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...

Exchange prices for iron ore in China are rising despite regulatory intervention

Exchange prices for iron ore in China are rising despite regulatory intervention

China's government planner said it will closely monitor changes in the iron ore market and will further tighten oversight of spot and futures...

Volkswagen will launch a base-level electric vehicle platform aimed at the Chinese market in 3 years

Volkswagen will launch a base-level electric vehicle platform aimed at the Chinese market in 3 years

The German automaker's total investment in China will exceed a billion dollars, and the new industrial park will employ more than 3,000 people....

Egypt calls on Western countries to help developing economies decarbonize their steel industry

Egypt calls on Western countries to help developing economies decarbonize their steel industry

Steel exporters from developing countries face EU Carbon Border Mechanism (CBAM) tariffs that would have “serious consequences.”...

ArcelorMittal Krivoy Rog plans to refuse financial support from the parent company

ArcelorMittal Krivoy Rog plans to refuse financial support from the parent company

The largest enterprise in the mining and metallurgical complex of Ukraine plans to complete 2024 with a profit, without resorting to financial...

Dneprovagonmash of Sergei Tigipko recorded record profits

Dneprovagonmash of Sergei Tigipko recorded record profits

One of Ukraine’s leading enterprises in the design and manufacture of freight cars increased its net profit in January–September 2023 by 8.3 times...

The Belarusian Metallurgical Plant expects hardware production to grow by one and a half times compared to last year

The Belarusian Metallurgical Plant expects hardware production to grow by one and a half times compared to last year

In January - September of this year, BMZ operated successfully and with a net profit. During this period, steel production and production increased,...

Polish activists “stabbed in the back” Ukrainian pipe makers - Ukrtruboprom

Polish activists “stabbed in the back” Ukrainian pipe makers - Ukrtruboprom

Transportation of Ukrainian pipes to Europe is blocked at the Ukrainian-Polish border by activists demanding the return of international road...

China rejects EU accusations of exporting excess electric vehicle capacity

China rejects EU accusations of exporting excess electric vehicle capacity

Following accusations of overcapacity in the steel market, China is facing accusations of overproduction of electric vehicles, which could lead to...

Liberty Steel blast furnaces in Europe continue to remain idle

Liberty Steel blast furnaces in Europe continue to remain idle

Sanjeev Gupta's metallurgical company has stopped its smelting units in Romania and the Czech Republic and does not yet see the possibility of...

China's scrap steel supply will rise in the fourth quarter as consumption rises

China's scrap steel supply will rise in the fourth quarter as consumption rises

Based on an expected scrap steel utilization rate of 30% in China's steel sector by 2025, the Metallurgical Mining Association of China (MMAC)...

Turkish steel distributor Ozkanlar enters electric vehicle sector

Turkish steel distributor Ozkanlar enters electric vehicle sector

Sales of electric vehicles in Turkey have increased significantly recently, increasing by 890% compared to the same period last year...

Thyssenkrupp announced a $2.3 billion impairment of its steel division

Thyssenkrupp announced a $2.3 billion impairment of its steel division

Shares of the industrial conglomerate still rose 5% and reached the top of the Frankfurt mid-cap index...

China will become the world's largest car exporter in 2023

China will become the world's largest car exporter in 2023

If in 2001 the volume of automobile exports from China in value terms was only 1.56 billion US dollars, then in the first eight months of this year...

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