Latest news and articles about steel from NEX English
Scientists from Belgorod National Research University have unveiled a new method for producing steel that combines durability and ductility, significantly improving the effectiveness of transport vehicles and agricultural machinery.
Israeli Prime Minister <strong>Benjamin Netanyahu</strong> announced that Israeli airstrikes have destroyed approximately <strong>70%</strong> of Iran's steel production capacity, significantly impacting its ability to manufacture weapons. This announcement comes amid new missile attacks on Israel from Iran.
Scientists from Tomsk, Russia, have developed a new technology that increases the service life of steel by 50 times by modifying steel layers with thicknesses ranging from one micrometer to tens of micrometers. This breakthrough could revolutionize industries reliant on steel, such as construction and energy.
U.S. President Donald Trump announced a modification to tariffs imposed on steel, aluminum, and copper imports, reducing tariffs on products made from these metals. This decision aims to simplify procedures and prevent manipulation of import values.
U.S. President Donald Trump has announced a reduction in tariffs on steel, aluminum, and copper products to boost domestic industry and stimulate the economy. This decision comes at a critical time as the administration seeks to support American companies facing economic challenges.
The Trump administration has announced a new tiered tariff system for steel and aluminum products aimed at simplifying procedures for American companies. This decision comes amid economic challenges in the U.S. that necessitate bolstering local industry and stimulating growth.
Iran's steel sector shows a significant production surplus, yet sanctions and energy bottlenecks hinder stable export capabilities. Recent data indicates a decline in steel exports, highlighting the industry's challenges.
The war in Iran has extended to its steel factories, with airstrikes hitting 'Mobarakeh Steel' and 'Khuzestan Steel', resulting in casualties and significant damage. These factories are crucial pillars of Iran's non-oil economy.
Russia's exports of iron and steel to the European Union have seen a dramatic decline, dropping more than fivefold in January compared to last year, according to Eurostat data. This significant decrease reflects the impact of sanctions imposed on Russia due to the ongoing conflict in Ukraine.
On Monday, iron ore futures surged due to increased shipping and energy costs, alongside notable rises in other steelmaking components. Global challenges continue to impact these prices as countries strive to secure coal shipments to address rising energy needs.