12
Nov
09:51
Vale, Baowu Steel to develop low emissions project
Brazilian miner Vale and the world`s largest steelmaker - China`s Baowu Steel Group - have signed a memorandum of understanding on developing solutions focused on reducing greenhouse gas emissions, Kallanish notes.
The companies will jointly evaluate the production of bio-carbon material, a material based on biomass. This will be used as a replacement for fossil energy in blast furnaces. Vale is also evaluating a potential investment of CHY 60-70 million ($9.…
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Anonymous
Very good overview of the weekly steel market.
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