Tag «cutting»

Sweden’s LKAB excels in cutting carbon emissions

Iron ore from Swedish producer LKAB is of unusual quality. It is very pure, fostering highly efficient steel production that minimizes greenhouse gas emissions from the mine to the final production of steel, an independent analysis shows. For LKAB, a move toward sustainable steel production is a competitive advantage. “This gives us a head start …

Stemcor cutting headcount across core business by 25%

Stemcor is reducing headcount across its “core trading and distribution businesses” by 25% as it aims to pay down its $1.2 billion debt, a spokesman for the London-based trading company confirmed Thursday. “This is commensurate with lower revenues that will follow as a result of our efforts to streamline the business to focus on high …