Japan’s government will give companies $2.5 billion to help boost steel industry

Japan’s National Diet has agreed to give companies a massive $2 billion grant to help revive the country’s steel industry.The package, announced Tuesday, will be made up of loans to help businesses get back on their feet and expand production, according to the Diet’s website.The funds will be given to companies in industries ranging from […]

Steel Industry jobs to be cut by 40 per cent

Steel industry jobs will be slashed by 40 to 50 per cent as part of the Government’s plan to cut $200 million in jobs from the sector.Key points:Work will be moved from Victoria to the Queensland city of Wollongong and the state’s biggest steelmaker is set to lose nearly $1.1 billion in revenue over the […]

‘Fiscal cliff’ is an economic ‘no-brainer’ for President Obama

The fiscal cliff deal being negotiated by House Speaker John Boehner and Senate Minority Leader Mitch McConnell is an “economic no-brainer” and “not worth a dime,” President Obama said Monday.The deal is expected to be finalized Tuesday.Obama said the deal was not “just an election issue, but a political one as well,” as it would […]

Steel Industry Timeline: March 2016

Updated April 13, 2020 17:23:53The steel industry has been on the rise in the UK over the past decade, but the government’s new energy and climate strategy is set to have a major impact on the industry.The strategy will see an increase in the number of steel plants to meet increasing demand from the energy […]

How to get the best steel in India: India steel mills are not big enough to make the steel you need, says the Tata Steel Institute

A couple of weeks ago, Tata Steel India, India’s largest steel producer, posted a note to its investors saying it had invested $3.4 billion in the steel industry and was planning to invest more.The note also announced that it would soon hire 1,000 new employees, with a target of 1 million employees in three years.Now, […]

‘I think they are just nuts’: The science behind steel industry meltdown

Posted November 03, 2018 09:36:06 As we head into another round of uncertainty, there are many questions left unanswered about the future of steel manufacturing.Key points: There are questions around how much steel will be produced in Australia, and how fast, given the ongoing carbon emissions crisis In a report published last year, the Australian […]

China’s steel industry is suffering from massive production costs

The world’s largest steel maker has lost billions of dollars because of its costly manufacturing processes, raising the specter of a global glut.Giant Chinese steel mills are now producing a smaller volume of steel, forcing the Chinese government to cut production.The steel industry accounts for about 5% of China’s gross domestic product.Greece, which has also […]

Coal-fired power stations are the biggest polluters of the environment

The biggest polluter of the planet is coal-fired electricity generation, according to a new report released by the World Resources Institute.The report, titled Coal: The Biggest Polluter of Planet Earth, found that in 2010, coal plants emitted 3.9 billion tons of CO2 equivalent per year, or 6 percent of the world’s total CO2 emissions.By comparison, […]

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