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Due to the Suez crisis, steel transportation costs are still 150% higher

All major container shipping companies continue to avoid the Suez route....

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...

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....

Five main market trends in the steel market in 2024 according to European analysts

European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....

Strikes at major US auto plants are over. Losses exceeded $7 billion

The US auto industry is hoping for a return to business as usual after workers at the country's Big Three automakers agreed to new labor contracts....

Stages of cold calling

This concept refers to actions related to identifying the client’s needs and pushing him to purchase....

Oil hits $95 a barrel amid supply concerns

Oil rises on concerns about supply shortages following recent production cuts by Saudi Arabia and Russia...

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...

How to get additional Aliexpress cashback

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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....

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