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China’s steel production continues to show a modest decline despite steelmakers facing poor profit margins, on the back of new pig iron and crude steel capacity launched in recent months, while a lack of any large-scale output cuts is failing to add pressure on production. Northern China, home to large steelmakers, could see winter output […]

The role of gas as a transition fuel, efforts to phase out coal use and decarbonizing the oil, gas and steel industries will feature prominently on the UN Climate Change Conference agenda, which starts in Egypt on Nov. 6. Concrete progress on decarbonizing energy systems will be critical to the implementation of climate plans at

The London Metal Exchange’s Steel Scrap CFR Turkey futures contract traded 3,370 mt (or 337 lots) over Nov. 1-2, the first two days of the LME’s liquidity window initiative to boost screen trading volumes for the contract. The LME launched a liquidity window initiative for its LME Steel Scrap CFR Turkey and Steel Rebar FOB

The European Parliament and Council have provisionally agreed that all new vehicles registered in Europe must be zero emission by 2035, the European Commission said Oct. 28. The agreement is the first step in adopting the EC’s “Fit for 55” legislative proposals tabled in July 2021 that aim to reduce the EU’s net greenhouse gas

The world has made firm progress in the rollout of renewables in the year since the 26th UN Climate Change Conference in Glasgow, the Energy Transitions Commission said in its latest report, but it flagged serious shortcomings in tackling methane emissions, and ending coal-fired generation and deforestation. A rapid rollout in renewables and electric vehicles,

The US and the UAE have signed an agreement that will help galvanize $100 billion in investments to develop 100 GW of clean energy globally by 2035, as the two oil producers seek to boost their renewables portfolios amid net zero emissions targets. “The US-UAE Partnership for Accelerating Clean Energy (PACE) is set to catalyze

Brazilian mining group Vale and Saudi Arabia’s National Industrial Development Center have signed a memorandum of understanding which includes the development of a 4 million mt/year iron ore pellet plant in Ras Al-Khair Industrial City, in the Persian Gulf, according to the NIDC. The MOU is to study the development of a high-quality iron ore

Centrica has reopened the UK’s Rough gas storage facility having completed engineering upgrades over the summer and commissioning over early autumn, the company said Oct. 28. The first injection of gas in over five years has been made, with the site in a position to store up to 30 Bcf (850 million cu m) of

Shortages of key metals for electric vehicles batteries are unlikely to occur, with the possible exception of nickel, due to changes in battery chemistries and materials used, speakers at the London Metal Exchange’s LME Week Focus seminar said Oct. 27. Manganese, a common mineral typically used in steelmaking, will become the key cathode material moving

The London Metal Exchange is aiming to reach 10 million mt of ferrous scrap CFR Turkey futures traded volumes and 2.5 million mt of FOB Turkey steel rebars futures traded volumes in 2023, Alberto Xodo, LME’s vice president-sales, said Oct. 27 during the LME Focus Day event. The two contracts have gained momentum on high