Asia calculates losses from China-US trade war

Asia calculates losses from China-US trade war

Prices for metals and commodities in Asia began to decline steadily, sagging under the influence of trade restrictions resulting from rising...

KFC Indonesia Launches Steel Drinking Straw

KFC Indonesia Launches Steel Drinking Straw

Stainless steel drinking straws are marketed as an environmentally friendly substitute for plastic counterparts, but can be very dangerous to users....

China plans to tighten emissions controls at steel mills

China plans to tighten emissions controls at steel mills

New measures by Chinese officials could affect more than 60 percent of the world's largest steelmaker's steel capacity....

Fitch sees big risks for Turkey due to the supply of Russian anti-aircraft systems

Fitch sees big risks for Turkey due to the supply of Russian anti-aircraft systems

Fitch Ratings downgraded Turkey's long-term issuer default rating (IDR) to 'BB-' from 'BB' with a negative outlook due to...

Father and son 3D print Lamborghini

Father and son 3D print Lamborghini

This is a full-scale replica of the $ 600,000 Lamborghini Aventador SVJ, powered by a 2003 LS1 Corvette engine and a Porsche 911 transmission....

NLMK put into operation a complex for environmentally friendly processing of coke-chemical products

NLMK put into operation a complex for environmentally friendly processing of coke-chemical products

NLMK has put into commercial operation a complex for the capture and processing of chemical products from by-product coke production. The project...

Chinese imports of iron ore fell to three-year low

Chinese imports of iron ore fell to three-year low

Data from China's General Customs Administration show that ore supplies to the PRC, disrupted at the beginning of the year after the disaster...

Severstal 2Q & 1H 2019 operating results

Severstal 2Q & 1H 2019 operating results

Severstal 2Q & 1H 2019 operating results...

Japan and South Korea fell out completely

Japan and South Korea fell out completely

Japan threatens to exclude South Korea from the "white list" of countries with minimal trade restrictions, considering these measures...

India intends to increase investment in the processing of ferrous scrap

India intends to increase investment in the processing of ferrous scrap

Ferrous scrap is used as a raw material for steel production in electric arc and induction furnaces, which account for about 35-40 percent of total...

Protectionism fails to balance the steel market

Protectionism fails to balance the steel market

The steel market can be characterized as generally unstable, since there is still a lot of uncertainty, and any event that is insignificant in a...

IDRO Signs Memorandum of Understanding to Increase Steel Production in Iran

IDRO Signs Memorandum of Understanding to Increase Steel Production in Iran

Iranian steel production in 2018 was about 25 million tons and will grow to 45 million tons by 2022....

Uchalinsky GOK started sinking the shaft of the Skipo-Kletovaya mine

Uchalinsky GOK started sinking the shaft of the Skipo-Kletovaya mine

To date, 4.5 billion rubles have been invested in the construction of the Novo-Uchalinskoye field. The total investment is estimated at $ 19 billion....

Germany doubled arms exports in the first half of 2019

Germany doubled arms exports in the first half of 2019

Compared to the first half of 2018, Germany has more than doubled its arms exports - in total, contracts worth a total of 5.3 billion euros were...

American companies raised prices for the second time in a month

American companies raised prices for the second time in a month

The largest steel producers in the United States announced a new increase in steel prices amid significant resistance in the market....

China plans to increase funding for the production of electric vehicles

China plans to increase funding for the production of electric vehicles

The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....

Sberbank and UMMC signed two cooperation agreements at the Innoprom-2019 exhibition

Sberbank and UMMC signed two cooperation agreements at the Innoprom-2019 exhibition

More than 23 billion rubles will be allocated by Sberbank to finance the largest projects of the Ural Mining and Metallurgical Company....

Schneider Electric and UMMC signed a strategic partnership agreement

Schneider Electric and UMMC signed a strategic partnership agreement

The signing of the agreement became possible due to the successful long-term cooperation of the companies and the development of the strategic...

European Commission downgrades euro area economic growth forecast for 2020

European Commission downgrades euro area economic growth forecast for 2020

The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...

Apartment renovation for a decent amount

Apartment renovation for a decent amount

Almost everyone dreams of repairing their apartment. But many people put it off until later, since it takes a significant amount of time and effort...

Chelyabinsk Metallurgical Plant started overhaul of the blast furnace

Chelyabinsk Metallurgical Plant started overhaul of the blast furnace

The Chelyabinsk Metallurgical Plant (PJSC Chelyabinsk Metallurgical Plant, part of the Mechel Group) has shut down one of the three blast furnaces...

Global stainless steel production fell 2.5 percent in the first quarter

Global stainless steel production fell 2.5 percent in the first quarter

The USA showed the largest growth in stainless steel smelting, while in other regions of the planet there was a slight decline....

Indian KIOCL will sell iron ore pellets to Europe

Indian KIOCL will sell iron ore pellets to Europe

The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...

Russia files a complaint with the WTO against US duties on hot rolled sheet

Russia files a complaint with the WTO against US duties on hot rolled sheet

Russia will appeal to the WTO at once nine American trade restrictions. The measures under consideration, as the statement says, are inconsistent...

US imposed new duties on steel from Mexico and China

US imposed new duties on steel from Mexico and China

Officials from the US Department of Commerce claim that the governments of China, Canada and Mexico are subsidizing the export of certain types of...

China steelmakers set up task force to investigate commodity prices

China steelmakers set up task force to investigate commodity prices

Prices for iron ore in China are at their highest ever recorded. Some believe that this is a consequence of speculation on the stock exchange and...

South Korean President urges Japan to remove restrictions on metal exports

South Korean President urges Japan to remove restrictions on metal exports

South Korean President Moon Jae-in has called on Japan to lift export controls on high-tech materials bound for South Korea as a forced military...

China's Hebei province decides to expedite the elimination of steel facilities

China's Hebei province decides to expedite the elimination of steel facilities

Earlier in Hebei, it was planned to abandon the production of steel with a capacity of 14 million tons, coal with a capacity of 10 million tons,...

The United States took a step towards mass production of self-driving cars

The United States took a step towards mass production of self-driving cars

The US has allowed Japanese SoftBank to invest in an American self-driving car developer....

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