SustainableSteel

Ancora Capital Proposes Bold Turnaround Plan for U.S. Steel, Valuing Shares at $75

13 days ago

In an ambitious move, Ancora Capital Group has put forth a comprehensive turnaround proposal for U.S. Steel Corporation, asserting that its strategy could elevate the company's stock price to an impressive $75 per share. This proposition arrives amid ongoing challenges faced by the steel industry, which is grappling with fluctuating demand, changing market dynamics, and the pressures of sustainable practices.

British Steel Owner Plans to Shut Down UK's Final Blast Furnaces, Striking a Blow to the Industry

24 days ago

In a significant development for the UK's manufacturing landscape, the owner of British Steel has announced intentions to close the last operational blast furnaces in the country. This move marks a pivotal moment not only for the steel industry but also for the workers and communities connected to these facilities.

India's Steel Industry Faces Challenges in Achieving Carbon Neutrality

3 months ago

The Indian steel sector, a significant player in the global market, is experiencing a robust growth in production, particularly in the more polluting aspects of steelmaking. This pattern poses substantial hurdles for India's ambitious carbon-neutrality goal, slated for 2070. As the country invests heavily in its steel industry, the reliance on traditional, highly carbon-intensive production techniques is raising alarms among environmentalists and policymakers.