Mining and metallurgical holding of Ukrainian businessman Rinat Akhmetov adheres to all obligations to creditors despite the hostilities in the...
News
Guinea bans mining companies from exporting more than half of foreign exchange earnings
Under the new rules, starting this Friday, Guinean mining firms are required to remit at least half of their export earnings into the country. This...
Europe's largest copper producer robbed - losses could amount to hundreds of millions of euros
Aurubis AG has found discrepancies in stock and delivery figures for the German copper processing division. The case is handled by the German...
European stainless steel makers move to US amid falling EU profits
As a result of recent events in the markets of Europe and the US, the difference in prices for stainless steel exceeded $1,350 per ton in favor of...
Ukrzaliznytsia will receive a loan of 100 million euros for the modernization of infrastructure
The railway company will be able to use the balance of 100 million euros from the European Investment Bank loan approved in 2016 for current needs....
Blastr explores a site for the construction of a pellet plant in Norway
Blastr chose the Lutelandet industrial area on the west coast of Norway as a potential site for the construction of the plant...
Construction steel demand in China will be low until the end of 2023
China's infrastructure investment slows down...
Centravis supplied stainless steel pipes to the Italian company Chesini Meccanica
In the segment of pipes for automotive fuel systems, the largest Ukrainian manufacturer of stainless pipes ranks second in the world after the...
Coal production in China showed steady growth in January-July 2023
From January to July, China produced 2.67 billion tons of raw coal....
EU investigates stainless steel exports from Indonesia
The European Commission has launched an anti-circumvention investigation into imports of cold rolled stainless steel flat products of Indonesian...
Rheinmetall starts servicing tanks in Ukraine
In the coming days, Rheinmetall will start servicing tanks in Ukraine, said Armin Papperger, CEO of the concern....
Lakshmi Mittal plans to acquire one of the largest steel producers in the US
Management of the world's second largest steelmaker, ArcelorMittal, is discussing a potential offer with investment bankers, Reuters sources...
China overtakes Japan in car exports
The People's Republic of China in the first half of this year became the world's largest supplier of new cars to the world market....
Liberty Steel prepares Hungarian steel mill Dunaferr to switch to green technology
Just over a month ago, Liberty Steel won the tender to acquire Dunaferr...
China's car production continues to fall
Approximately 2.39 million vehicles were sold in China in July this year, down 1.4% from the same period last year, according to data from the China...
Low global aluminum stocks should help prices recover quickly
Global aluminum inventories in the warehouses of manufacturers are about 50 days against the background of the fact that Russian metal, which is...
European steel market to be opened for imports - Salzgitter
Last year, the European Commission extended protective measures in the steel market in the form of import quotas for one year from June 2023, but now...
China iron ore imports up 6.9% in first seven months of 2023
Since the beginning of the year, China has imported a total of 669 million tons of iron ore, up 6.9% year-on-year....
Ukraine reduced the export of steel semi-finished products by 76%
The main export of Ukrainian steel in January - July 2023 was carried out to Bulgaria (33.71% of supplies in monetary terms), Poland (31.62%) and...
Liberty Steel plans to stop the last operating blast furnace at the Hungarian plant
In June, the plant suspended the work of the main rolling mills due to lack of raw materials for steel production...
China's steel sector invests US$100 billion in coal-fired power plants
Steel companies have received permits to build massive amounts of coal capacity despite government pledges to cut carbon emissions...
Emirates Steel ends talks to buy stake in thyssenkrupp
ESA refused to acquire a stake in thyssenkrupp's metallurgical production...
The European Commission approved the financing of the ThyssenKrupp project "tkH2Steel" for 2 billion euros
This is an important step for industrial climate protection in Europe, with annual savings of up to 3.5 million tons of CO2 eventually. Commissioning...
Russia's withdrawal from the "grain deal" should lead to the unblocking of Ukrainian steel exports by sea - Metinvest
Metinvest estimates Ukraine's revenue in the event of a complete unblocking of ports at $20 billion a year....
The risk of loss-making assets is growing due to too slow decarbonization of steel production
The transition from coal-based steel production is too slow, according to the US-based NGO Global Energy Monitor (GEM)...
Toyota will create a lunar rover powered by regenerative fuel cells
Toyota has teamed up with the Japan Aerospace Exploration Agency to develop a manned lunar rover for NASA...
Iran raises export duties on raw materials and semi-finished products
Producers welcomed the new decree, which will significantly affect the export of raw materials...
Tesla launches Cybertruck stainless steel pickup two years behind schedule
Nearly four years after Elon Musk first unveiled Tesla's debut pickup truck, the automaker built its first Cybertruck in a stainless steel body...
JSW Steel is considering buying a stake in Teck's coal division
The Indian steelmaker is in talks with banks about possible funding for the acquisition, which could be in the region of $2 billion....
