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Oman’s Jindal Shadeed will invest over $3 bln in green steel plant
Oman-based long products steelmaker Jindal Shadeed Iron & Steel Oman plans to invest more than $3 billion to build a green steel plant in Oman, the company said on Sunday December 4
December 5, 2022
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By Serife Durmus
Insights
December US ferrous scrap market facing dealer resistance
The domestic US ferrous scrap market has been slow to develop, with resilient sellers holding out for better offers
December 5, 2022
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By Lisa Gordon
Insights
Pipe, mechanical tube prices continue to soften
Prices for standard pipe and mechanical tube in the United States continued to fall in November, but market participants are hoping that a recent uptick in hot-rolled coil prices will signal an end to the downturn
November 30, 2022
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By Mark Burgess
Insights
Brazil’s Gerdau to invest $277mln into solar-, wind-powered steelmaking
Brazil-based Gerdau will invest up to 1.5 billion Reais ($277 million) in solar and wind power projects by acquiring a third of energy generation and commercialization company Newave Energia, advancing its decarbonization goals, the steelmaker said on Friday November 25
November 28, 2022
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By Renato Rostás
Insights
Baosteel to supply green steel for Beijing Benz from 2023
Baoshan Iron & Steel (Baosteel) will begin to supply steel made with sharply reduced carbon emissions to Beijing Benz Automotive (BBAC) from next year, the Chinese steel giant said on Tuesday November 22
November 22, 2022
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By Zihuan Pan
Insights
Steel decarbonization efforts need more alignment, experts say
Aligning various methodologies of calculating and reporting greenhouse gas (GHG) emissions in the steelmaking process has become a challenge in the push towards decarbonization of the industry, but there’s demand for aligning it
November 21, 2022
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By Alesha Alkaff
Insights
Steelmakers call for common standard to meet emissions goals
To achieve a decarbonized steel industry by 2050 and meet consumer demand for “green” steel products, an international group of steelmakers has urged the United States and EU to adopt a global emission standard to support the transition to low-emission steel
November 21, 2022
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By Mark Burgess
Insights
CMC’s Barbara Smith answers seven questions on the US steel scrap market
The steel scrap market is undergoing a monumental shift as the pull of decarbonization, growing market consolidation and supply shortages propel steel scrap into 'hot' commodity status
November 16, 2022
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Insights
COP27 produces plans for more support for green steel, hydrogen energy transition
Governments of countries which are responsible for half of the global gross domestic product (GDP) outlined new targets for the previously agreed Breakthrough Agenda, a 12-month action plan to accelerate the drive toward decarbonization, delegates heard on Friday November 11 at the United Nations’ COP27 climate change conference in Egypt
November 15, 2022
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By India-Inés Levy
Insights
8 global scrap metal prices to watch
Fastmarkets experts share a unique visual snapshot of the ever-changing global scrap markets in 8 scrap metal price charts
November 14, 2022
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Insights
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