RSS News

Domestic steel producers play a vital role for vehicle electrification and overall carbon emissions reduction in the US as they are able to provide the necessary grades of metal using more sustainable methods when compared with foreign industries, according to Cleveland-Cliffs CEO Lourenco Goncalves. “Who can really promote and support this very meaningful and very […]

The Iowa state legislature’s recent passage of a bill modifying its container deposit laws could discourage consumers in the state from returning their aluminum cans and other beverage packaging for recycling, the Aluminum Association said May 27. “The legislation included provisions for retailers to opt-out of redeeming containers if certain alternate redemption center proximity provisions

Near-term scrap futures contracts on the London Metal Exchange saw gains over the week to May 26, while the trading volumes increased on week. Platts assessed the May contract up $3/mt on week to $483.50/mt on May 26. The June contract rose $14.75/mt to $465.75/mt, while the July contract increased $5/mt to $460/mt. The August

Bushveld Minerals is looking to take an active role in the downstream value chain for vanadium redox flow batteries due to the “massive opportunity” for vanadium producers in this space, CEO Fortune Mojapelo told S&P Global Commodity insights. Bushveld’s mining and processing operations supply 4.5%-5% of the global market, and it is looking that to

A raft of new export tax measures imposed by India on steel and raw materials used for its production is expected to pressure the Supramax as well as Handysize dry bulk freight rates out of the east and west coast of the country, shipping market participants told S&P Global Commodity Insights. India announced on May

The European Commission will resume imposing antidumping duties on imports of aluminum flat-rolled products of Chinese origins from July 12, after postponing for nine months, the Chinese Nonferrous Metals Industry Association said in a report May 26. A final ruling issued in October 2021 by the European Commission showed antidumping duties will amount in the

US steel imports fell 12% month on month in April amid lower shipments of sheet products and semi-finished steel, according to preliminary US Commerce Department data May 25. The US imported a total 2.48 million mt of steel in April, according to the preliminary count, 12% below March’s final count of 2.81 million mt. Year

US authorities May 25 announced new sanctions on several individuals and entities involved in an international oil smuggling and money laundering network that has allowed Iran to skirt oil sanctions and fund terrorist groups in the Middle East. The network facilitated sales of Iranian oil for the Islamic Revolutionary Guard Corps-Qods Force and Hezbollah, both

Electric vehicles are already reaching price parity with efficient fossil-fuel vehicles in some countries and this should occur in all major consuming markets by 2024, boosting demand for EV batteries and battery materials, Alvaro Rodriguez, Spain public affairs director of electric scooters manufacturer VOI, told the International Recycling Bureau (BIR) conference in Barcelona this week.

From cutting taxes on retail oil products to scouting around for attractive term crude deals, India is stepping up efforts to ensure that surging world prices do not stand in the way of the fragile economic recovery as well as a revival in domestic oil product consumption. Government officials in India said they believe that