Chinese excavator exports in the first four months of 2022 grew by almost 80%, while domestic sales of this equipment fell by 56.1% compared to a...
News
Siemens' withdrawal from Russia will not stop the production of locomotives - Institute for Natural Monopoly Problems
Earlier Thursday, Siemens announced that it would cease business in Russia. The company has begun the procedure for terminating its production and...
Germany to build a “reference rolling mill” using Danieli technologies
The new rolling mill in Riesa will use only induction heating for zero direct CO2 emissions, and a new generation of built-in welding machine will...
OPEC cuts global oil demand forecast again
If OPEC's forecast of an increase in world oil consumption to 100.29 million barrels per day is confirmed, this will mean a return of average...
Siemens terminated all service contracts with Russian Railways, including maintenance of Sapsan
Russian Railways announced the continuation of maintenance of German trains on their own. Earlier Thursday, Siemens announced it was ending business...
Metinvest to carry out planned repairs at Italian rolling mills two months earlier
Metinvest, an international vertically integrated group of mining and metals companies, has decided to postpone scheduled repairs at the Group's...
Chinese automaker Chery reports strong growth in NEV sales in first 4 months of 2022
The company also noted strong demand from countries such as Brazil, Saudi Arabia and Chile....
The price of iron ore is at the level of almost 4-month low
China's central bank said Monday it will step up support for a slowing economy...
Diamond prices are on the rise
There are fears that diamonds from Russia will be passed off as diamonds of other origin....
China's iron and steel producer price index up 5.6% in April
China's overall producer price index (PPI) rose 8.0% year-on-year in April, while it rose 0.6% month-on-month....
Russia doubled coal supplies to China
Chinese traders, having settled financing and lending issues in their banks, aggressively increased purchases of Russian coal against the background...
Production at Tesla's Shanghai plant ramps up
The Shanghai plant of the American automaker has already begun production of Tesla electric vehicles for export. Part of the manufactured cars has...
Europe intends to increase the production of hydrogen electrolyzers tenfold in three years
The European Commission and electrolyzer manufacturers have signed a joint declaration to increase their respective production capacities tenfold by...
US suspends 25% duty on steel imports from Ukraine for a year
The decision to suspend duties on the import of Ukrainian steel, introduced by Donald Trump in 2018, was taken by Washington to demonstrate support...
The United States banned the sale of knives and refrigerators to Russia
Washington has expanded the category of Russian Industry Sector sanctions, which now apply to the export to Russia of American equipment for oil and...
Desperate for Coal, Indian DRI Producers Hunt for Fuel Abroad
According to the chief executive of Jindal Steel & Power Ltd, the situation with the supply of coal to Indian steel mills is "very bad"...
Azovstal is not planned to be restored, and Mariupol will become a resort town - the head of the DPR
The DPR authorities are planning to turn Mariupol, which has come under the control of the republic, into a resort city....
The administration of the Chernobyl nuclear power plant denied reports of a leak of nuclear materials
The plant workers retained full control over nuclear and radioactive materials on the territory of the station, assured the Chernobyl nuclear power...
Canada will cancel all import duties for goods from Ukraine
Today, most goods from Ukraine are already imported into Canada duty-free under the Canada-Ukraine Free Trade Agreement (CUFTA), but duties still...
London imposed protective duties on Russian supplies of platinum group metals
The UK announced an additional £1.4 billion package of restrictions on Russian imports, raising tariffs by 35 percentage points on products such as...
Iran boosts direct reduced iron exports by 25% to 1 million tons
One of the most important reasons for the increase in the production of sponge iron in Iran is the creation of new factories. In recent years, thanks...
Indian auto industry set to post double-digit growth this year - Tata Motors
“Fleets will grow and people will continue to buy cars in even greater numbers. So this year will also be a good year, which was the last one...
Makeevka Coke Plant increases production volumes
The first and second coke batteries of the MKHZ are fully operational, the third and fourth are partially loaded, the volume of production of...
Metallurgical plant in Krivoy Rog continues to operate at 20% of installed capacity
ArcelorMittal Kryvyi Rih has only one blast furnace in operation, launched on April 11 to keep iron production low....
Taiwan has restricted the export of high-tech goods to Belarus
Exporters of high-tech goods are prohibited from sending them to Belarus and Russia without special permission from the Ministry of Economy or the...
Explosion at Tata Steel plant in India at coke battery
A fire broke out at the Tata Steel Factory coking plant in Jamshedpur due to a suspected battery explosion. Fire brigades are on site....
Pipe plant Centravis in Nikopol restarted production after solving logistical problems
The logistics team is constantly looking for the best and safest ways to deliver finished products to consumers....
Vale signs long-term nickel supply deal with Tesla
Vale said the agreement is in line with the Brazilian company's plans to boost nickel sales in the electric vehicle market....
The government of Saudi Arabia allocated $4 billion for the construction of a new steel plant
The Kingdom seeks to reduce its dependence on oil and invests money earned on "black gold" in the metallurgical and mining industries....
