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A year ago analysts thought steelmaker ArcelorMittal SA would be lucky to make US$2bil (RM8.43bil) of net profit in 2021.
BEIJING: ArcelorMittal SA warned that Chinese steel demand will contract this year due to headwinds facing the real estate sector, in the latest sign of the widening fallout from the China Evergrande Group’s crisis.
DUISBURG, Germany (Reuters) -German Social Democrat (SPD) candidate for chancellor Olaf Scholz promised on Thursday to help the steel industry convert to climate-friendly production if his party, clinging to a narrow lead in polls, wins Sunday's federal election.
NEW YORK: Bill Gates raised more than US$1bil (RM4.19bil) in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock Inc’s Larry Fink and Microsoft Corp’s Satya Nadella to rally support for some of the world’s most demanding clean-energy projects
NEW YORK: Several United States companies, including American Airlines Group Inc, General Motors and Microsoft Corp, have built on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates’ Breakthrough Energy programme.
Bill Gates established Breakthrough Energy Catalyst to accelerate the commercial viability of four key solutions to the climate crisis: green hydrogen, sustainable aviation fuel, long-duration battery storage and carbon capture from the air.
SHENYANG (Xinhua): China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.
LONDON (Reuters) - A surge in markets that put a price on planet-warming emissions could make technology to capture and sequester carbon dioxide commercially viable after decades of false starts.
MUMBAI: Tata Steel Ltd seems to have just about everything going for it ahead of next week’s quarterly earnings report.
JUST over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers. Amid talk of an emergency capital raise, its market value fell to less than US$3bil (RM12.66bil).