Leading European steelmaker ArcelorMittal has scrapped a planned EAF-DRI project in Germany due to the poor economic environment and a “lack of economic viability,” the company said on June 19.

During London Climate Action Week, we highlight a key factor in the UK's leadership on climate action: its high corporate carbon productivity.

Japanese steel major Nippon Steel is aiming to hit its 2050 goal of carbon neutrality by focusing on hydrogen-based direct reduced iron (DRI) to make a breakthrough in green steel production, the company said on Friday May 30.

The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.

Discover how President Trump's tariffs impact the US fluff pulp export market, specifically targeting the EU and China.

Vale Base Metals plans to boost annual copper production to 700,000 tonnes by 2035, aiming to become a top-five global producer of nickel and copper. CEO Shaun Usmar highlights a focus on productivity, cost optimization and sustainable growth. With strong assets in Canada and Brazil, Vale is well-positioned to meet rising global demand.

The graphite industry in 2025 faces major challenges, including trade wars, high US tariffs on synthetic graphite and policy changes affecting EV manufacturing and tax credits. Low natural graphite prices, oversupply and slow EV growth make diversifying supply chains essential for market stability.

At Fastmarkets’ International Iron Ore & Green Steel Summit 2025, we expect topics such as iron ore pricing trends, green steel developments and growing demand for high-grade pellets to emerge. The event will address decarbonization, Europe’s green steel growth and shifts in scrap and pellet markets driven by supply and cost changes.

Analysts suggest that the "One, Big, Beautiful Bill" may impact clean energy and battery manufacturing in the US by altering key incentives from the Inflation Reduction Act (IRA).This may disrupt supply chains, cut investment in renewable energy and raise costs for electric vehicles, home energy products and other clean technologies.

CBAM creates a new frontier of opportunity for low-emissions producers who can offer cost-effective, sustainable alternatives.