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ArcelorMittal S.A.: ArcelorMittal launches XCarb, signalling its commitment to producing carbon neutral steel

ArcelorMittal S.A.: ArcelorMittal launches XCarb, signalling its commitment to producing carbon neutral steel
XCarb recycled and renewably produced pioneering customer product with CO
2 as low as 300kg/tonne
XCarb innovation fund for breakthrough technologies for net zero steelmaking
17 March 2021 11:30 CET
ArcelorMittal today announces the launch of its first three XCarb initiatives, as part of the company s journey to deliver on its 2050 net zero commitment.
XCarb will ultimately bring together all of ArcelorMittal s reduced, low and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focused on achieving demonstrable progress towards carbon neutral steel. ....

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Dalian coking coal leaps as plants ramp up production to chase profit

Utilisation rates at coking plants inched up
Steel futures traded within tight range
BEIJING, March 17 (Reuters) - Chinese coking coal futures rose more than 3% to a nearly one-month high on Wednesday, propped up by strong demand as coking plants are actively producing to chase profits despite a recent drop in spot coke prices.
Some steel mills started to lower their purchase price of coke for the fifth time this year by 100 yuan ($15.38) per tonne to rebalance uneven profit distribution at coking plants and steelmakers.
However, profits earned by coke producers are still decent, analysts said.
“Utilisation rates at coking plants increased slightly by 0.8% last week from the week earlier,” GF Futures wrote in a note, “coke producers are still profitable and willing to produce. “ ....

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Air Liquide and ArcelorMittal Join Forces to Accelerate the Decarbonization of Steel Production in the Basin of Dunkirk

(2)
Regulatory News:
Air Liquide (Paris:AI) and ArcelorMittal have signed a Memorandum of Understanding (MOU) with the objective of implementing solutions to produce low-carbon steel in Dunkirk. The two companies are joining forces to transform the steel production process through the development of innovative solutions involving low-carbon hydrogen and CO2 capture technologies. This partnership is the first step towards the creation of a new low-carbon hydrogen and CO2 capture technologies ecosystem in this major industrial basin.
Air Liquide and ArcelorMittal have signed an MOU that aims to contribute significantly to the decarbonization of the Dunkirk industrial basin. In the context of the Paris Agreement, the European Commission s Green Deal, and in line with Air Liquide and ArcelorMittal s commitments to energy transition, ....

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Steel shipments jump up to start out 2021

Steel shipments got off to a good start in 2021 by rising 5.3% from December to January, the most recent month for which data was available, but were still down by double digits year-over-year.
U.S. steel mills shipped 7.42 million tons of steel in January, which was up 5.3% from the 7.04 million tons shipped in December but down 13.1% as compared to the 8.53 million tons shipped during January 2019, according to the American Iron and Steel Institute.
U.S. steel mills, including those along the south shore of Lake Michigan in Northwest Indiana that account for nearly half the nation s integrated steelmaking capacity, shipped a total of 81 million tons of steel in 2020, a 15.8% decline as compared to shipments of 96.1 million tons the previous year. ....

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Steel firms may find it tough to export next fiscal as domestic demand increases

Steel firms may find it tough to export next fiscal as domestic demand increases
March 17, 2021
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With the economy returning to normal slowly, steel consumption topped 10 million tonnes in Dec and Jan
Indian steel companies will face problems in maintaining steel exports at current levels during the next financial year given the fact that domestic production will just about meet demand within the country, a top industry official has said.
During the current fiscal, domestic steel production was 103 million tonnes (mt) of which 94 mt were consumed locally, according to Seshagiri Rao, Joint Managing Director, JSW Steel, and Group Chief Financial Officer. ....

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