Russian metallurgists have been seriously affected by the sanctions, reducing their presence in the European market. The draft strategy for the...
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Samsung warns of a 32% drop in profits due to falling demand for chips
Samsung's earnings fell as global prices for memory chips fell due to weakening demand for consumer electronics. Firms that buy memory chips,...
European Council bans imports of Russian semi-finished steel under new package of sanctions
Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...
British Steel owner asks government for financial support
Jingye Group, which bought the company out of bankruptcy just two years ago, said blast furnaces are not viable without huge cash injections...
The price of gold crossed the mark of 1700 dollars
Weak US data led to a significant change in sentiment in the markets of precious metals...
Tata Steel merger plan to secure long-term profits
Indian company TSL announces merger with six subsidiaries and one associate using a share swap instead of cash...
US hydrogen prices to drop to zero dollars per kg in 5 to 6 years: Platts
U.S. green hydrogen production costs will fall below $0/kg by the end of the decade, driven by the Biden administration's subsidies and soft...
The production of passenger cars in Russia decreased by 2.8 times in eight months
Most of the global automakers operating in Russia in the spring suspended deliveries of cars and components to the country, and also paused their...
Donetsk and Torez electrotechnical plants will start producing electrical substations from Chuvash parts
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Ukrainian coking plants reduced gross coke production by 55.2%
Currently, Yuzhkoks, Kametstal (former DKHZ), DMZ (Dneprokoks), Zaporizhkoks and coke production at ArcelorMittal Kryvyi Rih operate in the industry,...
China ramps up investment in transport to bolster economy
Since the beginning of this year, China has been actively expanding and upgrading its transport network to promote investment and stable economic...
The heads of mining companies named the main risks for business
Covid-19, the war in Ukraine and rising energy prices have escalated the situation in the industry to the limit...
EBRD downgrades Ukrainian economic growth forecast for 2023 from 25% to 8%
The downgrade is a sign of how much uncertainty going forward is affecting Ukraine's economic outlook, the bank adds....
EU plans additional sanctions against Russian metallurgy
The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...
The European Commission has approved 5.2 billion euros of state support for another massive hydrogen project
The hydrogen value chain in Europe is in its infancy. This makes it risky for companies and Member States to independently invest in such an...
China's leading industrial profits fall 2.1% in first 8 months
During the reporting period, only 16 out of 41 industrial sectors in China saw an increase in profits in annual terms....
Moody's changed the outlook for the global mining industry to "negative"
Mining profits and prices will be higher than in pre-pandemic years, but below the record high seen in early 2022, analysts say....
Russia may increase taxation of oil, gas, coal and fertilizers
The Ministry of Finance of Russia included in the draft budget for 2023-2025. proposals to increase the tax burden on producers of gas, oil, coal and...
UK steel production hits record low this year
UK steel production will be at a record low this year, the lowest since World War II, and it is hard to say if there will be a recovery in 2023, an...
Ukrainian court invalidated sale of Ferrexpo Plc shares in 2002
Former shareholders filed claims to invalidate the purchase of shares...
EU Commission not doing enough to save aluminum industry - associations
European industry associations called on EU energy ministers to take further action during the next council meeting on September 30, saying that...
Steel market in Europe expects big production cuts due to weak demand
European steel market participants gathered for the regional meeting of the European steel distributors association Eurometal in Milan were...
Ford warns investors to cut car deliveries due to parts shortages
Problems in supply chains disrupted as a result of covid restrictions continue to affect global manufacturers whose production clearly cannot keep up...
The price of lithium resumes insane growth after Elon Musk's remarks
The ubiquitous raw material needed for electric vehicle batteries...
Minister of Energy of Kazakhstan visited ArcelorMittal Temirtau
As part of a working visit to the Karaganda region, the Minister of Energy of the Republic of Kazakhstan Bolat Akchulakov visited CHPP-2 of the...
The destruction of the dam of the Kyiv hydroelectric complex will not be a disaster - Ukrhydroenergo
Ukrhydroenergo stated that the hydraulic structures of the Kyiv HPP are in good condition, the dam failure is unlikely, and possible damage due to...
Steelmakers are exploring the use of hydrogen for energy-intensive processes
Steelmakers are looking to reduce the use of highly polluted coking coal as an ingredient in making steel from iron ore and switch to cleaner energy...
The August market for new cars in the EU showed a positive trend
Demand for new passenger cars grew in all key European markets....
The US will prioritize budgetary purchases of steel and metal products with a low carbon footprint
New actions under the federal Buy Clean initiative were announced by Secretary of Transportation Pete Buttigieg, US General Services Administration...
