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The UK will impose a carbon tax on steel and aluminium production
The Treasury recently announced that the UK intends to impose a carbon tax on certain metals and natural resources imported into the country by 2027. According to the 19 December announcement, steel, aluminium and iron ore will be subject to the tax. This tax is...
Gold: prices rebound thanks to the falling dollar; spotlight on US employment data
Gold prices rebounded from two-week lows on Thursday, thanks to a falling dollar that boosted investor demand ahead of the US jobs report, which could shed light on the Federal Reserve's next interest rate move. Spot gold was up 0.14 per cent at $2,046 an ounce as of...
Germany must expand the hydrogen network in Europe
Miguel López, CEO of German steel producer Thyssenkrupp, said the construction of new hydrogen pipelines from southern Europe to Germany and the expansion of the hydrogen network are of strategic importance to meet the growing demand for hydrogen in Germany. López...
Steel: Chinese exports will exceed 90 mln tonnes in 2023
The China Iron and Steel Association (CISA) predicts that China's exports of finished products will exceed 90 mln ton in 2023, below only exports in 2014-2016. Imports of finished products are expected to stand at 7.6 mln metric tonnes in the same year. CISA reminded...