BYD's $60 billion loss points to a deepening crisis in China's electric car market

BYD's $60 billion loss points to a deepening crisis in China's electric car market

The sharp drop in BYD shares indicates a deepening concern among investors about the profitability of China's electric vehicle sector, as...

CBAM will have a strong impact on the European rolled steel market

CBAM will have a strong impact on the European rolled steel market

The adjustment of carbon boundaries will have a particular impact on the prices and availability of thick-rolled products...

European HRC market is stable as CBAM supports sentiment; demand disappoints

European HRC market is stable as CBAM supports sentiment; demand disappoints

European prices for hot-rolled coils (HRC) remained virtually unchanged on Tuesday, February 3, lagging behind rolling mill prices...

India-U.</p><p>S. deal to boost steel demand in the refining industry

India-U.</p><p>S. deal to boost steel demand in the refining industry

The trade deal between India and the United States, announced on February 2, has improved sentiment in India's industrial sector...

Sulzle acquires a company for bending stainless steel fittings

Sulzle acquires a company for bending stainless steel fittings

Sulzle Stahlpartner has announced the acquisition of another regional manufacturer and distributor...

Volkswagen and Stellantis CEOs call for the creation of a "strong and sustainable" European automotive industry

Volkswagen and Stellantis CEOs call for the creation of a "strong and sustainable" European automotive industry

The joint tribune of Volkswagen and Stellantis looks less like an industry appeal than as a strategic warning to European Union politicians...

new truck market in January

new truck market in January

Over the past month, 946 cars were sold on the Ukrainian market of new commercial vehicles (trucks and specials), Ukravtoprom reports. In the...

The European Parliament wants to ban Russian steel

The European Parliament wants to ban Russian steel

The European Parliament's attempt to add a ban on Russian steel to the new EU protective measures will complicate the situation with...

The EU market is showing growing stability, but limited momentum

The EU market is showing growing stability, but limited momentum

European distributors are expecting clearer signals of recovery, but they see that the deterioration of the situation is pausing...

ArcelorMittal: margins are stable, but under pressure

ArcelorMittal: margins are stable, but under pressure

Despite the decline in Ebitda in 2025, ArcelorMittal demonstrated a sharp increase in net profit and defended its position...

The price of copper has plummeted

The price of copper has plummeted

Copper is falling rapidly. Investors focused on rising stocks and declining interest from Chinese buyers. Bloomberg writes that the price decrease...

DM Technologies has launched a mill machining and grinding line in Ulyanovsk

DM Technologies has launched a mill machining and grinding line in Ulyanovsk

DM Technologies has launched a steel machining and grinding line in Ulyanovsk....

British and Japanese companies will produce ecological pellets from Australian ore

British and Japanese companies will produce ecological pellets from Australian ore

The British company Binding Solutions has signed an agreement with a division of the Japanese trading house Mitsui & Co to process iron ore from...

UMB Steel orders technology to revive production in Ocelo-Rocha

UMB Steel orders technology to revive production in Ocelo-Rocha

UMB Steel, a Romanian company, has signed a contract with SMS for the supply of a 700-unit continuous-action mill (CMT)...

A European company is growing and investing in Europe

A European company is growing and investing in Europe

At a time when large parts of the European steel value chain are under increasing pressure, the European...

Spanish government confirms Auto+ plan: more subsidies for European electric vehicles of up to 35,000 euros

Spanish government confirms Auto+ plan: more subsidies for European electric vehicles of up to 35,000 euros

The Spanish Ministry of Industry has described in detail the rules for granting subsidies under the new Auto+ plan (which is part of the Auto 2030...

MMK has mastered the production of thermally hardened welded reinforcement of increased strength

MMK has mastered the production of thermally hardened welded reinforcement of increased strength

MMK has mastered the production of thermally hardened welded reinforcement of increased strength...

Leningrad Region asks to protect Rusal plant with import duties

Leningrad Region asks to protect Rusal plant with import duties

Leningrad Region asks to protect Rusal plant with import duties...

Italy seeks to extend CBAM to processed products more quickly

Italy seeks to extend CBAM to processed products more quickly

Italy calls for a more rapid expansion of the scope of the carbon boundary regulation mechanism...

Samara Metallurgical Plant to build new smelting and foundry complex

Samara Metallurgical Plant to build new smelting and foundry complex

Samara Metallurgical Plant to build new smelting and foundry complex...

Liberty Galati will put the mill up for auction in March: reports

Liberty Galati will put the mill up for auction in March: reports

Troubled Romanian steelmaker Liberty Galati will be looking for a strategic investor to acquire its steel mill...

Kloeckner Acquires Camalloy Stainless Steel Service Center in Pennsylvania

Kloeckner Acquires Camalloy Stainless Steel Service Center in Pennsylvania

Kloeckner Metals (KMC) has announced the acquisition of Camalloy, a stainless steel and aluminum manufacturer...

Switzerland seeks EU exemption from new steel tariffs

Switzerland seeks EU exemption from new steel tariffs

Switzerland has stepped up its diplomatic efforts in Brussels to secure an exemption from...

Updating of "green steel" projects: The dynamics is gaining momentum

Updating of "green steel" projects: The dynamics is gaining momentum

Recent months have been full of events in the environmentally friendly steel market. Along with the regulations...

Domestic HRC prices in Europe are rising as import pressures decrease

Domestic HRC prices in Europe are rising as import pressures decrease

Domestic prices for hot-rolled steel in Europe rose on Monday, February 2, as buyers agreed to a higher price...

Severstal's investment program for 2026 will amount to 147 billion rubles.

Severstal's investment program for 2026 will amount to 147 billion rubles.

Severstal's investment program for 2026 will amount to 147 billion rubles....

China is consolidating its control over a huge iron ore deposit in Guinea

China is consolidating its control over a huge iron ore deposit in Guinea

China's Baowu Resources, the world's largest steel producer, has strengthened its control over one of the world's largest undeveloped...

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