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Fastmarkets launches new European carbon-reduced flat steel price, catering to growing demand for sustainable steel production

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Fastmarkets, one of the industry’s leading cross-commodity price-reporting agencies (PRA), announces the launch of a new European reduced carbon emissions flat steel price.

This new price, which is for domestically produced steel, forms part of Fastmarkets’ growing suite of prices that cater to steel decarbonization and is a testament to our commitment to providing accurate and timely market information.

The reduced carbon emissions flat steel price is a differential paid for flat steel produced in European blast furnaces with carbon emissions of 1.4-1.95 tonnes of CO2 per tonne of steel.

According to Andrew Wells, global steel editor and steel pricing director: “A liquid market is emerging where buyers are currently paying around 30-60 euros/tonne for spot cargoes. This new price will provide transparency and help buyers make informed decisions in this fast-emerging market.”

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“I am excited about the launch of our new reduced carbon flat steel price. This is not just a new product but a significant step forward in our commitment to sustainability and innovation,” said Raju Daswani, CEO of Fastmarkets. “In the emerging decarbonized steel market, accurate pricing is crucial. Our new reduced carbon flat steel price will provide much-needed transparency, fostering fairer trade and encouraging further innovations in the sector. As we move towards a greener future, we believe this initiative will play a pivotal role in driving the industry’s transition to low-carbon production methods.”

Wells added: “Our approach acknowledges that there are distinctly different premiums paid for steel produced with 0-1 tonne of CO2 (the current range is 150-250 euros) and 1.4-1.9 tonnes of CO2. This new price will provide a more accurate representation of the market and help drive the transition to more sustainable steel production.”

This new price tracks steel produced with carbon emissions that are higher than the maximum 1 tonne of CO2 tracked by Fastmarkets’ flagship European green steel differential, which was launched in June 2023. Our growing suite of prices catering to steel decarbonization also includes the green steel price launched in East Asia in September 2023 and high-grade iron ore in February 2023. Fastmarkets also has the physical and financial benchmarks for 65% Fe fines iron ore.

The new price will be published every Thursday as the Europe green steel differential. Called the ‘reduced carbon emission flat steel differential’, it will be the first of its kind in the market. Alongside it, Fastmarkets will also launch a daily inferred base price. This price is calculated by adding the weekly reduced carbon differential to Fastmarkets’ established daily North Europe domestic HRC price, giving an accurate daily snapshot of the per-tonne cost of buying reduced carbon steel.

Fastmarkets is proud to be the first PRA to launch price tracking this specific slice of the market, further solidifying our position as a leading provider of market intelligence in the commodities sector. The new European carbon-reduced flat steel price is a significant step towards a more sustainable future for the steel industry, and Fastmarkets is committed to supporting this transition.

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GiG Media announce rebrand following spinoff announcement from Gaming Innovation Group

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New name. New logo. Same great affiliate.

Today marks the day of the official launch of GiG Media’s rebrand following the announcement of the spinoff from Gaming Innovation Group (GiG) platform and sportsbook.

We are pleased to announce that GiG Media has undergone a rebranding process in light of the spinoff and it’s thereof with great enthusiasm that we present our new independent brand, Gentoo Media.

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The company will from now on be trademarked under Gentoo Media, and will operate under the name Gentoo.

Whilst introducing our new company name, along with our new logo and visual identity we ensure that Gentoo remains the same great affiliate, with the same great people, and the same great brands that we have become recognised for.

The rebrand marks a significant milestone in the company’s history in becoming a stand alone business in the second half of 2024*, continuing our track record of dominating the iGaming affiliate market with 13 successive quarters with all-time high revenue and strong EBITDA-margin reaching 48% in the last quarter.

Gentoo will continue to focus on our unwavering commitment to deliver superior results, growth and sustainable long-term partnerships, ensuring our partners that with Gentoo, you get more.

Our new company name Gentoo Media pays a tribute to GiG Media’s Rebel Penguin heritage, as Gentoo is an Antarctic penguin species known for prospering by coming together as a unit to survive and thrive. Gentoo further symbolises the next generation of the company’s legacy, opening a new chapter while continuing our path as a market leading affiliate, shaping the future of affiliation.

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GiG Media will from today be found under a new array of assets under the Gentoo brand.

“The launch of our new brand is a big milestone for us in the process of separating GiG Media from Gaming Innovation Group. Gentoo has been created with all our partners and employees in mind, ensuring to communicate an accurate and genuine view of ourselves, the business and what we stand for and believe in. The launch of Gentoo marks a new era and we couldn’t be more excited for the future prospects of the business.” – Jonas Warrer, CEO

“The rebrand of GiG Media marks a pivotal moment in the separation of Gaming Innovation Group into two independent businesses, and is a vital step in the process of increasing shareholder value. The launch of Gentoo is a testament to the organisation’s dedication in delivering superior quality and results in every aspect of the business, and is setting the company off to a great start.” – Mikael Harstad, Chairman of the Board

The post GiG Media announce rebrand following spinoff announcement from Gaming Innovation Group appeared first on European Gaming Industry News.

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Exciting Changes to the European Gaming Congress 2024: More Value for Operators & Affiliates!

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HIPTHER is thrilled to announce a dynamic shift in focus for the upcoming European Gaming Congress (EGC) 2024, taking place in the vibrant city of Warsaw between 15-16 October! Our aim is to better serve our community of operators and affiliates by offering a richer, more diverse range of topics and panels.

While we will continue to provide critical insights with two compliance panels focused on Poland and the combined Nordic + D-A-CH regions, we are expanding our agenda to include exciting new topics that cater specifically to your interests and needs:

Esports: Exploring the rapidly growing world of competitive gaming and its integration with traditional gambling.

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SEO: Strategies to optimize your online presence and drive more traffic to your platforms.

Marketing & PR: Innovative approaches to branding, customer engagement, and public relations in the gaming industry.

Fintech: Discovering the latest financial technologies transforming the gaming payment landscape.

Blockchain: Understanding how blockchain technology is revolutionizing transparency, security, and operations within gaming.

Special Offer: 30 Free Tickets for Affiliates and Operators!

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To celebrate these exciting changes, we are offering 30 FREE TICKETS exclusively for affiliates and operators. This is your chance to gain invaluable knowledge, network with industry leaders, and stay ahead of the curve in the ever-evolving gaming landscape.

Don’t miss out! Secure your free ticket today and be part of the transformation at EGC 2024.

Claim Your Free Ticket Now: https://hipther.com/events/egc/freetickets-egc2024/

Join us in Warsaw for a groundbreaking event that promises to deliver unparalleled insights, innovative discussions, and exceptional networking opportunities. We look forward to welcoming you to the European Gaming Congress 2024!

Stay tuned for more updates and detailed agenda announcements.

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The post Exciting Changes to the European Gaming Congress 2024: More Value for Operators & Affiliates! appeared first on European Gaming Industry News.

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SOFTSWISS Triumphs at EGR B2B Awards 2024

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Affilka by SOFTSWISS, a leading provider of affiliate management software for iGaming, wins in the Affiliate Software Supplier category at the esteemed EGR B2B Awards 2024.

The EGR B2B Awards celebrate the very best service providers in the online gaming industry. The accolade recognises the achievements of suppliers from across all the major industry spheres, including gaming and betting software, IT and infrastructure, payments and safer gambling tools.

Award-winning Affilka by SOFTSWISS provides top-notch affiliate management software that integrates with any casino, sportsbook, or poker platform, ensuring productive operator-affiliate relationships. Currently, the software powers over 360 brands, having almost 260 thousand affiliate accounts. 

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The software includes integrated payment systems, which help operators to process payments directly from the Affilka’s back-office in a few clicks. The software also provides interface customisation, multi-product management and dedicated support. Zero setup fees and real-time tracking and reporting also represent significant advantages of the platform.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, expresses his pride: “The team is honoured to achieve such a valuable accolade. Our unwavering commitment to pushing the boundaries of possible and changing the iGaming industry for the better through technologies and innovations made this prominent win real. On behalf of the entire team, I extend my heartfelt gratitude to all our partners and clients, whose trust and support fuel our enthusiasm.”

Success at the EGR B2B Awards is the second accolade to the Affilka by SOFTSWISS’ collection in 2024. In March, the company was named the best Affiliate Marketing Solution at the Asia Gaming Awards.

SOFTSWISS was also named as a silver winner in the Sportsbook Platform Supplier category at the EGR B2B Awards. The SOFTSWISS Sportsbook covers 2,000+ unique markets with 100,000+ live events in 200+ sports, including esports and premium cricket. It provides a seamless, secure, and efficient environment for both operators and players. 

 

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About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 20,000 casino games, the Affilka affiliate platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

The post SOFTSWISS Triumphs at EGR B2B Awards 2024 appeared first on European Gaming Industry News.

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