Fastmarkets heard from green steel producers, buyers and stakeholders at the annual Climate Week NYC event, held from September 22 to September 29

European steelmakers are committed to the decarbonization of the industry and are shifting to more environmentally friendly ways of working, despite the recent economic downturn making it more challenging to charge a premium for “green” steel, sources told Fastmarkets.

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Turkish steelmakers have continued to invest in solar-power plants over recent months in search of greener steel production methods, Fastmarkets has heard.

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.

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.

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.

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 […]

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.

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