Commodities
British Steel pressing ahead with £26 million investment
(Posted on 20/06/22)British Steel has been given planning approval for a £26 million upgrade to its Special Profiles business.The plans for a new service centre at Skinningrove, which include cut-to-length lines, product milling, machining and warehousing operations, have been approved by Redcar and Cleveland Borough Council.British Steel will...
Trafigura strong in testing times
(Posted on 12/06/22)Trafigura Group Pte. Ltd, a market leader in the global commodities industry, released its half year results for the six-month period ending 31 March 2022. The results show another strong performance in extremely challenging times in global markets that featured heightened volatility, continued supply chain disruptions and, from...
MoU to study using Rio Tinto iron ore in green steelmaking
(Posted on 08/06/22)Rio Tinto and the Salzgitter Group have signed a Memorandum of Understanding (MOU) to work together towards carbon-free steelmaking by studying optimisation of Rio Tinto’s high-quality Canadian and Australian iron ore products for use in Salzgitter’s SALCOS green steel project in Germany.Under the MOU, Rio Tinto and...
Bunge surpasses South American non-deforestation and sustainability targets
(Posted on 03/06/22)Bunge has announced that it has exceeded its non-deforestation targets for monitoring and traceability of soybean crops from its indirect supply chain in the Brazilian Cerrado. Through the Bunge Sustainable Partnership programme, the company is now able to monitor at least 64% of indirect volumes in the priority regions, surpassing...
British Steel launches green hydrogen feasibility study
(Posted on 31/05/22)British Steel is conducting a major study into the use of green hydrogen in the company’s drive to decarbonise its operations and manufacture net zero steel.The steelmaker, which is collaborating with EDF UK, UCL (University College London) and the Materials Processing Institute, has pledged to deliver net zero steel by 2050...
Trafigura makes further commitment to First Movers Coalition
(Posted on 25/05/22)Trafigura Group Pte Ltd., a market leader in the global commodities industry, has made a new commitment as a founding member of the First Movers Coalition. Led by the World Economic Forum and the US government, the First Movers Coalition (FMC) targets the heavy industry and long-distance transport sectors responsible for 30 percent...
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