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News
Metinvest says loopholes in European sanctions allow Russia to continue steel supplies
According to the CEO of a Dutch mining and metallurgical holding, a loophole that gives many Russian producers a two-year delay in importing Russian...
Demand for new passenger cars continues to grow rapidly in the EU
However, the European automotive market is still seriously behind the pre-pandemic levels of November 2019....
ArcelorMittal Kryvyi Rih will receive $100 million from the European Bank for Reconstruction and Development
The provision of working capital within the framework of the sustainability concept of Ukraine will allow, among other things, to continue the...
China publishes guidance on expanding domestic demand
Efforts will be made to comprehensively stimulate consumption and accelerate the improvement of its quality, optimize the investment structure and...
China centralizes iron ore purchases
Beijing expects that the state-owned China Mineral Resources Group will gradually increase its share in purchases, and eventually the country's...
ArcelorMittal steel plant in Poland refuses to restart blast furnace due to lack of orders
ArcelorMittal Poland shut down Blast Furnace No. 3 in early September amid a slowdown in economic activity in Europe, lower demand, higher levels of...
Metallurgical plant of Metinvest in the Dnepropetrovsk region resumed the production of pig iron
The Kametstal plant of the Metinvest group resumed work on iron smelting after a temporary cessation of production as a result of shelling of the...
The global automotive industry increased the production of new cars by 7%
At the same time, compared to the pre-pandemic 2019, the lag in production levels is 10%....
Europe introduces border tax on carbon emissions
After late-night negotiations, the European Union approved a political deal early on Tuesday to impose a carbon tariff on imports of polluting goods...
U.S. tariffs on steel and aluminum imports violate international trade rules - WTO
The World Trade Organization Commission has determined that US tariffs on steel and aluminum are inconsistent with international trade obligations...
ArcelorMittal launches flagship carbon capture and recycling project in Belgium
The Ghent projects are an important part of ArcelorMittal's 2030 climate change roadmap, which aims to reduce the carbon intensity of its steel...
The South Korean government "ordered" the striking truckers to return to work at steel plants
A second strike in less than six months has hampered the supply of goods from cars to fuel, costing the country 3.5 trillion won (about $2.66...
India expands RoDTEP export incentive scheme to steel and iron
The inclusion of iron and steel products in the RoDTEP scheme follows India's removal of export duties on steel products last month....
Volkswagen Anhui's first pre-production NEV rolled off the assembly line
Volkswagen Anhui is expected to create 2,300 jobs in Hefei by the end of this year and employ more than 3,500 employees....
Chinese steel exports up 28.2% - customs data
In November, Chinese steel shipments abroad rose by almost eight percent compared to October due to an unexpected decline in domestic demand for...
UK approves construction of new coal mine for the first time in 30 years
For the first time in decades, London has given official permission to put into commercial operation a new coal mine that will supply coking coal to...
Analysts predict 5% annual growth in the iron casting market through 2030
The global market for iron and steel castings will increase to 2.5 trillion US dollars by 2030 with an annual growth of 5.5% - Spherical Insights...
Oman to build a new steel plant worth $3 billion in 3 years
The construction of the new steel plant is expected to be completed by 2026, after which it will produce five million metric tons of green steel per...
Tesla's Shanghai gigafactory set a new record for electric vehicle shipments in November
In November 2022, deliveries from Tesla's Shanghai plant amounted to 100,291 electric vehicles, a record figure, data from the China Passenger...
Sanjeev Gupta may lose control of his steel plants in Belgium
The two Belgian steel mills, which together employ about 650 people, are operated by GFG's steel division, Liberty Steel Group. GFG acquired the...
Steel demand and weather in Australia will affect coking coal prices
Exports of Australian hard coking coal in January-September this year amounted to 79 million tons, which is 6% less than a year earlier. Exports of...
Australian mineral exploration spending reaches record high
Non-ferrous metals exploration spending is trending upward, double its level two years ago and more than four times its 2016 level....
Energy efficiency investment worldwide tops $1 trillion in 2 years
If the current rate of progress can be continued in the coming years, 2022 could mark a turning point for energy efficiency, which is one of the key...
Brazilian steel industry expects modest growth in 2023: Aço Brasil
According to the Aço Brasil Institute, steelmakers in Brazil expect modest growth in production, sales and apparent consumption in the country in...
China's iron ore output to rise in 2023 as new projects are launched
According to consulting firm Nanhua Futures, due to weak interest from China's steel sector, which is in the process of reducing production, the...
Metinvest enterprises in Ukraine resumed work after massive shelling of infrastructure
Although the electricity supply has since been partially restored, industrial producers use electricity from the grid within the available quotas,...
The European Council added the violation of restrictive measures (sanctions) to the list of EU crimes
The European Council today unanimously decided to add the violation of restrictive measures to the list of "EU crimes" included in the...
The abolition of export duty in India may reduce the price of Turkish steel
The Indian steel industry, which is a major steel supplier to Turkey and Ankara's competitor in major export markets, seeks to increase its...
