Weekly pricing assessments provide current data on flat-rolled steel, scrap, and futures, while an interactive pricing tool delivers real-time price tracking. SMU also offers comprehensive market trend analysis, covering industry sentiment, demand patterns, inventory levels, and economic indicators.
If you are looking for more details, kindly visit New Energy Era.
Their sentiment surveys and inventory tracking help businesses anticipate shifts in the market, while demand analysis provides insights into key sectors like construction and automotive.
These services allow companies to adapt to changing market conditions effectively.
Our world is built with steel. It’s in our cars, skyscrapers, and wind turbines. It’s a resource that we can’t live without and a resource that we can’t afford to keep making in the same way we always have.
Are you interested in learning more about Latest Steel News? Contact us today to secure an expert consultation!
Steel has many applications, but it has only two sources: iron ore and recycled scrap. Almost all steel products are a mix of these two inputs, giving products their unique material properties. Increasing the amount of scrap we use, which requires only about 10 percent of the energy needed to produce steel from ore, is an essential path to decreasing the steel sector’s emissions footprint, but there is not enough scrap available to satisfy the world’s demand for steel. So, we also must clean up the way we make new steel from iron ore, which currently accounts for nearly three-quarters of the steel consumed globally.
Ore-based steel is primarily made using coking coal in a centuries-old, highly polluting process. As a consequence of this and other fossil fuel use, the steel industry makes up roughly 11 percent of global GHG emissions, making it the single largest industrial emitter.
Transitioning existing fossil fuel-based steel production facilities and building new ones with near-zero emissions technology is essential to aligning the iron and steel sector with a safer climate future. This work can’t afford to wait — it needs to start this decade.
The steel industry must modernize, or it risks locking in inefficient, resource-intensive technology. Technology roadmaps and transition strategies are showing us the way. We need to maximize recycling rates everywhere to accelerate the growth of scrap-based production, commission near-zero emissions ore-based production technologies like hydrogen direct reduction, and reduce overall demand for steel.
Contact us to discuss your requirements of Latest Environmental News. Our experienced sales team can help you identify the options that best suit your needs.