km bypass to relieve congestion in Ayodhya
China, a global leader in steel production, is facing significant challenges within its domestic ste...
Ferrous 02-Aug-2024
Tata Steel, one of India’s largest steel producers, witnessed a sharp surge in its market capi...
Business 06-Mar-2025
India's steel industry, which is already struggling with cheaper imports, is concerned about increas...
Ferrous 16-May-2024
India's real estate market will be worth $1.5 trillion by 2034, up threefold from $482 billion now a...
Business 12-Apr-2024
The Indian government is considering extending import restrictions on essential raw materials used i...
Raw Material 25-Feb-2025
NMDC's Q4 net profit declined 38% YoY to ₹1,412 crore.Revenue declined by 8.3%&n...
Business 28-May-2025