US and UK Move Toward Trade Deal, Potentially Avoiding New US Tariffs US President Donald Trump appears poised to revisit his firm stance on tariffs, which he had previously declared would allow for "no exceptions or exemptions." The shift follows recent trade discussio...
Hybrit Successfully Completes Pilot Hydrogen Storage Project for Steel Production Hybrit, a Swedish joint venture between SSAB, LKAB, and Vattenfall, has successfully concluded its pilot hydrogen storage project, marking a significant milestone in the effort to enable fossil-free s...
Metinvest Volunteers Prepare 144,000 Humanitarian Kits in 2024 for War-Affected Ukrainians In 2024, Metinvest’s humanitarian hub at Zaporizhstal played a crucial role in supporting Ukrainians affected by the ongoing war, assembling approximately 144,000 food and hygiene kits for those in ne...
Capital Investments in Ukraine’s Steel Industry Jump 46% Year-on-Year in 2024 Ukraine’s steel sector saw a significant boost in *capital investments*, increasing *46% year-on-year in 2024*. This surge reflects growing confidence in the industry’s resilience and long-term potent...
Metinvest’s Mining Operations Provide Jobs for 192 Veterans, Strengthening Workforce and Reintegration Efforts Metinvest has successfully integrated *192 veterans* into its mining operations, reinforcing its commitment to workforce development and social responsibility. As Ukraine continues to rebuild, initiat...
EU Plan Aims to Reduce Fossil Fuel Imports by €45 Billion in 2025 The European Union is taking a significant step toward energy independence with a new initiative aimed at cutting fossil fuel imports by *€45 billion in 2025*. This bold move is expected to strengthen...
HYBRIT Successfully Completes Pilot Hydrogen Storage Project, Advancing Green Steel Innovation HYBRIT, Sweden’s pioneering green steel initiative, has successfully completed a *pilot hydrogen storage project*, marking a critical step in the transition toward fossil-free steel production. This a...
EC unveils Clean Industrial Deal, EUROFER not satisfied The *European Commission* has introduced a new policy package known as the *Clean Industrial Deal*, which outlines specific actions to transform *decarbonization* into a growth driver for *European in...
S. Korea to formally file AD investigation on HRC from China and Japan in early March The *China Iron and Steel Association (CISA)* has highlighted that, according to local media in *South Korea*, the domestic steel giant *Hyundai Steel* has submitted an *antidumping complaint* to the ...
S. Norton Group to cut energy use at shredder plant with new inverter *Mitsubishi Electric*, based in Japan, has announced the supply of a *3,000 hp frequency inverter* for a large *shredder plant* at the UK-based *S. Norton Group* in *Manchester*, UK. This new inverter...
World Bank: EU's CBAM to impact Indian exports of steel and aluminium The European Union's *Carbon Border Adjustment Mechanism (CBAM)* is set to affect *Indian exports*, especially in sectors like *steel, aluminium*, and other *high-emission industries*, according to *T...
New US steel import tariff to hit transshipping of China's steel, intensifying global competition A recent Reuters report highlights that the *US's new 25 percent tariff on steel imports* is likely to *disrupt the supply chain transporting steel from China to the US via third countries*. This move...
