The EU steel market is facing serious challenges that are expected to have a negative impact on apparent steel consumption. After the decline in the...
News
India will continue to cut taxes on electric vehicles and clean energy
The Indian government plans to cut tax rates on electric vehicles from 12 percent to 5 percent....
Scrap of ferrous metals updated the maximum price in the Chinese market
China's ferrous metal prices surged to new highs this year as high EAF utilization rates and new import restrictions came into effect on July...
ArcelorMittal Kryvyi Rih denies SBU statements on exceeding the maximum radiation level
According to the press service of the Ukrainian division of the largest metallurgical company in the world, the search report indicates that 4.4 μSv...
China raises import duties on stainless steels
Beijing is planning to introduce anti-dumping duties on certain types of stainless steel from the EU, Japan, South Korea and Indonesia....
Tata Steel plans to increase steel production to 30 million tons by 2025
The largest private metallurgical company in India is striving for complete independence from the supply of iron ore and is actively modernizing its...
Director of a steel plant arrested in Tangshan for smelting pig iron
The director of the Tangyin Steel Works in Tangshan, Hebei Province, was arrested for failing to comply with the government's emission...
Coal deposits can be a source of rare earths
Traditional rare earth ore deposits are rapidly depleting and are projected to last only 15–20 years....
Volkswagen: plan to develop electric vehicles in India is tempting, but not yet viable
Currently in India, electric vehicles are provided with charging on average for 70-80 kilometers....
China's June Steel Prices Fall Despite Rising Demand
Steel prices in China continued to decline in June and new lows are expected, according to industry association data....
Brazil To Continue Investigation Of Vale Dam Disaster Until Early 2020
Brazilian Mines Minister Alexandre Vidigal de Oliveira said Friday that the sector regulator will continue to investigate the Vale dam failure,...
Tata Steel will attract $ 600 million loan
The largest private steel company in India, after the failure to merge European enterprises with Thyssenkrupp, directs almost all of its profits to...
Samsung SDI and Volvo to jointly develop batteries for electric vehicles
The partnership with Samsung SDI will accelerate the development of Volvo's electric truck, bus and boat range, Volvo said....
US Steel announces massive cuts in Slovakia
2,500 workers of the largest metallurgical plant in Slovakia, US Steel Kosice, which is the main supplier of rolled metal for Volkswagen, PSA...
Is the German auto industry preparing for a collapse?
The crisis in the global automotive industry begins to expand to Europe, the manufacturers of which will declare a deterioration in prospects and...
MMC Norilsk Nickel shares renewed their all-time high
Papers of the leading Russian mining company at the Moscow Exchange on Friday broke through the psychological level of 15,000 rubles per share,...
Falling Auto Demand in India Affects the Steel Industry
The Indian auto industry is increasingly plunging into a crisis, many manufacturers are suspending the production of new cars, and dealers are...
Indonesia Announces Start of Electric Vehicle Production in 2022
Indonesia plans to start producing electric vehicles (EVs) in 2022, according to a senior Industry Ministry official, after a number of companies...
Ferrochromium prices fall as global stainless steel production declines
Ferrochromium prices in all regions have fallen to their lowest in the past two years due to falling demand amid a decline in stainless steel...
Indian Buyers Against Additional Import Duties
India currently has an import duty of 10 percent on long products and 12 percent on flat products....
Hebei Iron and Steel will build a plant in the Russian Far East
Chinese investors have chosen the site for the construction of a new metallurgical plant in the Primorsky Territory of the Russian Federation....
Czech CEZ provides funding for European Metals lithium project
Demand for lithium, an important component in batteries, will grow as the electric vehicle market in Europe picks up steam....
Nickel prices skyrocket
Shanghai nickel prices are close to year-on-year highs amid low inventories and problems with availability and imports....
Liberty Steel cuts steel production in the Czech Republic by 20 percent
The British company Liberty Steel, having bought a steel complex in Ostrava, Czech Republic, from ArcelorMittal a couple of weeks ago, announced a...
ArcelorMittal Temirtau refused to cooperate with Gazpromneft due to sanctions
The Kazakh division of ArcelorMittal fears that the contract with Gazpromneft creates reputational risks for its CEO Paramzhit Kalona, who also...
Magnitogorsk Iron and Steel Works predicts high demand for metal products in the Russian Federation
In the second quarter of 2019, the demand for metal products in the Russian market remained at a high level, which was associated with the start of...
Antofagasta and Barrick win $ 6 billion legal battle with Pakistan
The World Bank Tribunal awarded nearly $ 6 billion to Tethyan Copper (TCC), a joint venture between Antofagasta and Barrick Gold Pakistan, thus...
China to check closed steel mills
Officials in Beijing suspect that some of the metallurgical enterprises that have been liquidated continue to manufacture products and pollute the...
Agreement on duty-free delivery of Ukrainian pipes to the USA canceled
The United States canceled the Duty Suspension Agreement on US imports of oil and gas pipes originating from Ukraine and introduced a tariff of 7.47...
Trump will force officials to buy American steel
95 percent of the steel and pig iron used for US government projects will be provided by US firms...
