As of late 2024, the steel market is seeing mixed signals across different regions, primarily influenced by shifts in demand, supply chain issues, and geopolitical tensions. Here are some key points: In the United States, demand remains steady but has cooled compared to the post-pandemic surge, with the automotive and construction sectors facing softer demand.

At its core, the marriage of Artificial Intelligence (AI) and steel production represents a symbiotic relationship where each entity enhances the other’s capabilities. AI technologies, particularly machine learning and predictive analytics, are providing steel manufacturers with the tools to optimize processes, predict maintenance needs, and even anticipate market demand with unprecedented accuracy. One of the

The steel industry has been undergoing a rapid transformation in recent years, driven by the latest technological developments in steel production. These advancements are helping steel companies to optimize their production processes, improve efficiency, reduce waste, and enhance sustainability. In this article, we will explore some of the latest technological developments in steel production and

The war in Ukraine has continued, and the new international slab trading routes have become more established. Russian sellers re-directed their volumes to Turkey and Asia (especially China), offering high discounts to entice buyers. Meanwhile, European buyers have lost access to the Russian slab due to the sanctions, while the Ukrainian supply is hampered as

Metso Outotec is introducing the next generation of its Circored process for direct reduction of iron ore fines using hydrogen.

ArcelorMittal and the Government of Canada unveiled a plan of investing CAD$ 1.765 billion in decarbonisation technologies at ArcelorMittal Dofasco’s plant in Hamilton, Canada. The investment is expected to cut around 3 million tonnes/year of CO2 emissions at ArcelorMittal’s Hamilton, Ontario operations, which account for nearly 60% of emissions, within the next seven years. The Hamilton

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

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,

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