Journalist // Managing Editor at @SPGCIMetals
London // ex-Berlin
Joined September 2013
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Laura Varriale retweeted
Tata Steel Europe's path to decarbonization
🔸#TataSteel still in negotiations with Dutch gov for funding
🔸Europe's #steel industry faces difficult situation
🔸Industry needs to explain path to #decarbonization better to public
Link to full interview in this thread⬇️
I have been in three different countries at steel events over the past month and every. single. time. I ended up having a Kate Middleton discussion (and no, I never initiated the topic). This is worse, and longer, than the Titan submersible discussion of 2023.
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I'm always amazed by the figurative speech of Thyssenkrupp shareholders: "green worm" = energy transition, "green octopus tentacles" = energy policies (?), usual recurring Beckett wordplay "waiting for Godot" = still no solution for steel
#tkhv2024
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"prices of grey steel and green steel will continuously align until the 2030s" - not sure Lopez wanted to make such a statement so publicly (judging from the grunting immediately afterwards) #tkhv2024
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Tata Steel putting a lot of hope here in having enough high-grade DRI pellets and scrap for the future EAF, on top of energy costs - gonna be pricey, but they say it's the only viable option #welshaffairscomittee
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don't quite get the argument of moving away of global trade volatility by not importing iron ore/coking coal as if local scrap prices (if volumes available) would be detached from global scrap prices
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The Tata Steel move is certainly more radical than other European steelmakers, they dodge a bridging solution and go straight in for the EAF, being dependent on imports (and the price fluctuations!). Happy import quota days for traders to come...
spglobal.com/commodityinsigh…
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Well, turns out the speculation wasn’t that wild. Tata Steel going against the trend of keeping BFs running while EAF starts. #PortTalbot
Ok so it appears that Port Talbot is heading to the production capacity it was actually producing by idling two BFs and establishing one EAF. Very curious to see the timeline between idling two and building one. Market speculation is WILD on that.
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Ok so it appears that Port Talbot is heading to the production capacity it was actually producing by idling two BFs and establishing one EAF. Very curious to see the timeline between idling two and building one. Market speculation is WILD on that.
The Saudi Arabian government is in overdrive mode to become a leader of the minerals "super region" watch the vid I recorded in Riyadh and dive into this read on the past couple of days:
spglobal.com/commodityinsigh…
#FMF24
We report from the ground of the Future Minerals Forum in Riyadh, where #SaudiArabia is developing a major new strategy.
Check out our latest update: okt.to/qiyzTk
#mining #metals
Merry Christmas from
Northern Germany where Father Christmas delivers sandbags for an incoming flood on Christmas eve #Hochwasser
Laura Varriale retweeted
Insightful global steel markets presentation by my @SPGCI colleague @Laura_Varr during today’s London Metal Exchange Seminar. #LMEWeek
Had lots of fun hosting this podcast on #greensteel, #energytransition and the most anticipated acronym in the industry, #CBAM
In the latest #FutureEnergyPodcast, our experts dive deep into Europe's #steel industry and its role in the #energytransition! 🌍🏭
How is European steel leading the way in creating a market for lower #CO2 emission steel?
🎧 Full episode (20:31): okt.to/FvlHGB
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Discontent in the UK #steel industry as Tata Steel is supporting its own production with Indian imports - expected to fill up quotas until end of year leaving importers high and dry (or with the dilemma of not clearing imports vs paying a 25% duty). A little write up by myself:
#Steel industry body calls on UK to act immediately on hot-rolled quota #imports | okt.to/A0h4DK
#metals
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