The US metallurgy lobby appreciated the “chip law” adopted by the House of Representatives

The US metallurgy lobby appreciated the “chip law” adopted by the House of Representatives

The U.S. Competition Act in America provides $52 billion in funding for domestic microchip production, but it is interesting to metallurgists as...

Ukraine to resume Russian transit by rail to Poland from February 10

Ukraine to resume Russian transit by rail to Poland from February 10

Stopped at the end of January, the transit of Russian cargo via Ukrainian railways to the Republic of Poland will be resumed on February 10,...

Positive credit rating of Ukraine lasted less than six months

Positive credit rating of Ukraine lasted less than six months

Last August, Fitch Ratings upgraded the outlook for Ukraine's long-term issuer default rating in foreign currency from stable to positive,...

Tesla has patented headlights that automatically adjust to any country in the world

Tesla has patented headlights that automatically adjust to any country in the world

The American automaker Tesla was the first to patent a car light that can be adjusted to the requirements of any country in the world. This invention...

Metinvest to spend about $30 billion on steel production decarbonization

Metinvest to spend about $30 billion on steel production decarbonization

The company will stop steel production in blast furnaces and iron sintering by 2050, which will reduce carbon dioxide emissions by 90% to less than...

French government backs €1.7bn decarbonization plan for ArcelorMittal

French government backs €1.7bn decarbonization plan for ArcelorMittal

The European Union's largest steelmaker will accelerate decarbonisation in France with a €1.7 billion investment program backed by the French...

China launches world's largest 3.6 GW hydroelectric power plant

China launches world's largest 3.6 GW hydroelectric power plant

The project started in 2013 and includes 12 reversible pump-turbine generators. Each unit has a total capacity of 300 MW. The new pumped storage...

Ukraine launches freight car fleet renewal program

Ukraine launches freight car fleet renewal program

At the beginning of this week, the order of the Ministry of Infrastructure of Ukraine "On Approval of the Procedure for Conducting a Complex of...

Copper price declines as dollar strengthens

Copper price declines as dollar strengthens

The US dollar broke a three-day decline as investors sought safe haven, putting pressure on gold and metals...

Gazprom and CNPC signed a contract for the supply of Russian pipeline gas to China via the "Far East" route

Gazprom and CNPC signed a contract for the supply of Russian pipeline gas to China via the "Far East" route

Soyuz Vostok will pass through the territory of Mongolia, will become a continuation of the Russian Power of Siberia-2 gas pipeline and will allow...

British Parliament to develop plan to decarbonize the steel industry

British Parliament to develop plan to decarbonize the steel industry

The House of Commons Environmental Audit Committee has initiated a study on Green Steel amid growing calls for the sector to reduce emissions....

Zuckerberg's fortune decreased by the annual equivalent of Estonian GDP in a day

Zuckerberg's fortune decreased by the annual equivalent of Estonian GDP in a day

Mark Zuckerberg lost $29 billion on Thursday after Meta Platforms Inc shares posted a record one-day drop....

The head of the European Commission called the condition for the launch of Nord Stream 2

The head of the European Commission called the condition for the launch of Nord Stream 2

Commissioning of the Nord Stream 2 gas pipeline will depend on Russia's actions in connection with the crisis around Ukraine...

Ukrainian metallurgists will be able to increase exports to Turkey by 411 thousand tons

Ukrainian metallurgists will be able to increase exports to Turkey by 411 thousand tons

The free trade agreement with Turkey opens up new opportunities for Ukrainian business, according to the Cabinet of Ministers of Ukraine. According...

The authorities of Rotterdam agreed to dismantle the historic bridge for the passage of the yacht of Jeff Bezos

The authorities of Rotterdam agreed to dismantle the historic bridge for the passage of the yacht of Jeff Bezos

Rotterdam has agreed to temporarily dismantle part of its historic Koningshaven Bridge so that Jeff Bezos' 417-foot three-masted yacht can...

Yuzhny port carried out a special reconstruction for unloading wind turbine towers

Yuzhny port carried out a special reconstruction for unloading wind turbine towers

Despite the difficult weather conditions, the reconstruction work was carried out in two shifts and on weekends....

Belarus introduces a ban on rail transit for a number of goods from Lithuania

Belarus introduces a ban on rail transit for a number of goods from Lithuania

On the territory of the Republic of Belarus, about 1.5-1.6 million tons of such goods are transported in the amount of more than 1 billion US dollars...

Ukrainian ferroalloy producers warn of negative consequences of agreement with Turkey

Ukrainian ferroalloy producers warn of negative consequences of agreement with Turkey

The association of producers of ferroalloys and other electrometallurgical products is not sure whether the signing of the Free Trade Agreement with...

Metinvest denies accusations of non-payment of UAH 18 billion in rent

Metinvest denies accusations of non-payment of UAH 18 billion in rent

Metinvest Group stated that it does not understand where allegations come from that there is some underpayment of taxes in the amount of UAH 18...

Volvo cut sales by 20% in January due to shortage of microchips

Volvo cut sales by 20% in January due to shortage of microchips

In Europe, sales fell by 24.8%, to 18,691 vehicles, in China - by 23.6%, to 14,629 units. The number of cars sold in the USA decreased by 12.8%, to...

The Polish company expressed its desire to participate in the development of Ukrainian non-ferrous metals

The Polish company expressed its desire to participate in the development of Ukrainian non-ferrous metals

The Polish transnational corporation KGHM, operating in the production of silver and copper, has declared its interest in the development of...

Steel prices expected to rise in Europe due to high costs - Platts

Steel prices expected to rise in Europe due to high costs - Platts

European steelmakers, distributors and traders expect further price increases in the near future, given a recovery in demand as construction projects...

China's car exports top 2 million units in 2021

China's car exports top 2 million units in 2021

In 2021, Chinese car exports doubled compared to 2020, when exports of passenger cars and commercial vehicles grew 2.1 times....

Ukraine in January increased steel production and reduced iron production

Ukraine in January increased steel production and reduced iron production

Steel production in Ukraine in January increased by 0.9%, the output of finished metal products - by 0.5%...

Ukraine reduced exports of ferrous metallurgy products by 12% in January

Ukraine reduced exports of ferrous metallurgy products by 12% in January

At the same time, foreign exchange earnings from the export of ferrous metals in the reporting period increased by 37.2%, exceeding one billion US...

Energomashspetsstal completed a contract for the production of rotor parts for General Electric

Energomashspetsstal completed a contract for the production of rotor parts for General Electric

Ukrainian and American companies signed an agreement for the supply of blanks in 2020. According to the agreement, in 2021 the Ukrainian plant was to...

Metinvest increased annual iron and steel production by 15%

Metinvest increased annual iron and steel production by 15%

In 2021, the production of pig iron, steel, finished metal products, iron ore concentrate and commercial semi-finished products increased at the...

Metinvest announced unprecedented unreasonable pressure on business

Metinvest announced unprecedented unreasonable pressure on business

The enterprises of the Metinvest group in Krivoy Rog came under close attention of law enforcement officers who are conducting investigations at the...

Interpipe got a new CEO

Interpipe got a new CEO

The Ukrainian industrial company of businessman Viktor Pinchuk has been headed by Franz Josef Marx since February 1, who replaced Fadi Khraibe, who...

Emergency financial assistance to Ukraine will be provided on "very favorable terms" - European Commission

Emergency financial assistance to Ukraine will be provided on "very favorable terms" - European Commission

The European Commission has also decided to significantly increase the bilateral assistance it provides to Ukraine in the form of grants in 2022....

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