Russia will not be able to make up for losses in the steel sector in the foreseeable future by redirecting exports from Europe to Asia due to...
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Severstal has taken the first step towards delisting on Western exchanges
Alexey Mordashov's Metallurgical Company requested data from the depository of the DR program on the necessary actions on its part for delisting....
Austria stops importing and refining Russian oil – OMV
In early March, OMV stopped investing in Russia, but until today it has not announced that it will stop purchasing raw materials from the country....
ArcelorMittal reported on the progress of negotiations with the protesting metallurgists in Kazakhstan
Employees of JSC ArcelorMittal Tubular Products Aktau, a loss-making pipe plant, demand a 100% increase in wages....
Russia will update the strategy of interaction with the WTO, taking into account the "illegal restrictions" for metallurgists
According to President Putin, Western countries have used illegal restrictions against Russian metallurgists: not only bans on the supply of finished...
China approves futures and derivatives law
A special law is needed to tighten control over the Chinese derivatives market, which is the largest in the world in terms of scale....
Tesla posts record first-quarter revenue
The American automaker's quarterly revenue rose 81% to a record $18.8 billion....
The rise in steel prices in the European market has stopped
Europe's rapid rise in steel prices at the beginning of the year stimulated panic buying. This madness subsided as soon as consumers satisfied their...
World alumina production reaches a record 138 million tons
IndexBox has published a new report: "The World - Alumina - Market Analysis, Forecast, Size, Trends and Conclusions". Here is a summary of...
Up to 30% of infrastructure destroyed in Ukraine - minister
It will take at least two years and $100 billion to restore the entire destroyed infrastructure of Ukraine....
Russia has not yet found alternative buyers of coal - its exports fell by 9%
In early April, the EU imposed a ban on the import of coal from Russia as part of another package of sanctions. The Russian authorities talked about...
NLMK plans to continue trading depositary receipts on the London Stock Exchange
Federal Law No. 114-FZ, published on April 16, obliges Russian issuers whose shares are traded in the form of depositary receipts on foreign...
Westinghouse provided humanitarian aid to Ukrainian nuclear power plants
Energoatom indicated that this equipment will strengthen Energoatom's emergency preparedness and response systems, as well as the protection of...
Tesla resumes electric car production in Shanghai
The production of cars at Tesla's Shanghai plant was suspended on March 28 due to a new outbreak of COVID-19....
Only four Russian plants continue to produce cars
The timing of the normalization of the situation with the supply of components is unclear, the market is in the process of recovery....
Blast furnaces of Zaporizhstal produced the first batches of pig iron after reopening
In the entire history of the metallurgical plant in Zaporozhye, it was stopped and started up only once - after the Second World War. Typically,...
Stellantis suspends car production in Russia
Stellantis plant in Kaluga produces Peugeot 408 and Citroen C4 passenger cars, Peugeot, Opel and Citroen light commercial vehicles, as well as...
Quarterly gold production in Kazakhstan increased by 19%
In monetary terms, for the first quarter of 2022, Kazakh refineries produced precious and non-ferrous metals worth 1.512 billion tenge (about $3.3...
Demand for ferrous metals in Russia grew by almost 40% in the first quarter
Domestic demand for steel and metal products in the Russian market continued to grow in March, despite the imposition of Western sanctions....
The World Bank lowered its forecast for global GDP growth by a percentage point due to the war in Ukraine
The biggest component of the decline in the growth forecast was a 4.1% decline in the Europe and Central Asia region, including Ukraine, Russia and...
BMW will save tens of thousands of jobs in the transition to the production of electric cars
BMW will retrain employees around the world to work with electric models of electric vehicles....
The Government of Ukraine has extended for six months reduced electricity tariffs for the population
The preferential tariff for electricity for the population (UAH 1.44 and 1.68 per kWh, depending on consumption) began to operate from October 1,...
China's industrial production up 6.5% in the first quarter of 2022
In the first three months of this year, China's gross domestic product grew by 4.8% year on year....
Metallurgists of Magnitogorsk replaced the scarce Ukrainian rolls with imports
The new machine Kuettner (Germany), put into operation at the Magnitogorsk plant of rolling rolls, will produce scarce equipment with a diameter of...
Belarusian Metallurgical Plant increased exports of steel products in the first quarter
Two electric steel-smelting shops operating at BMZ have increased their production potential to 3 million tons of steel per year due to the...
Elon Musk's SpaceX launches American spy satellite today
A private US space company launched a US military intelligence satellite using the same booster that launched on another mission in February....
Chinese auto industry sets new record for production and sales of commercial vehicles
Sales and production of new commercial vehicles in China rose sharply in March 2022, up 68.1% and 55.2% respectively....
Chile could lose its crown as the world's largest copper producer
Copper production in Chile fell to its lowest level in 11 years in January....
Heat pumps will become an effective weapon in the energy war between the EU and Russia - Time
The European Union intends to double the production and installation of heat pumps in order to convert as much heating as possible from gas to...
The Minister of Economy of Japan announced state support for companies that buy gas outside of Russia
Japan is focusing on expanding additional LNG supplies to reduce dependence on Russian natural gas....
