A significant bloc of European heavy industry — steelmakers including ArcelorMittal, thyssenkrupp, and voestalpine, joined by chemicals majors BASF, Evonik, and Covestro, and roughly forty companies in total — is pressing the European Union to fundamentally reconsider the trajectory of its Emissions Trading System. The timing is not incidental: the European Commission is due to

On January 1, 2026, the European Union’s Carbon Border Adjustment Mechanism (CBAM) moved from a reporting exercise into a live financial liability. For the global steel industry — the largest single sector by trade volume within CBAM’s scope — this is the most consequential change to cross-border competitiveness since the EU Emissions Trading System (ETS)

Environmental, Social and Governance (ESG) considerations have become central to strategic decision‑making in the steel sector. The World Steel Association (Worldsteel) has been reporting the industry’s sustainability performance since 2004 and collects data from up to eight indicators. In 2021, 94 steel companies provided data covering over 1 billion tonnes of crude steel—about 54 %

The re-election of Donald Trump has brought renewed focus to the US steel industry, particularly regarding the potential impact of expanded tariffs. His administration’s proposed policies, including a significant 60% tariff on steel imports from China and increased scrutiny on trade with Canada and Mexico, are poised to reshape the industry in ways reminiscent of

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.