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India’s Finished Steel Exports Fall 40% Amid Weak EU Demand, Becomes Net Importer in 1H24
India’s finished steel exports fell sharply by 39.6% year-on-year over April-August, driven largely by declining demand from the European Union, according to data from the Joint Plant Committee. The total exports during this period amounted to 1.92 million metric tons (MMt), with the steepest declines seen in key EU markets…
Lignite Coal Power CCS Project in North Dakota Secures First $4.1M Federal Tranche for Carbon Capture
The Project Tundra initiative, a demonstration project aimed at capturing 4 million tons of carbon dioxide (CO₂) annually from two lignite-fired units at the Milton R. Young Station in North Dakota, has received a significant boost. The U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) has awarded the project $4.1 million as part of a larger $350 million cost-share commitment. This funding marks the first tranche to support the development of carbon capture and storage (CCS) technology at the 705-MW coal power plant near Center, North Dakota…
Regulatory Report on Grosvenor Fire Released, Prompting Broader Industry Inspections
A fire that raged for most of July at Anglo American’s Grosvenor coal mine in Queensland has raised serious safety concerns, prompting an extensive investigation and inspections at other coal mines…
Hurricane Helene’s Impact on U.S. Steel Demand, Supply, and Prices
The U.S. steel industry is grappling with the effects of Hurricane Helene, which hit the southern states from Florida to Tennessee late last week. The
Taking Stock: Global Thermal Coal
I’ll start out with this first post by taking the temperature of the global thermal coal markets and looking out over the next year or so.
Google Could Leverage Small Nuclear Reactors to Power Data Centers Amid AI Boom
As artificial intelligence (AI) continues to revolutionize industries, major tech companies are grappling with the massive energy demands required to power their growing infrastructure. Among them, Google is exploring innovative solutions to meet its energy needs while maintaining its commitment to carbon neutrality by 2030…
Steel Prices Bottoming Out Amid Cautious Optimism for 2025
At the Siderweb Forum’s roundtable discussion titled “Steel in Italy and the World,” steel industry leaders expressed cautious optimism for a potential recovery in 2025, suggesting that current steel prices may have bottomed out after a prolonged downturn…
Potential Impact of Longshoremen’s Strike on Coal Exports: Limited Disruptions Expected
The looming threat of a strike by the International Longshoremen’s Association (ILA) on 1 October has raised concerns across various industries reliant on U.S. port operations. But while containerships would likely face significant backlogs at U.S. Gulf and East Coast ports, commodities like coal may see minimal impact…
Tata Steel Commissions India’s Largest Blast Furnace, Expands Kalinganagar Capacity
Tata Steel achieved a significant milestone in its expansion efforts by commissioning a new blast furnace at its Kalinganagar plant in Odisha last week, boosting the facility’s capacity from 3 million tonnes (mt) to 8 mt annually…
US Proceeds with Section 301 Tariffs on Chinese Commodities
The United States is moving forward with Section 301 tariffs on a range of Chinese commodity imports, including steel, aluminum, lithium-ion batteries, and other critical minerals, as announced by the Office of the United States Trade Representative (USTR) on September 13, 2024…
