The Russian automobile company called it a victory for the AVTOVAZ team and the company's partners in the face of a shortage of electronic...
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Major mining company BHP is optimistic about China's economy
The world's second-largest economy will be a source of stability in the coming year and "maybe something much more" if real estate...
Export earnings of Ukraine from trade in semi-finished steel decreased by 60%
In physical terms, Ukrainian exports of semi-finished products from carbon steel decreased by 64% compared to the same period last year - to 1.5...
Rolls-Royce to introduce innovative hydrogen engines for locomotives
Rolls-Royce is developing a range of hydrogen-powered engines and fuel cells to be used as a reliable power source in ships and heavy off-road...
The National Bank of Ukraine proposed to recognize the residence of the Russian Federation as a sign of a faulty business reputation
The regulator proposed to prohibit citizens of Russia or companies registered in the Russian Federation from using the right to vote on their shares...
Car sales in Turkey fell by 6.7% in January-July
In the first seven months of this year, Turkey's car exports totaled 526,601 units, up 2.7%, while passenger car exports fell 7.7% to 298,333...
The management company "Kuzbassrazrezugol" started testing a domestic drilling rig of a new generation
The planned productivity of the machine is 25 kilometers of drilled wells per month. In the future, the control system of the machine will allow...
Electric vehicle manufacturers switch from aluminum to steel for bodywork
Electric vehicle manufacturers are choosing steel over aluminum as the metal of choice for car bodies, said a top executive at the largest U.S....
British Airways to cancel 10,000 flights due to lack of staff at Heathrow Airport
British airports and airlines, which have been cutting jobs in the midst of coronavirus lockdowns, have struggled to recruit enough new staff....
POSCO Expands Collaboration with Global Iron Ore Supplier Vale on Mild Steel Raw Materials
The South Korean steel giant is strengthening cooperative relationships with global raw material suppliers to strengthen its global competitiveness...
Droughts affect Europe's hydropower market, exacerbating energy crisis
The world's record high temperatures are significantly reducing the efficiency of hydroelectric power plants and raising questions about...
Rosneft transfers refineries to its own catalysts
Rosneft refineries are gradually switching to using the company's own catalysts instead of imported ones. This week, Rosneft announced the...
ArcelorMittal Temirtau signed a Memorandum to ensure industrial safety
The management of ArcelorMittal Temirtau and the Ministry of Emergency Situations of the Republic of Kazakhstan signed a Memorandum on mutual...
British metallurgists raise steel prices again due to rising energy prices
Despite the market's downward trend in steel prices, British Steel has once again raised prices for some rolled products as rising energy costs...
Elon Musk's Shanghai factory produces first million Tesla electric vehicles
In the first half of this year, the Tesla gigafactory in Shanghai produced almost 300,000 electric vehicles with a 95% localization share of the...
Ukrainian lithium will get into the batteries of BMW electric vehicles
An Austrian company planning to mine lithium in Ukrainian deposits has signed a memorandum with the German automobile concern BMW for the supply of...
US Department of Energy predicts 4,000% growth in demand for lithium and graphite
The US Department of Energy says it has a comprehensive strategy to increase domestic feedstock production and manufacturing capacity, which will...
German unions demand higher wages for steelworkers due to soaring inflation
Employers and unions in Germany are arguing over the need to increase wages as soaring energy prices drive up production costs and consumers suffer...
Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices
The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a...
Salzgitter invests 700 million euros in mild steel production
As a result of a record investment, the German company will reduce CO2 emissions by 95%, which corresponds to 1% of all carbon dioxide emissions in...
Evraz decided to get rid of its assets in the US and Canada
In order to sell American assets, Evraz, whose majority stake is owned by billionaires Roman Abramovich, Alexander Abramov and Alexander Frolov, will...
S&P and Fitch consider Ukraine's agreement to defer payments on public debt as a default
S&P downgraded Ukraine's national currency rating from B-/B to CCC+/C, Fitch retained the corresponding rating at CCC-....
Demand for electric vehicles in Ukraine shows "crazy" growth - Ukrautoprom
Since the beginning of 2022, almost 5.9 thousand cars have replenished the Ukrainian fleet of cars powered by battery power sources, which is 34%...
Director General of Ukrhydroenergo initiated the construction of new bomb shelters at the Dnieper HPP
We are analyzing the situation, preparing for any scenarios, the main task is to keep the system, an emergency reserve, - said Igor Sirota....
Voestalpine invests 100 million euros in the reconstruction of the hot-dip galvanizing lines in Linz
The metallurgical company plans to expand the range of high-strength galvanized steels by increasing the size of the strip and reducing the thickness...
India prepares to lift export duties on steel
Industry experts are urging the Indian government to remove the levy as soon as possible as it increases uncertainty in the export market. They argue...
Russian metallurgists will need more than 10 years to replace imports of key equipment
Russian metallurgists are critically dependent on foreign key equipment (even rolls for rolling mills) and, due to Western sanctions, will be forced...
