IG Metall planned to get the owners of the metal business in Germany to raise wages by 4%, but agreed on lump sum payments....
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Liberty Steel requests £ 170m emergency aid from UK government
Sanjeev Gupta told Whitehall that he needed £ 170 million from British taxpayers to keep from declaring bankrupt....
British car production plummets to 10-year low in February
Chip shortages, pandemic lockdowns, regulatory problems due to Brexit have reduced monthly car production in the UK to almost 100,000 units....
German coal-fired power plant operators plan to switch to biofuels
Refusal from coal in Europe is a settled matter, and thermal power plants are gradually being removed from the grid. But with biomass, they can get...
Rolls-Royce buys metal products from Liberty Steel on a prepaid basis and with a large stock
The aircraft engine manufacturer fears being left without steel components in the event of an unexpected turnaround at Liberty Steel's UK plants....
German concern Thyssenkrupp sold six 212 CD class submarines to Germany and Norway
The Norwegian Ministry of Defense said new investments in the submarine fleet are associated with the growing military-political importance of the...
British Prime Minister Boris Johnson promised to increase steel purchases at Liberty Steel
The UK's third-largest steelmaker is asking its customers to make an advance payment on ordered steel products, facing limited funding as a result...
US and Germany Discuss Reducing Excess Steel Capacities
The US Trade Representative discussed with the German Economy Minister the problem of overcapacity in the metals industry....
Heads of European carmakers met with the Vice President of the European Commission for the Green Deal
A meeting between members of the European Association of Automobile Manufacturers and Frans Timmermans was held ahead of the upcoming discussions on...
Abu Dhabi invests around £ 5 billion in the UK economy
The British Prime Minister has instructed the government to remove any obstacles to potential investment in the United Kingdom. The oil-rich Persian...
Volkswagen made the final choice between hydrogen and electric motors
VW's cargo division, the Traton holding with the MAN and Scania brands, is betting on electric motors and curtailing the development of internal...
Germany reduced steel production by 10% amid total shortage
In February, German companies faced difficult weather conditions, which forced them to reduce steel production to a minimum....
British analysts have named the date of the upcoming fall in steel prices
Steel coil prices in Europe are expected to reach a record high and peak in this cycle in late August /early September....
The Prime Minister of Ukraine told the President of the Bundesrat about investment projects in Ukraine
Denis Shmygal told the German official that this year the Ukrainian government faces the task of attracting up to 12 billion hryvnia this year from...
British government prepares plans to rescue Liberty Steel plants - Bloomberg
British ministers are worried about possible problems for Sanjeev Gupta's company after his main creditor and longtime friend Lex Greenspill...
Lamborghini reports record profits in 2020
Lamborghini's profit surged to record levels as customers ordered more expensive, high-tech vehicles. The company has already secured itself with...
Joe Biden's administration intends to block the Nord Stream 2 project with new sanctions
New US sanctions may affect both the Nord Stream 2 AG pipeline construction operator and other companies participating in the project....
ArcelorMittal Raises EU Steel Prices Again Today and Withdraws All Previous Bids
European buyers are desperate for supplies of sheet steel and galvanized steel, agreeing to wait until September-October at sky-high prices....
ThyssenKrupp Steel stops Hüttenheim plate mill
The metallurgical company said that it was economically inexpedient to produce heavy-plate steel in Germany, and there were no buyers for the plant....
Air Liquide and ArcelorMittal decarbonize steel production in Dunkirk
Air Liquide and ArcelorMittal signed a Memorandum of Understanding to significantly contribute to the decarbonisation of the Dunkirk industrial...
Germany invests € 2 billion in the international hydrogen fuel market
In the coming years, Germany plans to invest 2 billion euros in the hydrogen fuel market, and is ready to "build a dialogue" on hydrogen...
UK's only coal mine could be shut down for "very good reasons"
The UK government's climate change advisers said the mine would jeopardize Prime Minister Boris Johnson's goal of reducing greenhouse gas emissions...
The Central Bank of Poland plans to purchase over 100 tons of gold
According to Adam Glapiński, the central bank of Poland wants to buy at least 100 tons of gold in the coming years to demonstrate the country's...
Czech metallurgists have declared the danger of hydrogen metallurgy for the country's energy system
Producing 5 million tonnes of hydrogen steel in the Czech Republic would mean a tenfold increase in energy consumption in this industry,...
BMW expects significant profit growth in 2021
The BMW carmaker specializes in the production of BMW, Mini and Rolls-Royce cars, motorcycles and engines. The company is headquartered in Munich....
The European car market in February showed a record drop in the entire history of observations
In the first two months of 2021, the total number of new car registrations in the European Union was lower than in the same period in 2020....
Liberty Steel offered customers a discount on galvanizing in exchange for a prepayment
The company has to look for "live" money for payments for raw materials after its main creditor Greensill Capital filed for bankruptcy....
Chip shortage reduced Volkswagen car production by 100,000
The German automaker predicts continued chip shortages until the end of the year and plans to switch to direct contracts with chip makers....
European Commission President pledges to make steel production environmentally friendly
European officials will do their best to encourage European producers to switch to carbon-free steelmaking technologies....
