Elevated energy costs, a consequence of Russia’s invasion of Ukraine, provided the catalyst for rising European steel prices earlier this year. The threat of further increases in gas and electricity prices maintained upward pressure, into the summer period. Faced with reduced demand, however, European sales values fell and continue on a downward trend. Read more at: MEPS International
About 1400 ferrous metals processing plants in the EU will have to reduce their environmental impact to meet the new legislative changes, published in early November. Existing ferrous metals processin
As governments across the world scramble to find ways to reform energy systems to meet climate commitments, hydrogen looms large. The fuel is now seen as a pillar of most net-zero emissions scenarios.
Trucking has a large appetite for steel, with about 5 metric tons of the metal in each vehicle. Roughly 23 million heavy buses, trucks and light commercial vehicles were produced worldwide in 2021, an