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China rejects EU accusations of exporting excess electric vehicle capacity

Following accusations of overcapacity in the steel market, China is facing accusations of overproduction of electric vehicles, which could lead to...

Liberty Steel blast furnaces in Europe continue to remain idle

Sanjeev Gupta's metallurgical company has stopped its smelting units in Romania and the Czech Republic and does not yet see the possibility of...

China's scrap steel supply will rise in the fourth quarter as consumption rises

Based on an expected scrap steel utilization rate of 30% in China's steel sector by 2025, the Metallurgical Mining Association of China (MMAC)...

Turkish steel distributor Ozkanlar enters electric vehicle sector

Sales of electric vehicles in Turkey have increased significantly recently, increasing by 890% compared to the same period last year...

Thyssenkrupp announced a $2.3 billion impairment of its steel division

Shares of the industrial conglomerate still rose 5% and reached the top of the Frankfurt mid-cap index...

China will become the world's largest car exporter in 2023

If in 2001 the volume of automobile exports from China in value terms was only 1.56 billion US dollars, then in the first eight months of this year...

Today Elon Musk will again try to launch the SpaceX Starship into Earth orbit

SpaceX Starship is preparing for a second test flight, seven months after it exploded during the last test launch of an interplanetary spacecraft....

Russia may extend restrictions on the export of ferrous metal scrap

According to the bill, exports within the allocated quotas for destinations outside the Eurasian Economic Union (EAEU) are subject to an export duty...

Iron ore in Asia is becoming more expensive and will continue to rise in price - S&P

Iron ore prices in Asia hit an 8-month high on the back of solid performance and strong buying, as well as the investment policy of the Chinese...

US and Indonesia announce comprehensive partnership

US President Joe Biden and his Indonesian counterpart Joko Widodo will cooperate in areas such as green energy, critical minerals and semiconductors...

Stages of cold calling

This concept refers to actions related to identifying the client’s needs and pushing him to purchase....

ArcelorMittal announced its entry into the additive manufacturing market

ArcelorMittal is building an industrial-scale atomizer in Spain to produce high-quality steel powders for various additive manufacturing technologies....

Alstom to cut more than 1,300 jobs at UK plant

The union says there is a real risk that the UK will lose an investor like Alstom or the rail industry altogether as a result of mass layoffs at some...

117 fighters and reconnaissance aircraft are being scrapped in Kazakhstan

According to the terms of the tender, fighter jets must be disposed of by cutting on the territory of the Republic of Kazakhstan....

Taiwan steel mills set carbon surcharge from 2024

Taiwan is set to introduce a carbon tax on January 1, 2024, but the country's environment ministry has yet to announce the exact tariff....

Value added in China's non-ferrous metals industry grew by 6.2% in January-September

Chinese metallurgists increased production of non-ferrous metals to 55.02 million tons, up 6.8% year-on-year....

German industrial production fell much more than analysts had forecast in September

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders weighed on output....

British Steel will shut down its blast furnace, putting up to 2,000 jobs at risk

British Steel plans to close its Scunthorpe blast furnace, putting up to 2,000 jobs at risk....

Ferroalloy plants in Ukraine stop production during the heating season

Zaporozhye and Nikopol ferroalloy plants, following a number of other industrial assets controlled by the Privat group, stopped their production for...

Porsche will use low-CO2 steel from H2 Green Steel

Meanwhile, Porsche says it is increasingly relying on aluminum for lightweight construction, but steel remains a key element...

Iron ore prices hit new highs this year amid rising demand in China

In addition to growing demand from the largest consumer, iron ore prices are rising on fears of strikes in the Australian mining sector....

Tata Steel may shut down UK hot strip mill

Union sources said the plan would cost 3,000 jobs...

Spanish steelmaker Acerinox's net profit halved due to weak steel market

Weaker demand in Europe this year due to economic uncertainty and higher interest rates has weighed on steel company earnings, which hit record...

The Chinese steel lobby intends to seek the reversal of new EU environmental initiatives

China steel association CISA says the EU carbon tax is a new trade barrier and calls for further negotiations....

Russia sharply increased stainless steel production

According to the report of the Federal State Statistics Service of the Russian Federation “On the socio-economic situation of Russia”, in September...

Toyota hits record production level in September

Production since the beginning of the year increased by 8.2% to 8.51 million units....

Europe's steel sector faces recession in 2024

War, an unresolved energy crisis, high inflation and tightening economic conditions have created uncertain prospects for the European steel...

China's overcapacity problem returns

For most of 2023, Chinese steelmakers increased steel production...

Liberty Steel suspends iron production in Europe

Unions are concerned about the situation and are calling on the company and government officials to meet to clarify its financial position and plans...

In the first 6 months of 2023, global stainless steel production decreased by 1.7%

According to a preliminary estimate by the World Stainless Association, during the first half of 2023, metallurgical enterprises around the world...

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