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Volkswagen increased revenue by 15.5% in 2023, expects growth of 5% this year

Vehicle deliveries last year increased by 11.8% and reached 9.24 million, including electric vehicles - by 35%, to 771 thousand. In Europe, total...

Financial support for Poland from the EU could revive the Central European steel market

The Eastern European country's steel industry could benefit from increased production activity if the Polish government manages to secure nearly 60...

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....

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...

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...

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...

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....

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...

ArcelorMittal refuses to buy Polish electricity supplier

ArcelorMittal is currently involved in separate legal matters with Liberty as it seeks payment of a €140 million arbitration award related to...

The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures

European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...

The launch of blast furnaces in the Czech Ostrava is in jeopardy due to disputes with the energy supplier

Tameh Czech is the sole energy supplier to the Ostrava smelter, so its shutdown means Liberty will not be able to restart its blast furnaces or...

The largest metallurgical company in Europe left the Kazakh business

The mining and metallurgical holding of British businessman Lakshmi Mittal sold its assets in Temirtau to the government of Kazakhstan for a billion...

Losses of the Ukrainian company Interpipe due to the blockade of the Polish-Ukrainian border exceeded $1.2 million

In addition to the already calculated direct losses, Victor Pinchuk’s pipe company expects large claims from its European consumers and the...

The Czech Republic has joined a coalition calling for a phase-out of coal-fired generation by 2030.

PPCA is a global coalition of governments and local actors that calls on all its members to commit to phasing out coal by 2030....

European prices for long rolled steel continue to rise despite the start of winter

The reason for the increase was limited supply from manufacturers due to a series of planned service stops....

ArcelorMittal stops production of steel pipes in Poland

According to the official version of the company, the largest producer of rolled metal in the European Union will stop the production of steel pipes...

Volkswagen will launch a base-level electric vehicle platform aimed at the Chinese market in 3 years

The German automaker's total investment in China will exceed a billion dollars, and the new industrial park will employ more than 3,000 people....

Polish activists “stabbed in the back” Ukrainian pipe makers - Ukrtruboprom

Transportation of Ukrainian pipes to Europe is blocked at the Ukrainian-Polish border by activists demanding the return of international road...

Liberty Steel blast furnaces in Europe continue to remain idle

Sanjeev Gupta's metallurgical company has stopped its smelting units in Romania and the Czech Republic and does not yet see the possibility of...

ArcelorMittal announced its entry into the additive manufacturing market

ArcelorMittal is building an industrial-scale atomizer in Spain to produce high-quality steel powders for various additive manufacturing technologies....

Alstom to cut more than 1,300 jobs at UK plant

The union says there is a real risk that the UK will lose an investor like Alstom or the rail industry altogether as a result of mass layoffs at some...

German industrial production fell much more than analysts had forecast in September

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders weighed on output....

British Steel will shut down its blast furnace, putting up to 2,000 jobs at risk

British Steel plans to close its Scunthorpe blast furnace, putting up to 2,000 jobs at risk....

Tata Steel may shut down UK hot strip mill

Union sources said the plan would cost 3,000 jobs...

Spanish steelmaker Acerinox's net profit halved due to weak steel market

Weaker demand in Europe this year due to economic uncertainty and higher interest rates has weighed on steel company earnings, which hit record...

The Chinese steel lobby intends to seek the reversal of new EU environmental initiatives

China steel association CISA says the EU carbon tax is a new trade barrier and calls for further negotiations....

Europe's steel sector faces recession in 2024

War, an unresolved energy crisis, high inflation and tightening economic conditions have created uncertain prospects for the European steel...

European steel producers are trying to make money from British Steel's problems

ArcelorMittal yesterday announced a price hike of £30 a tonne based on higher costs after British Steel told customers it was demanding £20 a tonne...

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