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Steel scrap and the big squeeze
US sustainable steelmaking will need at least 10.4 million short tons of scrap per year by 2024. With supply tightening, could a new commodity supercycle be on the horizon?
July 20, 2022
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Insights
The death of steel in automotive – fact or fiction?
At this year’s Steel Success Strategies conference in Miami, the expert steel automotive panel delved into the risks and opportunities facing steel in automotive production
July 15, 2022
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By Kimberly Leppold
Insights
Prime scrap deficit forces US steel mills to change tack
US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production
July 11, 2022
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By Lisa Gordon
Insights
ResponsibleSteel to introduce global steel certification
ResponsibleSteel, a third-party global provider of sustainability standards and certifications, is working on a steel certificate that should be ready in the next two to three months, marking the next step in a standardized benchmark for sustainable steelmaking
July 1, 2022
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By Rijuta Dey
Insights
China’s steel decarbonization journey could be long, challenging
China is working toward decarbonizing its steel industry – which accounts for around 15% of total emissions from the Chinese manufacturing sector. But several market participants believe that the road to decarbonization will be a long one
July 1, 2022
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By Alex Theo
Insights
5 things we learned at Fastmarkets’ Steel Success Strategies
Attendees of Fastmarkets' 37th annual Steel Success Strategies conference - June 5-7 in Miami Beach, Florida - discussed an array of topics, from short-term trends to long-term ambitions to make the industry green. Here are five key takeaways
June 21, 2022
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By Alesha Alkaff
Insights
Prospects improving for green steel premium: distributors
Willingness to pay for steel that advances decarbonization and sustainability goals is gaining ground, suggesting that premium pricing for green steel could be implemented and marking a turnaround from views in the recent past, according to leading service center executives
June 12, 2022
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By Robert England
Insights
‘Green steel’ premiums to become commonplace within the next decade
Additional premiums for low-carbon ‘green steel’ are still a niche market, but will they become the norm in the next three-to-10 years? The answer is yes, according to the expert panelists at Fastmarkets’ International Iron Ore conference in Düsseldorf, Germany, in early June
June 9, 2022
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Insights
Optimization software cuts steelmakers’ costs, carbon: Fero Labs
Steel producers in the United States are using optimization software to cut costs for raw materials, reduce quality issues and meet sustainability targets, according to Berk Birand, co-founder and chief executive officer of Fero Labs
June 8, 2022
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By Grace Asenov
Insights
Automotive industry will accept green steel premium: steel leaders
The automotive industry is ready for a green steel premium, steel industry leaders said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, noting that end users will have to bear that cost
June 6, 2022
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By Alesha Alkaff
Insights
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