Stricter EPA air-quality standards could hit steel
The US Environmental Protection has announced more stringent air quality standards that could impact domestic steel producers.
Category: Environment and Energy
SunCoke earnings recover in Q4, posts full-year gains
SunCoke Energy Inc.’s earnings improved in the fourth quarter, driven by higher coal-to-coke yields, the company said in its Q4, and full-year results on Feb. 1.
U.S. Steel to shut down Clairton coke battery
U.S. Steel is to permanently idle battery No. 15 at the Clairton coke plant in its Mon Valley works in Pennsylvania following a series of air pollution incidents and fines.
SMA cheers extension of US-EU talks on CO2 emissions in steel, aluminum
The Steel Manufacturers Association (SMA) outlined its praise for the US and EU extension on negotiations towards the proposed Global Arrangement on Sustainable Steel and Aluminum.
Steel associations respond to Steel Standards Principles introduced at WTO
SMU asked the two major US steel associations for their thoughts on the Steel Standards Principles. Here’s what they had to say.
USITC continues fact-finding investigation on GHG emissions
The US International Trade Commission (ITC) held a hearing on Dec. 7 with testimonies from members of the domestic steel industry. The USITC is leading a fact-finding investigation on US greenhouse-gas (GHG) emissions.
Carbon border tax proposed in revival of Clean Competition Act
On Dec. 6, US Senator Sheldon Whitehouse (D-RI) reintroduced the Clean Competition Act, an environmental trade directive that would impose charges on imports from more carbon-intensive manufacturers.
Steel Standards Principles introduced at COP28 in Dubai
A group of organizations and stakeholders introduced a set of Steel Standards Principles at the COP28 UN Climate Change Conference.
Global Steel Climate Council appoints executive director
The Global Steel Climate Council (GSCC) announced on Dec. 4 the appointment of an executive director.
Canada, EU form green alliance
Canada and the EU have established a Green Alliance, pledging to align their domestic and international climate policies in the pursuit of climate neutrality.
Trane ships more than 1 million HVAC units made with green steel
A year after signing purchase agreements with two US steelmakers, Trane Technologies has shipped more than 1 million HVAC units produced with low-carbon steel.
SSAB’s Jeff Moskaluk on Wind's Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.
SSAB Americas to Supply Low-Carbon Steel for Wind Towers
SSAB Americas will supply its low-carbon SSAB Zero steel to GE Vernova Onshore Wind for wind towers in North America.
Sparrows Point Site Gets $47.4M in Funding for Offshore Wind Project
The historically significant Sparrows Points steel mill site in Baltimore is set to live another life as a wind turbine factory under the name “Sparrows Point Steel.”
Russel Metals Q3 Earnings Slip on Volatility
Canadian metals distributor Russel Metals reported lower earnings in the third quarter as the company “navigated through volatile market conditions.”
AISI: The Environment Is a Trade Issue - Why Carbon Tariffs Are Needed
The American steel industry is the backbone of the US economy and produces the cleanest steel in the world.
SunCoke Earnings Tumble in Q3; Deal With USS on Granite City Moves Forward
Although SunCoke Energy Inc.'s third-quarter earnings slumped due to market challenges, the company said it is content with its third-quarter performance.
US Rig Count Increases, Canada's Slips
The active rig count for the week ended Oct. 27 inched up in the US but edged down in Canada, according to oilfield services provider Baker Hughes.
Leibowitz: The Global Energy Revolution Meets Trade Bottlenecks
Electricity demand worldwide is growing significantly, requiring massive investments in the electric grid to supply increased needs and desire for electricity. A recent report by the International Energy Agency (IEA) indicates that global demand for electricity will double from 2020 to 2050. In developed economies, the growth rate will be somewhat lower. But it will […]
USS, NETL to Test Carbon Capture Technology at Edgar Thomson Plant
U.S. Steel and the National Energy Technology Laboratory (NETL) plan to test carbon-capture technology at the company’s Edgar Thomson Plant in Braddock, Pa.
Leibowitz: Readout of the SMU Steel Summit—Steel Decarbonization
As the Oct. 31 deadline approaches to reach an agreement on steel matters, the US and EU are headed for an impasse.
Leibowitz: The Steel Mess—Decarbonization, Overcapacity, and Stalemate
Steel trade continues to cause dissension among our friends, perhaps more so than our adversaries. The conflict between the US and EU is the most talked about, but it impacts others including Japan, Brazil and India.
Steel Groups Urge US-Made Material to Receive IRA Tax Credits
Five domestic steel trade associations wrote a letter requesting the government to ensure the use of US-made steel in certain components of wind and solar projects receiving federal funding. Addressing the letter to US Treasury Secretary Janet Yellen, the groups included the American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), American Institute of Steel Construction (AISC), […]
Rig Counts: US Drops, Canada Sees Modest Increase
The rig count roller coaster continues, with numbers dropping in the US but inching up in Canada this week, according to the latest data from oilfield services company Baker Hughes. The total US rig count dipped to 664 active rigs as of July 28, down five from the week prior. Active oil rigs in the US decreased […]
Rig Counts Fall in US and Canada
The active rig count in the US and Canada dropped in both countries, according to the latest data from oilfield services company Baker Hughes. The total US rig count stood at 669 active rigs as of July 21, down six from the week prior. Active oil rigs in the US decreased by seven to 530, while […]
Rig Count Down in US, Up in Canada
After seeing an increase last week, the active rig count in the US is back down. Canada’s rig count, however, saw an increase from the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count sat at 675 active rigs as of July 14, down five from the week prior. […]
Rig Counts Rebound in US and Canada
After nine weeks of declines, the oil and gas rotary rig count is back up in the US. Canada’s count also saw an increase from the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count sat at 680 active rigs as of July 7, up six from the week […]
CRU Aluminum: Trade Deal Opens US to More Shipments from India
The United States and Indian governments have agreed to terminate six disputes at the World Trade Organization (WTO). Benefits from the settlement include opening the US to more shipments of steel and aluminum made in India, according to New Delhi. “As a part of the agreement, the US has agreed to grant market access to […]
Consumer Confidence Recovers in June
US consumer confidence rebounded in June after having fallen consecutively since April. The result jumped to its highest level since January 2022 and came as fewer households are expecting a recession, The Conference Board reported. The headline Consumer Confidence Index rose 7.2 points to 109.7 in June from 102.5 one month ago. And while both […]
SMU Steel Demand Index Down Further, Hits Seven-Month Low
Editor’s note: Steel Market Update is pleased to share this Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, contact Lindsey Fox at lindsey@steelmarketupdate.com. Steel Market Update’s Demand Index reached a seven-month low this past week, according to the latest survey data. Apparent demand for flat-rolled steel in the […]