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
Industry experts have urged steel manufacturers to move toward producing 100% refined steel as a key step in reducing carbon emissions and achieving sustainable industrial growth.
At a policy roundtable organized by the Bangladesh Steel Manufacturers Association (BSMA), speakers highlighted that adopting refined steelmaking technologies, such as electric arc furnaces (EAFs) and scrap-based production, could significantly cut the industry’s carbon footprint.
Experts noted that most of Bangladesh’s steel output still relies on energy-intensive blast furnace methods, which emit large quantities of CO₂. Transitioning to cleaner processes would not only support the country’s climate goals but also improve production efficiency and global competitiveness.
They called on the government to incentivize green steel investments, ensure reliable power supply, and support technology imports to accelerate the transition.
Participants emphasized that shifting to refined and recycled steel would align with international sustainability standards, helping Bangladesh’s steel industry attract foreign investment and expand exports to low-carbon markets.
The discussion concluded that collaboration between government, industry, and academia is essential to drive a greener, more resilient steel sector in the years ahead.
Also Read : India's FDI stayed stable at $70.9 bn in FY24, with inflows over double in construction sector Turkish Steelmakers Seek Tariffs on Chinese and South Korean Imports
For the first time in the past two years, copper prices soared above $10,000 per tonne on Friday, dr...
Non-Ferrous 26-Apr-2024
The coal sector has emerged as the top performer among the eight core industries, showcasing an impr...
Energy 08-Feb-2024
State-run Hindustan Petroleum Corp. Ltd (HPCL) intends to establish an international trading desk, a...
Oil & Gas 22-Apr-2024
Steel Authority of India Ltd (SAIL) may invest ₹20,000-24,000 crore in setting up a four-million-ton...
Mid Corporate 06-Feb-2024
India is developing a new production-linked incentive (PLI) plan for electronics components with the...
Business 19-Feb-2024
The International Energy Agency (IEA) projects that India's oil production is likely to decrease, fr...
Large Corporate 16-Feb-2024