According to the report of the Federal State Statistics Service of the Russian Federation “On the socio-economic situation of Russia”, in September...
News
Europe's steel sector faces recession in 2024
War, an unresolved energy crisis, high inflation and tightening economic conditions have created uncertain prospects for the European steel...
China's overcapacity problem returns
For most of 2023, Chinese steelmakers increased steel production...
Liberty Steel suspends iron production in Europe
Unions are concerned about the situation and are calling on the company and government officials to meet to clarify its financial position and plans...
In the first 6 months of 2023, global stainless steel production decreased by 1.7%
According to a preliminary estimate by the World Stainless Association, during the first half of 2023, metallurgical enterprises around the world...
US steel mills raised minimum prices for cold-rolled steel
Less than a month after the September price increase in the United States, the minimum prices for cold-rolled steel are again being revised - now at...
Ten Toyota Japan lines suspended due to explosion at Chuo Spring plant
The automaker cannot say when production will resume...
European steel producers are trying to make money from British Steel's problems
ArcelorMittal yesterday announced a price hike of £30 a tonne based on higher costs after British Steel told customers it was demanding £20 a tonne...
Mongolia plans to export 60 million tons of coal in 2024
Most of Mongolia's coal production comes from the Tavan Tolgoi coal deposit, which is one of the largest coal deposits in the world....
EU-US steel and aluminum talks: $10 billion deadlock
Failure of the parties to reach an agreement by October 31 will mean that $10 billion in export tariffs between the EU and the US will automatically...
Worldsteel appoints Nucor's Leon Topalian as Chairman of the Board
Crude steel production in the 63 countries tracked by worldsteel rose 0.2% year-on-year to 1.26 billion tonnes in January-August....
NLMK Belgium proposes to suspend sanctions against Russian slabs
NLMK Belgium Holdings asks the EC to extend for four year, exemption from EU sanctions on Russian slabs in exchange for “green” investments...
JSW Steel and ArcelorMittal target mines and steel business in eastern India
The price of a profitable business remains the subject of negotiations, but the negotiations themselves indicate the interest of major players in...
Dneprovagonmash shipped the first modular cars within the framework of the project with the Austrian TransANT
Ukraine is capable of producing railway cars with almost 100% localization. Ukrainian ore is used to smelt steel and rolled sheets, which are then...
Natural gas prices in Europe exceeded €50/MWh for the first time since April
Due to military operations in Israel, the Tamar field, from which gas flowed to Egypt and had to be used, was closed for further LNG production and...
Thyssenkrupp Aerospace and Boeing have extended their long-term partnership
Thyssenkrupp Aerospace and The Boeing Company have signed a new contract, continuing a partnership that has existed since 1998. Under the agreement,...
EU approves Liberty Steel's purchase of Hungarian Dunaferr plant
In June, Liberty won the auction to acquire insolvent Hungarian steelmaker Dunaferr...
Posco invests in magnet production plant
Production is aimed at meeting the needs of Hyundai Motor Group in the USA, General Motors, Ford and Stellantis....
The Russian automobile market grew by 120% in September
Chinese manufacturers are filling the gap in the Russian market left by the departure of Western brands...
Nippon Steel closes Kure plant
Nippon Steel said it was forced to cut production capacity as its customers, including automakers, moved production overseas....
The Belarusian Steel Plant plans to significantly increase steel production
BMZ expects to increase steel production in 2023 by 15% to 2.3 million tons....
For the first time in history, workers from three automobile corporations went on strike in the United States.
Ford, GM and Stellantis are facing unprecedented union attacks. Steelmakers are being forced to cut production, and US Steel has had to shut down the...
New EU sanctions against Russia affect British manufacturers
EU sanctions against Russia could have a significant impact to British processing plants...
US Steel is attracting interest from a Canadian rival it once owned.
Stelco, once called the Steel Company of Canada, has a history of more than 110 years....
By 2025, the use of chips in smart electric vehicles will grow by more than 26%
Automotive will remain a powerful driver of growth in the semiconductor industry...
Oil hits $95 a barrel amid supply concerns
Oil rises on concerns about supply shortages following recent production cuts by Saudi Arabia and Russia...
Turkish buyers are postponing orders for Russian products and assessing sanctions
The sharp increase in domestic prices for reinforcement in Russia and the strengthening of the ruble have become supporting factors for Russian...
ResponsibleSteel certifies ArcelorMittal plant in Spain
The certification process included an independent audit by the Norwegian company Det Norske Veritas...
China Adopts Plan to Support Stable Growth in Mechanical Engineering at More Than 3%
The plan is mainly focused on 11 sectors of the Chinese industrial sector, including machine tools, agricultural machinery and construction machinery....
