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Chinese investment in electric vehicles sets a new record

China could produce 10 million more vehicles per year, equivalent to two-thirds of all North American production in 2022....

BHP extends March iron ore discounts

Australian iron ore miner BHP has increased discounts on its Jimblebar Fines (JMBF) and Mining Area C Fines (MACF) forward contracts, while narrowing...

Ukraine resumed electricity trade with Hungary for the first time in 2 years

This is the first export of Ukrainian electricity to EU countries since February 2024....

Ukrainian railways want to resume sales of scrap metal

Ukrzaliznytsia will continue to sell scrap metal after determining the procedure for approving the Cabinet of Ministers - the procedure for the sale...

Global steel production fell by almost 2% in January 2024

The drop was mainly due to a decrease in smelting in China and other Asian countries. The largest growth was demonstrated by the countries of the...

DTEK machine builders have released the second roadheader of a new line

Its weight is almost 55 tons - 20% more than previous models, and the electro-hydraulic part is made using components from leading European...

Ukraine reduced exports of uranium-containing ores by 2.4 times

According to statistics released by the State Customs Service (SCS) on Friday, in monetary terms, exports of titanium-containing ores and concentrate...

The rise in steel prices in Europe did not take place due to low demand

European buyers were not willing to significantly replenish stocks from local or foreign suppliers. The average distributor doesn't even buy at lower...

Thyssenkrupp will supply Siemens with low-CO2 electrical steel

Siemens Energy will produce 700 transformers from Thyssenkrupp steel at its plant in Weiz in Austria....

Thyssenkrupp announces tender for hydrogen supply for DRI plant

The first use of hydrogen in factories is planned for 2028....

Metinvest reduced steel production, but increased mining and processing of iron ore raw materials

Since August 2023, a sea corridor began to operate for merchant ships traveling along the Black Sea from or to Ukraine, which, in particular,...

Steel market fundamentals are changing in Europe - Argus

Changes to EU steel protections could further push up the premium for Italian HRC as the cheapest import options in recent months could end up...

Von der Leyen proposes exporting green steel from Mauritania to the EU

European business mission will visit Mauritania in March to explore investment opportunities...

Eurofer has lowered its forecast for steel consumption in 2024

With weak steel demand in 2023, the market share of imports in total consumption in Europe remained high....

Rolled metal production at Zaporizhstal increased 2.6 times

The increase in production levels in January 2024 compared to the same period last year is due to the removal of blast furnace No. 2 from hot...

Victor Pinchuk's pipe plant warns of the negative impact of changes in tax policy in Ukraine

The activity of the enterprise may be negatively affected by instability of legislation, in particular changes in tax policy, deterioration of the...

A rocket street will appear in Beijing

To accelerate the development of the commercial aerospace industry, Beijing will continue to devote resources in aerospace science and technology to...

Tata Steel resumes operation of blast furnace No. 6 in the Netherlands

Tata Steel re-ignites the IJmuiden blast furnace...

Италия подписала с "Метинвестом" меморандум о взаимопонимании по созданию интегрированного промышленного проекта в муниципалитете Пембино

Стальной комплекс в Пембино является одним из основных центров переработки стали в Италии и Европе, и Министерство бизнеса и проект "Сделано в...

Korea lifts import tariffs on some stainless steel rods

Duties on stainless steel rods from Japan, India and Spain were last extended on January 22, 2021 for the fourth time in three years at rates of...

Tata Steel will shut down its last two blast furnaces in the UK

Tata Steel will close two of its Port Talbot blast furnaces this year as part of a shift to greener EAF steel production that aims to "reverse...

Ukraine lost another 42% of export revenue from ferrous metals trade in 2023

Statistics of Ukrainian exports of ferrous metals continued to deteriorate in 2023 after falling by 67.5% in 2022....

Ukrainian exports of steel semi-finished products and billets continued to fall in 2023

Exports of steel billets and semi-finished steel products from Ukraine in 2023 decreased by another 36% after a fall of 72% in 2022....

More than 10.5 million new passenger cars were sold in the EU in 2023

The European vehicle market grew last year in all countries of the bloc with the exception of Hungary....

Coal production in China is breaking records, and its imports have increased by 60%

The Chinese economy is in no hurry to abandon coal, setting new records in its production and consumption....

Czech steelmaker Liberty Ostrava's restart postponed

The timing of the restart of the plant of the Czech steel producer Liberty Steel Ostrava is still unclear, since the issue of debts has not been...

Global stainless steel production increased by 2.5%

The World Stainless Steel Association released data for the first nine months of 2023 showing stainless steel production rose 2.5% year over year to...

Ukrhydroenergo is preparing lawsuits against the Russian Federation for the destruction of the Kakhovka hydroelectric power station

Ukrhydroenergo is the largest hydro-generating company in Ukraine. The destruction of the Kakhovka Dam caused nearly $14 billion in damages to...

Vestas plans to build a second offshore energy plant in Poland

The new wind turbine blade factory is planned to be located on a site in the northern part of Szczecin, which Vestas acquired in February 2023....

ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne

The move comes as contract negotiations continue with automakers and the wider supply chain, with most factories trying to secure contract extensions...

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