The European car market in February showed a record drop in the entire history of observations

The European car market in February showed a record drop in the entire history of observations

In the first two months of 2021, the total number of new car registrations in the European Union was lower than in the same period in 2020....

Liberty Steel offered customers a discount on galvanizing in exchange for a prepayment

Liberty Steel offered customers a discount on galvanizing in exchange for a prepayment

The company has to look for "live" money for payments for raw materials after its main creditor Greensill Capital filed for bankruptcy....

Chip shortage reduced Volkswagen car production by 100,000

Chip shortage reduced Volkswagen car production by 100,000

The German automaker predicts continued chip shortages until the end of the year and plans to switch to direct contracts with chip makers....

European Commission President pledges to make steel production environmentally friendly

European Commission President pledges to make steel production environmentally friendly

European officials will do their best to encourage European producers to switch to carbon-free steelmaking technologies....

Energomashspetsstal cast ingot weighing 415 tons for the Turkish nuclear power plant "Akkuyu"

Energomashspetsstal cast ingot weighing 415 tons for the Turkish nuclear power plant "Akkuyu"

According to the contract signed in 2020, Energomashspetsstal will manufacture and supply to Akkuyu NPP 10 VVER-1200 reactor vessel products,...

Eurogroup will continue massive state support of the economy in connection with the pandemic

Eurogroup will continue massive state support of the economy in connection with the pandemic

The countries of the eurozone will continue to massively support the economy affected by the coronavirus pandemic. Debt problems will be resolved...

The first phase of the new EU import control system - ICS2 comes into force today

The first phase of the new EU import control system - ICS2 comes into force today

The new system will help ensure a level playing field for all importers and facilitate legal trade across the external borders of the European...

Liberty Steel began shutting down factories in the UK

Liberty Steel began shutting down factories in the UK

"If it closes, it will be a disaster": Rotherham fears for its steel industry....

Volkswagen starts new round of job cuts in Germany - Handelsblatt

Volkswagen starts new round of job cuts in Germany - Handelsblatt

This time, both the previously tested mechanisms of accelerated retirement and voluntary dismissal, and innovative mechanisms for reducing the number...

EU aims to become the second largest battery manufacturer after China by 2025

EU aims to become the second largest battery manufacturer after China by 2025

The European Battery Alliance has ambitious goals. Berlin, Paris and Brussels want to bite off significant battery market shares from Asia and the...

Economists expect German GDP to grow 3.7 percent in 2021

Economists expect German GDP to grow 3.7 percent in 2021

Germany's GDP will grow by 3.7 percent, partly offsetting the nearly 5 percent drop in 2020, analysts at the IWH predict....

ArcelorMittal stops supplying rolled products to Liberty Steel galvanizing line in Europe

ArcelorMittal stops supplying rolled products to Liberty Steel galvanizing line in Europe

Prices for galvanizing in Europe after this event may soar above 1000 euros per ton, if there are no import offers....

Thyssenkrupp Steel buys two new hydrogen furnaces

Thyssenkrupp Steel buys two new hydrogen furnaces

Walking beam furnaces will be installed in Duisburg to heat the steel plates for rolling....

The Salzgitter smelter in Lower Saxony starts smelting steel with hydrogen

The Salzgitter smelter in Lower Saxony starts smelting steel with hydrogen

Natural gas will play the role of a critical transition fuel to increase the input of initially small volumes of hydrogen over time in the conversion...

UK prime minister hit by Liberty Steel's financial woes

UK prime minister hit by Liberty Steel's financial woes

Boris Johnson may not be willing to invest British taxpayers' money in Sanjeev Gupta's empire, given its global reach and pile of debt,...

The Kharkiv "Turboatom" was visited by a delegation of Hungarian nuclear scientists

The Kharkiv "Turboatom" was visited by a delegation of Hungarian nuclear scientists

Representatives of the Hungarian nuclear power plant discussed the current cooperation with Turboatom, as well as the prospects for its development....

The owner of Zaporozhkran won a service contract for the maintenance of equipment of the Swedish LKAB

The owner of Zaporozhkran won a service contract for the maintenance of equipment of the Swedish LKAB

Finnish Konecranes, which owns the Zaporozhye crane plant, will service the equipment of the Swedish international mining company LKAB....

Norway suspends sale of Rolls-Royce assets to Russian company for security reasons

Norway suspends sale of Rolls-Royce assets to Russian company for security reasons

Britain's Rolls-Royce announced the planned sale on February 4 as part of a cost-cutting plan to help the aircraft and ship engine manufacturer...

France to help steelmakers hit by Greensill bankruptcy - finance minister

France to help steelmakers hit by Greensill bankruptcy - finance minister

In Europe, fears of the loss of several thousand jobs are growing due to the financial problems of the British Liberty Steel, which is closely...

Germany surpasses the United States in sales of new electric vehicles and hybrids

Germany surpasses the United States in sales of new electric vehicles and hybrids

In 2020, almost 395 thousand electric vehicles and hybrids were sold in Germany, and 322 thousand in the USA. China remains the largest market....

Bosch launches automotive chip plant in Dresden

Bosch launches automotive chip plant in Dresden

Fully automated production and real-time data exchange between machines will make chip production in Dresden extremely efficient....

Eurozone investor morale at its highest rise in 12 months

Eurozone investor morale at its highest rise in 12 months

The ongoing vaccination and rising inflationary pressures give confidence and optimism to European investment funds....

Coronavirus drove Belgian skiers to the slopes of the Charleroi waste heap (Video)

Coronavirus drove Belgian skiers to the slopes of the Charleroi waste heap (Video)

Charleroi, Belgium, today is an industrial region with closed mines, dilapidated factories, total abandon, mud, devastation and people with low...

Poland could lead the race in hydrogen steel technology

Poland could lead the race in hydrogen steel technology

Polish scientists have developed a new method of making steel directly from iron ore using hydrogen from hydrocarbon gases....

Siemens Energy promised Deutsche Welle to closely monitor democracy in Belarus

Siemens Energy promised Deutsche Welle to closely monitor democracy in Belarus

Opposition Belarusians and the diaspora have a new form of struggle against the Lukashenka regime. But the wrong German company was under attack....

US and EU suspend the collection of duties that were imposed against each other during the Trump administration

US and EU suspend the collection of duties that were imposed against each other during the Trump administration

US President Joe Biden and European Commission President Ursula von der Leyen also agreed on a coordinated foreign policy, including towards Russia...

Sanjeev Gupta Metallurgical Alliance Stops Paying Greensill Loans

Sanjeev Gupta Metallurgical Alliance Stops Paying Greensill Loans

The fates of two British nouveau riches Lex Greensill and Sanjeev Gupta are closely intertwined and not only by mutual financial obligations....

Lufthansa has a record loss of 6.7 billion euros in 2020

Lufthansa has a record loss of 6.7 billion euros in 2020

Deutsche Lufthansa AG, better known as Lufthansa, is Germany's flagship airline and Europe's largest aviation concern, which also includes...

Liberty Steel changes its mind about buying Hungarian steel mill Dunaferr

Liberty Steel changes its mind about buying Hungarian steel mill Dunaferr

A possible reason for Liberty's withdrawal from negotiations with the Hungarian government, which started at the end of January, could be...

UK Raises Tax Rates for Large Businesses to 25%

UK Raises Tax Rates for Large Businesses to 25%

Companies with revenues of more than £ 250,000 a year or more will be taxed at 25% from 2023....

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