High electricity prices make it pointless to produce steel in the UK, but the shutdown will cause mass layoffs in the depressed regions of the Foggy...
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London is disappointed with the plans of metallurgists to leave the British business and asks for negotiations
US and EU agree to speed up steel talks
Another meeting of the US-European Trade and Technology Council is scheduled to be held in the United States before the end of the year....
Tata Steel plans to leave Europe due to energy prices
Tata Steel owns the UK's largest steel mill at Port Talbot in South Wales and employs approximately 8,000 people across the country....
The German Thyssenkrupp announced the “strong blow” of the energy crisis to the factories of the concern
Rise in energy prices has become a "strong blow" to the enterprises of the largest steel producer in Germany....
Glencore faces flood of UK litigation over bribery allegations
Glencore has previously pleaded guilty to a range of charges ranging from bribery and corruption in South America and Africa to price manipulation in...
Amazon.com invests over €1 billion in European fleet of electric vans and trucks
A number of startups are looking to bring electric vans or trucks to market and are facing increasing competition from traditional manufacturers such...
Ukraine and the EU consider the production of biomethane as one of the ways to overcome gas dependence
Ukrainian entrepreneurs are already interested in the possibilities of launching the first capacities for the production of biomethane and the...
Skoda plans to suspend production in the Czech Republic due to a shortage of chips
The problem of the shortage of electronic components, which arose in the midst of logistical restrictions associated with the coronavirus pandemic,...
European Council bans imports of Russian semi-finished steel under new package of sanctions
Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...
EU plans additional sanctions against Russian metallurgy
The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...
The European Commission has approved 5.2 billion euros of state support for another massive hydrogen project
The hydrogen value chain in Europe is in its infancy. This makes it risky for companies and Member States to independently invest in such an...
UK steel production hits record low this year
UK steel production will be at a record low this year, the lowest since World War II, and it is hard to say if there will be a recovery in 2023, an...
EU Commission not doing enough to save aluminum industry - associations
European industry associations called on EU energy ministers to take further action during the next council meeting on September 30, saying that...
Steel market in Europe expects big production cuts due to weak demand
European steel market participants gathered for the regional meeting of the European steel distributors association Eurometal in Milan were...
The European Commission plans to create a European hydrogen bank with a budget of 3 billion euros
In the REPowerEU plan, the European Commission has doubled its previous goal and now aims to produce 10 million tons of "green" hydrogen in...
UK unions cancel all planned strikes after Queen's death
Unions representing Royal Mail postal workers and railway staff said that "out of respect for her service to the country and her family"...
European non-ferrous metal producers demand action on rising energy prices
European energy consumers are forced to pay ten times more for electricity and gas than last year, making their production unprofitable, and if the...
UK government to set up Critical Minerals Agency
The UK government is beginning to recognize the risks of disruption to the critical minerals supply chain....
ThyssenKrupp invests 2 billion euros in the construction of Europe's largest DRI plant
The board of directors of Germany's largest steel producer has decided to build Europe's largest direct reduced steel plant....
Steel plant in Switzerland prepares for shutdown and layoffs
The reason for the possible shutdown of Stahl Gerlafingen is the 12-fold increase in electricity prices....
European stainless steel plants close due to energy crisis
The impending energy crisis in Europe will primarily affect energy-intensive industries. Against the backdrop of falling prices for stainless steel,...
thyssenkrupp has successfully completed the sale of the company's mining business
The German industrial holding is consistently getting rid of its non-core assets, focusing on steel production and engineering solutions. The...
ArcelorMittal raises European steel prices on rising energy prices
The largest steel producer in the European Union was one of the last metallurgists to announce an expected increase in steel prices due to soaring...
The Baltic States plan to increase the capacity of offshore wind farms by seven times by 2030
The Baltic Sea countries, including Germany, Finland, Poland and Sweden, have agreed to build a 17 GW offshore wind farm (WPP). They want to increase...
H2 Green Steel has received 190 million euros for the construction of a hydrogen steel plant
The startup has secured funding to build a clean hydrogen steel plant in Boden in northern Sweden in its first round of offering, with H2 Green Steel...
Polish manufacturers of steel rebar raise prices due to high costs
Steel rebar spot market activity in Poland picked up last week and buyers expect prices to rise further in September due to unpredictable energy...
Turkey will five times increase the price for the passage through the Bosphorus
About 48,000 ships pass through this strait every year, it is also the main route for the export of Russian oil and metal products, as well as...
EU steel consumption hits third recession in four years: Eurofer
Steel demand in the EU is projected to decline by 1.7% in fiscal year 2022. In 2023, production will accelerate only moderately, by 2.2%, due to the...
Hungary allowed Russia to build two nuclear power units
The Hungarian Atomic Energy Administration issued a permit to the state corporation Rosatom to build the 5th and 6th power units of the Paks nuclear...
EUROFER: EU steel exports down 14% in first half
According to the EUROFER report, in the first half of this year, flat products exports accounted for 68 percent of finished product exports, while...
