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Decarbonization Dialogues: Forging a Sustainable Steel Future
The debut of the Steel Standards Principles at COP28 heralded a seismic shift in the steel industry's stance toward decarbonization. Orchestrated by global entities, these principles underscored the industry's crucial role in greenhouse gas emissions. |
China's shipbuilders lead global race
Supply chain growth, green shift, tech edge, market expansion are big factors. |
AISI: US Steel Imports Down In November vs. October
Finished Import Market Share YTD at 21% |
AISI: US Raw Steel Production in the week ending on January 6, 2024
In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent. |
Woodside to partner on lower-carbon hydrogen value chain with SK E&S
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Woodside Energy and South Korea’s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products. |
Canada's Algoma Steel Foresees a Drop in Steel Shipments
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Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24. |
US construction spending up in November, rebar steady
US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises. |
Steelmaker ArcelorMittal denies bid for power supplier
European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus. |
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