The US Department of Energy says it has a comprehensive strategy to increase domestic feedstock production and manufacturing capacity, which will...
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German unions demand higher wages for steelworkers due to soaring inflation
Employers and unions in Germany are arguing over the need to increase wages as soaring energy prices drive up production costs and consumers suffer...
Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices
The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a...
Salzgitter invests 700 million euros in mild steel production
As a result of a record investment, the German company will reduce CO2 emissions by 95%, which corresponds to 1% of all carbon dioxide emissions in...
Evraz decided to get rid of its assets in the US and Canada
In order to sell American assets, Evraz, whose majority stake is owned by billionaires Roman Abramovich, Alexander Abramov and Alexander Frolov, will...
S&P and Fitch consider Ukraine's agreement to defer payments on public debt as a default
S&P downgraded Ukraine's national currency rating from B-/B to CCC+/C, Fitch retained the corresponding rating at CCC-....
Demand for electric vehicles in Ukraine shows "crazy" growth - Ukrautoprom
Since the beginning of 2022, almost 5.9 thousand cars have replenished the Ukrainian fleet of cars powered by battery power sources, which is 34%...
Director General of Ukrhydroenergo initiated the construction of new bomb shelters at the Dnieper HPP
We are analyzing the situation, preparing for any scenarios, the main task is to keep the system, an emergency reserve, - said Igor Sirota....
Voestalpine invests 100 million euros in the reconstruction of the hot-dip galvanizing lines in Linz
The metallurgical company plans to expand the range of high-strength galvanized steels by increasing the size of the strip and reducing the thickness...
India prepares to lift export duties on steel
Industry experts are urging the Indian government to remove the levy as soon as possible as it increases uncertainty in the export market. They argue...
Russian metallurgists will need more than 10 years to replace imports of key equipment
Russian metallurgists are critically dependent on foreign key equipment (even rolls for rolling mills) and, due to Western sanctions, will be forced...
China reduced steel exports in July by one million tons or 12%
In seven months of 2022, China exported 40.073 million tons of steel, which is 6.9% less than in the same period last year....
World steel prices have moved from a protracted fall to growth
Steel prices slightly up on maintenance shutdowns and China trade data....
Ferrexpo's net profit in the first half of the year decreased by 88%
According to Lucio Genovese, non-executive chairman of Ferrexpo, the financial results announced today reflect "an unprecedented period in the...
Ukrainian gas transportation system allowed to pump biomethane
Gases produced from landfill waste could replace approximately 20% of today's global gas consumption, the International Energy Agency has calculated....
The strategy for the development of Russian metallurgy will be "quickly approved" in the Kremlin - Dmitry Peskov
The strategy will be designed not only to overcome current difficulties and support Russian metallurgists, but also to set guidelines for the...
India launches carbon trading market
India plans to launch a carbon credit market for energy, steel and cement. The official announcement may take place on August 15, Independence Day....
Kazakh authorities introduce temporary ban on coal exports
The ban is introduced for six months during the peak period (from August 1) to eliminate the hype for providing coal to the population and energy...
Glencore cut copper production and increased nickel production
A Swiss trading company, one of the world's largest suppliers of commodities and rare earths, has reported a significant drop in copper, gold and...
Fitch Ratings downgrades Ukrzaliznytsia's credit rating amid downgrading of Ukraine's sovereign rating
Ukrzaliznytsia said that the company continues to fulfill its financial obligations, and in early July, regular coupon income payments were made to...
ArcelorMittal expects real steel demand in Europe to be 'at least stable'
Europe's steel demand may even pick up once the seasonal market lull ends, Genuino Cristino, chief financial officer of the EU's largest steel...
Brazil has increased steel exports to Europe by eight times against the backdrop of the war in Ukraine
Brazilian steel exports to Europe in the first half of the year grew by 710% to almost a million tons due to anti-Russian sanctions imposed by the...
ArcelorMittal's profit beat expectations
However, the manufacturer notes the risks associated with spiral inflation, the war in Ukraine and China's restrictions due to COVID-19....
The world's first contract for the supply of a 1 GW hydrogen electrolytic cell was signed
U.S. hydrogen fuel producer Plug Power has signed a contract with H2 Energy Europe to supply vehicles for a subsidized project in Denmark....
A converter was repaired at Polymetal Production without shutting down production
The overhaul of the converter is carried out every four years. It is preceded by a lot of preparatory work....
Australian iron ore producers wary of China's plans
China's plans to centralize iron ore purchases could hurt the profits of global mining giants such as Australia's Rio Tinto and BHP Group....
Canadian scientists have proposed to "collect" CO2 from the atmosphere using railways. wagons
Direct air capture technology using special rail cars removes carbon dioxide from the air and compresses it for sequestration or disposal....
India's JISPL extends blast furnace maintenance indefinitely
Indian metallurgists may have decided to cut steel production after domestic demand weakened and the government imposed export duties on the export...
Tesla sells off most of its bitcoin holdings
At the end of last year, the head of the American manufacturer of electric cars, Elon Musk, stated that his company was not going to sell bitcoins....
