Ukrhydroenergo is preparing lawsuits against the Russian Federation for the destruction of the Kakhovka hydroelectric power station

Ukrhydroenergo is preparing lawsuits against the Russian Federation for the destruction of the Kakhovka hydroelectric power station

Ukrhydroenergo is the largest hydro-generating company in Ukraine. The destruction of the Kakhovka Dam caused nearly $14 billion in damages to...

Vestas plans to build a second offshore energy plant in Poland

Vestas plans to build a second offshore energy plant in Poland

The new wind turbine blade factory is planned to be located on a site in the northern part of Szczecin, which Vestas acquired in February 2023....

ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne

ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne

The move comes as contract negotiations continue with automakers and the wider supply chain, with most factories trying to secure contract extensions...

Five main market trends in the steel market in 2024 according to European analysts

Five main market trends in the steel market in 2024 according to European analysts

European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....

Tata Steel sales in India hit record high

Tata Steel sales in India hit record high

Sales in India grew 3% for the year and 1.2% for the quarter. Domestic sales increased 10% for the year and 3% for the quarter. Indian operations...

ArcelorMittal refuses to buy Polish electricity supplier

ArcelorMittal refuses to buy Polish electricity supplier

ArcelorMittal is currently involved in separate legal matters with Liberty as it seeks payment of a €140 million arbitration award related to...

Nippon Steel and Posco now own Teck's minority stake in the steel coal business

Nippon Steel and Posco now own Teck's minority stake in the steel coal business

Teck divests from coal after deal closes and notes decline in copper production in Chile...

Turkish conglomerate buys Spanish pipe manufacturer

Turkish conglomerate buys Spanish pipe manufacturer

The Turkish company has increased its global pipe production capacity to more than 3 million tons per year...

Thyssenkrupp Materials sells Spanish division of Arania

Thyssenkrupp Materials sells Spanish division of Arania

Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Munguia...

Biden extends EU tariff exemption on steel and aluminum for 2 years

Biden extends EU tariff exemption on steel and aluminum for 2 years

The Biden administration wants to continue negotiations on measures to address excess capacity and low-carbon production....

The EU confirmed the extension of the quota for Russian slabs until 2028

The EU confirmed the extension of the quota for Russian slabs until 2028

They included restrictions on the import of certain ferroalloys and cast iron....

The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures

The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures

European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...

Nippon Steel agrees to buy US Steel for almost $15 billion

Nippon Steel agrees to buy US Steel for almost $15 billion

After the deal was announced, US Steel shares rose, while Nippon shares fell...

The launch of blast furnaces in the Czech Ostrava is in jeopardy due to disputes with the energy supplier

The launch of blast furnaces in the Czech Ostrava is in jeopardy due to disputes with the energy supplier

Tameh Czech is the sole energy supplier to the Ostrava smelter, so its shutdown means Liberty will not be able to restart its blast furnaces or...

China sets a new record for car production and sales

China sets a new record for car production and sales

Car sales in China grew by 27.4% in November 2023...

BHP may stop coal production in Australia at the end of December due to strike

BHP may stop coal production in Australia at the end of December due to strike

Security operators are threatening to strike at Australian miner BHP's Queensland coal mines, while train drivers at Western Australia's...

The largest metallurgical company in Europe left the Kazakh business

The largest metallurgical company in Europe left the Kazakh business

The mining and metallurgical holding of British businessman Lakshmi Mittal sold its assets in Temirtau to the government of Kazakhstan for a billion...

International Aluminum Institute launches climate initiative

International Aluminum Institute launches climate initiative

As part of this initiative, IAI will track and report on its member companies' "ambitions and progress in reducing greenhouse gas...

Ukraine's foreign exchange earnings from the export of metal products decreased by 44%

Ukraine's foreign exchange earnings from the export of metal products decreased by 44%

In November, earnings from the export of ferrous metals amounted to $174.380 million, while in the previous month – $175.8671 million....

Losses of the Ukrainian company Interpipe due to the blockade of the Polish-Ukrainian border exceeded $1.2 million

Losses of the Ukrainian company Interpipe due to the blockade of the Polish-Ukrainian border exceeded $1.2 million

In addition to the already calculated direct losses, Victor Pinchuk’s pipe company expects large claims from its European consumers and the...

Metinvest named the conditions for increasing foreign exchange earnings from the export of metal products

Metinvest named the conditions for increasing foreign exchange earnings from the export of metal products

Safe maritime transportation, financing for small and medium-sized steel consumers, simplification of customs procedures and expansion of the range...

Russian LNG exports to Europe hit a historical high in November

Russian LNG exports to Europe hit a historical high in November

In total, in November, Russia exported more than 2.9 million tons or 4 billion cubic meters of liquefied natural gas to the EU countries....

The Czech Republic has joined a coalition calling for a phase-out of coal-fired generation by 2030.

The Czech Republic has joined a coalition calling for a phase-out of coal-fired generation by 2030.

PPCA is a global coalition of governments and local actors that calls on all its members to commit to phasing out coal by 2030....

Experts warn of rising geopolitical risks to critical minerals supply chains

Experts warn of rising geopolitical risks to critical minerals supply chains

Policymakers and private companies must work to diversify and create more sustainable global supply chains, noted at the Resource Tomorrow conference...

European prices for long rolled steel continue to rise despite the start of winter

European prices for long rolled steel continue to rise despite the start of winter

The reason for the increase was limited supply from manufacturers due to a series of planned service stops....

ArcelorMittal stops production of steel pipes in Poland

ArcelorMittal stops production of steel pipes in Poland

According to the official version of the company, the largest producer of rolled metal in the European Union will stop the production of steel pipes...

ArcelorMittal shuts down steel production in South Africa and lays off 3,500 workers

ArcelorMittal shuts down steel production in South Africa and lays off 3,500 workers

Ongoing rail logistics problems in South Africa and the worsening energy crisis have significantly increased costs for the business, ArcelorMittal...

Strikes at major US auto plants are over. Losses exceeded $7 billion

Strikes at major US auto plants are over. Losses exceeded $7 billion

The US auto industry is hoping for a return to business as usual after workers at the country's Big Three automakers agreed to new labor...

Lift breaks at South Africa's deepest mine, killing 11 miners

Lift breaks at South Africa's deepest mine, killing 11 miners

Impala Platinum (IMPJ.J) said on Tuesday it had temporarily stopped work at its Rustenburg mining complex in South Africa after 11 workers died in an...

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