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...The traders said that Indian-owned Tata Steel UK, Britain’s largest steelmaker, had imported large amounts of hot-rolled coil, a benchmark product used to make pipes and other steel structures, from India...
...The commission said that Biden and von der Leyen on Friday will “aim to deliver important progress in our negotiations” both on steel and on critical materials, on the Global Steel Arrangement and a CMA....
...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....
...UK Steel wants the government to ensure the industry has enough scrap steel supplies in preparation for what it predicts will be a “surge in demand” in Britain and worldwide....
...is used to make steel used in wind turbines....
...Ensuring Tata and British Steel can source the high-quality scrap they need will certainly require a major effort to collect and separate scrap metal more effectively....
...Existing nickel producers such as BHP and First Quantum in Australia and Glencore in New Caledonia have been forced to shut down or cut production to cope with lower nickel prices after a wave of supply...
...Gupta, once dubbed the “saviour of steel” for a string of acquisitions across four continents, has been battling to hold together his metals empire since the collapse of Greensill amid allegations of fraud...
...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....
...Glencore plans to suspend production and sell its stake in the Koniambo nickel operations in New Caledonia after a sharp slump in price for the metal, a component of stainless steel and electric car batteries...
...And supply shocks are expected along the way, with the price of forward contracts for delivery later this year at a record premium to today’s spot....
...Nickel prices have slumped 30 per cent in the past year on elevated supply from Indonesia and softer demand....
...“But it would be a disaster for Italy’s manufacturing industry to have to rely on foreign steel supplies.”...
...One option is to find cleaner ways to make the steel, including electric arc furnaces to recycle scrap metal and direct reduction facilities....
...Europe’s abundance of coal has so far discouraged its steel industry from transitioning to electric arc furnaces, a method that makes up around 70 per cent of US steel output and mostly uses scrap metal...
...The mine, which aims to produce ferronickel used in stainless steel, could help diversify global supply of the metal beyond Indonesia, which produces more than half of the world’s nickel....
...The supply of industrial metals such as copper, lead and zinc is typically 0-2 per cent above or below annual demand....
...“All 8,000 Tata employees could have lost their jobs and an additional 12,500 in the supply chain,” said the aide....
...But scrap supplies are limited, and these electric arc furnaces cannot always produce the quality required for certain applications....
...However, steelmakers have been able to sell their excess supply abroad, and have been helped by the yuan’s year-to-date slide against the dollar....
...In return for minority investments into established operations run by blue-chip companies such as BHP and Rio Tinto, it aims to receive metals supply — a model Japanese trading houses have successfully deployed...
...Yellen said China’s previous excess production of metals such as steel and aluminium had damaged the global economy — and warned that similar oversupply of clean energy products, including solar, electric...
...Steel, among the world’s most commonly used metals, is one of the most politicised sectors in that debate....
...Yanchen Wang, managing director in London of data provider Shanghai Metals Market, said the crackdown on illegal mining could be followed by a cap on production of nickel pig iron, used in stainless steel...
...We keep only a folding metal bistro table and a pair of wooden chairs outside all year round....
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