Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran. The 60-day waiver for the Jones Act aimed to lower energy costs but has had little impact on oil prices, which continue to rise amid the ongoing conflict.
Stegra has agreed in principle on €1.4 billion in new financing to complete the construction of what would be the world's first large-scale green steel plant, located in Boden in northern Sweden.