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Liberty Steel Group, part of the GFG Alliance group of companies, said Feb. 11 it remains in dialogue with creditors to ensure a sustainable future for its UK businesses, after press reports suggested UK tax authority HMRC could take it to court or wind some operations up over unpaid tax, which might result in works […]

Most near-term scrap and rebar futures contracts on the London Metal Exchange saw strong gains over the week to Feb. 10, while trading volumes also rose. S&P Global Platts assessed the February scrap contract up $11/mt to $506/mt Feb. 10, with March rising $12.75/mt to $507.75/mt. The April contract gained $12.50/mt to $500/mt, while May

Fourth-quarter steel shipments from ArcelorMittal’s NAFTA segment fell 5.8% year on year, excluding the impact of prior-year shipments from the former ArcelorMittal USA operations, it said Feb. 10. NAFTA crude steel production totaled 2 million mt in Q4, down 0.7% from Q4 2020, and also when adjusted to exclude US operations it sold to Cleveland-Cliffs

US thermal coal exports surged to four-year high 36.17 million mt in 2021, up 47.9% from 2020, according to US Census Bureau data released Feb. 9. December thermal coal exports totaled 3.12 million mt, up 0.7% on the month and 18.7% from December 2020. December coal exports were at a six-month high —the highest monthly

The energy sources that dominate in 2050 and whether they deliver crucial decarbonization reductions depends on policy and investment decisions being made today and potentially on consumers’ willingness to withstand price disruptions along the way, a Bipartisan Policy Center panel said Feb. 9. Asked to predict how the energy transition will play out over the

The European Commission’s Carbon Border Adjustment Mechanism – currently at the stage of a proposal being discussed by the European Parliament – could be counterproductive if it doesn’t provide a solution for EU exporters of steel and other products impacted, said speakers on a virtual webinar organized by Euractiv, a Brussel-based policy events organizer, on

Global shipping bottlenecks and soaring freight rates have created a “logistics nightmare” that is complicating the rollout of lithium-ion battery storage systems, according to Enphase Energy President and CEO Badri Kothandaraman. Still, the Petaluma, California-based company, known primarily for its solar panel power electronics, has navigated the backups and markups to launch a new residential

Bulgaria wants to join forces with Greece, Serbia, and North Macedonia to create a single gas market that would improve supply diversity and lead to more favorable gas prices, Bulgarian Prime Minister Kiril Petkov said Feb. 8. A number of new gas infrastructure projects — some completed and some under construction — are set to

China’s crude steel production will continue to get capped in 2022 and beyond, keeping annual output below 2021 levels, a development that comes despite a flexible timeline allowed for reaching peak carbon emissions, industry sources told S&P Global Platts. China’s Ministry of Industry and Information Technology in a guideline issued Feb. 7 made the timetable

Industry groups representing the US steel and semiconductor industries praised the passage of the America COMPETES Act by the House of Representatives Feb. 4 due to the support it provides for fair international trade and domestic semiconductor manufacturing. American Iron and Steel Institute CEO Kevin Dempsey said the bill would strengthen US trade tools to