The Chinese leader's comments come as tensions between Beijing and Brussels rise, with Western European leaders calling on Xi's government...
Europe
Xi Jinping received a warm welcome in Serbia, where the Chinese leader spoke about the “inevitability of expanding investment”
China condemns EU attempts to justify anti-dumping practices
On April 10, the European Commission published an updated report on significant government distortions in the economy of the People's Republic...
German industry may not recover from energy crisis
As a survey conducted by the German Chamber of Commerce and Industry last September showed, 43% of large industrial companies intend to move their...
Slovenské elektrárne closed its last coal-fired power plant in Slovakia
After almost 60 years of operation, TEC Vojany in eastern Slovakia, burning hard coal, is ending its operation today....
The EU market for new passenger cars increased by 10 percent
In just the first two months of 2024, more than 1.7 million new passenger cars were sold in the EU, which is 11.2% more than in the past....
Imports put strong pressure on rolled metal prices in Europe
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings to...
The European Parliament approved a compromise on Euro 7 emissions limits
The new rules, which still require final official approval by EU countries, will apply to cars and vans from July 2030, and to buses and trucks 12...
Thyssenkrupp creates low-emission tug fleet
Thyssenkrupp Veerhaven, the logistics subsidiary of Thyssenkrupp Steel Europe based in Rotterdam, commissioned the design of an environmentally...
The EU allocated 3 million euros for the laid-off German employees of Vallourec
The European Commission has offered to support workers laid off in the German steel industry...
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...
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...
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...
Italy signed a memorandum of understanding with Metinvest to create an integrated industrial project in the municipality of Pembino
The Pembino steel complex is one of the main steel processing centers in Italy and Europe, and the Ministry of Business and the Made in Italy project...
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...
