The willingness among steel consumers to pay premiums for ‘green’ products was not enough to offset the extra cost of the technology transition in the short term, according to Dr Karel Eloot, senior partner in the global materials insights department of management consultant McKinsey & Co.

Nippon Steel doubled down on its promised billion-dollar-plus capex investment promise to US Steel on Wednesday August 28, drawing the ire of the United Steel Workers (USW) labor union..

Brazil’s adoption earlier this year of trade defense strategies to manage the acquisition of imported steel prompted local traders and importers to look into adding boron to some materials, so as to avoid extra tariffs, domestic sources have told Fastmarkets.

Fastmarkets has discontinued its weekly price assessment for MB-IRO-0001 pig iron export, fob main port Baltic Sea, CIS on Wednesday August 21.

The US news cycle was set alight exactly a year ago on a Sunday afternoon when US Steel, an iconic century-old institution, announced it was for sale

Green steel premiums in the US are off to a slow start, compared to the figures mills are collecting in Europe and Asia

The Brazilian steel industry called for trade defense measures and integrated action in Latin America to try to contain the advancement of Chinese-origin material before moving on to more complex projects such as decarbonization, key industry market participants said at the 2024 Brazilian Steel Conference

The green revolution is creating a surge in demand for electrical steel, a key component in both electric vehicles (EVs) and new home appliances

Global commodities giant Glencore has announced its decision to retain its coal and carbon steel materials business, abandoning earlier plans for a demerger

Rapidly increasing export volumes of Chinese steel sold at lower prices are significantly lowering sentiment across key global ferrous markets, trade sources told Fastmarkets the week to Thursday August 1