Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The EU has started a new project, ZHyRON, which involves the introduction of a new process for processing steel by-products based on the use of green hydrogen. The project is funded by the European Health and Digital Agency (HaDEA) as part of the Clean Steel Partnership program.
It brings together a consortium of nine partners from six European countries. Funded by the EU, ZHyRON intends to pave the way for increasing the value of iron and zinc-rich steel by-products.
The project will explore solutions related to technical integration, economic viability and environmental considerations. This will contribute to the development of innovative business models and strategies for the extraction of iron and zinc from steel waste using hydrogen as a reducing agent.
From a technical point of view, the initiative’s approach involves a combination of pyro- and hydrosteel stages. The recovered iron oxides will be converted into direct reduced iron suitable for use in electric arc furnaces, while the extracted zinc will be processed into zinc oxide concentrate for use in a variety of sectors, from batteries to agriculture, as well as for wastewater treatment and reuse.
Thyssenkrupp Materials Services, a global distributor of materials and services, and CarbonChain, a UK-based software solutions provider, have declared a partnership. The companies will promote steel procurement with the help of a new carbon tracking tool.
Also Read : Sliding coking coal prices put pressure on steel & iron ore China's 2024 iron ore imports seen to be around 1.17-1.18 BMT
Crude oil futures fell on Monday morning as China's recent import statistics showed a drop. On Monda...
Energy 11-Mar-2024
The Indian Chamber of Commerce (ICC) has urged that the government reduce customs tariffs in a varie...
Notification 17-Jul-2024
In China’s steel industry the total emissions in January-February 2024 surged by 13% compared...
Ferrous 22-Mar-2024
According to a media report on Saturday, cash-strapped Pakistan has sought financial assistance of $...
Asia 27-Jan-2024
As part of the proposed merger with Tata Steel, Tata Metaliks has officially designated February 6 a...
Large Corporate 25-Jan-2024
Hindustan Aeronautics (HAL), a public aerospace and defense corporation, announced on Monday that it...
Mid Corporate 12-Feb-2024