India plans to launch a carbon credit market for energy, steel and cement. The official announcement may take place on August 15, Independence Day....
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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...
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...
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....
Chinese steel mills to suspend several production lines in August
S&P Global Commodity Insights survey of 18 large steel plants in different regions of the country showed the reasons reduction in steel output...
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....
Losses in the production program of NLMK since the beginning of the year exceeded 1 million tons of steel
According to the forecasts of the chairman of the board of directors of the largest metallurgical company in the Russian Federation, Russian...
Novokramatorsky Mashzavod announced the start of the procedure for the "compulsory alienation" of property
On July 19, 2022, the Verkhovna Rada of Ukraine adopted a resolution “on certain issues of expropriation of property under the legal regime of...
Taiwan is preparing to repel the invasion of Russian steel in Asia
China Steel Corp. stated that it is closely following the offers of hot-rolled products from Russia and is ready to take steps "against unfair...
Japan's Nippon Steel starts buying gas at record high prices
A Japanese steel company has purchased its most expensive natural gas shipment in history as the growing global energy crisis creates new risks of...
Steel prices in the EU continue to fall as the summer holidays begin
European steel prices continued to decline this month. However, the overall rate of decline has slowed, which may indicate that the bottom will soon...
Losses from steel production in China exceeded $100 per ton - S&P
According to S&P Global, the profit margin on sales of hot-rolled steel in the Chinese domestic market fell from minus $37 per ton to minus $102...
Electricity prices put Sweden before a choice between steel smelting and cryptocurrency mining
Sweden, which has the largest cryptocurrency mining sector in Europe, wants to make life difficult for virtual miners in favor of the real sector of...
China's shipbuilding industry continues to lead the global market
The Chinese shipbuilding industry accounted for 50.8% of all new orders globally in the first half of 2022....
China's industrial output up 3.4% in first half
The mining sector saw the fastest growth in output, up 9.5% year-on-year in the first half of the year....
Ukraine reduced the export of scrap metal by eight times
In January - June 2022, 28.74 thousand tons of scrap metal were exported from Ukraine....
The European Commission predicts historically high inflation in the euro area at 8.4%
Inflation is projected to peak at 8.4% yoy in the third quarter of 2022 in the euro area, before declining steadily to fall below 3% in the last...
Marcegaglia acquires Outokumpu Long Products
Marcegaglia will enter the steel industry after the deal with Outokumpu...
The launch of exchange trading in metals in the Russian Federation may take place before September 1
It is planned to start exchange trading at the St. Petersburg International Commodity and Raw Materials Exchange with building rolled metal: bars and...
Europe's largest pure hydrogen plant to be built in the Netherlands
Shell intends to decarbonize its oil production in the Netherlands by sending hydrogen to its plant in Rotterdam....
The US market may begin a collapse in prices for thick sheet
Too much price difference between hot rolled coil and steel plate cannot last for a long time. Analysts expect a sharp decline in steel sheet prices...
Steel production in China declines in July, but this does not affect the large supply surplus
As of July 10, stocks of finished steel at smelters controlled by the China Iron and Steel Association were up 28.4% year-on-year at 18.05 million...
