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Global steel and pig iron supply chain disruptions are boosting ferrous scrap demand, Schnitzer Steel CEO Tamara Lundgren said April 6. Lundgren said demand and pricing for recycled ferrous metals have been particularly supported since supplies of semifinished steel and alternative metal raw material units have been cut off from the Black Sea region due […]

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal , copper , alumina, and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts, to

Steel fabricator Pacific Steel Group will build a new electric arc furnace rebar micro-mill in California to feed its internal operations, according to a company statement sent to S&P Global Commodity Insights April 5. The new mill, located near Mojave, California, will have a capacity of 380,000 st/year, with construction to begin in the first

The US Department of Commerce’s decision to investigate circumvention tariffs on solar products from Cambodia, Malaysia, Thailand, and Vietnam has already caused the cancellation or delay of solar panel deliveries, according to 74% of the 200 companies the Solar Energy Industries Association surveyed. The department initiated the investigation March 28, four months after the agency

The European Union has proposed a fifth package of sanctions on Russia over its invasion of Ukraine, including imposing an import ban on Russian coal, worth Eur4 billion ($4.4 billion)/year, the European Commission announced April 5. “This will cut another important revenue source for Russia,” the commission said. The commission is also considering a ban

Facing a fresh wave of COVID-19 outbreaks , China’s strict lockdown measures are dealing a huge blow to the NEV industry, just two weeks after the industry was left reeling over record-high nickel prices on the London Metal Exchange. High raw material prices and logistical problems have led to a pessimistic outlook for the NEV

Argentina is pressing ahead on a $2.3 billion project to build a natural gas pipeline, a key for increasing production from the Vaca Muerta shale play to reduce costlier gas and diesel imports and widen exports IEASA, a state-owned company that handles the nation’s gas imports, received a sole bid in a March 31 auction

As US airlines seek to lock in sustainable aviation fuel supply to reach their 2030 greenhouse gas emissions reduction goals, many are looking beyond suppliers who produce SAF using traditional feedstocks like hydrogenated vegetable oils and tallow. With more renewable diesel and SAF projects starting up, renewable feedstock supplies are tightening, increasing costs. The price

The London Metals Exchange has suspended the placement of Russian-branded base metals in its UK warehouses due to the UK government’s 35% additional duties on Russian base metal imports, it said in an April 1 member notice. The UK announced on March 15 a 35% extra duty on a number of Russian and Belarussian imports,

Natural carbon capture credits saw high retirements despite low issuances across vintages in 2021, reflecting buyer preference in offsetting emissions using these credits despite their limited supply. Issuances of natural carbon capture credits was much lower than retirements across vintages, an analysis of data compiled by S&P Global Commodity Insights from Verra, Gold standard, Climate