The economic impact of the global steel industry

The economic impact of the global steel industry

Steel plays a vital role in today's world. In addition to being one of the most important materials for construction and infrastructure, steel...

Namibia agrees to sell uranium stake in Rio to China

Namibia agrees to sell uranium stake in Rio to China

Namibia has no objection to Rio Tinto selling its stake in the uranium mine to China, subject to the country's laws....

Indian steel mills are concerned about increased steel imports from South Korea and Japan

Indian steel mills are concerned about increased steel imports from South Korea and Japan

The Indian Steel Association, representing the six largest integrated steel companies, has called on the government to impose a protective duty of...

MMK and AVTOVAZ held a coordination council

MMK and AVTOVAZ held a coordination council

A meeting of the Coordination Council of PJSC Magnitogorsk Iron and Steel Works and PJSC AVTOVAZ took place in Magnitogorsk. The parties summed up...

Chelyabinsk Metallurgical Plant and ecologists restore forests around Chelyabinsk

Chelyabinsk Metallurgical Plant and ecologists restore forests around Chelyabinsk

The final planting of trees within the framework of the AERObika reforestation project took place in Balandinsky Bor today. The project is being...

Explosion at China's Fangda steel plant killed one person

Explosion at China's Fangda steel plant killed one person

Nine more metallurgists received injuries of varying severity....

Chinese Steel Sector Profits Soar In April To New Record

Chinese Steel Sector Profits Soar In April To New Record

Chinese steel profits skyrocketed for the second straight month in April amid increased demand from the construction sector....

ArcelorMittal prepares to further cut steel production in Europe

ArcelorMittal prepares to further cut steel production in Europe

The largest steel company in the world notes the weakness of the European steel market and the worsening economic situation in the EU heavy...

China's steel production growth surprised analysts

China's steel production growth surprised analysts

China's growing steel production is of deep concern to the global steel industry, which rightly believes that a new round of steel...

Beloretsk Metallurgical Plant introduced 14 new products to the market

Beloretsk Metallurgical Plant introduced 14 new products to the market

Beloretsk Metallurgical Plant (BMK JSC, part of the Mechel Group) has mastered 14 new steel products since the beginning of 2019: wires, strips,...

Rio Tinto Capitalization Reaches Record Level Amid Rising Ore Prices

Rio Tinto Capitalization Reaches Record Level Amid Rising Ore Prices

Iron ore prices have strengthened steadily in 2019 as concerns over the supply of raw steel proved to be stronger than the persistent trade tensions...

Hyundai to sell EV SUV in China with Chinese battery

Hyundai to sell EV SUV in China with Chinese battery

South Korean Hyundai Motor received approval to sell a version of its Kona (EV) electric vehicle in China later this year, on condition that it is...

Chinese flat products manufacturers face oversupply

Chinese flat products manufacturers face oversupply

Hot rolled coil prices are falling at the fastest pace, accounting for 20 percent of China's total steel exports....

Steel production in CIS countries in April 2019 decreased by 3.7 percent

Steel production in CIS countries in April 2019 decreased by 3.7 percent

According to the World Steel Association Worldsteel, steel smelting in the CIS in April 2019. amounted to 8.203 million tons....

Severstal believes that VTB Capital's forecast for the Russian market has become twice as high

Severstal believes that VTB Capital's forecast for the Russian market has become twice as high

Alexander Shevelev, General Director of the Russian metallurgical company PJSC Severstal, said that VTB Capital's forecast for metal...

Vedanta CEO is open to dialogue with Zambia

Vedanta CEO is open to dialogue with Zambia

The statement says Zambia is abusing corporate law by calling for the liquidation of the KSM on the basis of some equity rather than insolvency....

UMMC - five-time champion of Russia

UMMC - five-time champion of Russia

UMMC tennis players Andrei Gachina, Alexander Shibaev and Jonathan Groth were stronger than Orenburg's Fakel-Gazprom after two matches....

Quantum Theater staged Shakespeare's greatest tragedy "King Lear" on the ruins of an American steelworks

Quantum Theater staged Shakespeare's greatest tragedy "King Lear" on the ruins of an American steelworks

King Lear continues Quantum's long-standing tradition of reimagining the classics in never-before-seen ways, setting Shakespeare's...

Izhstal told about labor protection in the language of a poster

Izhstal told about labor protection in the language of a poster

The Izhstal plant (part of the Mechel Group) hosted a poster and children's drawing competition dedicated to the World Day for Safety and Health...

The profitability of the Chinese industry declined by 4 percent

The profitability of the Chinese industry declined by 4 percent

Chinese statistics released Monday showed progress in the country's efforts to help reduce corporate leverage through supply-side structural...

Honda's hybrid technology will bring India's EV future closer

Honda's hybrid technology will bring India's EV future closer

Japanese carmaker Honda will use hybrid vehicles as intermediate vehicles for the next two years in India, before moving to electric vehicles (EVs),...

Why Credit Suisse downgraded AK Steel by two notches at once

Why Credit Suisse downgraded AK Steel by two notches at once

This week, shares of American steel companies were in the "red zone", reflecting the uncertainty of investors in the prosperous...

Brazilian Vale and China CCCC jointly invest in steel plant

Brazilian Vale and China CCCC jointly invest in steel plant

State-owned China Communications Construction Co (CCCC) and miner Vale SA have agreed to set up a $ 450 million steel mill in Brazil's northern...

Mechel announces the appointment of a new General Director of the Beloretsk Metallurgical Plant

Mechel announces the appointment of a new General Director of the Beloretsk Metallurgical Plant

Moscow, Russia - May 24, 2019 - Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metallurgical company, announces changes in the...

Indian steel: optimism amid election results

Indian steel: optimism amid election results

Traders and distributors have been stocking up this week in anticipation of price increases following the announcement of the election results....

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