According to the EUROFER report, in the first half of this year, flat products exports accounted for 68 percent of finished product exports, while...
Europe
Gas supply problems paralyze steel market in Europe – MEPS
Uncertainty is growing on the steel market in Europe. However, Polish and Czech producers are likely to be hesitant to make further price concessions...
Rolls-Royce to introduce innovative hydrogen engines for locomotives
Rolls-Royce is developing a range of hydrogen-powered engines and fuel cells to be used as a reliable power source in ships and heavy off-road...
Car sales in Turkey fell by 6.7% in January-July
In the first seven months of this year, Turkey's car exports totaled 526,601 units, up 2.7%, while passenger car exports fell 7.7% to 298,333...
British Airways to cancel 10,000 flights due to lack of staff at Heathrow Airport
British airports and airlines, which have been cutting jobs in the midst of coronavirus lockdowns, have struggled to recruit enough new staff....
Droughts affect Europe's hydropower market, exacerbating energy crisis
The world's record high temperatures are significantly reducing the efficiency of hydroelectric power plants and raising questions about...
British metallurgists raise steel prices again due to rising energy prices
Despite the market's downward trend in steel prices, British Steel has once again raised prices for some rolled products as rising energy costs...
German unions demand higher wages for steelworkers due to soaring inflation
Employers and unions in Germany are arguing over the need to increase wages as soaring energy prices drive up production costs and consumers suffer...
Salzgitter invests 700 million euros in mild steel production
As a result of a record investment, the German company will reduce CO2 emissions by 95%, which corresponds to 1% of all carbon dioxide emissions in...
Voestalpine invests 100 million euros in the reconstruction of the hot-dip galvanizing lines in Linz
The metallurgical company plans to expand the range of high-strength galvanized steels by increasing the size of the strip and reducing the thickness...
ArcelorMittal expects real steel demand in Europe to be 'at least stable'
Europe's steel demand may even pick up once the seasonal market lull ends, Genuino Cristino, chief financial officer of the EU's largest...
Brazil has increased steel exports to Europe by eight times against the backdrop of the war in Ukraine
Brazilian steel exports to Europe in the first half of the year grew by 710% to almost a million tons due to anti-Russian sanctions imposed by the...
Steel prices in the EU continue to fall as the summer holidays begin
European steel prices continued to decline this month. However, the overall rate of decline has slowed, which may indicate that the bottom will soon...
Electricity prices put Sweden before a choice between steel smelting and cryptocurrency mining
Sweden, which has the largest cryptocurrency mining sector in Europe, wants to make life difficult for virtual miners in favor of the real sector of...
The European Commission predicts historically high inflation in the euro area at 8.4%
Inflation is projected to peak at 8.4% yoy in the third quarter of 2022 in the euro area, before declining steadily to fall below 3% in the last...
Europe's largest pure hydrogen plant to be built in the Netherlands
Shell intends to decarbonize its oil production in the Netherlands by sending hydrogen to its plant in Rotterdam....
Serbian steel plant shuts down blast furnace due to high gas prices
Smelter HBIS Serbia will stop a blast furnace with a capacity of about one million tons per year at its plant in Smederevo due to weak demand for...
Liberty Steel invests record €350 million in Czech steel plant
The biggest investment since the commissioning of the Ostrava plant is to switch steel production to electricity, which will reduce CO2 emissions and...
Turkey imposes anti-dumping duties on steel from Europe and South Korea
The new fees follow an investigation into trade between October 2019 and September 2020, when imports of flat products totaled $2.05 billion....
The European Parliament declares natural gas and nuclear fuel sources of "green" energy
In Ukraine, they believe that this decision will become the basis for the construction of the Ukrainian hydrogen economy, and in Europe itself, they...
Europe's largest steel plant scoffs at EU environmental regulations - POLITICO
The European Commission says EU citizens benefit from some of the world's highest environmental standards. Residents of the Italian city of...
Daimler Truck began testing Actros tractor on liquid hydrogen
Daimler Truck aims to eventually bring the fuel cell prototype Mercedes-Benz GenH2 Truck to a range of 1,000 kilometers or more, making the truck...
Volvo invests $1.25 billion to build electric vehicle plant in Slovakia
The Kosice plant will complement Volvo's Ghent plant in Belgium and the Torsland plant in Sweden and help the company go fully electric by 2030...
Swedish court authorizes construction of steel mill for the first time in 50 years
A court in Sweden has allowed H2 Green Steel to start building a hydrogen-powered, coal-free steel plant in northern Sweden, the first steel complex...
London will violate WTO rules in an attempt to prevent the flow of cheap steel imports
Boris Johnson risks breaking international law in an attempt to protect the UK steel industry by extending and expanding import duties on rolled...
Norway becomes the first Volvo Cars market to offer exclusively electric models
In 2021, 96% of new Volvo cars sold in Norway were Recharge models. Volvo Cars is exclusively selling electric cars in this country this year....
The European Parliament tightened the requirements for the Frontier Carbon Adjustment Mechanism CBAM
MEPs call for wider coverage and faster implementation of the EU Frontier Carbon Adjustment Mechanism (CBAM) to boost global climate ambitions....
The German government may confiscate the German part of Nord Stream 2
Nord Stream 2 has a distribution network with compressors and lines capable of transporting gas directly to southern Germany....
The largest steel company in Austria announced its readiness to stop gas supplies from Russia
Voestalpine has set up its own natural gas storage facilities for three months of operation and has begun to fill them up. In addition, the group has...
Ukraine and Poland deepen strategic partnership in the field of geology and mineral resources
On June 23, 2022, a Memorandum of Cooperation between Ukraine and Poland was signed, which provides for work and research on the geological study of...
