Oil rises on concerns about supply shortages following recent production cuts by Saudi Arabia and Russia...
Business and Finance
Metinvest continues to fulfill its financial obligations despite the war in Ukraine
Mining and metallurgical holding of Ukrainian businessman Rinat Akhmetov adheres to all obligations to creditors despite the hostilities in the...
EU investigates stainless steel exports from Indonesia
The European Commission has launched an anti-circumvention investigation into imports of cold rolled stainless steel flat products of Indonesian...
JSW Steel is considering buying a stake in Teck's coal division
The Indian steelmaker is in talks with banks about possible funding for the acquisition, which could be in the region of $2 billion....
Turkish exporters demand competitive exchange rate from new Erdogan government
Exchange rates should gradually reach their real value in order to maintain the competitiveness of Turkish steel exporters...
Elon Musk predicts a difficult year for the global economy
Musk stated that no business is immune and a cascade of corporate bankruptcies is expected. The techno-king made this prediction during Tesla's May...
China is rapidly building up bank gold reserves
The People's Republic of China has been actively buying up gold for its reserves since the end of last year, and in the last two months alone, it has...
Gold could top record $2,300 an ounce on concerns over the global economy
The price of gold has been close to the all-time high of $2,075 an ounce in the past few days and could rise above a record $2,300 amid the ongoing...
Gold quotes in March closed with record growth since 2020
Demand for gold has increased as a safe-haven asset amid the situation in the banking sector. Earlier in March, it became known about the closure of...
2023 will be the year of the takeoff of the hydrogen economy, primarily due to metallurgy - Platts opinion
Today, electrolysis is one of the most expensive ways to produce hydrogen in the world. However, Platts Hydrogen believes that the hydrogen market...
World Bank president resigns
World Bank President David Malpass plans to step down in June, a year before his term expires...
War in Ukraine to accelerate world economy transition to clean energy - BP
The Russian war in Ukraine is expected to put pressure on long-term energy demand and accelerate the world's transition to renewables and low-carbon...
Apple decided to raise the price of the iPhone 15 Ultra by replacing stainless steel with titanium
The marketing ploy will explain to iPhone buyers why they will have to overpay at least $ 200....
Ukraine reduced foreign exchange earnings from the export of ferrous metals by 65%
In November, ferrous metal export revenues amounted to $205.647 million compared to $189.836 million in October....
American steel producers raised prices for rolled metal
Producers in the US increased prices for rolled metal products in the traditionally low winter season for steel markets. The market expects further...
ArcelorMittal Kryvyi Rih will receive $100 million from the European Bank for Reconstruction and Development
The provision of working capital within the framework of the sustainability concept of Ukraine will allow, among other things, to continue the...
China publishes guidance on expanding domestic demand
Efforts will be made to comprehensively stimulate consumption and accelerate the improvement of its quality, optimize the investment structure and...
Energy efficiency investment worldwide tops $1 trillion in 2 years
If the current rate of progress can be continued in the coming years, 2022 could mark a turning point for energy efficiency, which is one of the key...
Gazprombank stops operations in Switzerland
The Board of Directors of Gazprombank (Switzerland), part of the Gazprombank (GPB) Group, has decided to cease operations in the Swiss financial...
The price of gold crossed the mark of 1700 dollars
Weak US data led to a significant change in sentiment in the markets of precious metals...
Financial giant Goldman Sachs begins massive layoffs
Goldman Sachs typically cuts between 1% and 5% of its underperforming employees each year, but cuts in 2022 are likely to be well above the right...
ThyssenKrupp invests 2 billion euros in the construction of Europe's largest DRI plant
The board of directors of Germany's largest steel producer has decided to build Europe's largest direct reduced steel plant....
US chip makers caught in crossfire of sanctions
Nvidia and AMD will lose millions of dollars in lost profits as a result of increased tensions between the United States and China and as a result of...
Steel prices may move up on new data from China
China's NBS Manufacturing PMI improved to 49.4 from 49.2, in line with expectations. The end of the rainy season and support from Beijing could...
Polish manufacturers of steel rebar raise prices due to high costs
Steel rebar spot market activity in Poland picked up last week and buyers expect prices to rise further in September due to unpredictable energy...
Turkey will five times increase the price for the passage through the Bosphorus
About 48,000 ships pass through this strait every year, it is also the main route for the export of Russian oil and metal products, as well as...
Profit growth in Chinese automotive industry hits 80% in July
The profit growth in the automotive sector was made possible by the recovery of production and supply chains, as well as Beijing's policies to...
Europe's losses due to the abandonment of Russian coal turn into a significant gain for Asia and Turkey
S&P Global Commodities at Sea's semi-annual data analysis shows that as Russian coal is offered at a discount compared to Australian and South...