Aligning various methodologies of calculating and reporting greenhouse gas (GHG) emissions in the steelmaking process has become a challenge in the push towards decarbonization of the industry, but there’s demand for aligning it
Executives at major flat-rolled steelmakers in the United States shared three mutual reasons for optimism about demand in 2023 during their companies’ recent earnings calls, despite the current downtrend in prices
Opinions are mixed on whether new steel reinforcing bar capacity will be absorbed by a down market, but a spate of planned mills in the southern United States may signal a shift toward nearshoring that could offer buyers relief from high freight costs and volatile global supply chains
Mixed near-term demand and stagnant prices could place US buyers at an advantage during this year’s steel HRC trading season
Steel ERW line pipe (X70), fob mill US, $/short ton
Steel reinforcing bar (rebar) export, fob main port Southern Europe, €/tonne
Steel reinforcing bar (rebar) domestic, ex-whs Northern China, yuan/tonne
Steel billet export, fob ports Iran, $/tonne
Steel galvanized coil 1mm export, fob main port China, $/tonne
Steel hot-dipped galvanized coil import, cfr main port Southern Europe, €/tonne
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