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  • Archive from category "Steel"

Commodity Inside steel insight articles provides a thematic analysis steel news covering key developments in the steel industry related to steel demand, stainless steel market, steel production, steel trade, steel prices, steel capacity, steel blockchain, steel M&A etc.

Lack of demand and competition caused slab prices to fall

Slab prices falter on weak demand

Monday, 15 August 2022 by Commodity Inside
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
  • Published in Steel
Trafigura plans green hydrogen plant at Port Pirie, Australia

Trafigura plans green hydrogen plant at Port Pirie, Australia

Thursday, 09 December 2021 by Commodity Inside
Trafigura Group (a leading physical commodity trading company), Nyrstar (a global multi-metals manufacturing business), and the State Government of South Australia will jointly develop a commercial-scale green hydrogen manufacturing facility at Port Pirie in Australia. Trafigura and the South Australian State Government will jointly invest AU$5 million in Front End Engineering Design study for the
  • Published in Energy, Steel
Metso Outotec launches Circored process for hydrogen-based ironmaking

Metso Outotec launches Circored process for hydrogen-based ironmaking

Wednesday, 08 December 2021 by Commodity Inside
Metso Outotec is introducing the next generation of its Circored process for direct reduction of iron ore fines using hydrogen.
  • Published in Steel
ArcelorMittal, the Canadian government to invest $1.7B in decarbonisation technologies in Canada

ArcelorMittal, the Canadian government to invest $1.7B in decarbonisation technologies in Canada

Monday, 02 August 2021 by Commodity Inside
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
  • Published in Steel
Salzgitter break ground on the hydrogen-powered DR plant

Salzgitter break ground on the hydrogen-powered DR plant

Wednesday, 19 May 2021 by Commodity Inside
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
  • Published in Steel
Carbon neutrality and electric mobility is driving JFE electrical steel capacity

Carbon neutrality and electric mobility is driving JFE electrical steel capacity

Wednesday, 12 May 2021 by Commodity Inside
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,
  • Published in Steel
Brazilian slab exports can benefit from the US economic recovery

Brazilian slab exports can benefit from the US economic recovery

Monday, 22 March 2021 by Commodity Inside
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
  • Published in Steel
Decarbonising steel industry

Decarbonisation of steel gets traction with BHP back up Boston Steel

Tuesday, 19 January 2021 by Commodity Inside
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
  • Published in Steel
Thyssenkrupp to use Hydrogen to reduce emission

Thyssenkrupp sets hydrogen plan for its steel plant to cut emission

Wednesday, 13 January 2021 by Commodity Inside
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
  • Published in Steel
US Imposed duties of electrical steel

US maintains antidumping on non-oriented electrical steel

Monday, 21 December 2020 by Commodity Inside
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
  • Published in Steel
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