The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...
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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...
Coal production in China increased by 11% in January-August
In the first eight months, metallurgical coke production in China amounted to 318.22 million tons, which is 1.1% less than in the same period last...
The European Commission plans to create a European hydrogen bank with a budget of 3 billion euros
In the REPowerEU plan, the European Commission has doubled its previous goal and now aims to produce 10 million tons of "green" hydrogen in...
China production cuts in winter will give limited boost to steel markets - Platts
The cuts to be implemented in the fourth quarter are unlikely to lead to large-scale cuts in steel production in China....
Financial giant Goldman Sachs begins massive layoffs
Goldman Sachs typically cuts between 1% and 5% of its underperforming employees each year, but cuts in 2022 are likely to be well above the right...
Saudi Arabia implements three $9 billion steel investment projects
The total production capacity of the new steel plants in Saudi Arabia will be 6.2 million tons of steel per year....
Turkey in January-July increased imports of pig iron by 46.7%, tripling purchases in Russia
Supplies of pig iron from Russia to Turkey increased by 198.1% over seven months, reaching 589 thousand tons....
Deere invests billions in self-driving tractors
The American company announced that it intends to enter the market of software for agricultural machinery to make its work more efficient....
Islamabad receives $1.5 billion investment proposal for PSMC privatization
Inflation and declining foreign exchange reserves have brought Pakistan to the brink of economic collapse. The country's debt has risen to an...
Battery output in China rose significantly in August
Battery battery sales in China also doubled compared to August 2021 to 666,600 units, setting a new record....
Stopped Zaporizhzhya NPP will not resume operation until the shelling stops
Zaporozhye nuclear power plant has been completely shut down, while the needs of the plant are provided by the repaired external line....
Ukraine may resume coal exports to Poland
We are talking about 100 thousand tons of Ukrainian coal with delivery in September, which are now critically needed by Poland to overcome the energy...
IREPAS: The global long products market is in a "dramatic situation"
Manufacturers around the world suffer from limited market access and high levels of competition, especially from Russia, which is extremely flexible...
Naftogaz launches new arbitration against Gazprom
According to the chairman of the board of Naftogaz, the current long-term contract was concluded on the terms of "pump or pay". At the same...
