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 …

Worldsteel has revised up its forecast for finished steel demand growth outside China thanks mainly to strong manufacturing activity and developed economies outperforming earlier expectations.

Global steel demand will grow by 4.5% on-year in 2021 to 1.85 billion tonnes after 0.1% growth in 2020, worldsteel says in its latest short-range …

Despite the green steelmaking rhetoric in Europe, the region’s steelmakers will remain dependent on coal for some time to come, while producers in developing economies will continue investments into new coal-based capacity, according to speakers at last week’s Eurocoke Summit in Amsterdam.The green hydrogen-based direct reduction-electric arc furnace route can …

The last several months have been characterised by a number of issues and bottlenecks affecting steel markets and adding to the price momentum of most commodities. According to analysts, two of the main issues noted in 2021 - high freight costs and chip shortages - are here to stay for …