European Steel Industry News

StockBeat: ThyssenKrupp Takes the Safest Route to Survival
Tue, 18 Feb 2020 00:00:00 GMT
By Geoffrey Smith Investing.com - -- Germanys ThyssenKrupp, one of Europe's industrial blue-bloods, is in a race against time to sell its most valuable asset before being swallowed by


Thyssenkrupp shortlists buyout firms for elevator unit, Kone ...
Mon, 17 Feb 2020 17:21:56 GMT
By Christoph Steitz, Tom Kckenhoff, Arno Schuetze and Edward Taylor FRANKFURT/DUESSELDORF, Germany Reuters - Germany's Thyssenkrupp (DE:TKAG) has shortlisted two private equity consortia


ArcelorMittal, Italian government agree to hearing delay
Fri, 14 Feb 2020 00:00:00 GMT
ArcelorMittal and the Italian government agreed on 7 February to postpone the tribunal hearing over the ownership of the former Italian steelmaker Ilva,Kallanishlearns from sources close to the matter. Just a few hours before the hearing was due to take place last Friday, both parties submitted a draft agreement and asked the tribunal to


Steel becomes new problem child as Thyssenkrupp posts profit ...
Thu, 13 Feb 2020 08:22:03 GMT
By Christoph Steitz and Tom Kckenhoff FRANKFURT/DUESSELDORF, Germany Reuters - Thyssenkrupp's steel division swung to a loss in the first quarter, raising doubts over


Coronavirus to disrupt steel trade flows
Wed, 12 Feb 2020 00:00:00 GMT
Buyers of Chinese steel are diversifying their supply sources as the coronavirus outbreak threatens to disrupt shipments. Turkish flat steel producers are getting inquiries from atypical destinations over the past week, which they attribute to apprehension about the virus interfering with deliveries. One re-roller received demand from as far as southeast Asia. Some European


SEAISI Press Release
Mon, 10 Feb 2020 00:00:00 GMT
ArcelorMittal, Italian government agree to hearing delay


Bidders value elevator unit at more than $16.6 billion - Thyssenkrupp ...
Fri, 31 Jan 2020 00:00:00 GMT
BOCHUM, Germany Reuters - Thyssenkrupp (DE:TKAG) on Friday said bidders for its prized elevator division valued the unit at more than 15 billion euros (12.6 billion) as the landmark


ECONOMIC PRESS RELEASE - Volatility defines steel markets in ...
Thu, 30 Jan 2020 00:00:00 GMT
Brussels, 30 January 2020 Apparent steel consumption fell by 3.1% year-on-year in the third quarter of 2019, a slight moderation compared to the drop recorded in the second quarter (-6.7%). The ongoing negative trend in steel demand is the result of the continued slump in EUs manufacturing sector due to weakened exports and investment that has become more pronounced during the second and third quarter of 2019. Leading indicators suggest that the downturn continued in the remainder of 2019, albeit with some signs of stabilisation. No significant rebound is forecast before the second half of


Kone leads field with 17 billion euro bid for Thyssenkrupp elevators ...
Tue, 28 Jan 2020 18:21:57 GMT
By Christoph Steitz FRANKFURT Reuters - Finland's Kone (HE:KNEBV) has outbid rival suitors for Thyssenkrupp's (DE:TKAG) prized elevator division with a preliminary offer of 17


Italian court says Taranto steel plant's blast furnace 2 can ...
Thu, 09 Jan 2020 00:00:00 GMT
An Italian appeals court Tuesday decided that blast furnace No. 2 at the ArcelorMittal Italia plant, formerly the Ilva steelworks, in Taranto can stay open and continue to produce steel, Italian steel federation Federaccia and the plants labor unions said. ArcelorMittal declined to comment. The Taranto Appeals Court accepted the appeal by Ilvas extraordinary


PRESS RELEASE - Green deal an important opportunity to seize ...
Wed, 11 Dec 2019 00:00:00 GMT
Brussels, 11 December 2019 The European Commission has today formally announced its European Green Deal for the European Union. The European Steel Association (EUROFER) welcomes ambition behind the package and notes the inclusion of sections on supporting zero-carbon steelmaking processes and on carbon border


PRESS RELEASE - EUROFER welcomes Masterplan for Energy Intensive ...
Thu, 28 Nov 2019 00:00:00 GMT
Brussels, 28 November 2019 The European Steel Association (EUROFER) has, along with other European energy-intensive industries, welcomed the publication of a Masterplan for a competitive transformation of Energy Intensive Industries enabling a carbon-neutral, circular economy by 2050. This Masterplan was published today by the European Commission after ten months of intense work, including contributions from eleven leading EU manufacturing


Fix steel unit or drop it, top Thyssenkrupp investor says
Thu, 28 Nov 2019 00:00:00 GMT
By Tom Kckenhoff DUESSELDORF, Germany Reuters - Union Investment, a top-10 investor of ailing conglomerate Thyssenkrupp (DE:TKAG) raised pressure on management to soon present a plan for


PRESS RELEASE - EUROFER supports EU WTO action on Indonesia
Fri, 22 Nov 2019 00:00:00 GMT
Brussels, 22 November 2019 The EU has launched a WTO challenge against Indonesian export restrictions on the raw materials used in stainless steel production. The European Steel Association (EUROFER) welcomes the announcement by the European Commission that they are taking Indonesia to the WTO in order to protest against the distortive effects of these


ArcelorMittal willing to re-commit to Ilva steel plant on three ...
Mon, 18 Nov 2019 00:00:00 GMT
After withdrawing from the contract, the world's biggest steel maker is drafting a proposal for Italy's government in which it will demand the reintroduction of legal immunity, the possibility to revise its industrial plan and the layoff of 5,000


ArcelorMittal says it is calling off acquisition of Italy's Ilva
Tue, 05 Nov 2019 00:00:00 GMT
ArcelorMittal's decision sparked outrage across Italy, with trade unions blaming the steel giant and the ruling anti-establishment for pulling the rug out from under the deal which would have safeguarded thousands of


ECONOMIC PRESS RELEASE - Global Uncertainty underlies European ...
Thu, 31 Oct 2019 00:00:00 GMT
Brussels, 31 October 2019 Apparent steel consumption fell by 7.7% year-on-year in the second quarter of 2019, after a drop of 1.6% in the first quarter. The negative trend in steel demand is the result of the ongoing slump in EUs manufacturing sector due to weakened exports and investment that has become more pronounced during the second quarter of this year. Leading indicators forecast a continuation of the downturn for the remainder of the year, with no rebound before the second quarter of


PRESS RELEASE - Revision of EU steel safeguard improves on technical ...
Tue, 01 Oct 2019 00:00:00 GMT
Brussels, 1 October 2019 The EU has published and implemented its revision of the EU steel safeguard. The new design of the tariff-free quota will better stabilise trade flows by containing import concentration from certain exporting countries. While the changes have resulted in improvements, the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel


PRESS RELEASE - Economic and steel market outlook 2019-2020
Thu, 18 Jul 2019 00:00:00 GMT
Brussels, 18 July 2019 Apparent steel consumption fell by 2.5% year-on-year in the first quarter of 2019. The negative trend in steel demand is the result of the ongoing slump in EUs manufacturing sector due to weakened exports and investment. Forward-looking indicators signal, at best, a low-level stabilisation later this year, but no


PRESS RELEASE Latest weakening further undermines rationale of ...
Wed, 03 Jul 2019 00:00:00 GMT
Brussels, 3 July 2019 The EU steel safeguard, ostensibly designed to ward off import surges in the wake of the US section 232 steel import tariffs, has been automatically raised by 5% despite steel industry protests and the expressed concerns of a number of Member States. This significant rise in the size of the import quota the second this year is happening even as steel demand in the EU is expected to fall in


Number of news reports: 20