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20 setembro 2023

Tata Steel UK likely to continue importing Indian HRC

Tata Steel UK is likely to continue importing Indian hot-rolled coil (HRC) under the other countries' quota, market sources suggest. The company brought in a 25,000t vessel during the April-June quota period and will clear another 22,000t parcel of Indian material when the quota resets on 1 October

20 setembro 2023

Chevron Australia, LNG workers’ talks end in failure

Three days of conciliation sessions between union group the Offshore alliance (OA) and Chevron Australia have failed to lead to an agreement, ahead of a hearing before Australia's workplace arbiter on 22 September. The Fair Work Commission (FWC) ordered the three days of talks to take place between

20 setembro 2023

China's CNGR to build battery CAM, LFP plant in Morocco

Major Chinese lithium-ion battery cathode active material (CAM) precursor manufacturer CNGR Advanced Material is on track to build a production and recycling facility for battery materials in Morocco. CNGR will partner Moroccan private investment fund Al Mada to develop this project to produce lith

20 setembro 2023

Japan’s Mol to charter methanol-fuelled bulk carrier

Japanese shipping firm Mitsui OSK Line (Mol) is chartering a methanol dual-fuel bulk carrier, which is expected to launch in 2027 to carry mainly biomass and grains. Mol's wholly owned subsidiary Mol Drybulk on 11 September singed an initial agreement with domestic shipowner Kambara Kisen on a time

20 setembro 2023

Japan’s Takahama 2 reactor restarts after 12 years

Japan's main power utility Kansai Electric Power has resumed power generation at its 826MW Takahama No.2 nuclear reactor, after an extended closure for stricter safety inspections since 2011. Kansai reactivated the aged No.2 reactor at Takahama in Fukui prefecture on 15 September and resumed test g

20 setembro 2023

Australia’s Orica lifts emissions cut target

Australian chemicals and explosives firm Orica has increased its carbon dioxide (CO2) reduction targets following an emissions abatement system installed at its Kooragang Island ammonia plant in New South Wales. It has committed to targets to reduce net operational scope 1 and 2 emissions by at lea

20 setembro 2023

W Australia awards $650mn battery storage contracts

Western Australia (WA) is advancing its plan to partially replace state-owned coal-fired power stations with battery energy storage systems (ESS), awarding A$1bn ($650mn) in contracts for its Kwinana and Collie projects to Chinese and Spanish firms. China's largest power battery manufacturer Contem

19 setembro 2023

Abiove: Capacidade de moagem cresce 6pc

A capacidade de esmagamento de oleaginosas cresceu 5,6pc nos últimos 12 meses encerrados em agosto e totalizou 69,2 milhões de t no ano, segundo dados da Associação Brasileira das Indústrias de Óleos Vegetais (Abiove). O setor já anunciou R$6 bilhões em investimentos para 2024, informou a associaçã

19 setembro 2023

Lula demands funding for environmental protection

Brazilian president Luiz Inacio Lula da Silva once again demanded that wealthy nations fulfill their decade-long promise to finance environmental protection efforts of their developing counterparts in his speech today at the UN General Assembly. Lula used the global platform to bolster Brazil's pos

19 setembro 2023

GHG credit 'stigma' hurting market: Cop28 leader

The voluntary market for carbon offsets is a crucial tool to address climate change and fund innovative technologies, but credibility concerns are limiting the market's growth, according to the director general of the UN Cop 28 climate summit. "We need to remove the stigma that surrounds carbon cre

19 setembro 2023

Canada digs in on climate policies

Canadian voters will continue supporting controversial climate programs that raise the price of fuels, Canadian environmental minister Steven Guilbeault said today. Regulators have pursued programs to lock in a course of greenhouse gas (GHG) emissions reductions that would outlive any single admini

19 setembro 2023

US housing starts fell to 3-year low, flux mixed

Housing starts fell by a monthly 11.3pc in August to the lowest level since June 2020, with multi-family starts off by more than a quarter amid a surge in borrowing costs and lack of home supply, even as demand for roofing flux got some lift from stormy weather. Total housing starts fell to a seaso

19 setembro 2023

US HDG/CRC: HDG firms as CRC slips

US hot-dipped galvanized (HDG) pricing remained flat amid lean inventories and cold-rolled coil (CRC) prices fell slightly as US autoworkers went on strike at three plants last week. The Argus weekly US HDG price was flat at $860/short ton (st) while the CRC price fell by $15/st to $905/st, both on

19 setembro 2023

US taps new 'exclusion' to deploy EV chargers

President Joe Biden's administration is tapping a provision of this year's debt limit agreement to speed the installation of electric vehicle (EV) chargers developed with billions of dollars in federal funds. Those chargers will be among the first facilities that can avoid time-consuming federal en

19 setembro 2023

US HRC: Auto strike weighs on prices

US hot-rolled coil (HRC) prices fell over the last week as the United Auto Workers (UAW) began a much-anticipated strike, weighing on prices and already resulting in some steel production cuts. The Argus US HRC Midwest and southern assessments both fell by $20/short ton (st) to $670/st ex-works, th

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