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Mercedes-Benz inks green steel supply deal with Nucor
Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20
March 20, 2024
·
By Mark Burgess
Insights
Brazilian grain and soybean producers are increasingly filing for bankruptcy protection
Grains and soybean Prices have been dropping amid ample offers despite lower-than-expected output in 2023-2024
March 20, 2024
·
By Marcela Caetano
Insights
Colombian steelmakers join Latin American pushback against long steel imports
Steelmakers in Colombia have called on their government to follow in the footsteps of Mexico and Brazil and significantly increase import duties to curtail arrivals of wire rod from China and elsewhere
March 20, 2024
·
By Gabriela Brumatti
Insights
Constellium joins aluminium producers exploring hydrogen power to decarbonize operations
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
March 20, 2024
·
By Yasemin Esmen
Insights
Hydro anticipates green premiums as solar plant starts up at Brazil’s Alunorte
The project, which powers the world's largest alumina refinery outside China, Alunorte, not only marks a significant leap towards sustainability but also showcases Norsk Hydro's commitment to reducing carbon emissions
March 19, 2024
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By Leticia Simionato
Insights
Correction to Australia, Brazil alumina FOB indices on March 18
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.
March 18, 2024
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By James McKeigue
Insights
Opposition to US Steel, Nippon deal growing; Biden says US ownership ‘vital’
Nippon Steel's proposed $14.9-billion purchase of US Steel (USS) could face additional challenges, with US President Joe Biden publicly cementing his opposition to the already heavily criticized deal
March 18, 2024
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By Alesha Alkaff
Insights
How is the steel industry supporting DRI expansion amid weak global demand?
Raw material prices have come under the pressure of falling steel demand around the world since the second half of 2023, and market participants expect the trend to extend into 2024
March 18, 2024
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By Norman Fong
Insights
Steel industry supports legislation cracking down on Mexican imports
The United States steel industry lauded the most recent legislation introduced in Congress to clamp down on the surge of Mexican steel imports, which represents a bipartisan bid to the Biden Administration to hold Mexico accountable for the surge in steel imports, sources told Fastmarkets on Tuesday March 12.
March 18, 2024
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By Alesha Alkaff
Insights
China’s fluorspar prices rise on the first nationwide safety inspection of fluorspar mining
China’s domestic fluorspar prices reacted immediately to the announcement this week that China is set to conduct a country-wide safety inspection and rectification of fluorspar mining from March to August this year
March 18, 2024
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By Nina Hu
Insights
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