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The steel industry underpins the global economy. It is deeply intertwined with other industries like automotive, construction and energy – making it subject to risks and opportunities from multiple directions. Decarbonization initiatives also have significant implications for anyone buying, selling or trading in steel markets. These risks include shifts in international competitiveness and the financial risk associated with carbon pricing and regulations. On 8 June, Fastmarkets launched a suite of green steel prices to bring clarity and support investment decisions needed to reduce emissions.
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As demand for ferrous scrap climbs in response to steelmaking capacity growth in the United States, large US steel producers and scrap processors are making strategic acquisitions to secure supplies, while keeping an eye on scrap export levels too, reports Myra Pinkham
A quest to lock up shredded and prime grades of ferrous scrap in the United States went into high gear in 2021.
Fastmarkets looks at some of the dynamics that could come into play in 2022 for the US ferrous scrap market
Steel production from an additional seven million ton capacity, which steel producers in the United States are expected to bring online in 2022 and 2023, will be “quite readily absorbed” by demand from steel consumers, Mark Millett, chairman, president, and chief executive officer at Steel Dynamics Inc (SDI) said on Tuesday November 9.This includes new […]
China’s decarbonization drive could result in increased demand for graphite electrodes amid the global trend toward more steelmaking based on electric-arc furnaces (EAFs), although supply risks may continue in the near term against a backdrop of energy controls, sources have told Fastmarkets
Iron ore prices continue to fall in line with production restrictions imposed by the Chinese government. When will it all end?
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