European steel Industry News [more headlines]

Tata Steel favours EU funds to soften impact of plant closures - ...
Fri, 17 May 2013 19:21:33 +0100
Economic Times - The regional head of Tata Steel, which has more than half of its production in Europe, in the UK and the Netherlands, also expressed his concerns about unattainable targets the EU was imposing on the steel industry for cuts in carbon emissions. Should ...


Tata Steel favours EU funds to soften impact of plant closures
Fri, 17 May 2013 19:09:52 +0100
BRUSSELS (Reuters) - Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Khler ...


James River Coal Company Announces Exchange Transactions In Connection ...
Fri, 17 May 2013 13:35:00 +0100
PR Newswire - RICHMOND, Va., May 17, 2013 /PRNewswire/ -- James River Coal Company (NASDAQ: JRCC), today announced that the Company has entered into separate, privately negotiated exchange agreements, under which it ...


European stainless steel producers divided over alloy surcharge - ...
Fri, 17 May 2013 10:55:56 +0100
European stainless steel producers remain divided over whether an alloy surcharge for customers is hurting the industry. Some producers add an alloy surcharge on top of a base price to account for the rising chromium and nickel prices. Speaking on the ...


Government to step up coal quality checks
Fri, 17 May 2013 10:47:20 +0100
(Refiles to clarify quality controls apply to Indian supplies) By John McGarrity and Malini Menon LONDON/NEW DELHI (Reuters) - India is calling in specialist control monitors to stop poor quality coal ...


Goodwill hunting
Thu, 16 May 2013 22:51:11 +0100
Hewlett-Packards $18 billion write-off in 2012 was a repudiation of a decade of mistakes, including the 2011 takeover of Autonomy, a software firm, but also of Compaq, a rival hardware maker, way back in 2002. Rio Tinto, a mining giant, booked a $14 ...


Ex-BP boss Hayward takes Glencore chair after Xstrata clearout - ...
Thu, 16 May 2013 18:15:01 +0100
LONDON/ZUG, Switzerland (Reuters) - A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the ...


Government to step up coal quality checks
Thu, 16 May 2013 14:39:40 +0100
By John McGarrity and Malini Menon LONDON, NEW DELHI (Reuters) - India is calling in specialist monitors to improve the poor quality of coal it is getting for its power stations. Indian utilities complain ...


Miner NWR looks to cut operations after record loss
Thu, 16 May 2013 13:03:53 +0100
Czech coal miner New World Resources said it would close or sell some unprofitable operations and cut jobs after posting a second straight record quarterly loss, boosting its shares from a record low. ...


India to step up coal imports quality checks
Thu, 16 May 2013 12:59:55 +0100
By John McGarrity and Malini Menon LONDON, NEW DELHI (Reuters) - India is calling in specialist quality control monitors to stop poor quality coal imports getting through to its import-reliant power plants. ...


Brief-prosperity Minerals Says Renews Iron Ore Off-take Agreement
Thu, 16 May 2013 09:27:18 +0100
LONDON, May 16 (Reuters) - Prosperity Minerals Holdings Ltd : * The maximum value of transactions between the parties during this period will be US$ 1.1 billion. * Renewed master iron ore off-take agreement ...


Czech coalminer NWR expects decision on coke unit sale by August
Thu, 16 May 2013 08:55:45 +0100
Lossmaking Czech coalminer New World Resources expects a decision on the sale of its coking coal unit OKK to be taken by August, Chief Executive Gareth Penny said on Thursday. He also said a decision to ...


Vedanta profit rises 21 percent as oil offsets iron ore hit
Thu, 16 May 2013 08:20:46 +0100
LONDON (Reuters) - India-focused miner Vedanta's (VED.L) full-year earnings rose 21 percent, as revenue from oil and gas assets acquired in late 2011 helped offset iron ore mining bans that cost it almost ...


Banks pull out of EU steel sector, firms seek alternative funds
Wed, 15 May 2013 15:47:06 +0100
LONDON (Reuters) - Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative ...


Elevators, steelmaker ThyssenKrupp announces job cuts, writedown ...
Wed, 15 May 2013 08:55:05 +0100
FRANKFURT - Steel and elevator maker ThyssenKrupp says it will cut 3,000 of its 15,000 office jobs over the next three years to streamline the company's administration. The company says the move is part of an effort to make its business structure more efficient and transparent. The jobs will be