Tata Steel Europe is hot starting a new power plant at its Port Talbot plant, in Wales, which will cut CO2 emissions by almost 44,000 metric tons per year, the company said. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. Tata Steel generator carries £37M […]
Christopher Rivituso
Metals supply constraints likely to linger into 2022
Several factors are likely to see base metals continue to encounter supply constraints into 2022. Chief among them is demand, said Colin Hamilton, managing director of commodities research at BMO Capital Markets. “We have never seen this level of demand impulse before,” he said in an Oct. 12 web presentation. Producers have also had difficulty […]
LME CEO weighs in on low-carbon aluminum during LME Week
London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
ArcelorMittal adds €50 surcharge on European longs products
ArcelorMittal plans to introduce a €50 ($58) surcharge on all of its long products in Europe in order to account for sharply rising energy prices, an official with the Luxembourg-headquartered group said. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. ArcelorMittal introduces new surcharge “The price […]
Thyssenkrupp Steel restarts blast furnace at Duisburg plant
Thyssenkrupp Steel (TKS) has restarted at the Duisburg plant its blast furnace No. 1. The restart comes after a three-month stoppage for a partial reline, the German steelmaker and flats producer announced. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and part suppliers. Explore the models […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]
Germany pledges $65M toward new ArcelorMittal DRI plant
Germany’s federal environment minister has pledged €55 million ($65 million) towards ArcelorMittal Hamburg’s planned construction of a demonstrator directed reduced iron (DRI) plant, which will eventually use green hydrogen, the Luxembourg-headquartered group stated. Svenja Schulze pledged the government’s support Sept. 7 while visiting the Hamburg plant, ArcelorMittal noted. Do you know which market conditions are […]
SSAB to collaborate with automotive groups on potential supply of fossil-free steel
Sweden’s SSAB has announced collaboration plans with two European auto groups on the potential supply of fossil-free steel for auto bodies and parts. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. SSAB to collaborate with European auto groups on potential fossil-free […]
Hot rolled coil prices in Western Europe take a fall amid holiday season
Higher stock levels and summer holidays have seen prices for hot rolled coil in Western Europe move off since late July, industry watchers said. “I have the impression that people are not fully back yet from their holidays,” one source said. Those who have returned are now either taking a wait-and-see approach to any new […]
UK upholds anti-dumping duties for tube and pipe from Belarus, China
The U.K. government has upheld the Trade Remedies Authority’s (TRA) revocation of anti-dumping duties for welded tube and pipe imports from Russia. However, it has upheld them for imports of the same product from Belarus and China. More MetalMiner is available on LinkedIn. Tube and pipe duties The TRA made the recommendation to the Secretary […]