The European Commission and electrolyzer manufacturers have signed a joint declaration to increase their respective production capacities tenfold by...
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London imposed protective duties on Russian supplies of platinum group metals
The UK announced an additional £1.4 billion package of restrictions on Russian imports, raising tariffs by 35 percentage points on products such as...
Vitkovice Steel stops steel production due to anti-Russian sanctions
The Ostravka Metallurgical Plant was unable to receive Russian slabs shipped to it by sea on Russian ships that fell under European sanctions, and...
UK imposes sanctions against Russian steel producer Evraz
The metallurgical company of Roman Abramovich came under British sanctions due to being the main producer of rails and railway wheels in Russia....
EU steel consumption could fall by almost 2% in 2022 - Eurofer
Steel consumption in Europe rose sharply in 2021 by 15.2% after a deep 10.7% decline in 2020 caused by the pandemic....
Hydrogen to be 'key element' of future EU economy - EU climate chief
The European Commission proposes a long-term partnership that will start with LNG supplies and end in a hydrogen economy....
Ukraine and Great Britain signed an agreement on the abolition of import duties and tariff quotas
The Ministry of Economy of Ukraine notes that this will not only contribute to the development of Ukrainian production, but also increase the inflow...
UK faces sharp rise in steel and timber prices in March
Prices for wood and metals have soared again after several months of gradual decline after the Russian invasion of Ukraine....
Eurozone Industrial Producer Prices Up 5.3% In March
Among Member States for which data are available, the largest monthly increases in industrial producer prices were recorded in Ireland (+36.1%),...
EU intends to impose sanctions against Moscow Credit Bank and Rosselkhozbank
The European Commission proposes to exclude Moscow Credit Bank and Rosselkhozbank from the SWIFT international payment system...
The assets of the largest metallurgical company in the Czech Republic are blocked under anti-Russian sanctions
Frozen assets in the Czech Republic may be confiscated in favor of the state if the connection of the owners of Vítkovice Steel with the Russian bank...
EU ministers urgently discussed the suspension of gas supplies from Russia
Any EU member state can become the next state after Bulgaria and Poland, where Russian gas supplies will be suspended if they refuse to pay for it in...
A new mine in the UK will not be able to replace coal imports from Russia - expert's opinion
The UK has only two potential buyers of this coal: Tata Steel and British Steel. British Steel said it could not use coal from the mine due to its...
WTO sides with Turkey in dispute with EU over steel supplies
A three-member WTO panel agreed with Turkey's view that the European Commission has failed to prove that steel imports have risen due to...
Steel prices in the UK rose by 50% after the start of the Russian special operation in Ukraine
Dramatically rising energy prices, growing demand and the lack of alternative offers on the market after the departure of Russian companies led to a...
Ukraine and the EU have stepped up preparations for the"industrial visa-free"
Kyiv and Brussels also agreed to make every effort to expedite further assessment missions using flexible online and offline approaches....
Europe throws Ukraine an economic lifeline in the form of zero import duties
The European Commission initiated the cancellation for a period of one year of any import duties on all products originating from Ukraine, which are...
Austrian voestalpine explores hydrogen plasma for green steel production
Hydrogen plasma is used to simultaneously reduce iron ore and melt it into liquid steel in a special DC electric arc furnace....
Denmark to replace gas heating in homes to reduce dependence on Russia
According to the government's plan, households that have individual gas heating will receive a letter before the end of this year outlining...
Steel prices in Europe are declining
Steel prices in Europe fall on the back of declining iron ore prices in Asia and more affordable supply in the east of the EU....
Confrontation with Russia forced the UK to unfreeze the largest coal project
In the UK, they plan to open the first coal mine in 30 years against the backdrop of a reduction in energy supplies from Russia. A mine project in...
Austria stops importing and refining Russian oil – OMV
In early March, OMV stopped investing in Russia, but until today it has not announced that it will stop purchasing raw materials from the country....
The rise in steel prices in the European market has stopped
Europe's rapid rise in steel prices at the beginning of the year stimulated panic buying. This madness subsided as soon as consumers satisfied...
BMW will save tens of thousands of jobs in the transition to the production of electric cars
BMW will retrain employees around the world to work with electric models of electric vehicles....
Heat pumps will become an effective weapon in the energy war between the EU and Russia - Time
The European Union intends to double the production and installation of heat pumps in order to convert as much heating as possible from gas to...
Thyssenkrupp transfers 1,300 steelworkers to reduced working hours due to war in Ukraine
Spending cuts become necessary as Russia conducts a special military operation in Ukraine...
Sanjeev Gupta's Belgian factories may shut down amid disputes with unions
The restructuring of Liberty Steel's steel plants in Belgium was blocked by a local commercial court decision at the request of unions and...
Metallurgical production in Pridnestrovie completely stopped
The Moldavian Metallurgical Plant, located in Rybnitsa, employs 2,400 people, and up to 100,000 more residents of Transnistria depend on the life of...
War returns to Europe - how will this affect steel demand?
In the second part of this series, MEPS analysts analyzed the impact of the Russian-Ukrainian war on raw materials for steel production and the cost...
