Strong steel prices helped ArcelorMittal post in the third quarter its highest net income and lowest net debt since 2008. Prices have since come off record highs but remain elevated, which will be reflected in 2022 annual contracts, the firm observes.

The steelmaker maintains its 12-13% on-year growth forecast for …

The push to reduce carbon emissions will create “a large opportunity” to grow scrap’s share in current steelmaking beyond its current average of 30%, said McKinsey & Company’s Dr Steven Vercammen in a Bureau of International Recycling (BIR) webinar this week.

The key challenges are to extract more scrap from …

The European Union and the US have reached an agreement to end the ongoing trade dispute involving steel products, initiated with the imposi-tion by the Trump administration of Section 232 tariffs.

The latest announcements confirm that steel trade barriers for European suppliers to sell into the US will be adjusted. …

The latest magnesium shortage caused by reduced supply of the product from China is set to impact both steel production and end-use sectors. Due to the Chinese government’s efforts to curb domestic power consumption, supply of magnesium originating there has either been halted or reduced drastically since September.

European industry …