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‘Green steel’ premiums to become commonplace within the next decade
Additional premiums for low-carbon ‘green steel’ are still a niche market, but will they become the norm in the next three-to-10 years? The answer is yes, according to the expert panelists at Fastmarkets’ International Iron Ore conference in Düsseldorf, Germany, in early June
June 9, 2022
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Insights
Optimization software cuts steelmakers’ costs, carbon: Fero Labs
Steel producers in the United States are using optimization software to cut costs for raw materials, reduce quality issues and meet sustainability targets, according to Berk Birand, co-founder and chief executive officer of Fero Labs
June 8, 2022
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By Grace Asenov
Insights
Mexican steel scrap prices tumble again; downtrend expected to persist
Mexican ferrous scrap prices continued to trend lower in the week ended Friday June 3, with market participants seeing no bottom for prices
June 8, 2022
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By Felipe Peroni
Insights
Many hurdles ahead, negative risks persist, Irepas raw materials chief tells conference
A wide variety of factors have contributed to “a really shaky period” in international trade, delegates heard at the 86th meeting of Irepas, the International Rebar Producers & Exporters Association, held in Istanbul, Turkey, on May 29-31, 2022
June 8, 2022
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By Cem Turken
Insights
SDI targeting 80% capacity at Sinton by Q3
Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6
June 7, 2022
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By Sean Barry
Insights
Automotive industry will accept green steel premium: steel leaders
The automotive industry is ready for a green steel premium, steel industry leaders said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, noting that end users will have to bear that cost
June 6, 2022
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By Alesha Alkaff
Insights
Detroit mills lock up prime, shredded scrap at $50/t discount
The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy
June 6, 2022
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By Lisa Gordon
Insights
Cleveland-Cliffs reports lower carbon intensity for 2021
Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May
June 6, 2022
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By Robert England
Insights
Tube mills bring HSS price down by $100 per ton
Several tube mills, including Nucor Tubular and Atlas Tube, alerted customers to a $100-per-ton reduction in the price of hollow structural sections (HSS) on Thursday June 2, sources told Fastmarkets
June 3, 2022
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By Mark Burgess
Insights
Cleveland-Cliffs reports lower carbon intensity for 2021 [updated]
Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May
June 2, 2022
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By Robert England
Insights
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