New EU environmental norms to reduce the impact of ferrous metals processing plants
About 1400 ferrous metals processing plants in the EU will have to reduce their environmental impact to meet the new legislative changes,...
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akorf0
- Dec 5, 2022
- 1 min
Overhyping hydrogen as a fuel risks endangering net-zero goals
As governments across the world scramble to find ways to reform energy systems to meet climate commitments, hydrogen looms large. The...
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akorf0
- Dec 5, 2022
- 1 min
How to turn trucks green, using low-emissions steel
Trucking has a large appetite for steel, with about 5 metric tons of the metal in each vehicle. Roughly 23 million heavy buses, trucks...
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akorf0
- Dec 5, 2022
- 1 min
Scandanavia Is Leading The Green Energy Revolution
Long considered a pioneer in renewables, the Nordic region is preparing to grow its renewable capacity further and become a major...
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akorf0
- Dec 5, 2022
- 1 min
Rio eyes biomass for steel, unlike Australian rivals
UK-Australian iron ore producer Rio Tinto pushes biomass in making green steel, as Australia's three biggest iron ore exporters explore...
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akorf0
- Dec 5, 2022
- 1 min
Global Automotive Steel Market size to accrue 193.2 BN while expanding at 5.21% CAGR through 2028
MarketStudyReport recently added latest report, global automotive steel market, which accrued USD 134,610 million in 2021, is anticipated...
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akorf0
- Dec 5, 2022
- 1 min
Global Steel Climate Council formed to accelerate transition to low-emission steel
The GSCC includes more than 20 members and supporters who are steel manufacturers, trade associations, end users, scrap metal suppliers...
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akorf0
- Dec 5, 2022
- 1 min
Energy costs no longer a factor in price negotiations
Elevated energy costs, a consequence of Russia’s invasion of Ukraine, provided the catalyst for rising European steel prices earlier this...
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akorf0
- Dec 5, 2022
- 1 min
Germany’s Salzgitter secures wind energy supply for 15 years
Germany-based steelmaker Salzgitter has secured post-2025 supply of 50 MW/year of wind-generated electricity for 15 years to power its...
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akorf0
- Aug 31, 2022
- 1 min
China’s Property Crisis Threatens to Drag Down Steel Industry
China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led...
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akorf0
- Aug 31, 2022
- 1 min
The rising price of gas puts EU steel industry at risk
Steelmakers are between two fires – low product prices and high production costs. The price of gas in Europe approached €230 per 1 MWh...
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akorf0
- Aug 31, 2022
- 1 min
Six months of war: How has it changed the global steel market?
August 24 marks six months since the beginning of Russia’s unprovoked invasion in Ukraine on February 24. Here, Fastmarkets highlights...
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akorf0
- Aug 31, 2022
- 1 min
India to become world's number one producer of steel
Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in the world...
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akorf0
- Aug 31, 2022
- 1 min
EU steel demand stays on recessionary trend, prospects bleaker as imports grow
The European Union’s steel sector performance in the first quarter of 2022 confirms a marked slowdown from the positive trend observed in...
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akorf0
- Aug 31, 2022
- 1 min
Support for energy-intensive companies approved
In order to prevent carbon leakage, the EU Commission had approved aid for energy-intensive companies in the amount of about €27.5...
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akorf0
- Aug 31, 2022
- 1 min
BMW seals deal with H2 Green Steel on low-CO2 steel deliveries
German carmaker BMW Group signed an agreement with Swedish green steel maker H2 Green Steel to supply low-CO2 steel for vehicle...
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akorf0
- Aug 31, 2022
- 1 min
Salzgitter places first EAF order for low-carbon steelmaking program
Germany-based steelmaker Salzgitter (salzgitter) Group has announced that it has placed the first order of electric arc furnace from...
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akorf0
- Jul 8, 2022
- 1 min
Guinness World Records officially recognises Macsteel world record for the longest roof span
In an epic display of pursuing reinvention with their pioneering technology, Macsteel did the nation proud when they broke a world record...
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akorf0
- Jul 8, 2022
- 1 min
The green revolution sweeping Sweden
A boom of renewable-powered industries has found a home in northern Sweden, fueling the country’s ambitions of a fossil-free economy. If...
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akorf0
- Jul 8, 2022
- 1 min
Safeguarding green steel in Europe: Facing the natural-gas challenge
European steelmakers need to reconsider their decarbonization strategies because of rising natural-gas and electricity prices, as well as...
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