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
Sweden’s Vattenfall has placed an order with SSAB for 120 tonnes of fossil-free steel to build what is billed as the world’s first fossil-free dam gate, planned for installation at the Stornorrfors hydropower station in 2028.
The project will create the largest near-zero-CO₂ steel component produced to date in the ironmaking stage. SSAB’s fossil-free steel—made using hydrogen and fossil-free electricity instead of coal—aims to cut embedded emissions sharply versus conventional steel. For Vattenfall, the procurement extends low-carbon materials from autos and machinery into large-scale infrastructure, aligning with Sweden’s climate goals and demonstrating how hard-to-abate sectors can decarbonise.
Engineering, qualification and fabrication will proceed ahead of installation, with partners focusing on performance, safety standards and lifecycle documentation to verify the gate’s emissions footprint. The initiative is expected to accelerate market adoption of industrialised fossil-free steel and set a template for future upgrades across dams and other heavy civil assets.
Also Read : Vedanta seeks Supreme Court against Goa cess JSW Steel Named Top Pick by Macquarie as India’s Steel Industry Gains Momentum
David Pine, New Zealand's High Commissioner to India, emphasised that both India and New Zealand are...
Asia 14-Feb-2024
Maruti Suzuki India expanded its Manesar facility's annual production capacity by one lakh units. Th...
Automobiles 09-Apr-2024
In the coming years, Shyam Metalics and Energy Ltd. intends to invest around ₹650 and ₹750 crore in...
Mid Corporate 10-Apr-2024
RINL and NDRC expand collaboration to boost innovation and tech commercialization. 1: One more step...
Construction 22-Jul-2025
The government has raised import taxes to 15% on gold and silver findings and coins made of precious...
Non-Ferrous 23-Jan-2024
Tokyo Steel keeps June product prices unchanged. Decision supports market stabilization after recen...
Business 19-May-2025