Steel and steel raw materials

Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia’s invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week

A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

Shagang Group, China’s largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

ResponsibleSteel, a third-party global provider of sustainability standards and certifications, is working on a steel certificate that should be ready in the next two to three months, marking the next step in a standardized benchmark for sustainable steelmaking

China is working toward decarbonizing its steel industry – which accounts for around 15% of total emissions from the Chinese manufacturing sector. But several market participants believe that the road to decarbonization will be a long one

With the world paying more attention to renewable power and decarbonization, huge investments have been put into grid infrastructure and technology