This is due to the large gap between import and domestic steel prices in the UK...
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Elon Musk predicts a difficult year for the global economy
Musk stated that no business is immune and a cascade of corporate bankruptcies is expected. The techno-king made this prediction during Tesla's May...
Global stainless steel consumption to grow by 3.6% in 2024 - World Stainless Association
According to the May forecast of the World Stainless Steel Association, during 2023 the global consumption of stainless steel will remain at the...
Europe's automotive industry braces for tough second half - Argus
European car manufacturers are bracing for increased competition and lower demand in the second half of the year....
ArcelorMittal Temirtau increased the production of flat products
Over the past 10 years, the ArcelorMittal Temirtau metallurgical plant has for the first time reached the maximum output of the first grade: both in...
Ukrainian scrap metal workers have multiplied the export of strategic raw materials from the country
Steel industry lobbyists disagree with this state of affairs, declaring a threat to national security and calling for a complete ban on the export of...
Rinat Akhmetov is ready to join the EU Green Deal and is looking for opportunities to expand business in Europe
The metallurgical holding of the richest businessman in Ukraine is ready to join the "green" transition of Europe as part of the...
Metallurgical enterprises of Ukraine reduced the production of general steel by 56%
According to the OP "Ukrmetallurgprom", in January-April 2023 in Ukraine there is a gradual increase in the production of iron, steel and...
German Leopard tanks to be assembled in Ukraine – Handelsblatt
The German defense concern Rheinmetall creates a joint venture for the production and repair of tanks in Ukraine: all contracts have already been...
Ukrzaliznytsia denied reports about the suspension of iron ore transportation in the direction of the Czech Republic
The national railway operator of Ukraine was forced to come out with a refutation of reports about the alleged blocking of shipments of metallurgical...
Dneprovsky Metallurgical Plant ensured the operation of key sectors of the Ukrainian economy
PJSC "Dneprovsky Metallurgical Plant" (DMZ, formerly Dneprokoks), which is part of DCH Steel of the DCH group of businessman Oleksandr...
New Volvo design center opens in Shanghai
The opening of a design center in Shanghai and three new car assembly plants in other cities will strengthen the company's strategic investment and...
Thyssenkrupp's steel business in Europe continues to make big losses
Thyssenkrupp Steel Europe posted an adjusted operating loss of €14 million for the quarter, compared to a profit of €479 million in the same period...
Turkish steel market will continue to fall regardless of the election results - TSPA
Turkish market participants have become confident that the results of the May 14 elections are unlikely to significantly boost demand or improve the...
US steel market expects further price cuts despite stable demand - S&P
Prices for flat-rolled steel in the US will fall, according to three-quarters of market participants surveyed by S&P Global Commodity Insights....
China is rapidly building up bank gold reserves
The People's Republic of China has been actively buying up gold for its reserves since the end of last year, and in the last two months alone, it has...
Finished steel exports from India hit a 13-year high in April
World Steel Association predicts high global demand for steel this year...
Tesla's Shanghai gigafactory delivered more than 75,000 vehicles in April
Established in 2019, Tesla's Shanghai gigafactory is the first of its kind outside the US....
Gold could top record $2,300 an ounce on concerns over the global economy
The price of gold has been close to the all-time high of $2,075 an ounce in the past few days and could rise above a record $2,300 amid the ongoing...
International Renewable Energy Agency and thyssenkrupp sign partnership agreement
The new partnership aims to help improve the production and delivery of green hydrogen throughout the value chain....
ArcelorMittal beats earnings expectations on steel demand
ArcelorMittal continues to demonstrate its ability to operate in all market conditions...
Emirates Steel in talks to acquire stake in thyssenkrupp
The group struggled for years to spin off tk steel, which suffered an unsuccessful merger with Tata Steel Europe in 2019...
Representatives of the steel industry met at the EUROMETAL & YISAD Steel conference in Istanbul
The EUROMETAL Steel Day & YISAD Flat Steel Conference, held at the Marriott Asia Hotel in Istanbul on Thursday, April 27, was attended by almost...
ArcelorMittal to restart burned-out blast furnace at Dunkirk at the end of May
ArcelorMittal to resume kiln operation in France while still assessing damage in Gijón, Spain...
The European division of Severstal got out of sanctions by selling
Russian mining and metals company Severstal has completed the sale of its European steel distribution network Severstal Distribution to Marcegaglia...
Global steel demand to grow by 2.3% - Worldsteel
Persistent inflation and high interest rates in most countries will limit the recovery in steel demand in 2023, with demand growth driven by regions...
China continues to lead the global shipbuilding market
The number of new orders accepted by Chinese shipyards in the first quarter of 2023 was 53% higher compared to the same period last year and amounted...
Czech metallurgical plant in Ostrava faces shutdown due to "difficulties in the market"
Since the beginning of April, prices for hot rolled coil in the northwestern part of the EU have fallen by almost 20 euros per tonne, while the...
Price expectations of steel producers in the EU are not supported by the market - MEPS
Since December last year, European flat steel producers have successfully implemented regular price increases. Unattractive import offers have...
