Voestalpine invests 100 million euros in the reconstruction of the hot-dip galvanizing lines in Linz

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'

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

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

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

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%

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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...

Austrian voestalpine delivers first partially decarbonized steel to customers

Austrian voestalpine delivers first partially decarbonized steel to customers

About 70% of the electricity used in steel production in Linz is generated by the use of gases, which are a by-product of the production process. The...

Belgium 'totally ready' to phase out Russian gas, says Energy Minister Van der Straeten

Belgium 'totally ready' to phase out Russian gas, says Energy Minister Van der Straeten

The approach of the Belgian government, which depends on Russian gas for only 6%, is that "prevention is better than cure."...

Bulgaria began unloading the first tanker with American liquefied gas

Bulgaria began unloading the first tanker with American liquefied gas

American tankers with LNG were supposed to arrive in Bulgaria on June 8 and 23, but the first tanker arrived earlier....

Salzgitter and LKAB have formed a partnership to decarbonize the steel industry

Salzgitter and LKAB have formed a partnership to decarbonize the steel industry

Within its SALCOS project, Salzgitter is working with partners from the steel industry and research institutes to achieve carbon-neutral steel...

BIR: European Commission's decision on scrap metal will be the most tragic event in the last 40 years

BIR: European Commission's decision on scrap metal will be the most tragic event in the last 40 years

Export controls currently being proposed by the EU would mean less waste and less accessible technology in the region, according to BIR's...

Volvo starts mass production of electric trucks made from decarbonized steel

Volvo starts mass production of electric trucks made from decarbonized steel

Volvo Trucks is the first company in the world to use fossil fuel-free steel in its trucks....

European steel prices are directly dependent on Russian gas prices - MetalMiner

European steel prices are directly dependent on Russian gas prices - MetalMiner

EU metallurgists continue to rely on natural gas as the currently uncontested fuel for pig iron production in blast furnaces, as well as for steel...

Europeans have sharply reduced the purchase of new cars

Europeans have sharply reduced the purchase of new cars

In April, the registration of new passenger cars in the EU decreased by 26.6% to 684,506 units....

Martina Merz will continue to lead the German ThyssenKrupp until March 2028

Martina Merz will continue to lead the German ThyssenKrupp until March 2028

German engineer Martina Merz became CEO of ThyssenKrupp in 2019 and was named "the most powerful woman in the German economy". She embarked...

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