Europe needs emergency trade measures and adjustment: Lakshmi Mittal

Europe needs emergency trade measures and adjustment: Lakshmi Mittal

Fair trade takes on a new dimension when Europe is the only major market with carbon costs...

World's largest gold deposit discovered in China

World's largest gold deposit discovered in China

Data shows the presence of 300 tons of gold at a depth of about 2000 meters and up to 700 tons at a depth of 3000 meters....

Liberty Steel officially went bankrupt in Dudelange

Liberty Steel officially went bankrupt in Dudelange

The Luxembourg Commercial Court declared bankruptcy of the Liberty Steel plant in Dudelange....

Steel sales in Germany rose 7.4% in October

Steel sales in Germany rose 7.4% in October

The majority of sales (61.1%) were in the flat products category...

Celsa sells steel subsidiaries to Czech investor

Celsa sells steel subsidiaries to Czech investor

Spain-headquartered long steel manufacturer Celsa has sold its UK and Scandinavian subsidiaries to Czech investment group Sev.en Global Investments...

China's export tariff rocks aluminum market

China's export tariff rocks aluminum market

Long-term implications for the global aluminum supply chain...

EU steel producers ask to limit scrap exports

EU steel producers ask to limit scrap exports

European steel association Eurofer continues to lobby the European Commission to limit scrap exports as the industry moves towards decarbonization....

Trump Team Moves to End Biden's Electric Vehicle Tax Cut

Trump Team Moves to End Biden's Electric Vehicle Tax Cut

Tesla has historically been the largest beneficiary of consumer subsidies for electric vehicles passed by Biden and previous administrations...

Tibnor supplies SSAB Zero steel for shipbuilding in Norway

Tibnor supplies SSAB Zero steel for shipbuilding in Norway

The Norwegian shipyard will be the first to use SSAB Zero steel for ship construction...

The EU has increased quotas for Turkish metal products

The EU has increased quotas for Turkish metal products

The EU has allocated additional volumes for the import of metal of Turkish origin...

Scrap volumes on the LME increased during the week; futures contracts in contango

Scrap volumes on the LME increased during the week; futures contracts in contango

Trading volumes in London Metal Exchange scrap futures contracts, which are calculated based on Platts valuations, rose over the week....

Australian MinRes will supply Onslow iron ore project with solar energy

Australian MinRes will supply Onslow iron ore project with solar energy

The 3.8 MW solar array and more than 6,600 solar panels will displace approximately 95 TJ of natural gas annually, reducing carbon dioxide emissions...

China's recession will slow down steel market recovery in 2025

China's recession will slow down steel market recovery in 2025

Rising demand in the EU and modest recovery in the US and Japan will put limited upward pressure on global steel prices in 2025....

Consumption of rolled metal for 9 months of 2024 in Ukraine decreased by almost 7%

Consumption of rolled metal for 9 months of 2024 in Ukraine decreased by almost 7%

For nine months of 2024, the capacity of the domestic rolled metal market of Ukraine amounted to 2.425 million tons, of which 927 thousand tons, or...

Global stainless steel production increased 6.3% year-on-year to 30.4 million tonnes in the first 6 months of 2024

Global stainless steel production increased 6.3% year-on-year to 30.4 million tonnes in the first 6 months of 2024

Global stainless steel production in January-June of this year increased by 6.3% compared to the same period last year - to 30.370 million tons from...

China and the EU confirmed their intention to resolve the dispute over electric vehicles through dialogue

China and the EU confirmed their intention to resolve the dispute over electric vehicles through dialogue

The parties also exchanged views on the investigations into the application of trade protection measures initiated by China in relation to certain...

The EU has introduced registration of imports of hot-rolled flat products from Egypt, India, Japan and Vietnam

The EU has introduced registration of imports of hot-rolled flat products from Egypt, India, Japan and Vietnam

Imports of eligible products must be recorded to ensure that if the results of an ongoing anti-dumping investigation result in the imposition of...

Ukrainian metallurgists increased the export of steel billets and slabs by more than one and a half times

Ukrainian metallurgists increased the export of steel billets and slabs by more than one and a half times

According to statistics, ferrous metals for January-September 2024 accounted for 7.78% of the total revenues from Ukrainian exports of goods versus...

A unique three-story mine cage was manufactured at the Dnieper Metallurgical Plant

A unique three-story mine cage was manufactured at the Dnieper Metallurgical Plant

At the Dnieper Metallurgical Plant, for the first time in the history of the enterprise, a mine cage was manufactured. In the near future it will be...

Thyssenkrupp awarded engineering contract for one of Europe's largest carbon capture projects

Thyssenkrupp awarded engineering contract for one of Europe's largest carbon capture projects

Thyssenkrupp Polysius is supplying innovative CO 2 capture technology to TITAN for a large-scale carbon capture project in Greece. Upgrading the...

Nippon Steel agreed to sell its stake in Calvert to ArcelorMittal for one dollar

Nippon Steel agreed to sell its stake in Calvert to ArcelorMittal for one dollar

ArcelorMittal is one of the world's leading integrated steel and mining companies, with a presence in 60 countries and major steel operations in...

China's alumina price reaches new all-time high and will remain high in the near term

China's alumina price reaches new all-time high and will remain high in the near term

Supplies from Guinea, China's largest supplier of bauxite, have been hit by disruptions over the past few months, first due to unfavorable...

German steel demand will not recover in 2024 – WV Stahl

German steel demand will not recover in 2024 – WV Stahl

This year, according to Worldsteel, demand for steel in the country will fall by 7%...

WSA cuts global steel demand forecast for 2024

WSA cuts global steel demand forecast for 2024

The forecast for steel demand in 2024 for most major economies, including China, has been significantly reduced...

Mexican aluminum scrap traders expect 'more aggressive buying in coming months' amid strong auto sector

Mexican aluminum scrap traders expect 'more aggressive buying in coming months' amid strong auto sector

Mexico's auto sector is enjoying a "good year." Aluminum premiums are higher than in the previous round of contracts. Expected labor...

Chinese economic stimulus measures lead to higher steel prices

Chinese economic stimulus measures lead to higher steel prices

The recent rise in steel prices in China has prompted steelmakers in other parts of the world to step up their own higher bids....

The World Steel Association forecasts that global steel demand will fall by a further 0.9% to 1,751 million tonnes this year.

The World Steel Association forecasts that global steel demand will fall by a further 0.9% to 1,751 million tonnes this year.

There have been significant downward revisions to the 2024 steel demand outlook for most major economies, including China, reflecting continued...

Tata Steel closes sinter plant

Tata Steel closes sinter plant

Port Talbot ceases iron production...

European metallurgists really want to introduce taxes invented by Donald Trump

European metallurgists really want to introduce taxes invented by Donald Trump

Multiple sources say EU steel producers are lobbying for emergency import restrictions as cheap imports continue to flood the market....

Chinese electric vehicle technology opens up opportunities for development - Hungarian minister

Chinese electric vehicle technology opens up opportunities for development - Hungarian minister

As M. Nagy emphasized, Europe must accelerate the green transition in the automotive industry, which will also help increase the competitiveness of...

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