Sinosteel Engineering News Today

Ukraine suspects five people of embezzling $40-million earmarked for artillery shells for the country’s ammunition-starved army as the war with Russia approaches a third year. 

Magnitogorsk, in the Ural mountains, was developed as a symbol of Soviet industrial might and its capacity for economic modernization. Today, a new, 75 billion-ruble (roughly $840 million) coking plant in the steel town is being built by a Chinese engineering giant and hundreds of Chinese workers. The contract between Magnitogorsk Iron & Steel Works PJSC, known as…

Bank of China Ltd, Bank of Communications Co Ltd, and China Pacific Insurance Group Co Ltd soared 6.0%, 5.2%, and 8.1%, respectively

A hydrogen-based 1,000,000 ton/year ENERGIRON® direct reduction (DR) plant will reduce carbon dioxide emission for a sustainable steel industry.