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EU steel production emissions will be gradually penalized further from 2026 through to 2034, which will lead to higher costs for existing steel production and incentivize lower-emissions output
ReadFerrous scrap markets are eying an increasingly broader role in steel sector decarbonization as a move to expand electric arc furnace steelmaking in Europe, North America and Asia gathers pace with a stronger need for high purity scrap and direct-reduced iron
ReadDomestic coil prices rapidly rose in March 2022 due to panic buying triggered by Russia's attack on Ukraine on February 24. The market originally anticipated that the geopolitical tension would cut availability of steel and might result in shortage
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