The automaker is Japan's largest steel buyer and its steel purchase prices are the benchmark for contracts in industries ranging from...
News
China's Hainan Province to ban internal combustion engines by 2030
By 2025, state and municipal transport will be converted to new energy sources, and by 2030, all vehicles in the province....
Russia has updated the list of strategic minerals to include rare earth metals
The basic list of strategic mineral raw materials was approved by the Russian government back in 1996 and has not been updated since then....
US chip makers caught in crossfire of sanctions
Nvidia and AMD will lose millions of dollars in lost profits as a result of increased tensions between the United States and China and as a result of...
thyssenkrupp has successfully completed the sale of the company's mining business
The German industrial holding is consistently getting rid of its non-core assets, focusing on steel production and engineering solutions. The...
ArcelorMittal raises European steel prices on rising energy prices
The largest steel producer in the European Union was one of the last metallurgists to announce an expected increase in steel prices due to soaring...
The Baltic States plan to increase the capacity of offshore wind farms by seven times by 2030
The Baltic Sea countries, including Germany, Finland, Poland and Sweden, have agreed to build a 17 GW offshore wind farm (WPP). They want to increase...
H2 Green Steel has received 190 million euros for the construction of a hydrogen steel plant
The startup has secured funding to build a clean hydrogen steel plant in Boden in northern Sweden in its first round of offering, with H2 Green Steel...
Steel prices may move up on new data from China
China's NBS Manufacturing PMI improved to 49.4 from 49.2, in line with expectations. The end of the rainy season and support from Beijing could...
Export of scrap metal from Japan in January-July decreased by 25.4%
During this period, South Korea was the largest importer of Japanese scrap, importing 1.89 million tons, up 8.3% year on year....
Polish manufacturers of steel rebar raise prices due to high costs
Steel rebar spot market activity in Poland picked up last week and buyers expect prices to rise further in September due to unpredictable energy...
Ford will sharply increase car prices due to a doubling in the price of raw materials for batteries
The Ford Mustang Mach-E was so popular that the automaker had to close orders for the 2022 model back in April, citing an inability to meet further...
Australian steel companies hard hit by Chinese steel crisis
The problems faced by China's steel industry in the first half of the year are likely to persist until the end of the year, according to one of...
Turkey will five times increase the price for the passage through the Bosphorus
About 48,000 ships pass through this strait every year, it is also the main route for the export of Russian oil and metal products, as well as...
India is building a hydropower center with a capacity of 6,000 MW of electricity per year
Once the new energy projects come online, Jammu and Kashmir's demand for electricity will be greatly improved and the surplus energy will be...
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...
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...
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...
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...