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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,270   +0,140   (+0,63%) Dagrange 22,160 - 22,270 308.639   Gem. (3M) 2,2M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1327 1328 1329 1330 1331 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 1 juni 2021 06:45
    Mr Gadkari Alleges Cartelization by Steel Makers Again

    India’s Minister for Road Transport & Highways Mr Nitin Gadkari, alleging canalization by steel and cement players, has again emphasised on developing ways to cut down usage of steel and cement in construction of roads and bridges in India. He said “Massive investment is made in the highways sector in India. Without compromising on quality, we need to reduce the cost of construction of roads and bridges. We should accept successful practices of road construction in the world and accept it in Indian scenario. Reduce the use of steel and cement in construction of roads and bridges. I want to teach lessons to cartels of steel and cement companies.”

    Mr Gadkari has been raising concerns over steel price hikes. Mr Gadkari while speaking at a virtual event of Builders Association of India on 9 January 2021 had said “Regarding steel and cement, this is really a problem for all of us. Actually, I feel this is a cartel by some big people are doing in cement and steel. All the players in the steel industry have their own iron ore mines, and do not have to face any hikes in labour or power rates, why the steel industry has been hiking prices."

    Mr Gadkari on 24 January had again highlighted the need to explore alternatives to steel as well as cement, for bringing down their prices. He had said "Steel prices have increased by 65% in the last six months. Steel and cement rates will reduce once cheaper alternatives are available.”

    Source - Strategic Research Institute
  2. forum rang 10 voda 1 juni 2021 06:46
    Germany Investing in Several Large Scale Hydrogen Projects

    Germany’s Federal Ministry of Economics BMWi and the Federal Ministry of Transport BMVI have selected 62 large scale hydrogen projects, which are to be state-funded as part of a joint European hydrogen project Important Project of Common European Interest IPCEI. The EUR 8 billion is made up of federal and state funds. Around EUR 4.4 billion comes from the Federal Ministry of Economics and up to EUR 1.4 billion from the Federal Ministry of Transport. The remaining funds are made available by the federal states. Investments totalling EUR 33 billion are to be triggered, including more than EUR 20 billion from private investors. The lion’s share of the funding will be directed towards building electrolysers and hydrogen pipelines. Germany’s major steel manufacturers will receive EUR 2 billion between them in funding for hydrogen related decarbonisation projects.

    The 62 major hydrogen projects were selected from more than 230 project outlines received and represent the entire value chain of the hydrogen market. In the BMWi department, 50 project outlines were selected. These include project sketches for generation plants that together comprise more than 2 gigawatts of electrolysis capacity for the production of green hydrogen. This corresponds to 40% of the target set in the National Hydrogen Strategy of 5 gigawatts by 2030.

    Hydrogen pipeline projects will advance with a total length of around 1,700 km. A particularly large amount of emissions can be saved in the CO2-intensive steel industry. ArcelorMittal, Stahl Holding Saar, Salzgitter Stahl and Thyssenkrupp Steel have submitted investment projects.

    A number of innovative projects in the chemical industry use the CO2-free production of hydrogen for the production of ammonia or synthetic fuels for freight or air traffic.

    The Federal Ministry of Transport is funding 12 projects in the mobility sector. These concern the development and manufacture of fuel cell systems and vehicles, from cars to trucks to municipal vehicles.

    In addition, for example, the development of a nationwide and cross-border networked hydrogen refuelling infrastructure is being promoted. Also, the aerospace and maritime sector is addressed.

    Source - Strategic Research Institute
  3. forum rang 10 voda 1 juni 2021 06:47
    Vallourec Joins International Geothermal Association

    Global seamless pipes & tubes leader Vallourec group has become a corporate member of the International Geothermal Association, which has nearly 5000 members in more than 65 countries. Vallourec has extensive experience in providing tubular solutions in the most complex environments (corrosion, high temperature, etc. Its wide range of corrosion-resistant materials can cope with hot and highly corrosive geothermal fluids (H2S, CO2). The Group is also actively involved in developing new technical solutions (materials and services) that will facilitate the development of this energy, such as vacuum-insulated tubes THERMOCASE

    The International Geothermal Association is the leading global platform supporting the development of geothermal energy. It is committed to making this energy a real game changer and contributing to the achievement of the United Nations Sustainable Development Goal No 7, to ensure access to reliable, sustainable, modern and affordable energy services for all. To achieve this, the IGA has a vast network of scientists, researchers, industrialists, students, international, national and local organizations. Through this community, the IGA aims to encourage, facilitate and promote the research, development and use of geothermal resources worldwide. The aim is to encourage entrepreneurs to use clean technologies and to share scientific and technical information, but also, among other things, to step up the technological agenda and the definition of standards with industrial partners.

    The objective of the IGA and its members is to promote technologies related to the use of heat, geothermal exchanges, cooling techniques, etc. The IGA has set up several working groups to discuss standards and practices, and Vallourec is participating in them.

    Source - Strategic Research Institute
  4. forum rang 10 voda 1 juni 2021 06:48
    BlueScope Port Kembla Blast Furnace Upgrade Deemed Critical

    Mirage News reported that an AUD 700 million proposal to upgrade a Bluescope’s blast furnace at Port Kembla Steelworks has been declared Critical State Significant Infrastructure, given its importance to the state economy and its potential to create 1,000 new jobs in the Illawarra. The project involves fixing and upgrading a blast furnace to ensure it’s ready for operation when the existing furnace is decommissioned in 2026. BlueScope Steel will now prepare an Environmental Impact Statement for community feedback and detailed assessment.

    New South Wales Minister for Planning and Public Spaces Mr Rob Stokes said, if approved, the BlueScope Steel project would ensure continued employment for thousands of people and maintain a secure supply chain for the construction industry. He said “The continued operation of the Port Kembla Steelworks is critical for economic success and regional jobs. More than 60% of the 3 million tonnes of steel produced there each year is for the Australian market, delivering significant road, rail and industrial projects. It is the largest manufacturing facility in Australia and contributes AUD 10.3 billion to the NSW economy each year. This proposed upgrade to the smelter would provide continued employment for the existing 4,500 workers and contractors, while creating an additional 1,000 new construction jobs, bringing security and certainty to the Illawarra community.”

    Source - Strategic Research Institute
  5. forum rang 10 voda 1 juni 2021 06:49
    New Flemish Consortium Hyve to invest in Hydrogen

    A group of organisations, consisting of Bekaert, Colruyt Group, Deme, Imec, John Cockerill and Vito have joined forces to invest in the production of green hydrogen. The newly established consortium called ‘Hyve’ aims to produce green hydrogen using electrolysis in a cost-efficient and sustainable way at a gigawatt scale. The consortium members will combine their expertise to develop new components for electrolysers to generate green hydrogen cost-effectively.

    The members encompass the whole value chain with the following responsibilities:

    1. Flemish research centres Imec and Vito, which are partners in EnergyVille, will leverage their knowledge to boost the efficiency of the electrolysis technology. Imec’s expertise in solid-state electrolytes, electrode surfaces, and process technology at the nanoscale is combined with VITO’s expertise in membranes, catalysis, and system integration.

    2. Bekaert, supplier of Metallic Porous Transport Layers for electrolysis, will supply the appropriate materials.

    3. mJohn Cockerill, producer of alkaline electrolysers, will integrate the results into its production.

    4. DEME, a dredging and offshore energy services provider, aims to use novel electrolysers to convert wind and solar energy into green hydrogen and derived green products (e-fuels). Its ‘Hyport’ concept aims to import cheap green hydrogen products into Europe.

    5. Colruyt Group will support research applications for sustainable transport. It is operating a hydrogen refuelling station, testing hydrogen-powered forklifts and the first heavy-duty trucks, collaborating on a green hydrogen plant in Zeebrugge through the energy holding company Virya Energy and is exploring e-fuels via Dats24. The group also put its first 44-ton hydrogen-powered electric heavy-duty truck in Europe on the roads.

    Source - Strategic Research Institute
  6. forum rang 10 voda 1 juni 2021 06:50
    Rising Steel Prices Hit Highway Construction Projects in Vietnam

    VNS reported that the fourth wave of COVID-19 cases, coupled with the recent rise in prices of building materials, has forced many projects in Vietnam to halt construction or even fall into stagnation, which would affect the disbursement of public investment this year. VNS reported “From the beginning of this year, steel prices jumped by 40%, significantly pushing up investment capital, in some cases by billions Vietnamese dong for each project. This put construction enterprises into difficulties. Some have been forced to halt construction to avoid further losses.”

    A representative from a contractor working on the Cam Lam Vinh Hao expressway project said that the increase in steel price pushed up the project’s investment capital by around VND150 billion. Other component projects like the North-South Expressway projects also faced the same issues. 319 Corporation, which is building 3 National Highways, said that skyrocketing building material prices put contractors into difficulty and created the risk that projects would fail to follow their planned schedules.

    According to the General Statistics Office, the price index of steel and iron product increased by nearly 20% in April over the same period last year and more than 23% in the first four months of 2021. GSO pointed out three reasons for the increase, including rise in prices of raw materials for steel production and transportation costs, decrease of global steel supplies as China tightened control over production volume, together with rising domestic demand.

    Source - Strategic Research Institute
  7. forum rang 10 voda 1 juni 2021 06:51
    China to Cap Steel Output to Deepen Green Push

    China Daily reported that at 11th China International Steel Congress themed "Green Steel for a Low-carbon Future" in Shanghai, China’s Ministry of Industry and Information Technology officials explored a steel output limit mechanism to control carbon emissions, pollution and energy consumption, in line with the nation's active pursuit of carbon neutrality. The ministry would explore measures including control of crude steel output, increasing the proportion of short process electric furnaces, and developing hydrogen metallurgy. The ministry would also work actively with government bodies, including the National Development and Reform Commission, to consolidate the achievements in overcapacity cuts in the past few years.

    Experts said the steel sector, which accounts for around 18% of the nation's carbon emissions, would see both challenges and opportunities in the nation's low-carbon pursuit. Experts expect big changes in energy, industry, the global economy as well as people's lives, which will be closely connected with the iron and steel industry, creating both opportunities and challenges. Experts said industry players should expect some difficulties for Chinese steel companies during the low-carbon shift.

    China has vowed to have CO2 emissions peak by 2030 and achieve carbon neutrality by 2060. To achieve this, the iron and steel industry, like other major sectors, is speeding up its transition to green, low-carbon and high-quality development mode.

    Source - Strategic Research Institute
  8. forum rang 10 voda 1 juni 2021 06:57
    POSCO & Hyundai Steel Seal USD 45 Hike for Automotive Steel

    Korea Herald reported that South Korean steel makers Posco, Hyundai Steel and others have reached an agreement with automaking majors Hyundai Motor Co and Kia Corp to increase fixed prices for supplies of automotive steel sheet by KWR 50,000 per tonne (USD 45). The move is meant to reflect the increased costs of iron ore, which jumped to USD 199 per tonne on May 31, a sharp increase from US97 last year

    The last hike was made in the second half of 2017.

    Hyundai Steel said it plans to hold negotiations with the big three shipbuilders Daewoo Shipbuilding & Marine Engineering Co, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries Co in the coming weeks over a price hike of thick steel plates. Korea Shipbuilding & Offshore Engineering manages three shipbuilding units -- Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.

    Source - Strategic Research Institute
  9. forum rang 10 voda 1 juni 2021 06:58
    Former Ilva Steel Plant Owners Riva Brothers Sentenced for 20Years

    ANSA reported that a court has sentenced brothers Mr Fabio Riva and Mr Nicola Riva to 22 and 20 years in jail respectively for the environmental disaster caused by the ILVA steelworks in the southern city of Taranto. They were convicted of criminal association to cause an environmental disaster and poising of food substances and willful omissions of workplace safety measures. Riva brothers were the former owners and directors of the plant, whose emissions have been linked to high cancer rates in the area.

    Former Puglia Governor Nichi Vendola was sentenced to a three-year term in relation to the case. He was convicted of aggravated bribery, accused by prosecutors of having put undue pressure on an environmental official to soften his position on the toxic emissions. That official, Giorgio Assennato, meanwhile, was found guilty of not reporting Vedola´s pressure, and was sentenced to two years in prison.

    Source - Strategic Research Institute
  10. forum rang 10 voda 1 juni 2021 06:59
    RINL Director Personnel Mr Das Assigned Additional Charge of CMD

    UNI reported that Rashtriya Ispat Nigam Limited’s Director Personnel Mr Kishore Chandra Das, is assigned the additional charge of the post of CMD RINL for a period of one month from 1st to 30th June 2021 or until joining of regular incumbent or until further orders by the Ministry of Steel. Mr Das took over as Director Personnel o, RINL on 1st January 2017. He is a Post Graduate in Humanities and an MBA. Prior to his joining RINL, Mr Das had worked in the capacity of Executive Director HR at MDL.

    Former RINL CMD Mr PK Rath superannuated after serving the company for 38 years.

    Source - Strategic Research Institute
  11. forum rang 10 voda 1 juni 2021 06:59
    200 Bed COVID Care Facility Starts at SAIL DSP

    India’s Steel Minister Mr Dharmendra Pradhan has dedicated Jumbo Covid Care facility in SAIL’s Durgapur Steel Plant. The facility has 200- bedded COVID care facility at Durgapur Steel Plant. The centre is equipped with the facility of gaseous oxygen which will be directly being drawn from the plant through a dedicated pipeline ensuring uninterrupted oxygen supply for the patients. A double storied building has been swiftly modified to be used as a COVID hospital, with all necessary installations and medical equipment.

    This centre, located beside the national highway, has an added vantage point for the COVID patients of the region to access the hospital.

    SAIL has strengthened the Bengal’s resolve to fight the pandemic. Recently, a 200 bedded COVID care facility at Burnpur was dedicated to the service of the nation.

    Source - Strategic Research Institute
  12. forum rang 10 voda 1 juni 2021 07:00
    Odisha Serves Notice to Sarda Mines for Excess Iron Ore Mining

    The Hindu reported that Odisha’s Directorate of Mines has served a show-cause notice to the Sarada Mines Limited for recovery of INR 1,042 crore towards alleged excess iron ore production in Keonjhar district. The company has been served the show cause as to why the cost price of compensation under Section 2l(5) of the Mines and Minerals (Development and Regulation) Act 1957 should not be recovered from it. Keonjhar Joint Director said in the notice“On verification it has been noticed that you have produced 6,153,976 tonnes during 2020-21, which is 2,153,976 tonnes higher than approved lowest limit of environment clearance, mining plan and consent to operate,” said the

    Following a Supreme Court order, the company was allowed to resume mining operation in the Thakurani-B Iron Mines in January 2020. As per the environment clearance, the company was accorded permission to produce 4 million tonnes in a year.

    Source - Strategic Research Institute
  13. forum rang 10 voda 1 juni 2021 07:00
    Tata Steel CEO & MD Mr Narendran Takes Over as CII President

    Confederation of Indian Industry announced that Tata Steel’s CEO & MD Mr TV Narendran has taken over as president of CII for 2021-22 from Kotak Mahindra Bank Ltd MD & CEO Mr Uday Kotak, who has completed his term. Mr Narendran, an alumnus of Indian Institute of Management Calcutta, has been associated with the CII for many years. He was the chairman of CII eastern region during 2016-17 and has led the industry body’s national committees on leadership and human resources, besides being chairman of CII Jharkhand.

    CII also elected CMD of Bajaj Finserv Ltd Mr Sanjiv Bajaj as the president designate for 2021-22. Sanjiv was the chairman of CII western region during 2019-20 and has led the industry body’s national panels on Insurance and pensions and its taskforce on fintech. Mr Sanjiv is an alumnus of Harvard Business School and is a board member of Indian School of Business.

    CII also elected Hero MotoCorp Ltd chairman and chief executive officer Mr Pawan Munjal as vice president for 2021-22. He has been closely associated with the industry body for almost 30 years and has been the chairman of CII northern region during 1996-97.

    Source - Strategic Research Institute
  14. forum rang 10 voda 1 juni 2021 07:02
    Nippon McDonald JV Plant to Open on 10 June in Bangladesh

    Japan's Nippon Steel and Bangladesh's McDonald Steel Building Products joint venture Nippon-McDonald announced that its first factory would be opened on 10th June, 2021 at Bangabandhu Sheikh Mujib Shilpa Nagar industrial enclave in Mirsarai in Chattogram. The virtual opening ceremony is scheduled to be held on 10th June, 2021. The joint venture has invested approximately BDT 100 crore in the plant. The finished products from the plant will primarily serve the domestic pre fabrication industry. It expects sales of nearly $20 million in domestic market. Upon becoming fully operational, it may even export products to South Asian countries.

    However, its commercial production of galvanised and prefabricated steel sheets would take up to September to begin. The machinery was brought from Japan and China,

    The raw materials will come from China, Japan and other European countries and the finished product will be mainly used by the local pre-fabrication industry, including McDonald. The joint venture expects to make annual sales of USD 20 million in the local market and also plans to export to South Asian countries once it becomes fully operational.

    Source - Strategic Research Institute
  15. forum rang 10 voda 1 juni 2021 07:02
    YSRC MP Mr Vijayasai Urges to Rethink on RINL Privatization

    Express News Service reported that YSRC MP Mr V Vijayasai Reddy, seizing the opportunity at the virtual inauguration of the jumbo Covid care facility set up by RINL, requested Steel Minister Mr Dharmendra Pradhan to reconsider the decision to privatise RINL. Mr Vijayasai said “RINL has come to the rescue of people across the country by supplying liquid oxygen during second wave. He wondered whether the same would have been possible had RINL been under the private sector. The Centre should revisit the decision on VSP privatisation.”

    Minister for industries Mekapati Goutham Reddy also joined Vijayasai Reddy and requested the Union minister to rethink over the decision on the strategic sale of VSP. He said “RINL has won the hearts of people by supplying liquid medical oxygen thus saving several lives during pandemic.”

    Source - Strategic Research Institute
  16. forum rang 10 voda 1 juni 2021 07:03
    HC2 Holdings Buys Banker Steel

    HC2 Holdings Inc announced that it has acquired Lynchburg Verginia based Banker Steel Holdco LLC through its infrastructure arm, DBM Global. The other party to the buyout was Atlas Holdings LLC, which included Banker Steel Holdco in its portfolio. The transaction value was USD 145 million and the deal was announced by HC2 Holdings on Mar 15, 2021. The acquisition price of USD 145 million was settled by DBM Global through multiple means including USD 25 million in cash, USD 64.1 million from the new revolving credit/term loan facility, USD 6.3 million worth of Banker Steel’s assumed debt and USD 49.6 million of seller’s note.

    Banker Steel engages in providing fabricated structural steel as well as erection services in the industrial and commercial construction markets of the southeast and east coast regions. It has six operating companies and employees 1,500 people. As part of the purchase, Banker Steel’s six operating companies including Innovative Detailing and Engineering Solutions; Banker Steel Co LLC, Lynchburg Freight and Specialty LLC, NYC Constructors LLC, Derr & Isbell Construction LLC and Memco LLC are now part of DBM Global. At the end of April, Banker Steel’s backlog was USD 800 million.

    Based in Phoenix Arizona, DBM Global is a specialist in proving integrated steel-construction services as well as asset management solutions. It has business in various markets, including healthcare, industrial, transportation, commercial and others.

    Source - Strategic Research Institute
  17. forum rang 10 voda 1 juni 2021 07:04
    Stelco & Primobius to Build Li-Ion Battery Metals Recycling Plant

    Neometals Ltd Australia and SMS Group’s 50:50 joint venture Primobius for to recycling solution for end-of-life and scrap lithium-ion battery cells has now signed a memorandum of understanding with Stelco Inc Canada. Stelco is pursuing initiatives with major automobile producers to recycle end-of-life automobiles to recover valuable materials for re-use or re-sale. Recycling the lithium-ion batteries contained in electric vehicle automobiles is a major aspect within this value chain, which will become even more important in the future. Stelco is looking to partner with a party with lithium-ion battery capabilities for the purposes of establishing a battery recycling business in North America as part of its broader automobile recycling pursuits. The Primobius recycling process offers large-scale sustainable recycling that can drastically reduce the CO2 footprint of vehicle and cell makers.

    The MoU provides a framework towards establishing a 50:50 incorporated lithium-ion battery recycling joint venture in North America. Under the JV, Primobius would supply a dedicated recycling facility adjacent to Stelco’s proposed vehicle recycling operation, for operation by the JV partners with equal contribution of capital costs and sharing of financial returns.

    By entering into the MoU, Primobius and Stelco intend to share information, conduct due diligence, collaborate and build a business case for a long-term commercial relationship between the parties. The MoU contemplates the potential formation of a 50:50 incorporated JV to process battery cells arising primarily from scrap and end-of-life vehicles in North America.

    Primobius will supply and construct a recycling plant initially with a nominal 20,000 tons-per-year cell processing capacity for the JV while Stelco will arrange sufficient supply of battery cell feed to the plant. The JV and Stelco would actively plan for an expanded capacity operation to capture future increased quantities of cells if they become available.

    The facility will be modeled on Primobius’ proprietary refining process following the successful completion of the demonstration trials at its showcase facility. Primobius’ demonstration plant is currently being assembled in a dedicated warehouse at the SMS group manufacturing center in Hilchenbach, Germany.

    Source - Strategic Research Institute
  18. forum rang 10 voda 1 juni 2021 07:04
    Hoa Phat Acquires Roper Valley Iron Ore Mine in Australia

    Vietnamese steel maker Hoa Phat Group announced that it has acquired the Roper Valley iron ore mine project in Australia. The Australia’s Foreign Investment Review Board has approved the deal. The project is estimated to have 320 million tonnes of reserves, with mining capacity at four million tonnes per year.

    After a period of searching and preparing, Hoa Phat Group has firmly set its first step into the world largest iron ore supply market. It is continuing to research to invest in purchasing some other new iron mines in Australia to ensure a long-term supply of at least 50% of its iron ore demand equivalent to 10 million tonnes a year.

    Source - Strategic Research Institute
  19. forum rang 10 voda 1 juni 2021 07:05
    Kobelco Millcon Upbeat on Steel Demand from Thai Automakers

    The Bangkok Post reported that Thai Millcon Steel Plc and Japanese Kobe Steel Co joint venture Kobelco Millcon is increasing its supply of premium steel to 12,000 tonnes from 10,000 tonnes a month to meet growing domestic steel demand driven by the automotive industry and aims to increase its production of premium steel to 15,000 tonnes a month within the next two to three years in order to supply products to Japanese automakers.

    According to the Federation of Thai Industries, Thai automotive industry experienced significant growth in April with car production increasing by 322% year-on-year to 104,355 units. Domestic car sales increased by 93.1% year-on-year to 58,132 units while car exports increased by 160.16% year-on-year to 52,880 units. FTI earlier set a target of 1.5 million car units produced in 2021, an increase of 5.12% from 1.41 million units last year. However, the FTI's automotive club remains undecided on whether to adjust the production target due to the impact of the global semiconductor shortage and the third wave of the pandemic in Thailand.

    The company has factories in Rayong and Bangkok with a total capacity of 400,000 tonnes per year. They supply premium steel and high-quality wire rod steel to car and home appliance industries as well as new targeted industries under the Eastern Economic Corridor scheme.

    Source - Strategic Research Institute
  20. forum rang 10 voda 1 juni 2021 07:07
    Novelis Aluminium Body Sheet for Nissan Qashqai SUV

    Leader in aluminium rolling and recycling Novelis announced that it will supply Nissan with sustainable, lightweight aluminium body sheet for the all new Qashqai SUV and create a closed-loop recycling system in Europe. The Nissan Qashqai, a best-selling SUV in the C-segment, will incorporate Novelis aluminium in the hood and doors to reduce weight and increase fuel efficiency. Through Novelis' global Customer Solution Center network, engineers have proven to automakers that lightweighting with aluminium doors and hoods are a cost-effective way to reduce weight.

    By using aluminium, the Qashqai has achieved 21kg of the total 60kg of body-in-white weight savings compared to the previous model. This demonstrates the growing trend by many major automakers to increase aluminium adoption in smaller vehicle segments and high volume production models.

    Novelis and Nissan are also committed to achieving a more sustainable manufacturing process by establishing a closed-loop recycling system. Working together, Novelis will deliver aluminum material from its plant in Nachterstedt, Germany to Nissan's car plant in Sunderland UK, where it will then collect the manufacturing scrap and return it to Novelis recycling centers in Europe to be cast and rolled again for production by Nissan. This process creates a circular supply chain that helps both companies achieve their sustainability goals.

    Source - Strategic Research Institute
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