In the first half of the year, additional capacities for the production of metal structures in China will come into operation...
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Japanese Nippon Steel hired former US Secretary of State Pompeo to take over US Steel
Nippon Steel confirmed the move in a written statement, praising Pompeo's achievements. Pompeo said the US must expand its manufacturing base by...
The price of gold exceeded $2,470, setting a new all-time high
Gold set another all-time high amid rising expectations for a Federal Reserve rate cut and rising bets among some traders on a second presidency of...
Global stainless steel production increased by 5.5% - the USA became the growth leader
Global stainless steel production increased 5.5% year-on-year to 14.6 million tonnes in the first quarter of 2024....
Kazakhstan will increase the uranium mining tax to 18% from 2026
Kazakhstan plans to gradually increase the mineral extraction tax (MET) rate on uranium production from the current 6% to 9% in 2025 and to 18% in a...
Ukrainian pipe makers supplied drill pipes to Australia for the first time
Ukrainian industrial company, manufacturer of steel pipes and railway products INTERPIPE shipped pipe products to Australia for the first time....
Biden introduces requirement for steel smelting and casting in Mexico
This effectively imposes a 25% tariff on any steel shipped through Mexico...
Steel and rolled metal production has increased significantly in Ukraine
In the first half of this year, the production of general rolled products and steel production in Ukraine increased by a third....
China conducted test mining of polymetals from the seabed at a depth of four kilometers
China's heavy-duty deep-sea mining vehicle has completed sea trials at a depth of more than 4,000 meters, the Shanghai municipal government said on...
Data center construction boosts US steel consumption
Statistics from the U.S. Census Bureau highlight data center development as one of the few bright spots in the construction sector, weighed down by...
Tesla surprises with better than expected car sales
Wedbush Securities analyst Dan Ives believes the worst is behind Tesla, noting signs of improvement in China, where the government recently announced...
Chinese automaker will ask the European Commission to hold hearings on tariff measures against Chinese electric vehicles
The European Commission intruded on commercially sensitive information during its anti-subsidy investigations, including by requiring the company to...
Zaporizhstal increased production of finished rolled steel by one and a half times
From January to June 2024, 1,527.3 thousand tons of cast iron, 1,486.4 thousand tons of steel were produced, 1,233.5 thousand tons of rolled products...
Steel production in Ukraine has become unprofitable due to current electricity import regulations
Under the current standards for the import of electricity, the metallurgical industry of Ukraine is becoming unprofitable, Rinat Akhmetov said at...
Chinese Yahua Group received a new order from Tesla for the supply of lithium
Tesla and Chinese Yahua signed a three-year contract for the supply of lithium carbonate...
The Ukrainian rolled metal market decreased by another 3.6%
For five months of 2024, the capacity of the domestic market of Ukraine amounted to 1,360.9 thousand tons of rolled metal, of which 472.9 thousand...
Growth in European steel industry due to ECB rate cuts will take time - MEPS
MEPS analysts suggest the European Central Bank's first interest rate cut will do little to revive the region's ailing steel industry in the near...
Global steel exports up 6.4% in 2023
The most exported steel products in 2023 were hot-rolled sheets and coils, the largest exporting country in 2023 was China...
The price of steel sheets in Italy has reached the bottom
Prices for hot-rolled steel in Italy have reached the bottom of the current cycle as production costs continue to weigh on steel mill profits....
Russia and China announced cooperation in the field of mining and metallurgy
The Russian Steel Association and the Chinese Chamber of Commerce for the Import and Export of Metals, Minerals and Chemicals signed a Memorandum of...
Zaporizhstal of Metinvest Group inflates blast furnace No. 2 after major repairs
The main goal of repairing blast furnace No. 2 is to increase the reliability of equipment and the consistency of the production process at the blast...
The US rebar market remains oversupplied
Producers of rebar in the United States reduced prices in May, despite the fact that imported material is practically absent from the market....
Elon Musk said he is against introducing import duties on Chinese electric cars
According to the American billionaire, neither he nor his company has ever approached the US authorities with a request to impose duties on the...
The evolution of Chinese steel mills: from robots to peacocks
Robots manage everything, there is no lighting in the production area, peacocks and sika deer walk around the plant... This is the picture that...
Steel at the center of political debate in US election year
Political campaign aimed at protecting US steel producers...
China Metallurgical Association criticizes US tariff hike
“The non-market behavior of the United States has distorted the global steel trade order...,” CISA said....
The European Commission allowed Nippon Steel to acquire US Steel for $14.9 billion
The Japanese company has its factories in the UK, Sweden and Finland, while the American company has a branch in Slovakia....
Thyssenkrupp sells 20% of steel business to Czech billionaire
The parties are discussing the possibility of Krzhetinsky's company buying out another 30% in Thyssenkrupp's steel business, the press release says....
Ukrainian energy holding DTEK plans to develop LNG trade in Europe
The expansion of the company's activities in Europe will help strengthen Ukraine's ties to the wider energy market...
