British unions fear thousands of jobs to be lost due to Sanjiv Gupta's financial woes

British unions fear thousands of jobs to be lost due to Sanjiv Gupta's financial woes

Recent concerns about future difficulties in refinancing Greensill's liabilities and Sunjawa Gupta's business are of serious concern to...

The United States expands the list of organizations associated with the development of Russian chemical weapons

The United States expands the list of organizations associated with the development of Russian chemical weapons

The US Department of Commerce has imposed sanctions against 14 organizations located in Russia, Germany and Switzerland in connection with the...

Britain denies loan guarantees for metallurgical holding GFG Alliance

Britain denies loan guarantees for metallurgical holding GFG Alliance

British investment fund Greensill has lost its government guarantee on loans to steel tycoon Sanjeev Gupta....

Spread between raw materials and high strength alloy steel in Europe increased in price

Spread between raw materials and high strength alloy steel in Europe increased in price

Hot rolled coil spot prices in Europe rose to an average of € 723.85 per tonne in February. Scrap prices are falling, while coking coal prices...

The Enhanced Partnership Agreement between the EU and Armenia comes into force on March 1

The Enhanced Partnership Agreement between the EU and Armenia comes into force on March 1

The Comprehensive and Enhanced Partnership Agreement between the European Union and Armenia comes into force at the height of the political crisis in...

Germany's second largest private bank closes branches in 15 countries

Germany's second largest private bank closes branches in 15 countries

Commerzbank, which received about 3 billion euros in net loss in 2020, announced for the first time in which countries its branches and branches...

University of Sheffield engineers announce breakthrough in high-strength steel production

University of Sheffield engineers announce breakthrough in high-strength steel production

A new breakthrough in steel production that could help reduce carbon emissions in the automotive industry, among other things, was made by engineers...

European officials urge World Bank to stop fossil fuel investment

European officials urge World Bank to stop fossil fuel investment

In Exclusive material by Reuters, it is reported that the World Bank will no longer finance projects for the extraction and processing of oil, gas...

ArcelorMittal has raised prices for galvanizing for the European market to 900 euros per ton

ArcelorMittal has raised prices for galvanizing for the European market to 900 euros per ton

The largest producer of steel in the EU did not increase prices for hot rolled steel, probably fearing an influx of imports from Russia and India....

The European Commission initiated a new investigation on steel imports to extend quotas

The European Commission initiated a new investigation on steel imports to extend quotas

The European Commission launched a new investigation today to decide whether to extend safeguards on steel imports....

ArcelorMittal is preparing to announce another price increase in the next few days

ArcelorMittal is preparing to announce another price increase in the next few days

While the extent of the increase is not yet clear, most expect the official HRC price to rise by € 30 /t to reach € 780 /t. The hot-dip galvanized...

LIBERTY Steel Group will build a hydrogen smelter in Dunker, France

LIBERTY Steel Group will build a hydrogen smelter in Dunker, France

According to Sanjeev Gupta, France is an ideal place to test new technologies, thanks to its strong industrial heritage, skilled workforce and low...

Metinvest's Bulgarian plant has reached a record level of steel production

Metinvest's Bulgarian plant has reached a record level of steel production

Located near the port of Burgas, the rolling mill of Rinat Akhmetov and Vadim Novinsky significantly increased the production and sales of steel...

British car enthusiasts will be paid £ 3,000 to stay in their garage

British car enthusiasts will be paid £ 3,000 to stay in their garage

Payments will be offered to owners of vehicles with diesel and gasoline engines that rolled off the assembly line before 2016 and before 2006,...

US State Department failed to propose new sanctions against Nord Stream 2 - Bloomberg

US State Department failed to propose new sanctions against Nord Stream 2 - Bloomberg

The US State Department did not propose new sanctions against European companies involved in the construction of Nord Stream 2. The agency did not...

ArcelorMittal Poland completed modernization of pickling line at cold rolling mill in Krakow

ArcelorMittal Poland completed modernization of pickling line at cold rolling mill in Krakow

Sanjay Samaddar, President of the Management Board of ArcelorMittal Poland, announced that the investments made in the Krakow branch are in line with...

Ice Apocalypse In Texas Spurs Up Gas Prices In Europe

Ice Apocalypse In Texas Spurs Up Gas Prices In Europe

Days of glacial weather claimed the lives of at least 38 people across the country, made roads impassable, disrupted vaccine distribution and...

Renault in 2020 has a record loss of 8 billion euros

Renault in 2020 has a record loss of 8 billion euros

In the first half of last year, the automaker had more complex problems related to the coronavirus pandemic, and this year it warns of new lockdowns...

ThyssenKrupp refused to sell its steel mills to British Liberty Steel

ThyssenKrupp refused to sell its steel mills to British Liberty Steel

Sanjeev Gupta lost the first-ever race for distressed metallurgical assets....

Poland supports introduction of carbon tax at EU borders

Poland supports introduction of carbon tax at EU borders

The European Commission is working on the introduction of the Carbon Boundary Management Mechanism (CBAM), a border levy, which will come into effect...

Ford invests $ 1 billion in its first European electric vehicle

Ford invests $ 1 billion in its first European electric vehicle

Ford Europe plans to launch the first all-electric model in Cologne in 2023. The American brand wants to phase out combustion engines entirely by...

Europe invests about $ 150 billion in hydrogen projects - report

Europe invests about $ 150 billion in hydrogen projects - report

Of the 228 announced worldwide hydrogen projects, 55% or 126 projects are in Europe....

Glencore To Pay $ 1.6 Billion In Dividend Amid High Commodity Prices

Glencore To Pay $ 1.6 Billion In Dividend Amid High Commodity Prices

Glencore has achieved a record high as a listed company, posting $ 3.3 billion in earnings before interest and taxes, capitalizing on the turmoil...

Worldwide steel market has gone crazy - President of the Polish Stainless Steel Association

Worldwide steel market has gone crazy - President of the Polish Stainless Steel Association

Huge demand, limited supply, and at the same time a strange situation when prices for Asian steel are higher than prices in Europe. This is a...

ArcelorMittal postpones blast furnace restart in Belgium due to heavy snowfall

ArcelorMittal postpones blast furnace restart in Belgium due to heavy snowfall

ArcelorMittal shutdown blast furnace B in Ghent in September 2020 for reflining and was scheduled to start up in mid-February. ....

All UK Jaguars will be electric cars in 2025

All UK Jaguars will be electric cars in 2025

Jaguar Jaguar Land Rover joins the race to develop zero emissions vehicles....

Ukraine and the European Union deepen cooperation on the production of lithium-ion batteries

Ukraine and the European Union deepen cooperation on the production of lithium-ion batteries

The EU is ready to support Ukraine in this direction, and therefore will expand the technical support program by an additional 800,000 euros....

Germany's second largest steel company announces force majeure on supplies due to snowfall

Germany's second largest steel company announces force majeure on supplies due to snowfall

Strong winds, snowfalls and ice in northern and central Germany led to a traffic collapse....

EU enacted “enforcement of trade regulation” to circumvent WTO rules

EU enacted “enforcement of trade regulation” to circumvent WTO rules

The EU has been given the opportunity to punish its trading partners if they impede effective dispute resolution, for example, by blocking the...

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