Thyssenkrupp announces tender for hydrogen supply for DRI plant

Thyssenkrupp announces tender for hydrogen supply for DRI plant

The first use of hydrogen in factories is planned for 2028....

Metinvest reduced steel production, but increased mining and processing of iron ore raw materials

Metinvest reduced steel production, but increased mining and processing of iron ore raw materials

Since August 2023, a sea corridor began to operate for merchant ships traveling along the Black Sea from or to Ukraine, which, in particular,...

Steel market fundamentals are changing in Europe - Argus

Steel market fundamentals are changing in Europe - Argus

Changes to EU steel protections could further push up the premium for Italian HRC as the cheapest import options in recent months could end up...

Von der Leyen proposes exporting green steel from Mauritania to the EU

Von der Leyen proposes exporting green steel from Mauritania to the EU

European business mission will visit Mauritania in March to explore investment opportunities...

Rolled metal production at Zaporizhstal increased 2.6 times

Rolled metal production at Zaporizhstal increased 2.6 times

The increase in production levels in January 2024 compared to the same period last year is due to the removal of blast furnace No. 2 from hot...

Victor Pinchuk's pipe plant warns of the negative impact of changes in tax policy in Ukraine

Victor Pinchuk's pipe plant warns of the negative impact of changes in tax policy in Ukraine

The activity of the enterprise may be negatively affected by instability of legislation, in particular changes in tax policy, deterioration of the...

A rocket street will appear in Beijing

A rocket street will appear in Beijing

To accelerate the development of the commercial aerospace industry, Beijing will continue to devote resources in aerospace science and technology to...

Italy signed a memorandum of understanding with Metinvest to create an integrated industrial project in the municipality of Pembino

Italy signed a memorandum of understanding with Metinvest to create an integrated industrial project in the municipality of Pembino

The Pembino steel complex is one of the main steel processing centers in Italy and Europe, and the Ministry of Business and the Made in Italy project...

Korea lifts import tariffs on some stainless steel rods

Korea lifts import tariffs on some stainless steel rods

Duties on stainless steel rods from Japan, India and Spain were last extended on January 22, 2021 for the fourth time in three years at rates of...

Tata Steel will shut down its last two blast furnaces in the UK

Tata Steel will shut down its last two blast furnaces in the UK

Tata Steel will close two of its Port Talbot blast furnaces this year as part of a shift to greener EAF steel production that aims to "reverse...

Ukraine lost another 42% of export revenue from ferrous metals trade in 2023

Ukraine lost another 42% of export revenue from ferrous metals trade in 2023

Statistics of Ukrainian exports of ferrous metals continued to deteriorate in 2023 after falling by 67.5% in 2022....

Ukrainian exports of steel semi-finished products and billets continued to fall in 2023

Ukrainian exports of steel semi-finished products and billets continued to fall in 2023

Exports of steel billets and semi-finished steel products from Ukraine in 2023 decreased by another 36% after a fall of 72% in 2022....

More than 10.5 million new passenger cars were sold in the EU in 2023

More than 10.5 million new passenger cars were sold in the EU in 2023

The European vehicle market grew last year in all countries of the bloc with the exception of Hungary....

Coal production in China is breaking records, and its imports have increased by 60%

Coal production in China is breaking records, and its imports have increased by 60%

The Chinese economy is in no hurry to abandon coal, setting new records in its production and consumption....

Czech steelmaker Liberty Ostrava's restart postponed

Czech steelmaker Liberty Ostrava's restart postponed

The timing of the restart of the plant of the Czech steel producer Liberty Steel Ostrava is still unclear, since the issue of debts has not been...

Global stainless steel production increased by 2.5%

Global stainless steel production increased by 2.5%

The World Stainless Steel Association released data for the first nine months of 2023 showing stainless steel production rose 2.5% year over year to...

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...

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