The COVID-19 pandemic has lowered steel consumption forecasts and the overall economic outlook in the EU. However, the low base of comparison with...
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In the capital of Greece and its environs due to COVID-19, a "hard lockdown " will be introduced
Quarantine is being introduced due to the growing number of hospitalizations in the metropolitan area and the presence of COVID-19 mutations that...
Thyssenkrupp plans major investment in its steel division
Thyssenkrupp Steel Europe showed good profit for the first time in many months and the group decided to continue the reconstruction and modernization...
Baku Steel Company appoints new director to replace Mammadov, who was arrested the day before
Baku Steel Company is the largest producer of metallurgical products in Azerbaijan and the entire Caucasus, with about 1,500 employees....
German exports in 2020 show biggest decline since financial crisis
For the first time since 2013, the export of goods from Germany “went into negative territory” by more than nine percent....
Laying of Nord Stream 2 in Danish waters is to be completed by the end of April
Russian pipelayer Fortuna resumed construction of a gas pipeline in Danish waters on February 6, the same place where US sanctions stopped it one...
Poland becomes the largest supplier of electric buses in the European Union
Despite the COVID-19 pandemic, the export of Polish electric buses has accelerated. Poland has become the largest exporter of electric buses in the...
Rolls-Royce suspends production of jet engines for the first time in its history
The company is in talks with unions to improve the productivity and efficiency of its civil aerospace operations in the UK by 10%....
UK may impose "excess profits tax" on companies that got rich from pandemics
Amazon and the online giants will face tax pressure from skyrocketing sales in London's bid to plug a budget hole....
All Porsche cars will soon be electric except the Porsche 911 - Oliver Bloom
The automaker wants to save the legendary sports car from global climate madness by converting its internal combustion engine to biofuel....
EU economy will not be able to return to pre-pandemic level before mid-2022 - Lagarde
Europe is likely to face the third wave of the coronavirus pandemic, which will be almost useless to fight with quarantine measures....
BMW orders 43,000 tonnes of green aluminum in Emirates in a race for zero emissions
The value of the contract was not disclosed, but according to market participants it will be several billion euros....
The United States began negotiations with Germany to lift sanctions from Nord Stream 2
For the first time, the United States signaled its readiness to begin a dialogue on lifting the sanctions on Nord Stream 2, German media said....
Elon Musk's Berlin plant will receive a billion dollars in subsidies from the German government
The German government will grant a subsidy to the enterprise of the world's richest businessman in support of the battery industry in Europe....
ArcelorMittal increases prices for rolled metal in Europe for the fifth time in three months
The new rise in steel prices was caused by the continuing supply shortage in the European market....
Montenegro will build a hydroelectric power plant for the first time in 40 years
The hydroelectric power plant will be built in the middle part of the Komarnitsa River and envisages a 171 meter high concrete arch dam....
Cash in on pandemics: Switzerland's largest bank increased its annual profit by 54%
UBS Bank, the world's largest wealth manager, derives most of its profits from advising and managing the money of the world's richest people....
Liberty Steel will submit a firm bid today for ThyssenKrupp Steel Europe
British billionaire Sanjeev Gupta is determined to enter the chain of major steel suppliers for the automotive industry....
The Association of European Automobile Manufacturers has found out where the oldest cars in the EU live
The average age of a minibus in Greece is 19.5 years, and this country currently has the oldest fleet of light commercial vehicles in the EU....
Polish President urged the European Union to strengthen sanctions against Russia
Andrzej Duda believes that the new EU sanctions should be directed against Gazprom, and this will force the Kremlin to "respect international...
Europe's aerospace industry will take years to recover from a pandemic - Fitch
Most of Europe's aerospace and defense companies were very active in the debt capital markets in 2020, maintaining their liquidity, with gross debt...
Germany suspended construction permit for Nord Stream 2
German environmentalists have protested the issuance of permission to continue construction of the Nord Stream 2 in German territorial waters....
Germany gave permission for the completion of Nord Stream 2 in January - May 2021
The German Federal Office for Shipping and Hydrography issued a permit for the construction of the Nord Stream 2 gas pipeline in German waters in...
Tenaris plans to convert to hydrogen its steel plant in Italy
Italy's Tenaris will work with Edison and Snam on green hydrogen at the Tenaris Dalmine S.P.A. steel mill...
British LIBERTY Steel restarts a metallurgical plant in Poland
The metallurgical company of British billionaire Sanjeev Gupta said that the Polish plant will strengthen LIBERTY Steel's position in the European...
Electric vehicle production in Germany is growing at astronomical numbers - DW
Every fourth new passenger car in Germany had an alternative engine in 2020. Of the electric models, the small class and SUVs were in greatest demand....
Turkey responds to EU with its own anti-dumping investigation of hot rolled steel supplies
This week the European Union imposed preliminary anti-dumping duties on Turkish hot rolled steel, which caused extreme resentment among Turkish...
ArcelorMittal increases prices for coiled steel again in the EU and immediately by 30 euros per ton
In Europe, the shortage of rolled steel continues to grow, according to market participants, some plants are accepting applications as early as...
Airbus aircraft sales exceed analysts' wildest forecasts for 2020
The French company delivered 566 aircraft to its customers in 2020, up from 768 aircraft in 2019. But no one thought there would be so many....
London state of emergency over threat of hospital overcrowding
The Mayor of London has declared an emergency in the British capital due to the threat of overcrowding in hospitals due to the coronavirus and a...
