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

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

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

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

The fifth plenum session of the 19th Communist Party of China (CPC) central committee discusses the 14th five-year plan 2021-2025. During the meeting, the long term goals going up to 2035, were also discussed. The plan is centred on technological development and environmental goals and will be passed by the National People’s Congress in early

When Mr Trump imposed 25% duties on steel products in 2018, Brazil swiftly secured a deal, better than any other country. Since then, Brazilian slab producers commanded better margins by piggybacking on Section 232 quota; whereas others, chiefly the CIS producers, suffered. The Trump administration tinkered with the market in a way to allow Brazilian

The new vessel orders in China sank in the first seven months of this year, highlighting the underlying weak demand chiefly caused by the epidemic. The national shipbuilders secured new vessel orders proportionate to around 14 million deadweight tonnes (dwt) during January-July this year, fell by 4.8% year-year basis, according to China Association of the

The impact of the coronavirus outbreak is still high in various parts of the world. In Europe, the steel market is slowly returning to normal in key countries, such as Germany, France and Italy, but it is still far from pre-pandemic levels. Moreover, Eurofer has requested a 75% cut to the import quotas to help

The negative impact of the COVID-19 on the steel market is expected to continue around the world over the next three months. The number of coronavirus cases has been growing rapidly in various countries, such as the US, Russia, Brazil, Mexico and Japan. As a result, we anticipate that finished steel demand is going to