European steel price rise that began in January will be short-lived - MEPS

By mid-January, several large European steel producers announced significant price increases to the market, citing cost increases. Distributors are...

Steel production in China rose in the first decade of January

In the first 10 days of January 2023, 1.93 million tons of steel were smelted in China, which is half a percent more than in the first ten days of...

UK is ready to give 300 million pounds to save British Steel

Save our Steel: The UK government hopes this will convince the Chinese Jingye Corporation to stay in the UK business and continue to invest in the...

Carriage building plant in Kremenchug stopped production due to debts

The Government of Ukraine ordered wagons from KVSZ for Ukrzaliznytsia, planned funds for this, and the railway from the end of 2021 to November 2022...

Europe's passenger car market records its worst year since the turn of the century

In 2022, 9.3 million new passenger cars were registered in the EU, the lowest level in the region since 1993....

China's crude steel production in 2022 falls for the second year in a row

Chinese steel production is forecast to recover between the end of February and March. However, the recovery in steel demand this spring is likely to...

Sweden announced the discovery of Europe's largest deposit of rare earth metals

Rare earths are not currently mined in Europe, leaving the region dependent on imports from other countries. At the same time, demand is expected to...

Interpipe reduced steel production and sharply reduced capital investment

The pre-tax profit of Victor Pinchuk's metallurgical company amounted to $199.975 million compared to $56.505 million in the first nine months of...

Dneprovsky Metallurgical Plant continues to operate rolling shops using tolling raw materials

The partners resumed work at the end of the year, after the accumulation of raw materials, the DMZ heating furnace was put on heating on January 2,...

BMZ expands its line of pipe products

Most buyers of the products of the Belarusian Metallurgical Plant use the pipe in the oil industry....

Zaporizhstal Metallurgical Plant mastered eight new types of products in 2022

During 2022, the Zaporizhstal metallurgical plant of the Metinvest group launched the production of eight new types of cold-rolled and hot-rolled...

Ukrzaliznytsia announced the purchase of rails in France cheaper than in Metinvest before the war

Prior to the start of Russia's special military operation in Ukraine, the main supplier of rails for Ukrzaliznytsia was the Mariupol plant...

Taiwan bans stainless steel exports to Russia and Belarus

Taiwan was one of the leading suppliers of stainless steel in Russia. According to the estimates of the Spetsstal Association, its share in stainless...

Nucor Rolls First Steel Sheet at New Kentucky Steel Plant

Nucor Steel Brandenburg in Brandenburg, Kentucky, is currently the only steel mill in the United States and one of the few in the world capable of...

British Steel seeks financial support from the government to continue work

The collapse of British Steel could cost the UK government up to £1bn...

Rio Tinto and Baowu take next step towards joint venture in Guinea

The problem of transporting high-quality iron ore from the world's largest undeveloped project, Simandu, hinders its development...

Norwegian startup to build €4bn green steel plant

A manufacturing facility in Finland will have a clean hydrogen production plant powered primarily by wind power. The steel producer will directly or...

The US continued to reduce steel imports in December year-on-year

According to the US Department of Commerce, 1.98 million tons of steel import permits were issued in December 2022, down 24% from December 2021....

S&P: Russia will continue to dominate the steel export market in the Black Sea region

Russian steel exporters, still active on the Black Sea spot market, are cutting production, increasing domestic sales, or trying to export more to...

Analysts confident of significant growth in global demand for galvanized steel

The global galvanized steel market is expected to grow by 86.6 million tonnes in 2022-2027, growing at a CAGR of 4.11% over the forecast period....

Tata Steel: Great Britain will need more than 10 million tons of steel to gain energy independence

The UK will need more than 10 million tons of steel in the coming years to become self-sufficient in terms of electricity generation, according to a...

The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore

Enterprises engaged in the extraction of metal ores, coal and a number of other solid minerals will be able to import equipment and raw materials...

The converter shop of the steel plant in Kamensky, Dnepropetrovsk region, resumed work

On Wednesday, December 28, Kametstal resumed operation of converter No. 2 and continuous casting machine No. 3. The units of the oxygen-compressor...

Ferrexpo commented on the arrest of its director in Courchevel

The mining company Ferrexpo plc, with major assets in Ukraine, said that it was aware of the detention in France of its non-executive director and...

Dnipro Metallurgical Plant confirmed the right to supply rolled metal products to Europe

Dneprovsk Metallurgical Plant exports rolled metal products to more than 40 countries around the world. DMZ has a quality management system in...

Misif Appeals Government Agencies Over Electricity Surcharge Decision

The steel industry is in dire need of competitive energy costs...

European Lithium receives first offer from BMW

BMW will make a $15 million down payment, which will be repaid in equal offsets with the supply of lithium hydroxide to the automaker...

Prices for hot-rolled coil in the US are rising despite the lack of demand before the holidays

U.S. hot rolled coil (HRC) spot prices rose this week as mills continued to raise prices even as the market slowed down ahead of the Christmas...

Coal production in Shanxi province increased by 8.9% in January-November 2022

Northern China's Shanxi Province, the country's largest coal-producing region, saw a steady increase in coal production in the first 11 months of...

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