The problem of transporting high-quality iron ore from the world's largest undeveloped project, Simandu, hinders its development...
News
Norwegian startup to build €4bn green steel plant
A manufacturing facility in Finland will have a clean hydrogen production plant powered primarily by wind power. The steel producer will directly or...
The US continued to reduce steel imports in December year-on-year
According to the US Department of Commerce, 1.98 million tons of steel import permits were issued in December 2022, down 24% from December 2021....
S&P: Russia will continue to dominate the steel export market in the Black Sea region
Russian steel exporters, still active on the Black Sea spot market, are cutting production, increasing domestic sales, or trying to export more to...
Analysts confident of significant growth in global demand for galvanized steel
The global galvanized steel market is expected to grow by 86.6 million tonnes in 2022-2027, growing at a CAGR of 4.11% over the forecast period....
Tata Steel: Great Britain will need more than 10 million tons of steel to gain energy independence
The UK will need more than 10 million tons of steel in the coming years to become self-sufficient in terms of electricity generation, according to a...
The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore
Enterprises engaged in the extraction of metal ores, coal and a number of other solid minerals will be able to import equipment and raw materials...
The converter shop of the steel plant in Kamensky, Dnepropetrovsk region, resumed work
On Wednesday, December 28, Kametstal resumed operation of converter No. 2 and continuous casting machine No. 3. The units of the oxygen-compressor...
Ferrexpo commented on the arrest of its director in Courchevel
The mining company Ferrexpo plc, with major assets in Ukraine, said that it was aware of the detention in France of its non-executive director and...
Dnipro Metallurgical Plant confirmed the right to supply rolled metal products to Europe
Dneprovsk Metallurgical Plant exports rolled metal products to more than 40 countries around the world. DMZ has a quality management system in...
Misif Appeals Government Agencies Over Electricity Surcharge Decision
The steel industry is in dire need of competitive energy costs...
European Lithium receives first offer from BMW
BMW will make a $15 million down payment, which will be repaid in equal offsets with the supply of lithium hydroxide to the automaker...
Prices for hot-rolled coil in the US are rising despite the lack of demand before the holidays
U.S. hot rolled coil (HRC) spot prices rose this week as mills continued to raise prices even as the market slowed down ahead of the Christmas...
Coal production in Shanxi province increased by 8.9% in January-November 2022
Northern China's Shanxi Province, the country's largest coal-producing region, saw a steady increase in coal production in the first 11...
Australian billionaire reveals green steel plans
Andrew Forrest, CEO of Fortescue, aims to become a major producer of clean energy...
Uzbekistan began supplying copper to Europe bypassing Russia
Uzbekistan sent a train with copper to Europe for the first time via Turkmenistan, Azerbaijan and Georgia...
Nissan Switches to Low-CO₂ Japanese Steel and Green Aluminum
Kobenable steel, claimed by Japanese manufacturer Kobe Steel to significantly reduce CO2 emissions from the blast furnace process, will be used in...
Intel postpones construction of plant in Germany due to sharply increased geopolitical risks
The American corporation had to revise its planned investments in Germany for a number of reasons, including rising energy prices....
China's luxury car sales rise sharply
Despite the negative impact of the COVID-19 epidemic, the luxury car market has remained highly resilient....
IEA predicts EU natural gas shortage of 30 billion cubic meters
According to the IEA, in order to stimulate energy efficiency, it is recommended to expand existing programs and strengthen measures to support the...
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....