According to the IEA, in order to stimulate energy efficiency, it is recommended to expand existing programs and strengthen measures to support the...
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POSCO resumes production at typhoon-affected steel plant in Pohang
To minimize the impact of the typhoon on its business, POSCO increased production at its steel plant in Gwangyang, 423 kilometers southwest of Seoul,...
Apple decided to raise the price of the iPhone 15 Ultra by replacing stainless steel with titanium
The marketing ploy will explain to iPhone buyers why they will have to overpay at least $ 200....
Ukraine has prepared a package of sanctions against the financial and banking sector of Russia and Belarus
In addition to applying sectoral sanctions to the financial sector of the Russian Federation and the Republic of Belarus, the National Security and...
Ukraine reduced foreign exchange earnings from the export of ferrous metals by 65%
In November, ferrous metal export revenues amounted to $205.647 million compared to $189.836 million in October....
American steel producers raised prices for rolled metal
Producers in the US increased prices for rolled metal products in the traditionally low winter season for steel markets. The market expects further...
Rolls-Royce workers receive record 17.6% pay raise
Unity said the agreement was the largest lump sum deal in the history of the Goodwood plant. “This is a first-class wage deal for Rolls-Royce...
Metinvest says loopholes in European sanctions allow Russia to continue steel supplies
According to the CEO of a Dutch mining and metallurgical holding, a loophole that gives many Russian producers a two-year delay in importing Russian...
Demand for new passenger cars continues to grow rapidly in the EU
However, the European automotive market is still seriously behind the pre-pandemic levels of November 2019....
ArcelorMittal Kryvyi Rih will receive $100 million from the European Bank for Reconstruction and Development
The provision of working capital within the framework of the sustainability concept of Ukraine will allow, among other things, to continue the...
China publishes guidance on expanding domestic demand
Efforts will be made to comprehensively stimulate consumption and accelerate the improvement of its quality, optimize the investment structure and...
China centralizes iron ore purchases
Beijing expects that the state-owned China Mineral Resources Group will gradually increase its share in purchases, and eventually the country's...
ArcelorMittal steel plant in Poland refuses to restart blast furnace due to lack of orders
ArcelorMittal Poland shut down Blast Furnace No. 3 in early September amid a slowdown in economic activity in Europe, lower demand, higher levels of...
Metallurgical plant of Metinvest in the Dnepropetrovsk region resumed the production of pig iron
The Kametstal plant of the Metinvest group resumed work on iron smelting after a temporary cessation of production as a result of shelling of the...
The global automotive industry increased the production of new cars by 7%
At the same time, compared to the pre-pandemic 2019, the lag in production levels is 10%....
Europe introduces border tax on carbon emissions
After late-night negotiations, the European Union approved a political deal early on Tuesday to impose a carbon tariff on imports of polluting goods...
U.S. tariffs on steel and aluminum imports violate international trade rules - WTO
The World Trade Organization Commission has determined that US tariffs on steel and aluminum are inconsistent with international trade obligations...
ArcelorMittal launches flagship carbon capture and recycling project in Belgium
The Ghent projects are an important part of ArcelorMittal's 2030 climate change roadmap, which aims to reduce the carbon intensity of its steel...
The South Korean government "ordered" the striking truckers to return to work at steel plants
A second strike in less than six months has hampered the supply of goods from cars to fuel, costing the country 3.5 trillion won (about $2.66...
India expands RoDTEP export incentive scheme to steel and iron
The inclusion of iron and steel products in the RoDTEP scheme follows India's removal of export duties on steel products last month....
Volkswagen Anhui's first pre-production NEV rolled off the assembly line
Volkswagen Anhui is expected to create 2,300 jobs in Hefei by the end of this year and employ more than 3,500 employees....
Chinese steel exports up 28.2% - customs data
In November, Chinese steel shipments abroad rose by almost eight percent compared to October due to an unexpected decline in domestic demand for...
UK approves construction of new coal mine for the first time in 30 years
For the first time in decades, London has given official permission to put into commercial operation a new coal mine that will supply coking coal to...
Analysts predict 5% annual growth in the iron casting market through 2030
The global market for iron and steel castings will increase to 2.5 trillion US dollars by 2030 with an annual growth of 5.5% - Spherical Insights...
Oman to build a new steel plant worth $3 billion in 3 years
The construction of the new steel plant is expected to be completed by 2026, after which it will produce five million metric tons of green steel per...
Tesla's Shanghai gigafactory set a new record for electric vehicle shipments in November
In November 2022, deliveries from Tesla's Shanghai plant amounted to 100,291 electric vehicles, a record figure, data from the China Passenger Car...
Sanjeev Gupta may lose control of his steel plants in Belgium
The two Belgian steel mills, which together employ about 650 people, are operated by GFG's steel division, Liberty Steel Group. GFG acquired the...
Steel demand and weather in Australia will affect coking coal prices
Exports of Australian hard coking coal in January-September this year amounted to 79 million tons, which is 6% less than a year earlier. Exports of...
Australian mineral exploration spending reaches record high
Non-ferrous metals exploration spending is trending upward, double its level two years ago and more than four times its 2016 level....
