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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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In a fresh cargo sale to Turkey, US deep-sea ferrous scrap export prices ticked up by $2-11 per tonne compared with the last such US deals
Turkish steel producers continued to face weak demand for finished steel products in the export markets and locally
Blast furnace (BF)-based steelmaking capacity in Southeast Asia could balloon by 25% over the next few years with the emergence of new projects, the South East Asia Iron & Steel Institute (Seaisi) said recently
German carmaker BMW Group signed an agreement with Swedish green steel maker H2 Green Steel to supply low-CO2 steel for vehicle production at its European plants, Fastmarkets has learned
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt – or even reverse — the recent downtrend
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
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