How electric arc furnaces are adding new steel capacity in the US

If you’re looking to gain an understanding of how the steel industry is transforming, then this episode of "Freight Up" is for you.

Hello, we're Jess and Davide, and we welcome you back to another insightful episode of Freight Up – your go-to podcast for the latest in freight and commodity markets from Freight Investor Services or as some of us know us, FIS.

In our latest episode, we're diving into the dynamic world of electric arc furnaces (EAFs) and their impact on the US steel market.

As we're joined by Ali Oktay, a Senior Analyst at S&P Global Commodity Insights, alongside our other expert guests, we'll be dissecting how the shift to EAFs is adding new steel capacity in the US and reshaping the market landscape.

EAFs have been pivotal in transitioning the US steel market, adding about 20 million tons of EAF sheet melting capacity since 2017, and they offer several economic and operational benefits, including quicker production adjustments and potential lower production costs.

This episode is set to provide you with deep insights into how these developments are pushing pricing ceilings and influencing future trends across global markets.

One key takeaway beyond the innovation of EAFs is how global market trends and trade policies are influencing demand and supply within the US steel market.

Ali discusses how recurring themes, such as trade policy, play fundamental roles in reshaping competitive contexts for US steel.