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    • Steel producer
      Three reasons why Chinese steelmakers are trapped in a prisoner’s dilemma
      While daily crude steel production stood at 2 million tonnes in mid-October, a 1.25% decrease from the previous year according to data published by China’s Iron and Steel Association (CISA), overall production has remained relatively firm following a strong first half of 2023. With no clear indications of a rebound in downstream steel prices in […]
      November 7, 2023
       · 
      By Norman Fong
      Insights
    • NANO Energy looks to mining as key market for microreactors
      NANO has targeted remote mining operations run by diesel fuel in locations where the logistics of providing a constant source of fuel “may be a challenge,” the CEO said. The company’s microreactors could also expand mining opportunities to more new locations. “It can make thousands of potential mines economic and come online, whereas before, they […]
      November 7, 2023
       · 
      By Robert England
      Insights
    • Outdoors, Nature, Land
      Reinvestment in coal-based steel production ‘fundamentally incompatible’ with achieving climate target: SteelWatch
      Steel producers reinvesting in coal-based steelmaking are potentially locking in millions of tonnes more carbon dioxide emissions
      October 30, 2023
       · 
      By Alesha Alkaff
      Insights
    • Steel producer
      Brazilian steel end users criticize import duties increase request, warning of possible high costs
      Brazilian capital goods, construction and steel packaging industry groups are against a request from steel mills for the country to raise its steel import duties to 25%, already predicting rising costs in each sector if an increase is greenlit
      October 24, 2023
       · 
      By Gabriela Brumatti
      Insights
    • Green steel panel | Five key questions answered by experts: LME Week
      Under the European Green Deal, the European Commission proposed a new EU target to reduce greenhouse gas emissions by at least 55% by 2030, compared with the levels emitted in 1990
      October 13, 2023
       · 
      By the Fastmarkets team, Julia Bolotova, Janie Davies
      Insights
    • Steel industry weighs the costs as CBAM transition period begins
      Steel market participants gathered at the Nordics regional meeting of steel distributors’ association Eurometal in Copenhagen, Denmark on Thursday October 5, where key discussion topics were how the EU’s Carbon Border Adjustment Mechanism (CBAM) will operate and the risks importers face once it reaches final implementation
      October 13, 2023
       · 
      By Julia Bolotova
      Insights
    • Green steel, decarbonization drive, CBAM: key takeaways from Eurometal’s Nordics meeting
      Key talking points from the Nordics regional meeting of steel distributors’ association Eurometal, held in Copenhagen, Denmark, on Thursday October 5
      October 12, 2023
       · 
      By Julia Bolotova
      Insights
    • Indian infrastructural initiatives mark country as rising hotbed of ferrous scrap demand
      With increasing volumes of shredded scrap being exported from the US West Coast, Fastmarkets is launching a shredded scrap export index to balance its ferrous scrap exports offering from the US East and West Coasts
      October 11, 2023
       · 
      By Amy Hinton
      Insights
    • Currency volatility looms large over alloys, steel markets: LME Week
      Volatility in key currencies has been at the forefront of the minds of many steel and ferro-alloys producers, traders and buyers in 2023
      October 9, 2023
       · 
      By the Fastmarkets team, Cem Turken, Janie Davies, Serife Durmus, Claire Patel-Campbell, Holly Chant
      Insights
    • Rising freight costs causing headaches for metal firms again, but for how long? LME Week
      Amid recent headlines about volatile bunker prices, rampant port congestion and a jump in ocean freight costs, metal market participants might be forgiven for thinking they have returned to 2021
      October 5, 2023
       · 
      By the Fastmarkets team, Lee Allen, Holly Chant
      Insights
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