8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

ABB India and Tata Steel aim to reduce carbon footprint in steel production

This partnership between ABB and Tata Steel aims to take important steps in reducing the environmental impact of steel production

ABB India and Tata Steel aim to reduce carbon footprint in steel production

ABB India Ltd's shares rose 0.94 percent after the company said it will collaborate with Tata Steel to reduce the carbon footprint of steel production. The two companies will jointly provide solutions aimed at improving energy efficiency, decarbonization and circularity at Tata Steel's manufacturing plants and production facilities.

According to sources such as the International Energy Agency (IEA), the steel industry contributes a significant 7 to 9 percent to global fossil fuel CO₂ emissions.

This collaboration between Tata Steel and ABB aims to make meaningful strides in minimizing the environmental impact of steel production while advancing the industry's sustainability goals. They will explore topics such as the use of hydrogen as an alternative fuel, integrated electrification and digital systems for energy optimization.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Swiss Steel Group board changes

Thursday, October 31, 2024

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Analysis of last week's market situation

Monday, October 28, 2024

Salzgitter AG appoints Denecke-Arnold as new president of Salzgitter Flachstahl

Tuesday, October 22, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now