Five associations representing carbon-intensive industries in Europe have joined forces to demand changes to the scope of the European Union’s Carbon Border Adjustment Mechanism (CBAM). Signed on Wednesday, January 25, one of the five signatories to the joint statement, the European steel association Eurofer, released the statement to the public domain on January 27. The […]

Steel Dynamics Inc (SDI) has completed its purchase of a 45% minority equity interest in its single largest flat-roll steel customer, the Fort Wayne, Indiana-based steelmaker announced on Monday January 31. New Process Steel is a Houston-based metals solutions and distribution supply-chain management company. This investment – first announced in October 2021 – expands SDI’s […]

The idea of imposing a border tax on imports is "ill-advised" and would harm the metals industry and U.S. consumers, according to the American Institute for International Steel (AIIS)

China imported a total of 552,892 tonnes of steel scrap in 2021, an increase of 1,938% from the prior year, according to the latest Chinese customs data. China has restricted imports of the steelmaking raw material since July 2019. It only began allowing certain grades to be brought in at the start of 2021. In […]

Ukraine’s largest national steelmaker, Metinvest, plans to cut its greenhouse gas emissions by 15% by 2030, and by 40% by 2040, according to media reports

The United States and the United Kingdom have initiated bilateral talks to hash out the future of Section 232 tariffs on steel and aluminium imports into the US, and retaliatory UK tariffs on certain US exports. US Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai and UK Secretary of State for International Trade Anne-Marie […]

Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week. “While steel demand in India is expected to increase until 250 million tonnes per year eventually, it really depends on whether […]

ArcelorMittal plans to ramp-up production at its cold-rolling steel mill in Krakow, Poland, until the end of this year, the company said this week. The company announced an investment program worth 105 million zloty ($26.4 million) for its CR mill in Krakow, which has capacity for 1 million tonnes per year. “As part of the […]

Steelmakers have been using some of their windfall profits to acquire downstream businesses at a higher-than-average rate, and industry participants believe this trend will continue through 2022

Fastmarkets proposes amend the specification of its weekly assessment for steel hot-rolled coil import, cfr Saudi Arabia, $/tonne, with regard to the thickness of material considered