Spending cuts become necessary as Russia conducts a special military operation in Ukraine...
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Sanjeev Gupta's Belgian factories may shut down amid disputes with unions
The restructuring of Liberty Steel's steel plants in Belgium was blocked by a local commercial court decision at the request of unions and minority...
Oil prices rise as speculators weigh the prospect of an EU ban on Russian oil
The EU has imposed several rounds of sanctions on Russia, but has so far excluded Russian oil from the sanctions list, given the high level of...
Elon Musk is not sure his Twitter takeover bid will succeed
The head of the American automobile company Tesla, Elon Musk, admitted that he was "not sure" that his proposal to take over the social...
More than a hundred merchant ships cannot leave the territorial waters of Ukraine
The heads of the International Labor Organization (ILO) and the International Maritime Organization (IMO) have called for urgent action to protect...
The US Department of Commerce has compiled a "black list" of 32 Belarusian and Russian airliners
U.S. officials from the Bureau of Industry and Security of the U.S. Department of Commerce have identified the first Belarusian and several Russian...
Moody's believes that Russia may be in a state of default as early as May 4
Russia may default after trying to service its dollar bonds in rubles due to Western sanctions over the war in Ukraine, Moody's reported....
Kirov plant OCM produced an experimental batch of products
The entire trial batch of copper transformer tape with a rolled (rounded) edge was sent to the consumer....
India intends to significantly increase the consumption of stainless steel
India is the world's second-largest crude steel producer with a January-November 2021 production of 104.91 million tonnes. The consumption of...
The Federation Council of the Russian Federation was shocked by the lack of production of nails in the country
The Russian Federation was unable to carry out import substitution of steel nails and continues to purchase them in Ukraine....
About 100 Russian metal traders agreed to limit the markup on metal products to 12%
The Ministry of Industry and Trade of Russia has published a list of accredited distributors, trading houses and metal service companies that will...
Zaporizhstal resumed supplies of medical oxygen to hospitals
The Zaporizhstal plant of the Metinvest Group of Rinat Akhmetov and Vadim Novinsky resumed the production and shipment of medical oxygen to Ukrainian...
Russia continues to purchase over 40% of oil and gas equipment abroad
The system of financing the full cycle of development of oil and gas engineering products created in the Russian Federation allowed Russian companies...
Russia may be left without lithium raw materials - deliveries from Chile and Argentina have been stopped
Russia, which does not have industrial lithium production, may be left without raw materials for the production of batteries if the last source of...
The Ukrainian metallurgical lobby has suspended membership in the World Steel Association
The association of Ukrainian metallurgical and mining enterprises will not take part in any Worldsteel body while Russian associations and companies...
Nordgold fails to pay coupon on USD Eurobonds
The Company emphasizes that it has all the necessary financial resources to make payments on Eurobonds and will continue to interact with the trustee...
Ukraine plans to break the record of nuclear generation in the next heating season
In the last heating season 2021-2022, the maximum nuclear generation in Ukraine was more than 300 million kWh per day....
Japan's Honda to invest $40 billion in electric cars
Honda is the first Japanese automaker to pledge to phase out gasoline-powered vehicles and plans to launch 30 new electric vehicles by 2030....
Biden signs bill to suspend customary trading status with Russia
Along with the suspension of trade status, Biden also signed a separate law to ban energy imports from Russia....
The war in Ukraine is seriously changing the rules of the game in the global long products market: IREPAS
Regional markets for steel, and in particular for long products, are becoming increasingly closed, contributing to serious price imbalances in...
Moscow to produce 3D printers from Russian components
The Moscow company will launch its own production of 3D printers. They will consist of the maximum number of components produced in Russia. The...
The World Bank expects Ukraine's GDP to fall by 45.1% in 2022 and poverty to increase by 11 times
WB experts expect a current account deficit of the balance of payments of Ukraine in the amount of 6.8% of GDP this year and its expansion to 16.8%...
Quotes of scrap and rebar on the London Metal Exchange fell sharply
Scrap prices are falling amid a decrease in buyer activity in non-European markets....
Interpipe resumes steel production in Dnipro, Nikopol and Novomoskovsk
First of all, the facilities for finishing operations will be launched to finalize semi-finished pipes, railway wheels and wheel sets. The main part...
Metallurgical production in Pridnestrovie completely stopped
The Moldavian Metallurgical Plant, located in Rybnitsa, employs 2,400 people, and up to 100,000 more residents of Transnistria depend on the life of...
Nucor selects North Carolina for new rebar micro-factory
The rebar that Nucor will produce at the new plant is mainly used to reinforce concrete in the construction of roads, buildings, bridges and other...
World food prices soar to record high amid Russian-Ukrainian conflict
Global food prices rebounded significantly in March to their highest levels as the Russia-Ukraine conflict continues to push up energy prices and...
