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Using low-carbon steel demand to push steel mills’ decarbonization moves: IIO 2024
A low-carbon world will still need steel that can satisfy the diverse demands of a variety of downstream sectors, Frederik Leus, of ArcelorMittal’s Xcarb Business Development section, said in an address to Fastmarkets’ International Iron Ore and Green Steel Summit, being held in Vienna, Austria, on June 25
June 26, 2024
·
By Alice Li
Insights
Mexico’s Deacero to add to green steel portfolio with new plant
The June construction startup of a new steel plant in Deacero's complex in Ramos Arizpe, in the northeastern Mexican state of Coahuila, will position the company to meet future demand for lower-carbon steel nationally and abroad, a Fastmarkets analyst said on Monday June 17
June 18, 2024
·
By Renzo Pipoli
Insights
Worsening weather disruptions drive increasing Galvalume adoption in roofing industry
Extreme weather phenomenon, including catastrophic hurricanes, is driving increasing adoption of metal roofing and therefore Galvalume, market participants said during a trade show in Florida
June 14, 2024
·
By Rijuta Dey
Insights
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
·
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
Biden hikes tariffs on Chinese imports; steel, aluminium, electric vehicles among sectors targeted
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
May 17, 2024
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By Alesha Alkaff
Insights
Canacero denies risk of steel shortage due to Mexican steel import tariffs increase
Mexico's recent increase in steel import tariffs to 25-35% won't cause shortages in the supply chain, with the market expected to be fed by imports from partner countries and growing local capacity, Mexican steel association Canacero told Fastmarkets on Wednesday May 15
May 16, 2024
·
By Gabriela Brumatti
Insights
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