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India's steel industry is grappling with a surge in imports, primarily from countries with free trade agreements (FTAs). These duty-free imports constitute a significant portion of total steel imports, rendering tariff adjustments ineffective in curbing the influx. Despite increased demand, the surge in imports has led to a supply glut, impacting domestic steel producers. View More

Around 62 per cent of steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said on Wednesday while acknowledging that there is a genuine problem of supply glut due to increased imports. His comments have come against the background of domestic steel players raising concerns over rising cheap steel imports from select nations, affecting their competitiveness. The domestic industry has also sought an increase in customs duty on steel products to check below-cost shipments. Speaking at a Ficci event here, the Steel Secretary even if the government raises the basic customs duty on imports, the move will not have the desired impact as 62 per cent of the shipments entering India from FTA nations. There is a genuine problem and the ministry is aware of that, Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62 per cent of imports are from FTA countries. "So, if we increase basic customs duty, there is no impact on these 62 per cent imports because there is no duty," the Secretary said. He also said there have been concerns for almost a year, especially in the last few months that dumping is happening at the international level and steel prices have come down. 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The inventory levels in steel companies have increased from normal 15-16 days to up to 30 days, he said adding the industry is facing a genuine problem. He also said that the steel demand has expanded by 13 per cent in the first half of the year and per capita steel consumption is heading towards 100 kg. The installed capacity stands at 180 million tonnes (MT) and another 120 MT is to be installed by 2030 to meet the 300 MT target. According to BigMint, India's steel imports were at 5.51 million tonnes (MT) in April-September 2024-25, higher from 3.66 MT in the year-ago period, Imports from China surged to 1.85 MT during that period from 1.02 MT in April-September period of financial year 2023-24, it said. India has free trade agreements (FTA) with countries like Japan, South Korea, Mauritius and the ASEAN bloc. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
India's steel secretary warned that the country needs $120 billion in investments to reach its 300 MT steel production target by 2030. With current capacity at 180 MT, an additional 120 MT is required. Without these investments and with rising demand, India could become a net steel importer by 2030. View More

India needs investments worth USD 120 billion to install 120 million tonne (MT) steel-making capacity to achieve its 300-MT target by 2030, Steel Secretary Sandeep Poundrik said on Wednesday. The top ministry official said if steel demand continues to rise and capacity additions don't take place, India may also become a net importer of steel. India's steel capacity has reached 180 MT, and another 120 MT is needed to reach 300 MT, Poundrik said at a Ficci event here. "We will need... about 120 MT of additional capacity, which means approximate investment of 120 billion dollars, which is 10 lakh crores in Indian rupees. And if that investment has to come, then our industry has to have that kind of profitability that we are able to make that investment," he said. If that will not happen, and demand continues to rise against increase in capacity addition then probably by 2030, India will become a net steel importer, the secretary cautioned. As far as steel demand is concerned, there is no issue. The steel demand has expanded 13 per cent in the first half of the year and per capita steel consumption is heading towards 100 kg. Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceStartup Fundraising: Essential Tactics for Securing CapitalBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentAdvanced Java Mastery: Object-Oriented Programming TechniquesBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program Artificial Intelligence(AI)Tabnine AI Masterclass: Optimize Your Coding EfficiencyBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Neil PatelBy - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing GuruView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrow's InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceTally Prime & GST Accounting: Complete GuideBy - CA Raj K Agrawal, Chartered AccountantView Program Artificial Intelligence(AI)AI for Everyone: Understanding and Applying the Basics on Artificial IntelligenceBy - Ritesh Vajariya, Generative AI ExpertView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program FinanceAI and Generative AI for FinanceBy - Hariom Tatsat, Vice President- Quantitative Analytics at BarclaysView Program LeadershipBoosting Startup Revenue with 6 AI-Powered Sales Automation TechniquesBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Web DevelopmentIntermediate C++ Skills: Master Pointers, Structures and File StreamBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMicrosoft Word Mastery: From Beginner to ExpertBy - CA Raj K Agrawal, Chartered AccountantView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program "Coming to the issue of profitability, there have been concerns for almost a year, and especially in last few months that dumping is happening at the international level and steel prices have come down," he said. Elaborating on steel industry issues, the official said Indian imports in the first half of this financial year have increased about 41 per cent while exports have gone down 36 per cent. The prices are stressed and inventory levels in steel companies have increased from the usual 15-16 days to up to 30 days, he said, adding that the industry is facing a genuine problem. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
India's non-regulated sectors, including power plants, significantly reduced coal imports by 9.83% during April-September 2024, signaling a shift towards domestic coal reliance. However, imports of coking coal for steel production and coal for specialized power plants increased. Overall, coal imports rose marginally, but their total value decreased, saving India Rs 13,628.73 crore. View More

Coal import by non-regulated sectors (NRS) dropped 9.83 per cent to 63.28 million tonnes (MT) in the April-September period of the ongoing financial year, the government on Wednesday said. The coal import by NRS was 70.18 MT in year-ago period. The coal import by domestic thermal power plants for blending purpose also declined 8.59 per cent to 9.79 MT in the April-September period from 10.71 MT a year ago. "This demonstrates an increased reliance on domestic coal supplies for these sectors," the coal ministry said in a statement. However, there has been a rise in the import of coking coal , essential for the steel industry, and coal for imported coal-based (ICB) power plants, which are not substitutable by domestic coal. The overall coal imports during April-September 2024 rose 1.36 per cent to 129.52 million tonnes (MT) compared to 127.78 MT in the corresponding period of the previous year. Artificial Intelligence(AI)ChatGPT Mastery from Zero to Hero: The Complete AI CourseBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMicrosoft Word Mastery: From Beginner to ExpertBy - CA Raj K Agrawal, Chartered AccountantView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceCrypto & NFT Mastery: From Basics to AdvancedBy - CA Raj K Agrawal, Chartered AccountantView Program LeadershipFrom Idea to Product: A Startup Development GuideBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program FinanceFinancial Literacy for Non-Finance ExecutivesBy - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBIView Program Web DevelopmentIntermediate C++ Skills: Master Pointers, Structures and File StreamBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentDjango & PostgreSQL Mastery: Build Professional Web ApplicationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipBuilding Your Winning Startup Team: Key Strategies for SuccessBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program LeadershipValidating Your Startup Idea: Steps to Ensure Market FitBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityExcel Essentials to Expert: Your Complete GuideBy - Study At Home, Quality Education Anytime, AnywhereView Program FinanceTally Prime & GST Accounting: Complete GuideBy - CA Raj K Agrawal, Chartered AccountantView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Web DevelopmentAdvanced C++ Mastery: OOPs and Template TechniquesBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program StrategyESG and Business Sustainability StrategyBy - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentJavaScript Essentials: Unlock AI-Driven Insights with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentIntermediate Java Mastery: Method, Collections, and BeyondBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program In terms of value, overall imported coal during April-September stands at Rs 1,38,763.50 crore, a decrease from Rs 1,52,392.23 crore during the same period last year. "This reduction has resulted in huge savings of Rs 13,628.73 crore demonstrating a more cost-effective approach to coal procurement," it said. The government remains committed to reducing the dependency on imported coal where feasible, by ramping up domestic production and streamlining logistics. At the same time, imports of non-substitutable coal are strategically maintained to support critical industries like power and steel. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
"They are studying it, they are looking at it favorably, that's all I hope. The process is on consultation with user industry. We haven't heard back (from the ministries) yet," Jindal said. View More

The Indian government is studying the request for imposing a temporary tax on China steel imports, the JSW Group chairman said on Wednesday, adding that it could get regulatory approval for the initial public offering of its cement business by January end. "We have been very patient with the steel ministry," said Sajjan Jindal, referring to the industry's requests to the government for protection against the dumping of Chinese steel in the country. "We are trying to convince the government to stop the circumvention of Chinese steel coming via the Free Trade Agreement countries into India," Jindal said on the sidelines of an industry event in Bengaluru. "The process for studying requests on temporary tax is on consultation with the user industry. We haven't heard back (from the ministries) yet," he added. Indian steel mills have been grappling with a higher influx of Chinese steel imports, hitting domestic prices and denting companies' earnings. 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Higher Chinese steel in the country would mean that steel margins would remain thin, while not much surplus would be left for investments and capacity additions, Jindal added. Earlier this month, peer Tata Steel 's CEO, TV Narendran said that prolonged steel imports could hurt the industry's investment plans. Jindal also expects that the Securities and Exchange Board of India (SEBI) will approve its proposed JSW Cement's initial public offering by the end of January 2025. This is the group's first comment on the $477 million IPO, after SEBI put it on hold in September. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The annual capacity of India's steel industry will increase by 20 million tons between the financial year (FY) 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term. View More

These structures, often featuring distinctive tilted roofs for solar energy capture, aim to offset the substantial carbon emissions associated with construction. View More

The three buildings, dotted around Norway, couldn’t look more different: a soaring timber-and-concrete obelisk in Porsgrunn; a squat, two-story Montessori school on the edge of a forest in Drøbak; and a concrete and glass wedge-shaped office in Trondheim, just a few hundred miles from the edge of the Arctic Circle. But they share a distinctive feature. Each has a roof perfectly tilted to squeeze out every possible drop of solar energy. They are called Powerhouses, and the initiative behind them claims they are all “energy positive”: The upfront energy “cost” of each building, and that of later demolition and disposal, is expected to be made back over the building’s lifetime. Powerhouses sometimes draw from the grid, especially in winter, but in the long Nordic summer days they give back many times over, overspilling excess solar energy into surrounding homes and businesses. Buildings — the creation, running and dismantling of them — make up some 40% of the world’s carbon emissions. In the coming decades, as operational emissions from heating, lighting and other functions fall, the emissions from construction will make up an ever-greater share of that. Meanwhile, there’s a global building boom underway. Floor area is expected to double by 2060, a rate equivalent to adding an entire New York City to the world, every month, for 40 years. Over decades, the green building movement has been trying to shrink the environmental footprint of construction. Now advances in technology and green-building laws are pushing ambition higher than net zero. Developers and architects around the world are touting their projects as “positive,” giving back more than they take, whether in terms of energy or carbon. But definitions of this vary widely, and some experts caution it’s just not possible to cancel out a building’s climate impacts. Five Powerhouses have been built so far, all in Norway. A Powerhouse elsewhere in the world might look very different — it might use wave energy, or even kinetic energy from roads, for power, says Marius Hauland Næss, director of acquisition and business development for the Nordics for Snøhetta, an architecture firm that’s one of the companies involved in the initiative, which is ongoing. “Our Powerhouses have become very visible because you often see this angled roof,” Hauland Næss says. “Until now, solar power has been the main focus, but with the next generation of buildings we could be looking into ways to harvest and use wind, wave or geothermic energy.” Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipValidating Your Startup Idea: Steps to Ensure Market FitBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrow's InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy - Pam Moore, Digital Transformation and Social Media ExpertView Program Artificial Intelligence(AI)ChatGPT Mastery from Zero to Hero: The Complete AI CourseBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMicrosoft Word Mastery: From Beginner to ExpertBy - CA Raj K Agrawal, Chartered AccountantView Program FinanceStartup Fundraising: Essential Tactics for Securing CapitalBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program MarketingMarketing & Sales Strategies for Startups: From Concept to ConversionBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program FinanceFinancial Literacy for Non-Finance ExecutivesBy - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBIView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program MarketingModern Marketing Masterclass by Seth GodinBy - Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program Web DevelopmentJavaScript Essentials: Unlock AI-Driven Insights with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of Finance: Finance Beginner CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Web DevelopmentAdvanced C++ Mastery: OOPs and Template TechniquesBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceAI and Generative AI for FinanceBy - Hariom Tatsat, Vice President- Quantitative Analytics at BarclaysView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMaster RESTful APIs with Python and Django REST Framework: Web API DevelopmentBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipCrafting a Powerful Startup Value PropositionBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program StrategyESG and Business Sustainability StrategyBy - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program The Powerhouse standard is about energy, not carbon. Designers and engineers just don’t know enough about the carbon intensity of the materials they build with to say conclusively that their buildings are also carbon-negative, says Hauland Næss. But a more efficiently built and operated building definitely means a shorter payback time. The first Powerhouse, Kjørbo, a set of offices near Oslo, reuses concrete and steel from the original 1980s buildings on the site. Powerhouse Lade, the first Powerhouse homes, completed this past August, have been designed to draw heat from natural thermal wells via heat pumps. Skanska, the project’s developer, says the complex’s 97 “energy positive” apartments will produce more energy than they consume over a lifetime of 60 years. Demand for the approach is rising as European environmental regulations on business activities tighten. Snøhetta regularly turns down clients who ask for a Powerhouse, Hauland Næss says (though they usually tell them they can have a nearly-as-ambitious building). On a site like that of Bloomberg’s office in central London, a Powerhouse would be difficult to construct; there’s just not enough space for the solar panels (or wind turbines). “If people are talking about having a surplus of meeting their energy requirements from onsite energy generation, that may be a good thing, but it doesn’t mean that they’re doing no harm,” says Simon Wyatt, a partner in sustainability at the engineering consultancy Cundall. In other projects, “things may be better in terms of overall carbon footprint, but aren’t energy positive. And it’s understanding where every building should site itself.” A rural location might make it easier for a building to generate more energy, but that doesn’t necessarily shrink the carbon footprint. A city-center building might not be energy positive, but it could be built in the most low-carbon way possible. Populus, a Denver hotel that opened this fall, was built out of lower-emissions concrete. There’s no car parking on site, all food waste is composted and the lobby’s wood furnishings come from reclaimed snow fences from Wyoming and beetle-damaged trees from Colorado. The project was designed by Chicago-based architecture firm Studio Gang. Jon Buerge, an Aspen, Colorado native and president of the developer Urban Villages , wanted to lean into a “reverence for nature” in the hotel’s design, to remind guests that this was no ordinary building. Nevertheless, the project ran into high-carbon headwinds — including in the kitchens, where the culinary staff insisted on gas stoves. Once construction was done, emissions stood at about 6,675 metric tons of CO2, roughly the same as the annual carbon emissions of 870 US homes. To offset this, Urban Villages bought carbon credits from sources including Grassroots Carbon, which pays ranchers to store carbon in their soil. They also planted 70,000 trees to replace forests damaged by beetle kill in Colorado, via the nonprofit One Tree Planted and the US Forest Service . The hotel will also pay for one tree to be planted for every night’s stay. Overall, Buerge says, Urban Villages estimates that sequestration plans will remove 60,000 to 70,000 tons of carbon, though this figure hasn’t been certified by anyone outside of the company. The developer is billing the hotel as “carbon positive,” which it defines as “a commitment to sequester more carbon in biomass and soil than the combined embodied and operational footprints of the building throughout its entire lifecycle.” “Our goal was to leave the planet in a better place than we found it — not an equal place, a better place,” says Buerge. “‘Carbon positive’ feels like a term that kind of emotionally reinforces what we’re trying to do.” Offsets are controversial: Investigations of several offset projects have found that they likely didn’t remove as much carbon as they claimed, and besides, there’s no guarantee that carbon can be stored in trees and soil forever. The Colorado tree-planting project has already seen losses of 80% because of heat and drought (the Forest Service is looking at replanting, Buerge says). “You cannot build and operate a building without some level of carbon footprint,” says Buerge. He adds that cities and urban density are themselves good for the planet. With its downtown site and no parking, Populus nudges guests to walk and use public transit, avoiding the higher emissions from driving. There’s no fixed definition for an energy-positive, carbon-negative or climate-positive building, says Tom Wigg, a senior advisor for advancing net zero at the UK Green Building Council, an industry group that is part of efforts to create a net-zero carbon building standard. Instead of focusing on an individual structure’s carbon-in, carbon-out equation, he prefers to look at new buildings in the context of the global carbon budget. “It’s not about mitigating your emissions at an individual asset level. It’s about the performance of your building being compatible with the entire built environment sector’s decarbonization to net zero, in line with the 1.5C scenario,” says Wigg. Any claim to go further than that is tough to evidence, he says: “We’ve got so far to go before buildings can really be called carbon positive, climate positive [or] carbon negative.” In particular, the carbon footprint of the supply chain for materials has “only recently been intensively scrutinized,” says Mel Allwood, sustainable buildings director at design and engineering firm Arup. The true impacts of cement and steel, which rely heavily on fossil fuels and have high carbon emissions, and the toll of transporting materials over thousands of miles are difficult to quantify and difficult to reduce. “The collective impact is more significant than would have been anticipated in previous decades,” Allwood says. The Launceston Timber Tower, in Tasmania, Australia, is “the most sustainable and carbon positive office development in Tasmania,” according to the website of its architects, Terroir. But Scott Balmforth, a director at the company, doesn’t want to go any further than that. Terroir didn’t want to claim “this is the way — this is how we’ve got to be doing it, this is ‘zero carbon,’” he says. It is possible to create a building that has captured more carbon than it emits at the point of its construction, a study commissioned by the firm found, but only using “biogenic” measures. These take into account carbon absorbed by timber and straw in the building during its former life as trees and crops (a controversial calculus, because cutting a tree down now means it stops absorbing carbon at a crucial juncture of the climate crisis, as well as uncertainty about what happens to that stored carbon at the end of the building’s life). The project opened Balmforth’s eyes to some of the contradictions in carbon accounting for buildings. For example, because under the biogenic method, more timber means more carbon absorbed, it can make the building look more “green” if you add more timber than you technically need — an obviously absurd approach if you’re truly attempting to create a building that treads more lightly on the planet. Such sharp practices are “alive and well” in the construction industry, he says, the consequence of a lack of clearly defined parameters for how to measure impact. “The industry is not at the point where we can really define what it is ourselves.” In this area, at least, industry groups and regulators are starting to wake up to the potential pitfalls of the current free-for-all in green building claims. “You’ve only got to look at an area like the voluntary carbon market, where there have been plenty of stories discrediting some of the claims that have been made,” says Paul King, chief executive of Built by Nature, a network and fund promoting timber building in Europe. “If these things become discredited, they become a reputational risk.” Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.
JSW Steel has been named the preferred bidder for the Codli Mineral Block XII in Goa, India, with a bid of 92.60% of the value of mineral dispatched. The block holds an estimated 48.5 million tonnes of iron ore resources. View More

JSW Steel on Tuesday said it has been declared as the preferred bidder for Codli Mineral Block XII at Dharbandora in Goa. The company has received a communication from the Office of the Director, Directorate of Mines & Geology, Government of Goa, JSW Steel said in an exchange filing. "The company is declared as 'Preferred Bidder' with highest final offer price at 92.60 per cent of the value of mineral dispatched," it said. The projected iron ore resources are 48.5 million tonnes in addition to 2.7 million tonnes of ore in dumps, JSW Steel said. The company will take all requisite steps to obtain Letter of Intent and statutory clearances to execute the lease deed with Mine Development and Production Agreement (MDPA) and start the mining operations. In a separate filing, JSW Steel said its Italian arm JSW Steel Italy SrL has signed a commercial agreement with Metinvest Adria S.p.A MarketingDigital Marketing Masterclass by Neil PatelBy - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing GuruView Program FinanceA2Z Of Finance: Finance Beginner CourseBy - elearnmarkets, Financial Education by StockEdgeView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program FinanceAI and Generative AI for FinanceBy - Hariom Tatsat, Vice President- Quantitative Analytics at BarclaysView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceTally Prime & GST Accounting: Complete GuideBy - CA Raj K Agrawal, Chartered AccountantView Program Web DevelopmentMaster RESTful APIs with Python and Django REST Framework: Web API DevelopmentBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)ChatGPT Mastery from Zero to Hero: The Complete AI CourseBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipBoosting Startup Revenue with 6 AI-Powered Sales Automation TechniquesBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Artificial Intelligence(AI)Tabnine AI Masterclass: Optimize Your Coding EfficiencyBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI and Analytics based Business StrategyBy - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCIView Program Web DevelopmentC++ Fundamentals for Absolute BeginnersBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentIntermediate Java Mastery: Method, Collections, and BeyondBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy - Pam Moore, Digital Transformation and Social Media ExpertView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program FinanceCrypto & NFT Mastery: From Basics to AdvancedBy - CA Raj K Agrawal, Chartered AccountantView Program MarketingModern Marketing Masterclass by Seth GodinBy - Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipCrafting a Powerful Startup Value PropositionBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program "As per the agreement, Metinvest is obliged to pay a release fee of Euro 30 million to JSW Steel Italy Piombino SpA. as all inclusive consideration for the transaction," the filing said. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Indian steelmakers are urging the government to impose temporary taxes on cheap steel imports from China, Japan, and South Korea. They argue that the surge in imports at predatory prices is hurting their profits and threatening the industry's survival. The Directorate General of Trade Remedies has asked the Indian Steel Association to file a formal petition to initiate an investigation. View More

India's steelmakers have urged the government to immediately impose a temporary tax to stem cheap imports from China, Japan and South Korea, according to the latest industry presentation, in a fresh move to pressure New Delhi to curb cheap overseas supplies. "Surging steel imports is a major concern especially from surplus and major exporting countries including China, Japan and Korea," the Indian Steel Association (ISA), a producers' body, said in its presentation to the Directorate General of Trade Remedies (DGTR), an arm of the federal trade ministry. The steel industry's presentation to DGTR has not been previously reported. The Indian Steel Association, which counts JSW Steel , Tata Steel and state-run Steel Authority of India among its members, said in its presentation dated Nov. 13 that mills were going through a difficult phase due to "severe stress" caused by unbridled imports. "Surging imports at predatory prices" is a major concern for the survival of the Indian steel industry, the Indian Steel Association said in the presentation reviewed by Reuters. 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India in August launched an anti-dumping investigation into certain steel imports from Vietnam, which is still ongoing. India, the world's second-biggest crude steel producer, became a net importer of the alloy in the fiscal year to March 31, 2024 and the trend has continued since, with imports rising steadily. India's finished steel imports during April-October surged to a seven-year high at 5.7 million metric tons, according to provisional government data reviewed by Reuters. "(The) steel industry in 2024/25 by now has lost margins by 68% to 91% and are under severe stress, leading to uncertainty of funding from investors impacting the capacity expansion," the Indian Steel Association said. India's JSW Steel Ltd, the country's biggest steelmaker by capacity, last reported a third straight quarterly drop in profits, as rising imports dragged down domestic prices. After going through the presentation, the DGTR asked the Indian Steel Association to submit a formal petition to help initiate an investigation to determine whether cheap steel imports have hurt Indian steelmakers . The imposition of a safeguard duty will depend on the outcome of the DGTR investigation. The ISA, trade ministry and DGTR did not respond to Reuters' emails for comment. Cheap imports are eating into the market share of domestic steelmakers, the Indian Steel Association said in its presentation. It said 17% of the hot-rolled segment, 20% of coated steel, and 19% of the plates segment have been displaced by cheap Chinese, Japanese and South Korean steel. China, Japan, South Korea and Vietnam are selling their surplus stocks to India to cash in on strong demand for steel in the south Asian country. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
During a concert, singer Diljit Dosanjh modified lyrics to avoid alcohol references and called for a movement to make all states dry. He also criticised the focus on his alcohol-related songs. View More

Indian steel companies are poised for a stronger third quarter, with rising demand and improved margins driven by price hikes in long steel and stable flat steel prices. Lower coking coal costs are also expected to boost profitability. This positive outlook follows a challenging second quarter marked by steep declines in steel realization and EBITDA losses for domestic producers. View More

New Delhi [India], November 19 (ANI): Steel companies may see improved demand and better margins in quarter three of the current fiscal year, according to a report by Centrum . The report expects the demand to improve in Q3FY25 as the monsoon has receded, and also price hike is seen in long steel while flat steel prices have remained unchanged. "We expect demand to improve in Q3FY25 as monsoon has receded and also seen some price hike for long steel while flat steel prices have remained unchanged QoQ. Further, coking coal cost is further expected to decrease by USD25/t in Q3FY25 aiding better margins QoQ," said the report. It said that looking ahead in Q3FY25, steel companies are expected to see higher profitability, driven by increased long steel prices and stable flat steel prices, along with reduced coking coal cost. The report adds that net debt for steel companies has increased overall by an average of 6-20 per cent QoQ in Q2FY25 due to ongoing capex expansion. 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The average LME aluminium price declined by 5.5 per cent QoQ to USD2,382/tonne, and the average zinc price declined by 2 per cent QoQ to USD2,779/tonne. For non-ferrous, aluminium and zinc, prices are expected to increase in Q3FY25 and drive higher earnings for the companies (QoQ) Because of a sharp fall in steel realization the steel companies under coverage reported a 3 per cent decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) in quarter two of the current fiscal, says a report by Centrum. However, it adds that the decline was partially offset by fall in raw material prices. The report expects that non-ferrous companies have realised improvement in operational performance by 3-20 per cent (QoQ) For Ferrous companies, it was a challenging quarter as domestic steel producers reported Rs 700-1700 per tonne EBITDA losses (QoQ) Average coking coal prices were down by USD 25-30/tonne (QoQ). The derived realisation/tonne declined steeply by Rs 3,000-Rs 6,200/tonne. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

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