This is an important step for industrial climate protection in Europe, with annual savings of up to 3.5 million tons of CO2 eventually. Commissioning...
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The European Commission approved the financing of the ThyssenKrupp project "tkH2Steel" for 2 billion euros
New passenger car market in the EU continues to grow, but still lags behind pre-pandemic levels
The largest share of the European car market is still occupied by gasoline cars - 36.5 percent. Nevertheless, electric vehicles are occupying an...
European prices for stainless steel products are about to touch the bottom - MEPS
As Europe's summer holidays begin, market participants believe that stainless steel prices are approaching the low end of the current cycle....
In the European Union, activity at metallurgical plants has sharply decreased: data from space observation
Using satellite data, analysts have concluded that activity at steel mills in Europe has plummeted....
Norway plans to extract millions of tons of metals from the bottom of the Greenland and Norwegian seas
Oslo wants to start underwater metal mining in an offshore area the size of Germany, where it is estimated that 38 million tons of copper may occur,...
Rinat Akhmetov is ready to join the EU Green Deal and is looking for opportunities to expand business in Europe
The metallurgical holding of the richest businessman in Ukraine is ready to join the "green" transition of Europe as part of the...
Ukrzaliznytsia denied reports about the suspension of iron ore transportation in the direction of the Czech Republic
The national railway operator of Ukraine was forced to come out with a refutation of reports about the alleged blocking of shipments of metallurgical...
Thyssenkrupp's steel business in Europe continues to make big losses
Thyssenkrupp Steel Europe posted an adjusted operating loss of €14 million for the quarter, compared to a profit of €479 million in the same period...
International Renewable Energy Agency and thyssenkrupp sign partnership agreement
The new partnership aims to help improve the production and delivery of green hydrogen throughout the value chain....
Czech metallurgical plant in Ostrava faces shutdown due to "difficulties in the market"
Since the beginning of April, prices for hot rolled coil in the northwestern part of the EU have fallen by almost 20 euros per tonne, while the...
Price expectations of steel producers in the EU are not supported by the market - MEPS
Since December last year, European flat steel producers have successfully implemented regular price increases. Unattractive import offers have...
EU stainless steel sector faces lower demand and prices
Hopes for a recovery in the European stainless steel market in the second quarter are fading. Retailers and distributors in the region are reporting...
The head of ThyssenKrupp is determined to withdraw the steel business from the concern - der Spiegel
Germany's largest industrial group put the spin-off idea on hold last year after unsuccessful attempts to register, sell or find a merger partner for...
In the EU, the demand for new cars continues to grow, especially for electric ones.
The share of electric vehicles in the European market for new passenger cars increased to 12.1% or 97,300 cars....
Voestalpine invests 1.5 billion euros in low CO2 steel production
The Austrian steel company says it has received a pre-order for 100,000 tons of new steel and is ready to start a major upgrade at Linz and Donawitz....
Eurofer expects EU steel demand to fall 4.6% in 2022 and 1.6% in 2023
Some recovery in steel demand in the European Union is expected no earlier than 2024, subject to the end of the war in Ukraine and the alignment of...
EU Green Deal should encourage investment in mild steel projects: Eurofer
The Association of European Steel Producers estimated total operating costs at 53 billion euros, adding that mild steel needed a level playing field...
European stainless steel producers ready to raise prices
EU steel mills are aiming for higher prices despite a slow start to 2023. Demand for stainless steel in Europe in the first few weeks of the new year...
European steel price rise that began in January will be short-lived - MEPS
By mid-January, several large European steel producers announced significant price increases to the market, citing cost increases. Distributors are...
UK is ready to give 300 million pounds to save British Steel
Save our Steel: The UK government hopes this will convince the Chinese Jingye Corporation to stay in the UK business and continue to invest in the...
Europe's passenger car market records its worst year since the turn of the century
In 2022, 9.3 million new passenger cars were registered in the EU, the lowest level in the region since 1993....
Sweden announced the discovery of Europe's largest deposit of rare earth metals
Rare earths are not currently mined in Europe, leaving the region dependent on imports from other countries. At the same time, demand is expected to...
Norwegian startup to build €4bn green steel plant
A manufacturing facility in Finland will have a clean hydrogen production plant powered primarily by wind power. The steel producer will directly or...
Tata Steel: Great Britain will need more than 10 million tons of steel to gain energy independence
The UK will need more than 10 million tons of steel in the coming years to become self-sufficient in terms of electricity generation, according to a...
Intel postpones construction of plant in Germany due to sharply increased geopolitical risks
The American corporation had to revise its planned investments in Germany for a number of reasons, including rising energy prices....
IEA predicts EU natural gas shortage of 30 billion cubic meters
According to the IEA, in order to stimulate energy efficiency, it is recommended to expand existing programs and strengthen measures to support the...
Rolls-Royce workers receive record 17.6% pay raise
Unity said the agreement was the largest lump sum deal in the history of the Goodwood plant. “This is a first-class wage deal for Rolls-Royce...
Metinvest says loopholes in European sanctions allow Russia to continue steel supplies
According to the CEO of a Dutch mining and metallurgical holding, a loophole that gives many Russian producers a two-year delay in importing Russian...
Demand for new passenger cars continues to grow rapidly in the EU
However, the European automotive market is still seriously behind the pre-pandemic levels of November 2019....
