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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
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
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By Alesha Alkaff
Insights
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
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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
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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
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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
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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
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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
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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
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By the Fastmarkets team, Lee Allen, Holly Chant
Insights
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