VW's cargo division, the Traton holding with the MAN and Scania brands, is betting on electric motors and curtailing the development of internal...
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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...
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...
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....
Energomashspetsstal cast ingot weighing 415 tons for the Turkish nuclear power plant "Akkuyu"
According to the contract signed in 2020, Energomashspetsstal will manufacture and supply to Akkuyu NPP 10 VVER-1200 reactor vessel products,...
Eurogroup will continue massive state support of the economy in connection with the pandemic
The countries of the eurozone will continue to massively support the economy affected by the coronavirus pandemic. Debt problems will be resolved...
The first phase of the new EU import control system - ICS2 comes into force today
The new system will help ensure a level playing field for all importers and facilitate legal trade across the external borders of the European...
Liberty Steel began shutting down factories in the UK
"If it closes, it will be a disaster": Rotherham fears for its steel industry....
Volkswagen starts new round of job cuts in Germany - Handelsblatt
This time, both the previously tested mechanisms of accelerated retirement and voluntary dismissal, and innovative mechanisms for reducing the number...
EU aims to become the second largest battery manufacturer after China by 2025
The European Battery Alliance has ambitious goals. Berlin, Paris and Brussels want to bite off significant battery market shares from Asia and the...
Economists expect German GDP to grow 3.7 percent in 2021
Germany's GDP will grow by 3.7 percent, partly offsetting the nearly 5 percent drop in 2020, analysts at the IWH predict....
ArcelorMittal stops supplying rolled products to Liberty Steel galvanizing line in Europe
Prices for galvanizing in Europe after this event may soar above 1000 euros per ton, if there are no import offers....
Thyssenkrupp Steel buys two new hydrogen furnaces
Walking beam furnaces will be installed in Duisburg to heat the steel plates for rolling....
The Salzgitter smelter in Lower Saxony starts smelting steel with hydrogen
Natural gas will play the role of a critical transition fuel to increase the input of initially small volumes of hydrogen over time in the conversion...
UK prime minister hit by Liberty Steel's financial woes
Boris Johnson may not be willing to invest British taxpayers' money in Sanjeev Gupta's empire, given its global reach and pile of debt,...
