Tag

Steel Production

All articles tagged with #steel production

business1 year ago•2 min saved

Thyssenkrupp to Cut 11,000 Steel Jobs Amid German Industry Struggles

Thyssenkrupp plans to cut 40% of its steel workforce, affecting 5,000 jobs by 2030, due to oversupply in Europe and increased Chinese imports. The company will also close a processing site and reduce production capacity by up to 25%. This move highlights challenges in Germany's industrial sector, exacerbated by declining European car sales and rising Chinese steel exports. Thyssenkrupp's restructuring aims to enhance competitiveness and includes plans for greener steel production, amid ongoing negotiations with EP Corporate Group to increase its stake in the company.

via Financial Times|

#business #chinese-imports #german-industry

science-and-technology2 years ago•2 min saved

"Turning Aluminum Mining Waste into Green Steel Using Climate-Neutral Plasma Reduction"

A potentially sustainable process has been developed to treat the hazardous waste of aluminium production, known as 'red mud', and extract iron from it for making steel. This process not only addresses the environmental issues associated with aluminium production waste but also has the potential to contribute to carbon-neutral steel production, thereby increasing the sustainability of both major metal industries.

via Nature.com|

#aluminium-production #hazardous-waste #iron-extraction

archaeology2 years ago•3 min saved

"Unearthing Ancient Persian Steel: Archaeologists Astounded by Desert Discovery"

Archaeologists from University College London have made a stunning discovery in southern Iran, uncovering evidence of chromium steel production dating back to the 11th century. This challenges the widely accepted belief that chromium steel was a 20th century innovation in the West. The team also found medieval Persian manuscripts describing Chahak as a renowned steel production center. The discovery provides the earliest known evidence of deliberate chromium steel production and could aid in identifying crucible steel artifacts in museums or archaeological collections. The researchers believe this marks a distinct Persian crucible steel-making tradition separate from Central Asia.

via Express|

#ancient-manuscripts #archaeological-discovery #archaeology

energy2 years ago•1 min saved

Exxon and Nucor Corporation team up for carbon capture acceleration.

ExxonMobil has signed a carbon capture agreement with Nucor Corporation, one of North America's largest steel producers, to capture, transport, and store up to 800,000 metric tons per year of CO2 from Nucor's manufacturing site in Louisiana. This marks a milestone for ExxonMobil, bringing the total CO2 agreed to transport and store for third-party customers to 5 million metric tons per year. The project is expected to start up in 2026 and supports Louisiana's objective of reaching net-zero CO2 emissions by 2050.

via ExxonMobil|

#carbon-capture #emissions-reduction #energy