The Price Influence

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.
  • The Crucial Role of Energy Costs in Steel Production

    The Crucial Role of Energy Costs in Steel Production

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    by

    Euan Yang
    in

    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…