Italian steel plant - largest in Western Europe - launches blast furnace

Italian steel plant - largest in Western Europe - launches blast furnace

The launch of a blast furnace at the Ilva Iron and Steel Works marks the conclusion of negotiations between the Italian government and ArcelorMittal....

World's largest wind farm to appear in the North Sea

World's largest wind farm to appear in the North Sea

The first two stages of construction of the offshore station will cost customers more than $ 7 billion....

British Steel Teesside increases headcount for the first time in many years

British Steel Teesside increases headcount for the first time in many years

Recruiting began less than a year after the steel plant was downsized by about 500 people....

All Maserati will be electric cars in five years

All Maserati will be electric cars in five years

Maserati will electrify its entire lineup in the next five years - CEO....

German-Danish company refused to certify Nord Stream 2 due to the threat of US sanctions

German-Danish company refused to certify Nord Stream 2 due to the threat of US sanctions

Certification company DNV GL has stopped servicing the Nord Stream 2 gas pipeline project due to the threat of US sanctions....

British billionaire Sanjeev Gupta raises the stakes in race for Thyssenkrupp Steel assets

British billionaire Sanjeev Gupta raises the stakes in race for Thyssenkrupp Steel assets

Despite opposition from key employees and talk of German business traditions, Thyssenkrupp may still have to sell its steel business to a British...

British auto industry will lose 50 billion pounds if the country leaves the EU without a deal

British auto industry will lose 50 billion pounds if the country leaves the EU without a deal

There are 38 days left to conclude a rescue deal for British automakers to exit the UK from the European Union. Further, the WTO norms may begin to...

Swedish state-owned mining company to switch to hydrogen for DRI production

Swedish state-owned mining company to switch to hydrogen for DRI production

New wind and renewable capacity in Europe and around the world, as well as dramatic cuts in cell costs and carbon capture and storage potential, are...

Steel buyers in the European Union prepare for further significant price increases

Steel buyers in the European Union prepare for further significant price increases

The supply deficit in the European Union steel market has increased sharply after the decision of the European Commission to introduce retroactive...

Hyundai and Ineos to collaborate on hydrogen vehicles

Hyundai and Ineos to collaborate on hydrogen vehicles

As part of the initiative, the companies are ready to support all kinds of public and private projects to develop the market for hydrogen-powered...

Deutsche Bahn with Siemens help to switch to hydrogen trains from 2024

Deutsche Bahn with Siemens help to switch to hydrogen trains from 2024

Siemens and Deutsche Bahn launch tests of new hydrogen trains on the line between Tübingen, Horb and Pforzheim in Baden-Württemberg....

European Steel Association asks to extend protective quotas on steel

European Steel Association asks to extend protective quotas on steel

EU guarantees were first introduced in 2018, after the US imposed protective duties on steel imports from around the world. The bloc feared...

US to impose sanctions against Nord Stream 2 by the end of the year

US to impose sanctions against Nord Stream 2 by the end of the year

New sanctions will be introduced during the Trump administration, but their harshness may be mitigated by President-elect Biden's desire to...

EU wind farms will be 25 times more powerful

EU wind farms will be 25 times more powerful

According to the European Commission, 800 billion euros will be required by 2050 to implement the plans for the "green transformation"....

Luxembourg sets up European space mining center

Luxembourg sets up European space mining center

Luxembourg will intensify efforts to achieve its goal of becoming a European hub for space mining by announcing plans to establish a European Center...

Thyssenkrupp will lay off 11,000 people to stop losses rising to 1.6 billion euros

Thyssenkrupp will lay off 11,000 people to stop losses rising to 1.6 billion euros

The largest German industrial concern will increase the number of job losses and will try to sell the unprofitable metallurgical business....

European Union scrap collectors worried about possible export restrictions

European Union scrap collectors worried about possible export restrictions

The European Union may restrict the export of scrap metal as part of the ongoing revision of the rules for the transport of waste. Metallurgists are...

UK to ban new petrol cars by 2030, hybrids by 2035

UK to ban new petrol cars by 2030, hybrids by 2035

To achieve zero greenhouse gas emissions by 2050, the UK will have to conduct a "green revolution" in all spheres of life and business,...

Belarus imposed retaliatory sanctions against the European Union and Canada

Belarus imposed retaliatory sanctions against the European Union and Canada

Belarus from today is mirroring its response to the sanctions list for each of the EU countries and for Canada....

German Salzgitter announces production of the first green steel slab

German Salzgitter announces production of the first green steel slab

In the new process, iron ore has been reduced to pure iron with a small portion of natural gas and a larger volume of hydrogen in a direct reduction...

Turkish steel exports to the European Union may be taxed \

Turkish steel exports to the European Union may be taxed \

EUROFER announced the possibility of retroactive application of anti-dumping duties against Turkish steel imports....

Volkswagen invests 27 billion euros in self-driving cars

Volkswagen invests 27 billion euros in self-driving cars

The automaker's total investment in electric vehicles and autonomous vehicles will amount to 73 billion euros....

Volvo engineers dropped 10 new rescue vehicles from 30m height (Video)

Volvo engineers dropped 10 new rescue vehicles from 30m height (Video)

New types of high-strength steel used in the bodies of modern cars have become a real test for rescue teams, who previously opened cars made of...

Turkey plans to become a "logistics superpower" and build a railway to Azerbaijan

Turkey plans to become a "logistics superpower" and build a railway to Azerbaijan

Since the start of the pandemic, Turkey has invested about $ 6 billion in the development of its transport infrastructure, including in the...

Rolls-Royce sells 94% of its £ 2 billion stake

Rolls-Royce sells 94% of its £ 2 billion stake

The company announced that it will buy back the remaining shares if no buyer is found on the market....

30% of the 7-year EU budget will be spent on climate change - European Commission

30% of the 7-year EU budget will be spent on climate change - European Commission

This is the highest share of the largest European budget ever. The package also focuses on protecting biodiversity and gender equality....

Thyssenkrupp asks the German government for state aid of 5 billion euros

Thyssenkrupp asks the German government for state aid of 5 billion euros

As reported by Bloomberg, the size of the discussed financial assistance is higher than the market value of the concern....

Steel companies from the EU and South Korea will jointly develop steel for Hyperloop

Steel companies from the EU and South Korea will jointly develop steel for Hyperloop

Tata Steel and POSCO engineers join forces to develop rolled metal products for innovative high-speed vehicles of the future....

European Union will impose new duties on goods from the United States due to subsidies from Boeing

European Union will impose new duties on goods from the United States due to subsidies from Boeing

Disputes between the EU and the US on subsidizing aircraft manufacturers have been going on since 2004....

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