The June construction startup of a new steel plant in Deacero's complex in Ramos Arizpe, in the northeastern Mexican state of Coahuila, will position the company to meet future demand for lower-carbon steel nationally and abroad, a Fastmarkets analyst said on Monday June 17

The green steel supply chain is gradually starting up in Malaysia, largely due to stricter decarbonization-related government policies, sources said in the week to Monday March 25. One of these policies is a two-year moratorium on all expansion and diversification of manufacturing activities in the iron and steel industry

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

Steelmakers in Colombia have called on their government to follow in the footsteps of Mexico and Brazil and significantly increase import duties to curtail arrivals of wire rod from China and elsewhere

The decline in crude steel output in the first five months of 2024 dragged down Chinese ferro-alloys markets, including ferro-silicon and silico-manganese, sources told Fastmarkets on June 21

Fastmarkets has discontinued the following converted price assessments:

China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity

Fastmarkets has as of Thursday November 3 discontinued its its price assessment for steel reinforcing bar (rebar) export, fob Black Sea, CIS (MB-STE-0015).

The ferro-alloys sector in China has shown a muted response to the country’s economic targets set for 2024 and laid out in the government work report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing, industry sources have told Fastmarkets

China's National Development and Reform Commission (NDRC) has set a target for the building of green and low-carbon high quality buildings from 2027 to make significant improvements in energy-saving and carbon emission reduction in the construction sector, it said in a notice on Friday March 15 2024