U.S. electric-arc furnace mills have a leg up on the world when it comes to meeting new carbon emissions standards–for now, said CRU Senior Analyst Ryan Smith. That’s according to a “carbon curve” Smith presented that is part of CRU Group’s Emissions Analysis Tool. The carbon curve is similar to the cost curve many steel […] The post U.S. EAFs Have Head Start in Race to Go Green: CRU’s Smith appeared first on Steel Market Update.
The United States’ two leading steel industry associations have cheered the Senate confirmation of Michael Regan, the new head of the Environmental Protection Agency. The move comes as the U.S. steel industry increasingly looks to burnish its credentials as a green industry – and as the potential of a carbon-border tax boosts the economic viability […] The post AISI, SMA Cheer New EPA Chief as Steel Looks to Go Green appeared first on Steel Market Update.
President Joe Biden has signed an executive order officially implementing a U.S. supply chain review for critical products such as semiconductors – a lack of which has led to widespread automotive production outages. “Recent shortages of automotive semiconductor chips have forced slowdowns at car manufacturing plants, highlighting how shortages can hurt U.S. workers,” the White House said […] The post Biden Signs Supply Chain EO Amid Fears of Q2 Chip Shortages appeared first on Steel Market Update.
United Steelworkers union members will vote March 1 on whether to ratify a tentative contract agreement covering NLMK USA’s operations in western Pennsylvania, a union official said. USW District 10 Staff Representative Todd Clary confirmed the date next Monday. He declined additional comment until after the vote. NLMK USA President and CEO Robert D. Miller also confirmed […] The post USW Slates NLMK USA Ratification Vote for March 1 appeared first on Steel Market Update.
Voestalpine has temporarily halted production as its hot-briquetted iron plant in southern Texas, the company said. “Our HBI plant in Texas experienced a temporary shutdown and made the decision to continue the shutdown,” a spokeswoman for the Austrian steelmaker said in an email to Steel Market Update on Feb. 18. The company made the decision […] The post Winter Storms Prompt Voestalpine to Temporarily Halt HBI Production in Texas appeared first on Steel Market Update.
It might be T-shirt weather before steel buyers in Canada have access to spot tons of sheet and plate, according to market participants. The three main Canadian sheet suppliers–Algoma, Stelco and ArcelorMittal Dofasco–are largely sold out through May and are in some cases out as far as June. And when it comes to plate, Canada’s […] The post Canadian Steel Buyers Waiting Until T-Shirt Weather for Spot Tons appeared first on Steel Market Update.
It might be T-shirt weather before steel buyers in Canada have access to spot tons of sheet and plate, according to market participants. The three main Canadian sheet suppliers–Algoma, Stelco and ArcelorMittal Dofasco–are largely sold out through May and are in some cases out as far as June. And when it comes to plate, Canada’s […] The post Canadian Steel Buyers Waiting Until T-Shirt Weather for Spot Tons appeared first on Steel Market Update.
Multiple major North American automakers have or will temporarily halt production because of a semiconductor shortage, something that could have an impact on steel and scrap prices. General Motors will effectively stop production at three assembly plants–one each in the United States, Canada and Mexico–next week because of a semiconductor shortage, the company confirmed. GM […] The post GM, Ford North America Plants Hit by Chip Shortage – Price Impact? appeared first on Steel Market Update.
Multiple major North American automakers have or will temporarily halt production because of a semiconductor shortage, something that could have an impact on steel and scrap prices. General Motors will effectively stop production at three assembly plants–one each in the United States, Canada and Mexico–next week because of a semiconductor shortage, the company confirmed. GM […] The post GM, Ford North America Plants Hit by Chip Shortage – Price Impact? appeared first on Steel Market Update.
Cracks might be forming in the groundwork that has to date led U.S. flat-rolled steel prices to their highest point on record. Whether they are big enough to send towering prices tumbling down or merely a distraction remains to be seen, markets sources generally agreed. Prices have nowhere to go but up in the short […] The post Cracks Forming in Towering U.S. Steel Prices? appeared first on Steel Market Update.