Fastmarkets looked at the 'green' steel key milestones, opportunities and challenges the European industry is facing

An ongoing European energy crisis and growing fears of a looming economic recession have US steel producers considering what role they may play in an unstable steel demand outlook

The energy crisis roiling Europe as a result of Russia’s invasion of Ukraine is expected to last longer than the coming winter, although efforts to secure alternative supplies are expected to eventually prove fruitful

US steel scrap prices are experiencing historic highs — but as the market stabilizes, will the spread between busheling over shredded continue to widen beyond historical averages in 2023?

Rebar prices have maintained historically high spreads over those of shredded scrap — the steel product’s key feedstock — in 2022 due largely to robust end-use demand, but that gap is expected to narrow in 2023, according to Fastmarkets analysts

The United States ferrous scrap market remains depressed with some sellers no longer holding out hope that a bottom is near

Buyers in the long steel sector cannot purchase green steel products and remain competitive unless their usage is written into legislation, sources told Fastmarkets on Friday October 7

Brazilian iron ore producer Vale signed a memorandum of understanding (MoU) with Germany-headquartered steel group Stahl-Holding-Saar (SHS) to seek carbon-neutral steelmaking solutions, the miner said on Thursday October 6

The premium for direct-reduced (DR) iron ore pellet for shipment in October-December has dropped, mainly on oversupply, sources said in late September

German industrial group Thyssenkrupp has signed an agreement with automotive parts supplier Mubea for low-carbon steel deliveries from 2026