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Liberty Steel gets EC approval for acquisition of Hungary’s Dunaferr
“We are now working at pace to complete the transaction as quickly as possible,” a Liberty Steel spokesperson commented.Liberty Steel has been working closely with Dunaferr to help restart the latter’s blast furnace No.Liberty Steel paid about HUF 20 billion (€51.65 million) to acquire Dunaferr in a liquidation procedure this summer.2, meltshop and cold rolling mill, as SteelOrbis previously reported.

🌎 International · 🗓️ October 10, 2023 · Steel

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UK steel imports resemble ‘a python swallowing a goat’
The reporting of the carbon emissions embedded in steel products entering the EU begins on October 1.The panel debate covered a wide range of topics, including the EU’s incoming Carbon Border Adjustment Mechanism (CBAM) and the need to decarbonise the UK steel industry.And Wooffindin also expressed concern about the cost of energy in the UK, compared to countries elsewhere in Europe.He said: “We do need a decarbonised steel offering in the UK.”Murphy, however, suggested that the UK government’s investment to decarbonise domestic steelmaking was “still behind the curve” compared to counterparts in the EU.

🔗MEPS International

🌎 International · 🗓️ October 10, 2023 · Steel

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Al chips in to save $2 billion for Tata Steel
In a surprising convergence of technology and traditional industry, Tata Steel, a prominent player in the steel manufacturing sector, has harnessed the power of data and artificial intelligence (AI) to optimize its operations and drive substantial profits.He explains how data and AI have become integral components, comparable in importance to traditional raw materials like iron ore and coke.4 billion in savings, a testament to the effectiveness of their data-driven strategies.This transformative approach exemplifies how industries are evolving in the digital age, where data-driven insights and AI technologies are being harnessed to optimize processes, reduce costs, and enhance profitability in sectors previously perceived as 'physical' in nature, such as steel manufacturing.The company has recognized that, alongside essential raw materials like iron ore and coke, data plays an equally pivotal role in ensuring its profitability and sustainability.

🔗Construction World

🇮🇳 India · 🗓️ October 10, 2023 · Building Material

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Al chips in to save $2 billion for Tata Steel
In a surprising convergence of technology and traditional industry, Tata Steel, a prominent player in the steel manufacturing sector, has harnessed the power of data and artificial intelligence (AI) to optimize its operations and drive substantial profits.He explains how data and AI have become integral components, comparable in importance to traditional raw materials like iron ore and coke.4 billion in savings, a testament to the effectiveness of their data-driven strategies.This transformative approach exemplifies how industries are evolving in the digital age, where data-driven insights and AI technologies are being harnessed to optimize processes, reduce costs, and enhance profitability in sectors previously perceived as 'physical' in nature, such as steel manufacturing.The company has recognized that, alongside essential raw materials like iron ore and coke, data plays an equally pivotal role in ensuring its profitability and sustainability.

🔗Construction World

🇮🇳 India · 🗓️ October 10, 2023 · Building Material

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JSW Cement eyes Heidelberg Materials' Indian unit acquisition
In the context of mergers and acquisitions, the valuation of enterprises is often influenced by their proximity to the end-consumption market and their profitability.JSW Cement, the building-materials division of the prominent Indian steelmaker JSW Group, is reportedly in the early stages of negotiations with German cement company Heidelberg Materials to acquire its cement businesses in India, which produce 13.The building materials industry in India, the world's second-largest cement market in terms of capacity and consumption, is highly regional and heavily reliant on freight.In the competitive bidding for Ambuja Cements and ACC, both previously owned by Holcim Group, the Adani Group emerged as the successful bidder.JSW Group also participated in this bidding process.

🔗Construction World

🇮🇳 India · 🗓️ October 10, 2023 · Building Material

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