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Vale to sell 13% stake in base metals unit for $3.4 billion

Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ...

Friday, July 28, 2023

Steel trader Ivancore working to rebuild lines/volume

Lugano-based steel trader Ivancore is working to rebuild its credit lines and volumes after a number of staff left the company.

Wednesday, July 19, 2023

Four takeaways from the Global Steel Dynamics conference

Taking center stage this year were questions over premiums on and standards for green steel, carbon tariffs at the border, the stability of scrap supply in the US and hydrogen’s promising role in decarbonizing steel production.

Thursday, July 6, 2023

Climate change presents ‘once-in-a-century’ opportunity for commodities traders: TELF

In a highly energy-intensive and carbon-generative industry like ferro-chrome, producers naturally have a growing focus on their energy usage and emission levels and what they can do to mitigate them, especially while end users increasingly look to solidify th...

Thursday, July 6, 2023

Nucor keeps plate pricing flat

Plate prices have remained flat during the same time period, creating a spread that is now $750/st.

Wednesday, July 5, 2023

AM’s Fos steelworks to shut indefinitely in 6-8 weeks

ArcelorMittal, Europe's largest steelmaker, says the process to shut down the French steelworks is "well under way", with the process taking 6-8 weeks in total owing to its complexity.

Tuesday, July 4, 2023

BHP sees electrified steel production from Pilbara ores

European DRI capacity is expected to rise to around 40mn t/yr in Europe from under 1mn t/yr at present as the steel sector looks to curb emissions.

Tuesday, July 4, 2023

Fortescue, China Baowu Steel Group enter agreement to reduce emissions

Fortescue, one of the world's largest iron ore miners, has signed a Memorandum of Understanding (MoU) with China Baowu Steel Group Corporation to work together on reducing emissions associated with iron and steel making.

Friday, June 30, 2023
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