Relevant News

Nava shares trade down after accident halts production at Odisha plant

Shares of ferro alloys manufacturer Nava Ltd traded down 2.9 percent at Rs 395.20 at 10:03am on August 17 after the company halted production of silico manganese at its Odisha plant because of an accident.

Thursday, August 17, 2023

Brazilian crude steel production declines in May

Brazil produced 2.8 million mt of crude steel in May, 5.5 percent less than in May 2022, according to the country's steel institute lABr.

Thursday, August 17, 2023

Vale sells stakes in Energy Transition Metals business; deals must face Canada scrutiny

The transaction was expected to close by the first quarter of 2024.

Thursday, August 17, 2023

GSCC launches new ‘green steel’ standard amid growing ‘Buy Clean’ divide

The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon” is deciding exactly what “low carbon” means.

Thursday, August 17, 2023

Teck and Norden team up to reduce carbon emissions

Teck Resources (TSX: TECK.A and TECK.B; NYSE: TECK) is working with Norden to reduce carbon dioxide (CO2) emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or ...

Thursday, August 17, 2023

Demand for Fortescue’s products strong: FMG chief financial officer

Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.

Thursday, August 17, 2023

Means of production prices rise in China

Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 31 reported higher prices in the period, 15 saw price declines, while the prices of four remained unchanged, according to the Na...

Thursday, August 17, 2023

European green steel premiums little changed; deals remain sporadic

Notably, sources estimated that by 2030, 30% of the European steel market will be green (zero or close to zero emissions).

Thursday, August 17, 2023
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