JSW Steel considers 75% interest in Teck’s coal business
JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ steelmaking coal business. |
Brazilian crude steel production declines in May
Brazil produced 2.8 million mt of crude steel in May, 5.5 percent less than in May 2022, according to the country's steel institute lABr. |
Teck and Norden team up to reduce carbon emissions
Teck Resources (TSX: TECK.A and TECK.B; NYSE: TECK) is working with Norden to reduce carbon dioxide (CO2) emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or ... |
Means of production prices rise in China
Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 31 reported higher prices in the period, 15 saw price declines, while the prices of four remained unchanged, according to the Na... |
GSCC launches new ‘green steel’ standard amid growing ‘Buy Clean’ divide
The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon” is deciding exactly what “low carbon” means. |
European green steel premiums little changed; deals remain sporadic
Notably, sources estimated that by 2030, 30% of the European steel market will be green (zero or close to zero emissions). |
US Scrap Trends Outlook: August
Spot activity for hot-rolled coil remains muted, limiting upside for primes and shred despite weak flows. Overall trend consensus remains little changed, up to 63% in August from 60% in July. |
US ferrous scrap market torn between tight supply, tame demand
This year-to-date rise in scrap exports comes despite rumors of market resistance in Japan to the practice of exporting higher grades of material. |
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