New National Wealth Fund to Drive UK Economic Growth
UK Chancellor Rachel Reeves has launched a National Wealth Fund with £7.3 billion of state funding to attract private investments for boosting economic growth in the UK. The taskforce, led by prominent figures, will focus on key industries like green steel and...
Steel Industry’s Shift Towards Reducing Carbon Emissions
The steel industry is embracing electric arc furnaces (EAFs) to curb carbon emissions, but challenges such as limited scrap supply and high electricity costs persist. Efforts to combine EAFs with direct reduced iron plants aim for carbon-neutral steel production,...
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