Price Dynamics: Energy, Steel, and Global Market Forces
Welcome to Price Dynamics, where we dive into the complex world of global market forces shaping industries like steel and beyond. From energy costs to geopolitical shifts, natural disasters, and manpower shortages, we analyze how these factors impact pricing and production across various sectors. Join us for weekly insights and discussions on the driving elements behind market trends.
-
Steel and the Oil & Gas Industry: A Symbiotic Relationship
The Interconnected Nature of Steel and the Oil & Gas Sector Steel as a Fundamental Material in Oil & Gas Infrastructure The Steel is one of the main materials used for developing the infrastructures in the oil and gas industry is heavily dependent on steel.From. All the upstream facilities like the drilling rigs and offshore…
-
ArcelorMittal South Africa: Financial Losses and a Call for Government Action
Contributing about 70% of South Africa’s steel, ArcelorMittal South Africa (AMSA) has become a key player in the country’s industrial landscape. As the largest steel producer in the country, it plays a vital role in the country’s infrastructure development. AMSA is current facing severe financial crisis and has issued stark warnings about substantial losses. They…
-
The Growing Role of Renewable Energy in the Steel Industry
Why Renewable Energy is Critical for the Steel Sector Steel Production – An Energy Intensive Process Steelmaking methods, such as blast furnace (BF) or electric arc furnace (EAF) processes, require large amounts of energy, making it one of the most energy-intensive industries. The energy that they use is often derived from non-renewable sources such as…
-
The Crucial Role of Energy Costs in Steel Production
Energy as a Major Expense in Steel Manufacturing Overview of Steel Production Processes Steel production is an energy-intensive industry, with the primary production methods—blast furnaces (BF) and electric arc furnaces (EAF)—both heavily dependent on energy. To convert iron ore to molten iron, the BF method uses coke and coal to generate a significant amount of…
The Price Influence 