All posts tagged: steel industry

How West Asia conflict may impact other core industries, beyond oil & gas | Explained News

How West Asia conflict may impact other core industries, beyond oil & gas | Explained News

4 min readNew DelhiMar 7, 2026 05:01 AM IST Beyond the impact of the ongoing conflict in West Asia on global oil and gas markets, a quieter supply risk is emerging for several core Indian industries as tensions threaten to disrupt the flow of key industrial inputs from the region. Sectors such as steel, fertilisers, cement and power transmission depend heavily on imports of essential raw materials from West Asia. These essential industrial inputs include limestone, sulphur, gypsum, direct reduced iron (DRI) and copper wires. Notably, more than half of India’s imports of these commodities had originated in the region. The West Asian region broadly includes the six Gulf Cooperation Council countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE — along with other regional economies such as Iran, Iraq, Israel, Jordan, Lebanon, Syria and Yemen. The missile and drone strikes hitting several energy and logistics facilities across the Gulf have intensified the fears of supply disruptions. The possibility of a closure of the Strait of Hormuz — one of the world’s most …

IIT Bombay research finds potential pathway to decarbonise steel industry  

IIT Bombay research finds potential pathway to decarbonise steel industry  

Steel, a vital component of infrastructure and economy, contributes massive environmental damage in its production process as it relies heavily on coal as a fuel. In the steel production process, carbon (primarily sourced from coal and natural gas) reacts with iron ore to produce molten iron, which is then refined to create steel. This process generates vast amounts of carbon dioxide (CO2) and as a result, the steel industry alone, globally, emits over 3.7 billion metric tons of CO2 every year, contributing to 7–9 % of carbon emissions.   To combat the issue, a team of researchers, Arnab Dutta, Sukanta Saha, Suhana Karim and Santanu Ghorai, from the Chemistry Department at the Indian Institute of Technology Bombay (IIT Bombay) have come up with a set of sustainable catalysts for generating green hydrogen that can be utilised in steel making process via hydrogen-based direct reduction of iron (H-DRI) method.  In a recent review published in the Journal of Energy and Climate Change, researchers from IIT Bombay, led by Professor Arnab Dutta, have collated the advances made in the …

Biden to block US Steel sale to Japan’s Nippon Steel: Report | News Today News

Biden to block US Steel sale to Japan’s Nippon Steel: Report | News Today News

US President Joe Biden has decided to officially block Nippon Steel’s proposed $14.9-billion purchase of US Steel, a person familiar with the decision said on Friday, putting an end to a long-running and contentious merger plan. The Committee on Foreign Investment in the United States (CFIUS) had previously referred the decision to approve or block the deal to Biden, who will leave office on Jan. 20. Biden’s call to block the deal came despite contrary efforts by some senior advisers concerned it could hurt US-Japan relations, according to the Washington Post, which first reported the news. The newspaper cited two administration officials who were not authorized to speak publicly about the matter. The source who spoke to Reuters on condition of anonymity did not elaborate on the reason for the decision but had previously highlighted the political implications of a deal. A White House spokesperson and a spokesperson for Nippon Steel both declined to comment on the reports. US Steel directed Reuters to a statement earlier on Thursday saying it hoped “Biden will do the …