With weak steel demand in 2023, the market share of imports in total consumption in Europe remained high....
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Rolled metal production at Zaporizhstal increased 2.6 times
The increase in production levels in January 2024 compared to the same period last year is due to the removal of blast furnace No. 2 from hot...
Victor Pinchuk's pipe plant warns of the negative impact of changes in tax policy in Ukraine
The activity of the enterprise may be negatively affected by instability of legislation, in particular changes in tax policy, deterioration of the...
A rocket street will appear in Beijing
To accelerate the development of the commercial aerospace industry, Beijing will continue to devote resources in aerospace science and technology to...
Tata Steel resumes operation of blast furnace No. 6 in the Netherlands
Tata Steel re-ignites the IJmuiden blast furnace...
Italy signed a memorandum of understanding with Metinvest to create an integrated industrial project in the municipality of Pembino
The Pembino steel complex is one of the main steel processing centers in Italy and Europe, and the Ministry of Business and the Made in Italy project...
Korea lifts import tariffs on some stainless steel rods
Duties on stainless steel rods from Japan, India and Spain were last extended on January 22, 2021 for the fourth time in three years at rates of...
Tata Steel will shut down its last two blast furnaces in the UK
Tata Steel will close two of its Port Talbot blast furnaces this year as part of a shift to greener EAF steel production that aims to "reverse...
Ukraine lost another 42% of export revenue from ferrous metals trade in 2023
Statistics of Ukrainian exports of ferrous metals continued to deteriorate in 2023 after falling by 67.5% in 2022....
Ukrainian exports of steel semi-finished products and billets continued to fall in 2023
Exports of steel billets and semi-finished steel products from Ukraine in 2023 decreased by another 36% after a fall of 72% in 2022....
More than 10.5 million new passenger cars were sold in the EU in 2023
The European vehicle market grew last year in all countries of the bloc with the exception of Hungary....
Coal production in China is breaking records, and its imports have increased by 60%
The Chinese economy is in no hurry to abandon coal, setting new records in its production and consumption....
Czech steelmaker Liberty Ostrava's restart postponed
The timing of the restart of the plant of the Czech steel producer Liberty Steel Ostrava is still unclear, since the issue of debts has not been...
Global stainless steel production increased by 2.5%
The World Stainless Steel Association released data for the first nine months of 2023 showing stainless steel production rose 2.5% year over year to...
Ukrhydroenergo is preparing lawsuits against the Russian Federation for the destruction of the Kakhovka hydroelectric power station
Ukrhydroenergo is the largest hydro-generating company in Ukraine. The destruction of the Kakhovka Dam caused nearly $14 billion in damages to...
Vestas plans to build a second offshore energy plant in Poland
The new wind turbine blade factory is planned to be located on a site in the northern part of Szczecin, which Vestas acquired in February 2023....
ArcelorMittal increases steel coil prices by 50 euros to 800 euros per tonne
The move comes as contract negotiations continue with automakers and the wider supply chain, with most factories trying to secure contract extensions...
Five main market trends in the steel market in 2024 according to European analysts
European engineering company MEPS International has identified five key trends that will be critical to steel prices and market direction in 2024....
The German company Wuppermann and the Turkish company Galva Metal have terminated their partnership
Collaboration that lasted more than 10 years has been terminated...
Tata Steel sales in India hit record high
Sales in India grew 3% for the year and 1.2% for the quarter. Domestic sales increased 10% for the year and 3% for the quarter. Indian operations...
ArcelorMittal refuses to buy Polish electricity supplier
ArcelorMittal is currently involved in separate legal matters with Liberty as it seeks payment of a €140 million arbitration award related to...
Nippon Steel and Posco now own Teck's minority stake in the steel coal business
Teck divests from coal after deal closes and notes decline in copper production in Chile...
Turkish conglomerate buys Spanish pipe manufacturer
The Turkish company has increased its global pipe production capacity to more than 3 million tons per year...
Thyssenkrupp Materials sells Spanish division of Arania
Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Munguia...
Biden extends EU tariff exemption on steel and aluminum for 2 years
The Biden administration wants to continue negotiations on measures to address excess capacity and low-carbon production....
The EU confirmed the extension of the quota for Russian slabs until 2028
They included restrictions on the import of certain ferroalloys and cast iron....
The EU hot-rolled steel market will enter 2024 with weak demand, higher production and uncertainty over trade measures
European hot rolled coil prices showed signs of recovery towards the end of 2023, but the basis for a continuation of this trend into 2024 appears...
Nippon Steel agrees to buy US Steel for almost $15 billion
After the deal was announced, US Steel shares rose, while Nippon shares fell...
The launch of blast furnaces in the Czech Ostrava is in jeopardy due to disputes with the energy supplier
Tameh Czech is the sole energy supplier to the Ostrava smelter, so its shutdown means Liberty will not be able to restart its blast furnaces or...
China sets a new record for car production and sales
Car sales in China grew by 27.4% in November 2023...
