Official Iron Distributor in Jakarta
A Ponzis scheme called the Steel Industry Ltd.is being run by a group of investors who are willing to pay thousands of dollars to invest in the scheme.The investors are selling shares in Steel Ltd and a small portion of the company is going to be used to buy shares in a competing company.The new […]
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 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 […]
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 […]
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 […]
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, […]
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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 […]
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 […]
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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