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BIR: European Commission's decision on scrap metal will be the most tragic event in the last 40 years

Export controls currently being proposed by the EU would mean less waste and less accessible technology in the region, according to BIR's...

Volvo starts mass production of electric trucks made from decarbonized steel

Volvo Trucks is the first company in the world to use fossil fuel-free steel in its trucks....

European steel prices are directly dependent on Russian gas prices - MetalMiner

EU metallurgists continue to rely on natural gas as the currently uncontested fuel for pig iron production in blast furnaces, as well as for steel...

Europeans have sharply reduced the purchase of new cars

In April, the registration of new passenger cars in the EU decreased by 26.6% to 684,506 units....

Martina Merz will continue to lead the German ThyssenKrupp until March 2028

German engineer Martina Merz became CEO of ThyssenKrupp in 2019 and was named "the most powerful woman in the German economy". She embarked...

European metallurgists criticized the plans of the European Commission to refuse Russian gas

The Eurofer Association demands a revision of the EU energy strategy "for the sake of cohesion, cooperation and intersectoral dialogue"....

Germany seeks energy independence from Russia

Due to rising prices for energy carriers and automobile fuel, inflation in Germany in April rose to 7.4% - a maximum over the past 40 years....

ThyssenKrupp enters Australia's green hydrogen market

According to research conducted by German analysts, less than 5% of Australia's renewable energy potential converted to hydrogen would be sufficient...

Germany to build a “reference rolling mill” using Danieli technologies

The new rolling mill in Riesa will use only induction heating for zero direct CO2 emissions, and a new generation of built-in welding machine will...

Metinvest to carry out planned repairs at Italian rolling mills two months earlier

Metinvest, an international vertically integrated group of mining and metals companies, has decided to postpone scheduled repairs at the Group's...

Europe intends to increase the production of hydrogen electrolyzers tenfold in three years

The European Commission and electrolyzer manufacturers have signed a joint declaration to increase their respective production capacities tenfold by...

London imposed protective duties on Russian supplies of platinum group metals

The UK announced an additional £1.4 billion package of restrictions on Russian imports, raising tariffs by 35 percentage points on products such as...

Vitkovice Steel stops steel production due to anti-Russian sanctions

The Ostravka Metallurgical Plant was unable to receive Russian slabs shipped to it by sea on Russian ships that fell under European sanctions, and...

UK imposes sanctions against Russian steel producer Evraz

The metallurgical company of Roman Abramovich came under British sanctions due to being the main producer of rails and railway wheels in Russia....

EU steel consumption could fall by almost 2% in 2022 - Eurofer

Steel consumption in Europe rose sharply in 2021 by 15.2% after a deep 10.7% decline in 2020 caused by the pandemic....

Hydrogen to be 'key element' of future EU economy - EU climate chief

The European Commission proposes a long-term partnership that will start with LNG supplies and end in a hydrogen economy....

Ukraine and Great Britain signed an agreement on the abolition of import duties and tariff quotas

The Ministry of Economy of Ukraine notes that this will not only contribute to the development of Ukrainian production, but also increase the inflow...

UK faces sharp rise in steel and timber prices in March

Prices for wood and metals have soared again after several months of gradual decline after the Russian invasion of Ukraine....

Eurozone Industrial Producer Prices Up 5.3% In March

Among Member States for which data are available, the largest monthly increases in industrial producer prices were recorded in Ireland (+36.1%),...

EU intends to impose sanctions against Moscow Credit Bank and Rosselkhozbank

The European Commission proposes to exclude Moscow Credit Bank and Rosselkhozbank from the SWIFT international payment system...

The assets of the largest metallurgical company in the Czech Republic are blocked under anti-Russian sanctions

Frozen assets in the Czech Republic may be confiscated in favor of the state if the connection of the owners of Vítkovice Steel with the Russian bank...

EU ministers urgently discussed the suspension of gas supplies from Russia

Any EU member state can become the next state after Bulgaria and Poland, where Russian gas supplies will be suspended if they refuse to pay for it in...

A new mine in the UK will not be able to replace coal imports from Russia - expert's opinion

The UK has only two potential buyers of this coal: Tata Steel and British Steel. British Steel said it could not use coal from the mine due to its...

WTO sides with Turkey in dispute with EU over steel supplies

A three-member WTO panel agreed with Turkey's view that the European Commission has failed to prove that steel imports have risen due to unforeseen...

Steel prices in the UK rose by 50% after the start of the Russian special operation in Ukraine

Dramatically rising energy prices, growing demand and the lack of alternative offers on the market after the departure of Russian companies led to a...

Ukraine and the EU have stepped up preparations for the"industrial visa-free"

Kyiv and Brussels also agreed to make every effort to expedite further assessment missions using flexible online and offline approaches....

Europe throws Ukraine an economic lifeline in the form of zero import duties

The European Commission initiated the cancellation for a period of one year of any import duties on all products originating from Ukraine, which are...

Austrian voestalpine explores hydrogen plasma for green steel production

Hydrogen plasma is used to simultaneously reduce iron ore and melt it into liquid steel in a special DC electric arc furnace....

Denmark to replace gas heating in homes to reduce dependence on Russia

According to the government's plan, households that have individual gas heating will receive a letter before the end of this year outlining options...

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