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European Steel Association Eurofer July 15 called for the European Commission to set out a practical framework and timetable for phasing in the European Union’s hydrogen market, including a lengthening of the proposed transitional period for its introduction until at least 2030. Proposed restrictions on industrial CO2 use also need to be reconsidered and the […]

New passenger car registrations in the European Union fell 15.4% year on year in June to 886,510 units, bringing the total sales for the first half of 2022 to 4.6 million units, down 14% year on year, according to European Automobile Manufacturers Association (ACEA) data released July 15. June was the 11th consecutive month of

Overarching concerns about the economy, a global energy crisis and a COVID-19 resurgence have slowed China’s push to expand its carbon market, and industry experts expect the pace of growth to continue to decelerate until conditions improve. So far, Beijing has delayed the announcement of several key policies in both the compliance and voluntary carbon

The Indonesia Coal Mining Association, or ICMA, has proposed to the government that it lower the influence of Australian coal prices in the calculation of Indonesia’s HBA Index, a move they believe will reflect the country’s coal prices more accurately, market sources familiar with the matter told S&P Global Commodity Insights July 14. The ICMA

Global copper market supply could fall far short of historic levels of demand by 2035 and the severity of the deficit will largely depend on the industry’s ability to expand capacity as energy transition-related applications are expected to boost overall copper demand to about 50 million mt in that time frame from the current 25

Independent commodity trader Trafigura said July 13 it has sold its 10% stake in Russia’s giant Vostok Oil venture to a privately-held, Hong Kong-based trading company Nord Axis for an undisclosed sum. Trafigura first announced March 2 it was “reviewing options” over its equity stake in the Vostok Oil venture as pressure mounted on Western

The UK government has proposed that the antidumping measures on rebar from China are removed to meet demand from the construction industry. In its initial findings, the UK’s Trade Remedies Authority has proposed July 13 that existing antidumping measures on imports of Steel Concrete Reinforcement Bars, also called High Fatigue Performance rebar, from China should

China’s daily crude steel output during July 1-10 slipped 0.8% from late June to 2.872 million mt/d, but production still remained 2.6% higher year on year, data from the China Iron & Steel Association showed July 13. The supply glut in China’s domestic market have continued to show no signs of easing so far in

News on upgrades has been the recent focus in Africa’s refinery sector, with Angola’s Luanda completing a gasoline unit while the revamp of Ghana’s Tema was due to be completed this year. Meanwhile, South Africa’s decision to defer implementation of more stringent gasoil and gasoline specifications to 2027 could provide a lifeline to the country’s

The advantage of renewables over crude oil and natural gas will be “unprecedented” in 2022 as costs may be higher but far below gains seen in prices of fossil fuels, the International Renewable Energy Agency said in a July 13 report. Renewables received a boost last year as the levelized cost of electricity from solar