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Green steel in focus: five key questions answered by experts
With the race to decarbonize the steel sector gathering pace around the world, Fastmarkets reached out to subject experts in Europe, to discuss the major challenges and opportunities that lie ahead in the new, green steel landscape.
December 2, 2024
·
By Julia Bolotova
Insights
Latvia to build first Baltic renewable fuel plant at Port of Riga
A renewable fuel production facility for hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) is set to be established at the Port of Riga, Latvia, making it the first of its kind in the Baltics, the port announced on Tuesday November 26.
November 28, 2024
·
By Misha Simonovska
Insights
Steel industry on edge with Trump threatening new tariffs on Mexico, Canada, China on first day in office
Steel market participants had varying reactions to US President-elect Donald Trump’s assertion on Monday September 25 that he will impose a 25% tariff of all products being imported from Canada and Mexico into the US, as well as levy a 10% additional tariff on all Chinese imports.
November 28, 2024
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By Robert England, Rijuta Dey, Gabriela Brumatti, the Fastmarkets team
Insights
US EV makers increasingly partner with upstream producers to secure battery supply: Novonix CEO
Electric vehicle (EV) manufacturers have been reaching upstream to producers, beyond their agreements with their battery manufacturing partners, to secure North American supply for their production, battery materials and technology company Novonix’s chief executive officer Chris Burns told Fastmarkets
November 22, 2024
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By Yasemin Esmen
Insights
Trade in the crosshairs: Trump’s steel tariffs and the ripple effect on global trade
Navigating the steel market's new terrain: tariff impacts on global markets and US manufacturing
November 22, 2024
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By the Fastmarkets team
Insights
Trump re-election signals uncertainties for China’s EV and battery industry amid potential policy shifts and tariffs
China’s electric vehicle (EV) and battery industry participants expect more uncertainty under a second Donald Trump presidency amid the president-elect’s intention to scale back the Inflation Reduction Act (IRA) and pursue expanded protectionist trade policies, sources told Fastmarkets on Thursday November 7
November 19, 2024
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By Dylan Duan, Sybil Pan, Zihao Li, Angeline Shi, Nina Hu, Venus Wang, the Fastmarkets team
Insights
European steel sector calls for action plan to safeguard industry in face of crisis
Policymakers in Europe need to follow a “steel action plan” to a avert a crisis in steelmaking, the European steel industry association Eurofer said this week
November 14, 2024
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By Julia Bolotova
Insights
India’s cost concerns in critical minerals outweigh issues in relying on imports: sources
India should invest to avoid its dependance on imports for almost 100% of its cobalt, lithium and nickel requirements, according to a report by the think tank Institute for Energy Economics and Financial Analysis (IEEFA). But slow government action and a focus on short-term costs keep India reliant on imported critical minerals, sources told Fastmarkets.
November 12, 2024
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By Callum Perry, Sahil Shaw, the Fastmarkets team
Insights
The growing role of used cooking oil in renewable diesel production
Explore how used cooking oil is gaining traction in the renewable fuels industry and the credit mechanisms available to producers
November 12, 2024
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By David Becker
Insights
Lagging in green steel is major risk for Chinese steelmakers
Steelmakers that lag behind in decarbonization will be first to be phased out after green steel capacity rises to meet future demand, a senior advisor from a major Chinese steel company told delegates at the China Steel Industry Summit for 2025.
November 12, 2024
·
By Zihuan Pan
Insights
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