Environmental Groups Accuse ArcelorMittal of Greenwashing Ahead of Olympic Flame Arrival
Environmental groups accuse ArcelorMittal of greenwashing by using low-carbon steel for the Olympic torch, criticizing the steelmaker’s PR move to enhance its environmental image. Despite facing scrutiny for failing to meet decarbonization pledges, the firm has focused on shareholder returns over climate action, as revealed by a recent report from SteelWatch. Activists question ArcelorMittal’s commitment to sustainability, citing its disproportionate returns to shareholders compared to decarbonization investments.
China’s Steel Exports Surge Despite Housing Downturn
China’s housing market has been experiencing a downturn, but this has not significantly impacted the iron ore price, as the country’s steel mills have been directing their surplus output to export markets. This has contributed to what the OECD describes…
Researchers Transform Red Mud into Valuable Feedstock for Green Steel Production
Green steel is on the horizon, as researchers have found a way to transform red mud, a by-product of aluminium production, into a valuable feedstock for ironmaking. This innovative process utilizes fossil-free hydrogen-plasma-based reduction to convert red mud into sustainable…