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...Shougang supplies steel to the Chinese military. The study examined the material limits of a class of advanced high-strength steel that has been proposed for use in civil and military applications....
...Essentially it’s just the old green steel club in a new wrapping....
...The Japanese group reacted to the intervention by arguing that its deal would increase competitiveness in industries that need American steel and would strengthen US supply chains and economic defences against...
...There will also have to be closer co-operation between steelmakers and recyclers....
...That requires a coherent vision of priorities, and cross-governmental co-ordination — areas in which the UK has not recently excelled....
...Reduce iron ore where green power is cheap, and then ship this to steel mills. In an era of snarled-up supply chains and reshoring, this may not appeal to all....
...“The Japan-US alliance is stronger than ever,” Hayashi said at a news conference, adding that the two countries will continue to co-operate in various areas including economic security....
...“But it would be a disaster for Italy’s manufacturing industry to have to rely on foreign steel supplies.”...
...Like Ford — who amassed an empire of iron and coal mines and steel foundries to control his supply chain — Wang is “democratising” electric vehicles and the batteries they rely on via a vertically integrated...
...My FT colleagues explain how new EU laws on recycling plastic and on eliminating human rights and environmental abuses in supply chains have contributed to the feeling among low and middle-income countries...
...In a bold development in Sweden, H2 Green Steel says it plans to decarbonise by incorporating hydrogen in both these ways, targeting 2.5mn tonnes of green steel production annually....
...Salzgitter has said that once its revamped steel plant is run entirely on green hydrogen, its annual CO₂ emissions, which currently stand at 8mn tonnes, will drop by a staggering 95 per cent....
...Capacity for nickel pig iron, which is used to make stainless steel, is projected to expand by up to 15 per cent in three years from the current 1.9mn tonnes, he added....
...A deal would also follow ArcelorMittal’s joint venture with Nippon Steel in India when it signed a five-year LNG agreement with France’s TotalEnergies in 2021....
...They also argue antitrust policy must adapt to the modern day economy in a way that captures market dynamics such as supply chain resiliency and labour — two topics that are central to the Nippon Steel debate...
...Indeed, a Rhodium study from July found that “for every ton of CO₂ reduced within the US, an additional 2.4-2.9 tons of CO₂ emissions reductions are achieved outside the US, thanks to IRA-driven cost reductions...
...Or creating “transition councils” in hard-to-decarbonise sectors such as aviation and steel....
...When anything big and controversial needed fixing, such as the US green steel club or the infamous local-content provisions in the Inflation Reduction Act electric vehicle tax credits, it was dealt with...
...“We need to reduce our vulnerability on supply chain shocks.”...
...The warning comes as the European Commission will on Wednesday propose more co-ordination among European ports, governments and private companies by setting up a “European Ports Alliance”, according to a...
...Only taxing raw materials “could distort the EU wind industry’s supply chain”, the industry body Wind Europe warned in a paper....
...Nato members gave a decidedly mixed response to the alliance’s proposal that it should replace the US in managing co-ordination of military supplies to Ukraine — alongside a $100bn fund to support Kyiv for...
...Further restricting and disrupting the supply of Russian oil and gas is critical....
...It can certainly still arbitrate, at least for countries that co-operate with its dispute settlement process....
...The FT editorial board said Tata Steel’s plan to close its UK blast furnaces marked a step into the unknown for the country’s steel industry, leaving it unable to produce “virgin” steel and relying on melting...
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