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S&P Metals

• US Steel, NETL to test carbon capture technology at Pennsylvania steel mill
  US Steel and the US Department of Energy's National Energy Technology Laboratory plan to test an advanced membrane technology to capture carbon dioxide emissions generated by steelmaking operations at the steelmaker's Edgar Thomson Plant in Pennsylvania, according to a joint statement Sept. 20. The project is part of the DOE's Point Source Carbon Capture Program, […]
• China's rising HRC capacity weighs on margins but favors downstream sector
  With China's shift from long steel production to flat steel continuing in 2023 amid more brand-new hot strip mills coming on stream, profit margins for hot-rolled coil face pressure, but this has lent support to the downstream sector, according to market sources. The rise in flat steel production in tandem with the capacity expansion is […]
• Latin American steelmakers press for CBAM deadlines to be extended
  Latin American steelmakers are pressing for deadlines for adhesion to the European Commission's Carbon Border Adjustment Mechanism to be extended, representatives of regional steelmaking associations said in a joint public statement Sept. 19. The associations' members will find it difficult to comply with the timetabled requirements for continued export product access to the EU, a […]
• Global ammonia prices rise in August as supply tightens
  Global blue ammonia cost-of-production price assessments edged higher in August, with Northwest Europe retaking the price top spot from Far East Asia, and US Gulf prices recovering after a protracted spell of falls. Supply constraints were at the fore in conventional ammonia markets, pushing prices higher. The Platts Ammonia Price Chart illustrates monthly averages of […]
• INTERVIEW: Mexico Pacific in 'advanced' LNG contract talks for Train 3 Saguaro Energia project
  Mexico Pacific Limited is in an "advanced negotiation stage" to contract 1 million mt/year of LNG from Train 3 of its flagship Saguaro Energia facility and could commercially sanction the unit within six months of a final investment decision on the project's initial two trains that the company is targeting by year-end, company President and […]
• Circularity-focused business models needed for industrial energy transition: conference
  While many of the technologies needed to transition heavy industry toward net zero emissions exist today, developing business models that consider circularity and expanding clean energy sources are still hurdles to overcome, according to presenters at Reuters' Industry Transition conference, held Sept. 12-13 in Pittsburgh. "The structure of industry has to change to a certain […]
• Infographic: China is a driving force in the battery storage revolution
  As the clean energy transition gains pace, the need to address the intermittence of wind and solar is boosting the demand for Battery Energy Storage Systems. As in other clean energy markets, China is at the forefront of manufacturing and installations—which will lead to an oversupply of systems and cost reductions over time. Click here […]
• Deacero to invest $1 billion to build new steel plant in Mexico
  Mexican steelmaker Deacero plans to spend $1 billion over the next three years to build a new plant in Coahuila state and to acquire machinery and equipment to strengthen other plants, the company has said. The new plant will be in Ramos Arizpe, Coahuila, and would expand the production capacity of the steelmaker by 1.2 […]
• Feature: Electric vehicles to coexist in shadow of those powered by biofuels in Brazil
  The Brazilian transition to electric vehicles is likely to be stuck in idle as momentum stays with sustainable alternatives such as biofuels, Marcio Lima Leite, president of National Association of Automotive Vehicle Manufacturers, said on the sidelines of the recent Anfavea Seminar in Brasilia. "We need to ensure the scale of electrification in the country, […]
• High-grade iron ore fines lose steam as 65%-62% price spread narrows to 3-year lows
  The price spread between Brazilian high iron content Iron Ore Carajas (IOCJ) and seaborne medium brand fines has been bogged down by sluggish demand fundamentals amid diminished mill margins, higher portside stocks in China and limited support for Brazil's export prices despite the rainy season, market sources told S&P Global Commodity Insights Sept. 8. While […]