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Political factors push renewable energy in different directions
The war in Ukraine has so far hampered global metal trade in several countries. It has also led to the circumstances that have caused the current energy crisis in Europe. In light of this, European nations continue to increase investment in other energy sources. With...
Scrap: EU ban would boost financial losses
According to Italian trade association Assofermet, a ban on scrap exports from the European Union to third countries would have a major impact on European scrap collection and supply companies, causing job losses. Environmental and permitting problems would also...
EU opens €3 billion funding call for clean energy projects
The European Commission has opened a €3 billion ($2.96 billion) funding call for innovative clean technology projects to decarbonize industry and accelerate energy independence from Russian fossil fuels. The third round of investment will offer 1 billion euros for...
Steel: ArcelorMittal France will temporarily shut down the 2-million-ton furnace
European steel producer ArcelorMittal will temporarily close one of its two 2-million-ton-per-year blast furnaces in Fos-sur-Mer, France. The company said that in a sharply deteriorating macroeconomic environment, combined with the severe impact of soaring energy...