Salzgitter break ground on the hydrogen-powered DR plant

Salzgitter break ground on the hydrogen-powered DR plant

Hydrogen has recently started emerging as a sort of panacea for decarbonising steelmaking and other hard-to-abate heavy industries. Steelmakers such as ArcelorMittal, Hbis, ThyssenKrupp, Nippon Steel and SSAB have already announced projects using hydrogen across various processing methods from iron reduction to reheating purposes. Salzgitter AG, as part of the SALCOS (SAlzgitter Low-CO2Steelmaking) project, has
Carbon neutrality and electric mobility is driving JFE electrical steel capacity

Carbon neutrality and electric mobility is driving JFE electrical steel capacity

Electrical steel demand is set to see a renowned growth on the back of expanding renewable energy and electric mobility markets. Japan’s JFE has been working on expanding its electrical steel capacity. It plans to expand the supply of both types of electrical steel owing to the expected rise in global demand for electric vehicles,
Brazilian slab exports can benefit from the US economic recovery

Brazilian slab exports can benefit from the US economic recovery

Amidst the coronavirus pandemic, Brazilian slab producers performed relatively better. Last year, the country exported over 7.1 million tonnes of slabs, registered just a slight fall of 6.9% on a year-on-year basis. Given that the US and Mexico, the two important buyers of Brazilian slabs, were hit hard by the pandemic;  hence the performance is
Decarbonising steel industry

Decarbonisation of steel gets traction with BHP back up Boston Steel

Steel is one of the heavy industries which are considered as significant polluters. The initiatives to decarbonise steel increased with both mining and hot metal producers have signed various deals recently. When it comes to direct emission, mining companies have a minimal share in emission than their customers- steel producers. Indirect emission, especially those caused
Thyssenkrupp to use Hydrogen to reduce emission

Thyssenkrupp sets hydrogen plan for its steel plant to cut emission

German steelmaker Thyssenkrupp will work with Equinor, a Norway energy company and OGE, German gas transmission system operator to reduce emission from the Thyssenkrupp Steel’s Duisburg plant. The decision is taken after the trio completed their joint feasibility study which was started back in October 2019, under the project H2morrow. The partners will evaluate the
US Imposed duties of electrical steel

US maintains antidumping on non-oriented electrical steel

The US carried out a five-year sunset review of anti-dumping duties on non-grain oriented electrical steel (NGOES). The AD review covered imports of NGOES from China, Germany, Japan, South Korea, Sweden and Taiwan. Upon completion of the review, the US decided to extend the existing AD duties by another five years. Similarly, it has also
Renewable power in the steel industry

Renewable power is slowly making its way into the steel industry

Governments around the world have made long term commitments to cut GHG emission substantially. The steel industry is among the top sectors, which is under pressure to reduce carbon footprint. One way to reduce emission is to employ renewable power such as wind and solar. Producing steel is an energy-intensive process and requires large amounts
Steel plate market in Saudi Arabia

Aramco and POSCO explores steel plate mill JV in Saudi Arabia

Saudi Aramco and South Korea’s POSCO signed a deal to evaluate the potential for an integrated steel plate mill. The cooperation between the two companies implies that the steel plate mill will target the oil and gas industry. POSCO will conduct the feasibility study to determine commercial viability for the plant. Saudi Arabia has been
Hydrogen in steel

Hydrogen is making inroads in the steel industry

Under the Biden presidency, the US is expected to play a critical role in revolutionising the global climate agenda. President-elect Joe Biden has appointed a former senator and secretary of state John Kerry as the first-ever US climate envoy. This shows that the new administration is highly committed to tackling climate issues. Mr Biden pledged
Global building and construction and belt and road initiative

The global construction market to recover in 2021 but BRI under the spotlight

The global building and construction spending slumped in 2020, expected to reach $4.7 trillion in real terms. COVID-19 remained the main culprit for dragging the market downward. The global building and construction market is expected to recover in 2021.  China is the largest construction market in the world, followed by the US. China started Belt
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