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The steel market is increasingly pivoting away from blast furnace (BF) production and toward electric-arc furnaces (EAFs), Keith Shuttlesworth, chief commercial officer of clean iron technology company Electra, told Fastmarkets in an interview on Tuesday March 10.
The Mexican aluminium market might be strongly affected by the closure of the Strait of Hormuz, with supply constraints and consequently higher premiums, market participants told Fastmarkets on Tuesday March 10.
The auto industry is well-positioned to accelerate the use of lower emissions steel and automakers are increasingly using the material to boost competitiveness in the EV market.
The International Civil Aviation Organization (ICAO), the governing body for Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), invited emissions unit programs to apply for its Technical Advisory Body (TAB) 2026 assessment cycle from February 9 to March 9. During this assessment cycle, the TAB will make a recommendation on a program’s eligibility under the first part of CORSIA’s second (mandatory) phase, which will run for the 2027-2029 compliance period.
European allowances have steadily dropped in recent days amid wide uncertainty in the emissions trading market, defying a sharp spike in Dutch TTF Natural Gas prices prompted by the escalating conflict in the Middle East.
Guinea, the world’s biggest bauxite producer, is considering plans to compel miners to curb exports of bauxite in a bid to halt the slump in the price of the key raw material for aluminium production, sources told Fastmarkets on Monday March 9.
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