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Tata’s Port Talbot steel BFs to shut down regardless of UK election result, company says
Tata Steel intends to continue with plans to close its blast furnaces at the Port Talbot Steelworks in Wales, and called for both of the UK’s major political parties to adhere to the terms of its plan to develop a lower-emissions electric-arc furnace-based steelmaking plant on the site, the firm said on Tuesday June 11
June 12, 2024
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By Lee Allen, Darina Kahramanova
Insights
China’s ‘special action plan for carbon reduction’ likely to shrink demand for traditional steelmaking raw materials
A “special action plan for carbon reduction” unveiled by China's National Development & Reform Commission (NDRC) will reduce the need for coking coal and iron ore by focusing on upgrading existing equipment and the switch to electric-arc furnaces, sources told Fastmarkets this week
June 12, 2024
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By Bella Cheng
Insights
The green steel race against time is on
Fastmarkets forecasts that global steel production will grow at an average annual rate of 1.4% through the end of the decade so ‘green’ steel production methods need to keep pace
June 5, 2024
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By Miriam Falk
Insights
Clean, lean US steel sector hunts for green steel premium
The US steel industry’s preponderance of electric-arc furnace (EAF) capacity may be a double-edged sword when it comes to collecting green steel premiums, market sources have told Fastmarkets
May 21, 2024
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By Daniel Hilliard
Insights
Green steel transition in focus: Key takeaways from Eurometal Steel Day in Zurich
Key talking points from the meeting of steel distributors’ association Eurometal, held in Zurich, Switzerland, on Thursday May 16
May 17, 2024
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By Julia Bolotova
Insights
Decarbonization in the steel industry creating two-tiered iron ore market
The iron ore market is expected to diverge into two segments in line with the steelmaking industry’s march toward reducing carbon emissions, Fastmarkets learned at the 2024 Singapore Iron Ore Forum (SIOF) on Tuesday May 7
May 10, 2024
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By Norman Fong
Insights
Steel scrap to play key role in decarbonizing South Korean shipping sector
Ferrous scrap could serve as a linchpin in decarbonizing both the steel and shipping sectors in South Korea, particularly in the short term, while waiting for emerging technologies such as hydrogen-based direct-reduced iron to be commercialized, Fastmarkets heard at a seminar on green steel and circularity
April 29, 2024
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By Carman Chew
Insights
China’s new 2027 “green construction” target to boost domestic steel decarbonization
China's National Development and Reform Commission (NDRC) has set a target for the building of green and low-carbon high quality buildings from 2027 to make significant improvements in energy-saving and carbon emission reduction in the construction sector, it said in a notice on Friday March 15 2024
March 25, 2024
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By the Fastmarkets team, Alice Li, Jessica Zong
Insights
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
Western governments are increasingly implementing policies to protect their local metal-producing industries from rival products made in the developing world, but how should eastern lawmakers and companies respond to these moves?
March 22, 2024
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By the Fastmarkets team, Lee Allen, Aameer Sayed
Insights
Mercedes-Benz inks green steel supply deal with Nucor
Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20
March 20, 2024
·
By Mark Burgess
Insights
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