Spanish scrap prices return to multi-year highs
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Spanish scrap prices return to multi-year highs

Published: 05 Mar 2021
Spanish scrap prices return to multi-year highs

Spanish scrap prices have recovered in recent weeks to record levels last seen in January 2012. The skyrocketing prices are the result of increasing domestic demand and lower availability of material, while sharp hikes in the international market have pushed local traders to bet on exports, Kallanish learns from sources. The domestic market has seen scrap prices

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WTO launches sustainability group, carbon tax likely on agenda

Published: 05 Mar 2021
WTO launches sustainability group, carbon tax likely on agenda

The World Trade Organization is launching a Trade and Environmental Sustainability joint initiative group which was expected to be a forum for the discussion of carbon border taxes. Some 53 WTO member countries are slated to take part in the group’s inaugural meeting on March 5, which will identify goals and objectives related to trade

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Section 232 tariffs on steel, aluminum ‘effective’: US Commerce Secretary

Published: 05 Mar 2021
Section 232 tariffs on steel, aluminum ‘effective’: US Commerce Secretary

The Section 232 tariffs introduced on steel and aluminum imports by former President Donald Trump’s administration have been “effective,” newly appointed Commerce Secretary Gina Raimondo said March 4, signaling there is likely to be little change in the near term. Data has showed that the tariffs of 25% on steel and 10% on aluminum, first

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Commercial green steel output unlikely before 2030: report

Published: 05 Mar 2021
Commercial green steel output unlikely before 2030: report

Viable green steel production could be more than a decade away even though several of the world’s major steelmakers are already actively developing plans to adopt the process to meet carbon neutral goals as the technology needed to handle and transport liquefied hydrogen is still in its early stages. The earliest that commercial implementation will

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ArcelorMittal restarts upgraded blast furnace B at Ghent, Belgium

Published: 05 Mar 2021
ArcelorMittal restarts upgraded blast furnace B at Ghent, Belgium

ArcelorMittal has restarted its 2.3 million mt/year blast furnace B at Ghent in Belgium, which it said is now one of the most advanced blast furnaces in the world following upgrade work. The BF was idled in September for relining and had been scheduled to restart by mid-February, but poor weather delayed the restart by

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