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
· SSAB accelerates fossil-free steel production to lead sustainable transformation.
· Tajikistan boosts iron ore output; plans full steel supply chain development.
· Nippon Steel expands capacity; BHP pivots to copper amidst changing demand.
The global steel and mining sector is witnessing dynamic developments. Swedish steelmaker SSAB is accelerating its fossil-free steel production, expanding its HYBRIT technology with plans to become fully green by 2030. The move places SSAB at the forefront of sustainable steel innovation, aligning with Europe’s net-zero ambitions.
In Central Asia, Tajikistan has significantly increased its iron ore output, signaling a bold step towards industrial self-sufficiency. With a reported 30% rise in production, the country is now investing in downstream steel capacity to reduce reliance on imports.
Meanwhile, Nippon Steel, Japan’s largest steelmaker, announced expansion plans to meet global demand, particularly in the automotive and infrastructure sectors. This comes alongside their acquisition drive, including the recent US Steel deal aimed at deepening global reach.
In mining, BHP, the world’s leading resource company, is gradually shifting its focus from iron ore to copper and critical minerals, responding to rising demand from the energy transition and EV markets. The pivot reflects a broader trend in the global mining industry.
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