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UK steel scrap exports to India slump but other destinations may step in
UK export volumes of steel scrap to India have fallen in the current quarter, although sources in the British scrap industry said that other destinations should be able to take up the excess, Fastmarkets heard on Wednesday September 25.
September 27, 2024
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By Declan Conway, Aameer Sayed
Insights
China electrical steel poised for green boost, but experts warn against overcapacity
Chinese steelmakers are strengthening their position as global leaders in electrical steel after China's introduction of new motor efficiency standards, but experts have warned that supply may soon outpace demand and that overcapacity in high-end electrical steel products could generate downward pressure on prices.
September 20, 2024
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By Sam Li Xiaoyu
Insights
China to boost liquidity in carbon emission trading system
China is working ways to boost the national carbon trading market liquidity by including more industrial firms from the steel, cement and electrolytic aluminum sectors to participate, as well as restarting the voluntary greenhouse gas (GHG) emissions reduction trading, sources told Fastmarkets.
September 20, 2024
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By Zihuan Pan, Alice Li, the Fastmarkets team
Insights
What Trump, Harris policies could mean for steel in the US
Here are some ways their proposed policies are aligned or differ when it comes to steel: Aligned: Both candidates support domestically-made steel Harris and Trump are both cognizant of the critical role of the steel industry in the US’ national security, infrastructure and energy industry, Kevin Dempsey, president and chief executive officer of the American […]
September 19, 2024
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By Alesha Alkaff
Insights
Chile launches economic strengthening plan in wake of steelmaker Huachipato closure
The Chilean Ministry of Economy released a strengthening plan to reverse — in the short and medium term — the reduction in jobs and the decline in industrial infrastructure and steel production due to the closure of the country's largest steel mill, Compañía Siderúrgica Huachipato, which officially ceased operations on Monday September 16.
September 19, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Five factors that could accelerate or decelerate the adoption of a green steel premium in the US: LME Week
According to our survey of the US steel market, almost half of respondents believe it will take more than 18 months for a green steel premium to be collected in the US – here we explore the factors that could influence the speed of adoption
September 18, 2024
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By the Fastmarkets team
Insights
Four reasons why China faces an unparalleled steel crisis
Bearishness lingers in China’s ferrous market despite price rises seen for some steel products in recent days, market participants told Fastmarkets in the week to Wednesday September 11
September 16, 2024
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By Jessica Zong, Tina Tong, Jessica Long, the Fastmarkets team
Insights
Colombian steelmakers condition construction of new flat steel plant on adoption of trade defenses
Colombian steelmakers conditioned the viability of building the country's first flat steel plant on the adoption of trade defense measures against imports, the companies said on Friday, September 6.
September 11, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Green steel premiums not enough to offset technology costs in the short term: China Steel Congress
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.
September 5, 2024
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By Zihuan Pan
Insights
US scrap trends outlook: September 2024
Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our September survey
September 5, 2024
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By the Fastmarkets team
Insights
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