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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...

US steel mills raised minimum prices for cold-rolled steel

Less than a month after the September price increase in the United States, the minimum prices for cold-rolled steel are again being revised - now at...

Ten Toyota Japan lines suspended due to explosion at Chuo Spring plant

The automaker cannot say when production will resume...

European steel producers are trying to make money from British Steel's problems

ArcelorMittal yesterday announced a price hike of £30 a tonne based on higher costs after British Steel told customers it was demanding £20 a tonne...

Mongolia plans to export 60 million tons of coal in 2024

Most of Mongolia's coal production comes from the Tavan Tolgoi coal deposit, which is one of the largest coal deposits in the world....

EU-US steel and aluminum talks: $10 billion deadlock

Failure of the parties to reach an agreement by October 31 will mean that $10 billion in export tariffs between the EU and the US will automatically...

Worldsteel appoints Nucor's Leon Topalian as Chairman of the Board

Crude steel production in the 63 countries tracked by worldsteel rose 0.2% year-on-year to 1.26 billion tonnes in January-August....

NLMK Belgium proposes to suspend sanctions against Russian slabs

NLMK Belgium Holdings asks the EC to extend for four year, exemption from EU sanctions on Russian slabs in exchange for “green” investments...

JSW Steel and ArcelorMittal target mines and steel business in eastern India

The price of a profitable business remains the subject of negotiations, but the negotiations themselves indicate the interest of major players in...

Dneprovagonmash shipped the first modular cars within the framework of the project with the Austrian TransANT

Ukraine is capable of producing railway cars with almost 100% localization. Ukrainian ore is used to smelt steel and rolled sheets, which are then...

Natural gas prices in Europe exceeded €50/MWh for the first time since April

Due to military operations in Israel, the Tamar field, from which gas flowed to Egypt and had to be used, was closed for further LNG production and...

Skoda intends to return to the Kazakhstan market

Four models will be assembled locally in 2024...

Thyssenkrupp Aerospace and Boeing have extended their long-term partnership

Thyssenkrupp Aerospace and The Boeing Company have signed a new contract, continuing a partnership that has existed since 1998. Under the agreement,...

EU approves Liberty Steel's purchase of Hungarian Dunaferr plant

In June, Liberty won the auction to acquire insolvent Hungarian steelmaker Dunaferr...

Posco invests in magnet production plant

Production is aimed at meeting the needs of Hyundai Motor Group in the USA, General Motors, Ford and Stellantis....

The Russian automobile market grew by 120% in September

Chinese manufacturers are filling the gap in the Russian market left by the departure of Western brands...

Nippon Steel closes Kure plant

Nippon Steel said it was forced to cut production capacity as its customers, including automakers, moved production overseas....

The Belarusian Steel Plant plans to significantly increase steel production

BMZ expects to increase steel production in 2023 by 15% to 2.3 million tons....

For the first time in history, workers from three automobile corporations went on strike in the United States.

Ford, GM and Stellantis are facing unprecedented union attacks. Steelmakers are being forced to cut production, and US Steel has had to shut down the...

New EU sanctions against Russia affect British manufacturers

EU sanctions against Russia could have a significant impact to British processing plants...

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