Dramatically rising energy prices, growing demand and the lack of alternative offers on the market after the departure of Russian companies led to a...
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China steel inventories hit 13-month high amid COVID-19 outbreak
Finished steel inventories in steel mills and CISA-monitored spot markets rose 3% since April 10 and up 8.4% year-on-year to a 13-month high of 33.01...
Kharkiv Turboatom delivered $750,000 worth of spare parts to Kazakh power plants in April
Supplies of spare parts for turbogenerators from Kharkov were carried out to the Aksu thermal power plant and Ekibastuz GRES-1....
Metinvest does not abandon plans to produce "green" steel in Mariupol - CEO
Mariupol metallurgical plants can be restored and restarted by launching new technologies for smelting iron and steel, which were planned to be...
Elon Musk sells $8.5 billion worth of Tesla shares
Tesla shares plummeted earlier this week amid speculation that Musk would sell part of his stake in the automaker to fund a deal....
Nikopol Ferroalloy Plant increased output by 15.5%, Zaporozhye Plant - reduced by 13.2%
Ukrainian ferroalloy plants in Nikopol and Zaporozhye have changed their focus in production....
China to introduce temporary zero rate of import customs duties on coal
From May 1, 2022 to March 31, 2023, a temporary zero rate of import customs duties will be in effect for coking coal for the metallurgical industry....
Ukraine and the EU have stepped up preparations for the"industrial visa-free"
Kyiv and Brussels also agreed to make every effort to expedite further assessment missions using flexible online and offline approaches....
The production of passenger cars in Russia in March collapsed by 72%
After the start of the military operation on the territory of Ukraine, a number of automakers operating in the Russian Federation suspended...
World Bank: Commodity prices to remain at historic highs through 2024
A World Bank Group spokesman said the war in Ukraine has dealt a severe blow to commodity markets, changing global patterns of trade, production and...
Europe throws Ukraine an economic lifeline in the form of zero import duties
The European Commission initiated the cancellation for a period of one year of any import duties on all products originating from Ukraine, which are...
Austrian voestalpine explores hydrogen plasma for green steel production
Hydrogen plasma is used to simultaneously reduce iron ore and melt it into liquid steel in a special DC electric arc furnace....
Slowdown in global auto sector affects steel prices
The ongoing shortage of microchips and quarantine measures are slowing down the automotive sector, which is one of the key consumers of metal...
Ministry of Energy of Ukraine presented developments on the development of hydrogen energy to European partners
Currently, the working group of the Ministry of Energy under the leadership of Deputy Minister Yulia Podkomorna is completing the development of the...
Kazakhstan banned the export of scrap metal from the country after May 6, 2022
The restriction on the export of metallurgical raw materials was established by order of the Minister of Industry and Infrastructure Development of...
Denmark to replace gas heating in homes to reduce dependence on Russia
According to the government's plan, households that have individual gas heating will receive a letter before the end of this year outlining...
Boeing launches first 767-300 BCF cargo aircraft production line in China
Chinese Boeing has already ordered more than 100 airlines around the world. Soon it is planned to launch a second line to increase production....
Motorcycles "Ural" will be made in Kazakhstan
Due to sanctions, an acute shortage of components began at Ural Motorcycles....
Russia and India are negotiating the resumption of supplies of coking coal
After Australia almost tripled the price of coking coal for Indian consumers, taking advantage of anti-Russian sanctions, Indian metallurgists...
Steel prices in Europe are declining
Steel prices in Europe fall on the back of declining iron ore prices in Asia and more affordable supply in the east of the EU....
China will continue to reduce metallurgical capacity while maintaining the growth of steel production
China's steel industry will reduce excess production while maintaining stable growth, senior officials in Beijing have promised....
TMK is preparing to expand the range of pipe products
The pipe metallurgical company intends to supply pipes for projects in the field of hydrogen energy and offer solutions for such fuels as...
Zaporizhstal today operates at 40-50% of its capacity - CEO
Recall that Zaporizhstal launched a sinter plant first, and then inflated two blast furnaces. After that, a full cycle was launched - the open-hearth...
Exchange prices for iron ore and steel fall sharply due to events in China
Prospects in the near future look unreliable with expectations of more disease detection and the impact on economic conditions may be longer lasting....
Coal production in China rose by 14.8% in March
In March, China imported 16.42 million tons of coal, which is 39.9% less than in the same period last year....
India is one of two countries where steel production increased in January-March - steel minister
India produced 31.9 million tons of steel in the first quarter of 2022 with a 5.9% increase in steel production....
Confrontation with Russia forced the UK to unfreeze the largest coal project
In the UK, they plan to open the first coal mine in 30 years against the backdrop of a reduction in energy supplies from Russia. A mine project in...
An explosion of unknown origin occurred at a metallurgical plant in the Orenburg region of the Russian Federation
In the city of Novotroitsk, the walls of a building covering an area of 700 square meters were damaged as a result of an explosion at the...
