Laura Varriale

Journalist // Managing Editor at @SPGCIMetals

[Metals by S&P Global Energy @SPGEnergyMetal]

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⬇️

[Laura Varriale @Laura_Varr]

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.

[Laura Varriale @Laura_Varr]

"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

[Laura Varriale @Laura_Varr]

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

[Laura Varriale @Laura_Varr]

so gov (whoever will be in power) needs to up the funding for a DRI plant...

[Laura Varriale @Laura_Varr]

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

[Laura Varriale @Laura_Varr]

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

[Laura Varriale @Laura_Varr]

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...

https://t.co/XFHCC7IDYU

[Laura Varriale @Laura_Varr]

Well, turns out the speculation wasn’t that wild. Tata Steel going against the trend of keeping BFs running while EAF starts. #PortTalbot

[Laura Varriale @Laura_Varr]

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.

[Laura Varriale @Laura_Varr]

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.

[Laura Varriale @Laura_Varr]

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:
https://t.co/yRD1LiyCLG
#FMF24

[Metals by S&P Global Energy @SPGEnergyMetal]

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: https://t.co/gKIrFsZJk1

#mining #metals

[Laura Varriale @Laura_Varr]

Merry Christmas from
Northern Germany where Father Christmas delivers sandbags for an incoming flood on Christmas eve #Hochwasser

[Christopher Davis @CDavis_Metals]

Insightful global steel markets presentation by my @SPGCI colleague @Laura_Varr during today’s London Metal Exchange Seminar. #LMEWeek

[Laura Varriale @Laura_Varr]

It’s not that Germans can’t queue. They just don’t want to.

[Laura Varriale @Laura_Varr]

It was uneventful

[Laura Varriale @Laura_Varr]

My hot-take growing up with 5 bins + compost:

[Laura Varriale @Laura_Varr]

@markhutchings1 @BBCRadioWales Thanks for having me on air on your first shift back!

[Laura Varriale @Laura_Varr]

Gonna go to Highgate tomorrow to see if he’s turned

[Doug Aoki @Nantanreikan]

Fox News anchor: "I remember, 20 years-old, going to Trier, Germany and trying to find the home of Karl Marx 'cause, you know, 1848, he wrote Mein Kampf. I wanted to know what was all about. So, that's part of the education in America."

[Laura Varriale @Laura_Varr]

Had lots of fun hosting this podcast on #greensteel, #energytransition and the most anticipated acronym in the industry, #CBAM

[Energy Expansion and Sustainability by S&P Global @SPGEnergyES]

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): https://t.co/MrAdDeOgrG

[Laura Varriale @Laura_Varr]

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:

[Metals by S&P Global Energy @SPGEnergyMetal]

#Steel industry body calls on UK to act immediately on hot-rolled quota #imports | https://t.co/DNm6rG7naA

#metals