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Mercedes plots CO2-free steel future


Mercedes is looking for sustainability down its supply chain - sheet steel for the vehicle body is a big item
Mercedes-Benz AG says it is the first car manufacturer to take an equity stake in Swedish start-up H2 Green Steel (H2GS) as a way to introduce CO2 free steel into series production.
Together with its steel suppliers, Mercedes says it is retooling its supply chain to focus on the prevention and reduction of CO2 emissions rather than compensation. The partnership with HSGS is another step towards CO2 neutrality, which Mercedes-Benz is pursuing as part of Ambition 2039, its goal to achieve a fully connected and CO2 neutral vehicle fleet in 2039 - eleven years earlier than the EU legislation requires. ....

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Covid death: Companies continue pay, support kids' education


Covid death: Companies continue pay, support kids’ education
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Covid death: Companies continue pay, support kids’ education
Reeba Zachariah / TNN / Updated: May 25, 2021, 09:23 IST
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MUMBAI: From Tata Steel to Bajaj Auto to Tech Mahindra, more companies have rolled out a Covid support policy for families of employees claimed by the infection. India’s largest metal producer Tata Steel announced that it will continue to pay salary to the deceased employee’s family till the retirement age of 60 years.
The salary will be the same as his last compensation which he drew before his demise. Along with the salary, it will offer medical benefits, housing facilities and bear all educational expenses of the deceased employee’s children till their graduation in India. ....

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China to strengthen commodity price controls in five-year plan


By Reuters Staff
3 Min Read
BEIJING (Reuters) -China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
FILE PHOTO: An employee monitors molten iron being poured into a container at a steel plant in Hefei, Anhui province September 9, 2013. REUTERS/Stringer
The country will also step up monitoring and analysis of commodity prices such as crude oil, natural gas and soybean, the National Development and Reform Commission (NDRC) said in a statement.
“(Local governments) should study and judge the import impact in depth, promptly make suggestions. (on matters) such as reserves, import and export, fiscal and taxation, and financial adjustment measures,” the statement said. ....

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