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Gulf states entering ‘golden age of steel’ – MEIS 2022
The Gulf states are entering a “golden age” for steelmaking and Gulf Cooperation Council (GCC) countries aim to be at the forefront of the global drive to “green steel,” delegates were told at Fastmarkets’ Middle East Iron & Steel Conference in Dubai on Tuesday December 13
December 16, 2022
·
By Serife Durmus
Insights
Cleveland-Cliffs’ new NOES line reflects rising demand for electrical steels
Cleveland-Cliffs has introduced a new product line of non-oriented electrical steels (NOES) for power generation in North America, reflecting rising interest in electrical steels
December 15, 2022
·
By Grace Asenov
Insights
US steel market expects no impact from WTO ruling against Section 232 tariffs
The US steel industry has mostly dismissed the recent World Trade Organization ruling against Section 232 tariffs on steel and aluminium imports and does not expect it to have much, if any, impact on the market
December 15, 2022
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By Abby Verret
Insights
Lower carbon a ‘tie-breaker’ in US rebar market: Stickler
Steelmakers offering lower-carbon steel reinforcing bar (rebar) have a competitive advantage over traditional rebar producers, even if customers are unwilling to pay a premium for it in a price-sensitive market, according to David Stickler, senior managing partner of Global Principal Partners
December 14, 2022
·
By Rijuta Dey
Insights
Cleveland-Cliffs hikes flat steel prices; market unsure if increase will stick
Cleveland-Cliffs has increased its flat steel spot market base prices for the second time in just over two weeks, and participants think the market can absorb some of this increase, but not necessarily in full
December 14, 2022
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By Abby Verret
Insights
Scrap shortages the main challenge for Turkish steelmakers in year ahead – MEIS 2022
Turkish steelmakers are facing multiple challenges, with a squeeze in scrap availability the main problem, along with high energy costs, a weak lira and low export demand, speakers at the 2022 Middle East Iron & Steel (MEIS) conference in Dubai said on Tuesday, December 13
December 14, 2022
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By Ross Yeo
Insights
US HRC index consolidates around $34/cwt
Hot-rolled coil prices in the United States hovered around $34 per hundredweight ($680 per short ton) while domestic mills continued offering hot band at the newly stabilized price
December 13, 2022
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By Rijuta Dey
Insights
Good finish to ’22 fuels US ferrous scrap market’s belief that upside remains
The US Midwest ferrous scrap market rebounded in December, and nothing appears to be standing in the way of more upside in January
December 13, 2022
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By Lisa Gordon
Insights
Pipe, mechanical tube prices continue to soften
Prices for standard pipe and mechanical tube in the United States continued to fall in November, but market participants are hoping that a recent uptick in hot-rolled coil prices will signal an end to the downturn
November 30, 2022
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By Mark Burgess
Insights
Brazil’s Gerdau to invest $277mln into solar-, wind-powered steelmaking
Brazil-based Gerdau will invest up to 1.5 billion Reais ($277 million) in solar and wind power projects by acquiring a third of energy generation and commercialization company Newave Energia, advancing its decarbonization goals, the steelmaker said on Friday November 25
November 28, 2022
·
By Renato Rostás
Insights
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