Biden signs bill to suspend customary trading status with Russia

Biden signs bill to suspend customary trading status with Russia

Along with the suspension of trade status, Biden also signed a separate law to ban energy imports from Russia....

The war in Ukraine is seriously changing the rules of the game in the global long products market: IREPAS

The war in Ukraine is seriously changing the rules of the game in the global long products market: IREPAS

Regional markets for steel, and in particular for long products, are becoming increasingly closed, contributing to serious price imbalances in...

Moscow to produce 3D printers from Russian components

Moscow to produce 3D printers from Russian components

The Moscow company will launch its own production of 3D printers. They will consist of the maximum number of components produced in Russia. The...

The World Bank expects Ukraine's GDP to fall by 45.1% in 2022 and poverty to increase by 11 times

The World Bank expects Ukraine's GDP to fall by 45.1% in 2022 and poverty to increase by 11 times

WB experts expect a current account deficit of the balance of payments of Ukraine in the amount of 6.8% of GDP this year and its expansion to 16.8%...

Quotes of scrap and rebar on the London Metal Exchange fell sharply

Quotes of scrap and rebar on the London Metal Exchange fell sharply

Scrap prices are falling amid a decrease in buyer activity in non-European markets....

Interpipe resumes steel production in Dnipro, Nikopol and Novomoskovsk

Interpipe resumes steel production in Dnipro, Nikopol and Novomoskovsk

First of all, the facilities for finishing operations will be launched to finalize semi-finished pipes, railway wheels and wheel sets. The main part...

Metallurgical production in Pridnestrovie completely stopped

Metallurgical production in Pridnestrovie completely stopped

The Moldavian Metallurgical Plant, located in Rybnitsa, employs 2,400 people, and up to 100,000 more residents of Transnistria depend on the life of...

Nucor selects North Carolina for new rebar micro-factory

Nucor selects North Carolina for new rebar micro-factory

The rebar that Nucor will produce at the new plant is mainly used to reinforce concrete in the construction of roads, buildings, bridges and other...

World food prices soar to record high amid Russian-Ukrainian conflict

World food prices soar to record high amid Russian-Ukrainian conflict

Global food prices rebounded significantly in March to their highest levels as the Russia-Ukraine conflict continues to push up energy prices and...

Since the beginning of April, the United States has completely stopped importing oil from Russia

Since the beginning of April, the United States has completely stopped importing oil from Russia

In early March, the administration of US President Joe Biden announced a ban on oil imports from Russia....

Samsung Electronics' first-quarter earnings beat market expectations on strong chip demand

Samsung Electronics' first-quarter earnings beat market expectations on strong chip demand

Stable demand for servers, an urgent order for memory chips increased the profits of the corporation. A failure at Kioxia's factory in early...

Zaporizhstal inflated the third and fourth blast furnace

Zaporizhstal inflated the third and fourth blast furnace

Rinat Akhmetov's metallurgical plant has begun partial withdrawal of capacities from the hot conservation mode....

The largest metallurgical enterprise in Ukraine is preparing to resume work

The largest metallurgical enterprise in Ukraine is preparing to resume work

ArcelorMittal Kryvyi Rih launches blast furnace No. 6, and then plans to resume the entire chain of rolled metal production....

Steel production in Ukraine in March fell by a third year-on-year

Steel production in Ukraine in March fell by a third year-on-year

In March 2022, only one metallurgical plant was fully operational in Ukraine - KAMETSTAL in the city of Dneprodzerzhinsk....

Severstal has lost a third of its sales and is forced to look for new customers - WSJ

Severstal has lost a third of its sales and is forced to look for new customers - WSJ

The EU's action against Severstal owner Alexei Mordashov has left its steel stuck in warehouses across Europe, with sales staff scrambling to...

Vedanta to expand steel production at ESL Steel Ltd to 3 million tonnes

Vedanta to expand steel production at ESL Steel Ltd to 3 million tonnes

The project also includes a new ductile iron pipe plant with a capacity of 180,000 tons....

Financial manager - a new demanded specialty

Financial manager - a new demanded specialty

A well-designed course will make it easy to memorize, and most importantly, understand the material received....

Dnipro Metallurgical Plant stopped steel production

Dnipro Metallurgical Plant stopped steel production

The metallurgical production of the DMZ is temporarily closed, most of the workers are on partially paid downtime....

Russian invasion of Ukraine could cut global economic growth by 1 percent

Russian invasion of Ukraine could cut global economic growth by 1 percent

Import-dependent countries will suffer much more as a result of the global economic downturn....

War returns to Europe - how will this affect steel demand?

War returns to Europe - how will this affect steel demand?

In the second part of this series, MEPS analysts analyzed the impact of the Russian-Ukrainian war on raw materials for steel production and the cost...

China to launch more freight trains to boost coal shipments

China to launch more freight trains to boost coal shipments

In addition, more heavy-haul trains will be put into operation to increase the country's ability to transport coal from north to south....

Coal has become the only fuel that can somehow mitigate the energy crisis in Europe

Coal has become the only fuel that can somehow mitigate the energy crisis in Europe

Increased coal consumption in the European Union would mean the ultimate failure of the Paris Summit's goals of slowing global warming to 1.5...

War returns to Europe. How will it affect the regional market of metallurgical raw materials?

War returns to Europe. How will it affect the regional market of metallurgical raw materials?

MEPS analysts assessed the consequences for the European raw materials market and energy costs from Russia's invasion of Ukraine....

Russia launches military communications satellite

Russia launches military communications satellite

This is the second launch by Russia in March 2022...

War returns to Europe. How will this affect steel supply?

War returns to Europe. How will this affect steel supply?

MEPS analysts analyzed the impact of the Russian-Ukrainian war on the steel market in Western Europe. The first part highlights the possible...

China has published a plan for the development of hydrogen energy for the period 2021-2035.

China has published a plan for the development of hydrogen energy for the period 2021-2035.

Until 2035, the share of renewable energy hydrogen in final energy consumption will increase significantly, which will play an important supporting...

Zaporizhstal is considering the possibility of partial launch of the cold rolling shop

Zaporizhstal is considering the possibility of partial launch of the cold rolling shop

The Zaporizhstal metallurgical plant of the Metinvest group of Rinat Akhmetov and Vadim Novinsky is working in hot conservation mode, continuing to...

ArcelorMittal completely refused to supply Russian raw materials to its European plants

ArcelorMittal completely refused to supply Russian raw materials to its European plants

ArcelorMittal's iron ore and coal portfolio has helped ease the company's exit from Russia, but other European steelmakers will have a...

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