9,078.43 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
62.41 USD Fossil Oil Fossil Oil
40.43 USD Silver Silver
4.69 USD Copper Copper
99.25 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,035.64 TRY Gold (gr) Gold (gr)

Oman's groundbreaking venture

Oman is poised to make history in the steel industry with the ambitious launch of Vulcan Green Steel in Duqm.

Oman's groundbreaking venture

Oman is poised to make history in the steel industry with the ambitious launch of Vulcan Green Steel in Duqm, a groundbreaking initiative by Jindal Steel Group. This aligns with Oman's commitment to achieve Net Zero Emissions by 2050 and establishes the country as a pioneer in green steel production. Expected to be completed by 2026, this mega project in Duqm's Special Economic Zone will create a 6 MTPA green hydrogen-ready steel plant, saving an impressive 12 million tonnes of CO2 annually. It's a significant step in the fight against climate change, heralding a new era of large-scale green steel production, powered solely by renewable energy and green hydrogen. This is set to be one of the biggest green steel investments in the Gulf Cooperation Council, sparking global anticipation and excitement.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kocaer Steel broke production record in April

Friday, May 2, 2025

Project Qatar 2025 opens its doors for the 21st time

Friday, May 2, 2025

Partial recovery observed in UAE scrap market

Friday, May 2, 2025

GBP 94 million spent on nationalization of British Steel

Friday, May 2, 2025

The countdown has started for Made in Steel 2025

Friday, May 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now