The circular economy concept has gained significant attention globally as a sustainable approach to resource management. In Indonesia, the steel industry plays a crucial role in fostering circularity and contributing to a more sustainable future. According to a BIS Research study, the global market for… Read More »The Role of Steel in Advancing the Circular Economy in Indonesia
As steel-consuming sectors recover, global steel inventory levels have tightened, leading steelmakers to restart production that was halted during the pandemic. The recovery is expected to continue, the World Steel Association has projected that global steel demand in 2024 will grow at least 1.7 percent… Read More »The Future of Sustainable Industry Through Steel
The digitalization of the steel industry is revolutionizing the way steel is produced, processed, and consumed. By using data and digital technologies, steelmakers can optimize their operations, reduce costs, and improve product quality and efficiency. One of the key benefits of digitalization in the steel… Read More »The Digitalization of Steel Industry
Welcoming the new year of 2023, the International Monetary Fund (IMF) predicts global growth will slow to 2.7% next year. This condition might be affected by several ongoing issues such as trade tension between US-China, geopolitical conflicts between Russia-Ukraine, and the possibility of Covid-19 resurgence or other new global health concerns.
Steel decarbonization can be done by replacing fossil fuels in production and recycling the materials. Green hydrogen appears as the future of production methods in steelmaking industries that will help reduce CO2 emissions by approximately 95 percent.
The government of Indonesia has declared its commitment to reducing carbon emissions by 29% with its efforts, 41% with international support in 2030, and sets a Net Zero Emission target in 2060.
Sustainability, specifically environmental sustainability, is the topmost priority for both consumers and businesses around the world. Governments are setting stricter compliance standards, consumers are making more informed purchasing decisions and the economy is shifting towards sustainability and decarbonisation. Climate change is on the top list… Read More »ESG: Sustainability Trends of 2022
Steel trading companies, like Gunung Prisma, are integral in the steel industry. These companies have partnerships with steel mills within the region, buying and storing steel and then distributing it to wholesalers and retailers. Gunung Prisma also uses these partnerships to offer low-carbon footprint steel… Read More »Steel Trading Companies: Supporting Businesses with International Partnerships
When it comes down to determining the economic and social impact an industry has, it is often measured by the gross value it contributes, and the number of individuals that work in the relevant fields. Given the vastness of the steel industry, it is important… Read More »World of Steel: Economic & Social Impact of the Steel Industry
Our modern world is heavily reliant on steel. One of the most significant building materials, it is utilised in the making of everything from complex machinery like turbines to simple tools such as cutlery. Inherently possessing valuable properties, steel’s durability, longevity, and versatility make it… Read More »What is Green Steel & Why it’s the Next Big Thing in Sustainable Manufacturing