China Export and Credit Insurance Corporation (Sinosure) will support Liberty Dunaújváros' transition to low-emission technology at a cost of...
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Machinery orders in Germany fell by 12%
According to the industry association VDMA, orders for German engineering companies in the first half of 2024 decreased by 12%...
US Steel Kosice will shut down one blast furnace in August
Slovak steelmaker US Steel Kosice (USSK) plans to shut down one blast furnace (BF) in August for scheduled maintenance, a company spokesman told...
Porsche downgrades revenue forecast due to aluminum supply problems
The automaker will lose about two billion euros in revenue due to heavy rains in Germany and flooding of the production plant of an important...
Global steel production in June 2024 increased by half a percent to 161 million tons.
Steel production in 71 countries reporting data to the World Steel Association (Worldsteel) increased by 0.5% in June 2024 compared to the same...
POSCO reduced steel production while increasing operating profit
South Korean steelmaker Posco reported lower crude steel production and sales in the second quarter due to a blast furnace refurbishment in Pohang,...
Thermal coal exports from Russia to South Korea are ahead of supplies from Colombia
In July, Russian thermal coal exports to South Korea exceeded supplies from Colombia for the first time in two months, as high transport costs and...
Contract prices for steel fell in the Czech Republic
Flat-rolled steel producers in Central Europe were forced to make price concessions during recent contract negotiations with Czech buyers for the...
Severstal is testing the capabilities of robotic dogs in production
The possibility of using a robot dog for delivering samples and monitoring the environment was explored at CherMK’s coke-sintering blast furnace...
The Ukrainian rolled metal market grew by 7.7%
For six months of 2024 in Ukraine, the capacity of the domestic market amounted to 1 million 736.4 thousand tons of rolled metal, of which 592.4...
EUROFER calls von der Leyen's re-election as head of the European Commission a time for pragmatic implementation of the Clean Industrial Agreement
Just as the European Coal and Steel Community brought peace and made the European dream a reality more than 70 years ago, today the implementation of...
Fitch confirmed Metinvest's speculative credit rating
The recovery analysis assumes that Metinvest would be considered a going concern in the event of bankruptcy and that in such case it would be...
US integrated steelmaker Cleveland-Cliffs to acquire Canadian integrated steelmaker Stelco
In its press release, Cliffs stated that the acquisition of Stelco will double Cliffs' presence in the flat-rolled spot market...
The dynamics of steel trade between the US and Mexico will not change in the near future: SDI
SDI does not expect changes in trade dynamics in the near term, despite strong prospects for long-term steel demand from Mexico, according to...
Steel demand in China's manufacturing industry rebounds to record levels
In the first half of the year, additional capacities for the production of metal structures in China will come into operation...
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...
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...
