The world would look very different without steel. No railways, bridges, bikes or cars. No washing machines or fridges.
Most advanced medical equipment and mechanical tools would be almost impossible to create. Steel is essential for the circular economy, and yet some policymakers and NGOs continue to see it as a problem, and not a solution.
I wrote a month ago that steel prices were shooting back up again—and did they ever.
Steel Market Update (SMU) recorded two consecutive weeks of triple-digit price gains in March. SMU also recorded the highest week-over-week gain we’ve ever seen in hot-rolled coil (HRC)—$210/ton.
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.7 million tonnes (Mt) in December 2021, a 3.0% decrease compared to December 2020.
The shift towards "green steel" production is set to be an increasingly key theme for the steel industry in 2022, as countries and steelmakers compete and cooperate in the race to transform an industry that currently accounts for some 7% of global CO2 emissions.
This document provides an overview of recent steel market developments - including demand, supply, and prices - and the outlook by region based on information available until December 2020. To summarise, the following key developments are discussed in this report:
HYBRIT, a partnership between a mining firm, an electric utility, and a steel company, made the world's first delivery of clean steel to Volvo.
This week, a Swedish firm announced it had delivered carbon-free steel to a customer—a world-first. It’s a huge step in the race to clean up one of the most carbon-intensive activities on Earth.
