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