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US steel industry well-equipped to meet demand surge from Inflation Reduction Act, CHIPS Act: sources
The steel industry is well-equipped to meet the demand generated by the Inflation Reduction Act (IRA) and the CHIPS and Science Act (CHIPS Act), experts told Fastmarkets on the one-year anniversary of the legislations
August 16, 2023
·
By Alesha Alkaff
Insights
US electrical steel demand to outpace supply: Kloeckner CEO
The demand for electrical steel in the US will outpace the supply of the material, which is currently facing a shortage due to a lack of domestic producers of the value-added steel, the top executive of Kloeckner Metals Corporation (KMC) told Fastmarkets
August 9, 2023
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By Alesha Alkaff
Insights
GSCC launches new ‘green steel’ standard amid growing ‘Buy Clean’ divide
The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon,” just as the US government, ready with billions of infrastructure spending to deploy, is deciding exactly what “low carbon” means
August 9, 2023
·
By Jason Smith
Insights
European green steel premiums little changed; deals remain sporadic
European green steel premiums were little changed in the past week, with demand remaining slow because original equipment manufacturers (OEMs) feel no pressure to “go green” yet, sources told Fastmarkets on Thursday August 3
August 4, 2023
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By Julia Bolotova
Insights
China’s new stimulus gets tepid response from steel sector
China's latest consumption-focused stimulus attempts to drive downstream demand for steel products, but reception in the steelmaking industry has been lukewarm, sources in China told Fastmarkets
August 3, 2023
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By the Fastmarkets team, Jessica Zong, Alice Li, Norman Fong, Jessica Long
Insights
Uncertainty over China’s crude steel production cuts further depress iron ore prices
Seaborne iron ore prices fell further on Friday, July 28 due to more concerns for crude steel production cuts in China
July 31, 2023
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By Alice Li
Insights
Spotlight on sulfate: More focus on manganese sulfate pricing on battery sector growth
Much of the focus in the manganese sulfate market is now on the development of a supply chain outside of China, Fastmarkets understands
July 26, 2023
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By Callum Perry
Insights
Japan’s steel decarbonization drive forecast to slash scrap exports, raise imports
Dramatic changes are expected in the Japanese steel industry in the run-up to 2030, with exports of ferrous scrap expected to fall and local use of the material to soar amid the transition away from traditional blast furnace (BF) technology toward greater electric-arc furnace (EAF) capacity
July 25, 2023
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By Lee Allen
Insights
China’s anode market tilts toward synthetic graphite amid supply shake-up
The anode market has increasingly shifted focus to synthetic graphite from natural material in response to increased capacity and changing feedstock in China, which dominates the global market. And in response Fastmarkets will start to price assess petroleum needle coke and green petroleum coke on an ex-works China basis
July 24, 2023
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By the Fastmarkets team, Jon Stibbs, Sybil Pan
Insights
ArcelorMittal starts production of low carbon heavy steel plate in Spain
Leading European steelmaker ArcelorMittal has expanded its range of low carbon steel products, responding to increasing demand for carbon-reduced steel in Europe, Fastmarkets heard on Wednesday July 19
July 20, 2023
·
By Julia Bolotova
Insights
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