Once the new energy projects come online, Jammu and Kashmir's demand for electricity will be greatly improved and the surplus energy will be exported....
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Chinese Steel Sector Turned Into Profit and Ready for New Growth
Steel mill profitability, which was negative in July, is back in positive territory as S&P Global Commodity Insights reported Chinese steel...
EU steel consumption hits third recession in four years: Eurofer
Steel demand in the EU is projected to decline by 1.7% in fiscal year 2022. In 2023, production will accelerate only moderately, by 2.2%, due to the...
AvtoVAZ returned to a full working week amid growing demand for new LADA
The car assembly complex in Tolyatti will work 6 days a week with a sliding day off. These measures are necessary to meet the demand for new LADA...
Profit growth in Chinese automotive industry hits 80% in July
The profit growth in the automotive sector was made possible by the recovery of production and supply chains, as well as Beijing's policies to...
Ministry of Commerce: China will take necessary measures to protect the legitimate rights and interests of Chinese firms and institutions
China strongly opposes the actions of the United States, and calls on the United States to immediately stop their misguided practices....
Danieli announced the massive transition of Chinese metallurgists to electric arc furnaces
Chinese steelmakers have ordered eight new EAF units from Danieli. They all chose the original horizontal continuous scrap loading system, which...
Hungary allowed Russia to build two nuclear power units
The Hungarian Atomic Energy Administration issued a permit to the state corporation Rosatom to build the 5th and 6th power units of the Paks nuclear...
EUROFER: EU steel exports down 14% in first half
According to the EUROFER report, in the first half of this year, flat products exports accounted for 68 percent of finished product exports, while...
Europe's losses due to the abandonment of Russian coal turn into a significant gain for Asia and Turkey
S&P Global Commodities at Sea's semi-annual data analysis shows that as Russian coal is offered at a discount compared to Australian and South...
Gas supply problems paralyze steel market in Europe – MEPS
Uncertainty is growing on the steel market in Europe. However, Polish and Czech producers are likely to be hesitant to make further price concessions...
AVTOVAZ began equipping LADA Granta with airbags
The Russian automobile company called it a victory for the AVTOVAZ team and the company's partners in the face of a shortage of electronic components...
Major mining company BHP is optimistic about China's economy
The world's second-largest economy will be a source of stability in the coming year and "maybe something much more" if real estate activity...
Export earnings of Ukraine from trade in semi-finished steel decreased by 60%
In physical terms, Ukrainian exports of semi-finished products from carbon steel decreased by 64% compared to the same period last year - to 1.5...
Rolls-Royce to introduce innovative hydrogen engines for locomotives
Rolls-Royce is developing a range of hydrogen-powered engines and fuel cells to be used as a reliable power source in ships and heavy off-road...
The National Bank of Ukraine proposed to recognize the residence of the Russian Federation as a sign of a faulty business reputation
The regulator proposed to prohibit citizens of Russia or companies registered in the Russian Federation from using the right to vote on their shares...
Car sales in Turkey fell by 6.7% in January-July
In the first seven months of this year, Turkey's car exports totaled 526,601 units, up 2.7%, while passenger car exports fell 7.7% to 298,333 units...
The management company "Kuzbassrazrezugol" started testing a domestic drilling rig of a new generation
The planned productivity of the machine is 25 kilometers of drilled wells per month. In the future, the control system of the machine will allow...
Electric vehicle manufacturers switch from aluminum to steel for bodywork
Electric vehicle manufacturers are choosing steel over aluminum as the metal of choice for car bodies, said a top executive at the largest U.S....
British Airways to cancel 10,000 flights due to lack of staff at Heathrow Airport
British airports and airlines, which have been cutting jobs in the midst of coronavirus lockdowns, have struggled to recruit enough new staff....
POSCO Expands Collaboration with Global Iron Ore Supplier Vale on Mild Steel Raw Materials
The South Korean steel giant is strengthening cooperative relationships with global raw material suppliers to strengthen its global competitiveness...
Droughts affect Europe's hydropower market, exacerbating energy crisis
The world's record high temperatures are significantly reducing the efficiency of hydroelectric power plants and raising questions about adapting...
Rosneft transfers refineries to its own catalysts
Rosneft refineries are gradually switching to using the company's own catalysts instead of imported ones. This week, Rosneft announced the...
ArcelorMittal Temirtau signed a Memorandum to ensure industrial safety
The management of ArcelorMittal Temirtau and the Ministry of Emergency Situations of the Republic of Kazakhstan signed a Memorandum on mutual...
British metallurgists raise steel prices again due to rising energy prices
Despite the market's downward trend in steel prices, British Steel has once again raised prices for some rolled products as rising energy costs push...
Elon Musk's Shanghai factory produces first million Tesla electric vehicles
In the first half of this year, the Tesla gigafactory in Shanghai produced almost 300,000 electric vehicles with a 95% localization share of the...
Ukrainian lithium will get into the batteries of BMW electric vehicles
An Austrian company planning to mine lithium in Ukrainian deposits has signed a memorandum with the German automobile concern BMW for the supply of...
