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Hydrogen below $3/kg needed for breakeven green steel in Europe
Fri, 13 May 2022 00:00:00 GMT
Delivered hydrogen prices of below Eur3/kg ($3.10/kg) would be needed for breakeven green steel production in Europe in the current high energy price environment, industry group Hydrogen Europe said in a new report. The cost of producing renewable hydrogen via alkaline electrolysis in Europe was assessed at Eur10.70/kg ($11.18/kg) May 11 (Netherlands, including capex),

Mining equipment maker secures SSAB fossil-free steel supply
Tue, 12 Apr 2022 00:00:00 GMT
Swedish mining equipment maker Epiroc has signed a deal to procure fossil-free steelfrom SSAB. The Swedish steelmaker plans to begin commercial fossil-free steel production by 2026, in conjunction with its Hybrit green direct reduced iron-making joint venture with LKAB and Vattenfall. Epiroc will initially use fossil-free steel for material for a prototype underground machine

Iron Ore May See Structural Shift On Lack Of New Supply, Decarbonisation
Thu, 31 Mar 2022 00:00:00 GMT
Much of the iron ore debate focuses on the outlook for demand in China but bubbling in the background are two factors likely to cause a structural shift in the market for the steel raw material the lack of new supply and decarbonisation. What happens in China is the main driver of short- and medium-term iron ore prices, which isn't surprising given that it buys almost two-thirds of all sea-borne volumes and produces about half of the worlds steel. What receives less attention is the state

Fortescue Williams (WAE) settlement powers development of world's ...
Tue, 01 Mar 2022 00:00:00 GMT
Marking its transition to a global green renewables and resources company, Fortescue has today completed the acquisition of UK-based Williams Advanced Engineering (WAE), in a move that is expected to create up to one thousand new jobs and generate huge investment in decarbonisation initiatives in the years

Chinas key steel hub policy set to lead to long-term decline ...
Mon, 28 Feb 2022 00:00:00 GMT
Chinas Tangshan city will no longer directly play a role in limiting steel output, but instead take a three-prong approach to keep the steel industry close on the decarbonization path, a development that is expected to widen across the country and will lead to reduced crude steel production in the long run, industry sources told S&P Global Platts. Tangshan is Chinas biggest steelmaking hub located in the Hebei province. Tangshan recently released a guideline draft for the development

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