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Fastmarkets launches European green steel prices to bring transparency to industry’s drive to decarbonization
Read more about our suite of green steel benchmarks that will assess the price differential against traditional flat steel prices
June 8, 2023
·
By Yolande Peters
Insights
Russia’s blowing up of hydroelectric power plant in Nova Kakhovka impacts steel business in Ukraine
The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets
June 6, 2023
·
By the Fastmarkets team, Julia Bolotova, Vlada Novokreshchenova, Marina Shulga
Insights
Metallurgical coal outlook dims even as demand dwindles in India, China
The outlook for prime hard metallurgical coal is dim, even as demand dwindles in key end user markets China and India
May 17, 2023
·
By Paul Lim, Olivia Zhang
Insights
Ukraine has potential to become primary DRI supplier to Europe, Metinvest CEO says
Yuriy Ryzhenkov, the chief executive officer of Metinvest Group, addressed Ukraine’s role in the future of the European steel industry, indicating that the country has the potential to become a primary supplier of direct-reduced iron (DRI) to Europe, Fastmarkets heard at Made in Steel in Milano
May 15, 2023
·
By Julia Bolotova
Insights
Decarbonization policy, carbon emissions alignment at forefront of AISTech 2023
An overarching theme of decarbonization was on display at the Association for Iron and Steel Technology’s AISTech conference in Detroit, Michigan, among US steel industry leaders in May
May 15, 2023
·
By Alesha Alkaff
Insights
TSR aims to boost low-carbon steelmaking in EU with new high-grade scrap
Major German recycler TSR aims to supercharge scrap consumption in Europe with a high-grade scrap designed to make high-quality flat steel for sectors such as automotive, a company official told Fastmarkets on Friday April 28
May 10, 2023
·
By Lee Allen
Insights
Amendment to frequency of Fastmarkets’ China steel billet import price assessment
After a 30-day consultation, Fastmarkets will amend the frequency of its price assessment for China steel billet imports from weekly to fortnightly due to the low liquidity observed in the import market.
May 4, 2023
·
By Jessica Zong
Insights
‘Sliding scale’ approach to measuring, reporting steel carbon emissions allows for greenwashing
The Global Steel Climate Council (GSCC) is challenging the “sliding scale” method used by steelmakers to measure and report steel carbon emissions and unveiling its own global standard
April 28, 2023
·
By Alesha Alkaff
Insights
US Steel’s InduX NOES to target growing EV sector
US Steel (USS) will use its upcoming non-grain-oriented electrical steel (NOES) line at Big River Steel in Osceola, Arkansas, to produce a line of thinner electrical steel the company has branded InduX
April 25, 2023
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By Zach Miller
Insights
Power price hike forces Taiwan steel mills to plan sharp cut in summer production
Steelmakers in Taiwan are planning for severe production cuts this summer amid a surge in electricity costs starting in April, coupled with dismal steel demand in the spot market, sources have told Fastmarkets
April 25, 2023
·
By Tianran Zhao
Insights
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