Connect with us

Concrete

India discussing measures to address rising steel imports, minister says

China was the leading exporter of steel to India during this period.

Published

on

Shares

India is currently engaged in discussions to address the issue of rising steel imports, according to Steel Minister HD Kumaraswamy. While the minister did not provide specific details, he emphasized that increasing imports pose a significant challenge for steel producers, even as the demand for the metal continues to rise. Kumaraswamy made these remarks during an industry event.

India, the second-largest producer of crude steel globally, remained a net importer of steel during the fiscal year ending in March 2024, and this trend continued from April to July. China was the leading exporter of steel to India during this period, followed by Japan and South Korea.

The rise in imports has exerted downward pressure on local steel prices, which have dropped to their lowest point in more than three years, according to data from commodities consultancy BigMint. Earlier in the month, Kumaraswamy had mentioned that his ministry would attempt to persuade the finance ministry to increase tariffs on steel imports, aiming to protect domestic manufacturers from the influx of cheaper imports, particularly from countries like China.

In August, India launched an anti-dumping investigation into certain steel products imported from Vietnam. This decision came in response to concerns raised by major Indian steelmakers, including JSW Steel and ArcelorMittal Nippon Steel.

Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

Published

on

By

Shares

thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

Continue Reading

Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

Published

on

By

Shares

Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

Continue Reading

Concrete

Titan Cement Group enters South Asia

Published

on

By

Shares

Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds