The European vehicle market grew last year in all countries of the bloc with the exception of Hungary....
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Coal production in China is breaking records, and its imports have increased by 60%
The Chinese economy is in no hurry to abandon coal, setting new records in its production and consumption....
Czech steelmaker Liberty Ostrava's restart postponed
The timing of the restart of the plant of the Czech steel producer Liberty Steel Ostrava is still unclear, since the issue of debts has not been...
Global stainless steel production increased by 2.5%
The World Stainless Steel Association released data for the first nine months of 2023 showing stainless steel production rose 2.5% year over year to...
Ukrhydroenergo is preparing lawsuits against the Russian Federation for the destruction of the Kakhovka hydroelectric power station
Ukrhydroenergo is the largest hydro-generating company in Ukraine. The destruction of the Kakhovka Dam caused nearly $14 billion in damages to...
Vestas plans to build a second offshore energy plant in Poland
The new wind turbine blade factory is planned to be located on a site in the northern part of Szczecin, which Vestas acquired in February 2023....
ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne
The move comes as contract negotiations continue with automakers and the wider supply chain, with most factories trying to secure contract extensions...
Five main market trends in the steel market in 2024 according to European analysts
European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....
The German company Wuppermann and the Turkish company Galva Metal have terminated their partnership
Collaboration that lasted more than 10 years has been terminated...
Tata Steel sales in India hit record high
Sales in India grew 3% for the year and 1.2% for the quarter. Domestic sales increased 10% for the year and 3% for the quarter. Indian operations...
ArcelorMittal refuses to buy Polish electricity supplier
ArcelorMittal is currently involved in separate legal matters with Liberty as it seeks payment of a €140 million arbitration award related to...
Nippon Steel and Posco now own Teck's minority stake in the steel coal business
Teck divests from coal after deal closes and notes decline in copper production in Chile...
Turkish conglomerate buys Spanish pipe manufacturer
The Turkish company has increased its global pipe production capacity to more than 3 million tons per year...
Thyssenkrupp Materials sells Spanish division of Arania
Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Munguia...
Biden extends EU tariff exemption on steel and aluminum for 2 years
The Biden administration wants to continue negotiations on measures to address excess capacity and low-carbon production....
The EU confirmed the extension of the quota for Russian slabs until 2028
They included restrictions on the import of certain ferroalloys and cast iron....
The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures
European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...
Nippon Steel agrees to buy US Steel for almost $15 billion
After the deal was announced, US Steel shares rose, while Nippon shares fell...
The launch of blast furnaces in the Czech Ostrava is in jeopardy due to disputes with the energy supplier
Tameh Czech is the sole energy supplier to the Ostrava smelter, so its shutdown means Liberty will not be able to restart its blast furnaces or...
China sets a new record for car production and sales
Car sales in China grew by 27.4% in November 2023...
BHP may stop coal production in Australia at the end of December due to strike
Security operators are threatening to strike at Australian miner BHP's Queensland coal mines, while train drivers at Western Australia's iron ore...
The largest metallurgical company in Europe left the Kazakh business
The mining and metallurgical holding of British businessman Lakshmi Mittal sold its assets in Temirtau to the government of Kazakhstan for a billion...
International Aluminum Institute launches climate initiative
As part of this initiative, IAI will track and report on its member companies' "ambitions and progress in reducing greenhouse gas...
Ukraine's foreign exchange earnings from the export of metal products decreased by 44%
In November, earnings from the export of ferrous metals amounted to $174.380 million, while in the previous month – $175.8671 million....
Losses of the Ukrainian company Interpipe due to the blockade of the Polish-Ukrainian border exceeded $1.2 million
In addition to the already calculated direct losses, Victor Pinchuk’s pipe company expects large claims from its European consumers and the...
Metinvest named the conditions for increasing foreign exchange earnings from the export of metal products
Safe maritime transportation, financing for small and medium-sized steel consumers, simplification of customs procedures and expansion of the range...
Russian LNG exports to Europe hit a historical high in November
In total, in November, Russia exported more than 2.9 million tons or 4 billion cubic meters of liquefied natural gas to the EU countries....
The Czech Republic has joined a coalition calling for a phase-out of coal-fired generation by 2030.
PPCA is a global coalition of governments and local actors that calls on all its members to commit to phasing out coal by 2030....
Experts warn of rising geopolitical risks to critical minerals supply chains
Policymakers and private companies must work to diversify and create more sustainable global supply chains, noted at the Resource Tomorrow conference...
European prices for long rolled steel continue to rise despite the start of winter
The reason for the increase was limited supply from manufacturers due to a series of planned service stops....
