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Copper: higher price needed to incentivize startup of new projects
Copper prices will have to rise to incentivize the new supply the world needs to meet decarbonization and electrification goals. Global demand for copper is expected to grow from the current 25 million tons to 50 million tons in 2035 and to 53 million tons by 2050, if...
Commodities: Metinvest diversifies supply to European assets
Metinvest has diversified the supply of semi-finished products for its foreign assets in Italy and Britain, which have been left without raw materials from Ukraine due to the Russian occupation of Mariupol. The company's CEO, Yuri Ryzhenkov said, At first they had...
Coke: Tata Steel’s technology reduces consumption and CO2 emissions
Tata Steel has installed "Topscan" technology in its two Port Talbot blast furnaces, which will reduce the amount of coke needed in the furnaces and CO2 emissions by at least 50,000 tons per year. The technology captures 1,000 data points every ten seconds, providing...
Steel: world production down
According to the World Steel Association, world crude steel production for its 64 member countries was 147.3 million tons (Mt) in October 2022, down 1.1 percent from the same period a year earlier. Top 10 steel producing countries China produced 79.8 Mt in October...