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    Vale proposes iron ore briquette plant for US Gulf Coast

    Written by Laura Miller


    Rio de Janeiro-based metals and mining conglomerate Vale could potentially build a new plant for the production of iron ore briquettes in the US.

    Vale’s plant proposal is one of six iron and steel projects chosen this week to move forward with award negotiations by the Department of Energy (DOE) as part of its Industrial Demonstrations Program. The Infrastructure and Investment Jobs Act (IIJA) and the Inflation Reduction Act (IRA) are providing the program’s grant monies – in excess of $6 billion – to drive decarbonization across American industry.

    Laura Miller

    Read more from Laura Miller

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    Price on Trade: Milwaukee Framework is a step forward on steel excess capacity

    Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.