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China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at a recent industry conference.
April 5, 2024
·
By Zihuan Pan
Insights
US steel industry applauds Department of Energy’s $6 bln decarbonization investment
This initiative marks a significant step towards reducing industrial greenhouse gas emissions and championing the US in the global decarbonization effort
March 28, 2024
·
By Alesha Alkaff
Insights
Green steel blooms in Malaysia, but new moratorium could make or break it
The green steel supply chain is gradually starting up in Malaysia, largely due to stricter decarbonization-related government policies, sources said in the week to Monday March 25. One of these policies is a two-year moratorium on all expansion and diversification of manufacturing activities in the iron and steel industry
March 27, 2024
·
By Nabilah Awang
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at an industry conference on Friday March 22
March 26, 2024
·
By Zihuan Pan
Insights
Billions to flow from US government into metals; energy key | Hotter Commodities
The US could get a new primary aluminium smelter, investments in copper recycling and projects to decarbonize iron and steelmaking as part of a $6 billion government package announced on Monday, March 25
March 25, 2024
·
By Andrea Hotter
Insights
Mercedes-Benz inks green steel supply deal with Nucor
Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20
March 20, 2024
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By Mark Burgess
Insights
Colombian steelmakers join Latin American pushback against long steel imports
Steelmakers in Colombia have called on their government to follow in the footsteps of Mexico and Brazil and significantly increase import duties to curtail arrivals of wire rod from China and elsewhere
March 20, 2024
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By Gabriela Brumatti
Insights
Opposition to US Steel, Nippon deal growing; Biden says US ownership ‘vital’
Nippon Steel's proposed $14.9-billion purchase of US Steel (USS) could face additional challenges, with US President Joe Biden publicly cementing his opposition to the already heavily criticized deal
March 18, 2024
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By Alesha Alkaff
Insights
Steel industry supports legislation cracking down on Mexican imports
The United States steel industry lauded the most recent legislation introduced in Congress to clamp down on the surge of Mexican steel imports, which represents a bipartisan bid to the Biden Administration to hold Mexico accountable for the surge in steel imports, sources told Fastmarkets on Tuesday March 12.
March 18, 2024
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By Alesha Alkaff
Insights
Weak demand drives slump in UK steel scrap monthly prices
Weak demand in both the UK domestic and export steel scrap markets has created a glut of supply and brought a raft of cheaper offer prices into British steelmakers for monthly delivery settlements in March, trade sources told Fastmarkets in the week ended Tuesday March 12
March 13, 2024
·
By Declan Conway
Insights
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