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Unions oppose Tata Steel plan to shut 2 blast furnaces in United ...
Thu, 23 Jul 2020 00:00:00 GMT
A spokesperson for Tata Steel Europe told ET the company is in active discussion with the UK government on several options for the future of Port Talbot operations. This includes potential cooperation and participation from the government to create a sustainable, decarbonised footprint for the

Stainless steel production decreases by 8.0% to 11.7 million ...
Thu, 02 Jul 2020 00:00:00 GMT
Brussels 02 July 2020 The International Stainless Steel Forum (ISSF) has released figures for the first three months of 2020 showing that stainless

Strikes continue to affect Tata Steel IJmuiden
Wed, 24 Jun 2020 00:00:00 GMT
A new series of strikes has hit production at the integrated site of Tata Steel Europe in IJmuiden,Kallanishlearns from sources. According to local unions in the Netherlands, strikes have continued for a second consecutive week, intermittently affecting a number of units at the mill. Last week, crude steel production was again affected by demonstrations.

ArcelorMittal reiterates commitment to Ilva
Fri, 19 Jun 2020 00:00:00 GMT
ArcelorMittal Italia chief executive Lucia Morselli says the company intends to comply with the agreement signed on 4 March with the Italian government for the relaunch of former Italian steelmaker Ilva. This is in response to the latest declarations by Prime Minister Giuseppe Conte and economic development minister Stefano Patuanelli that ArcelorMittals latest industrial

British Steel to halt production at Skinningrove on low demand
Thu, 04 Jun 2020 00:00:00 GMT
British steel said June 3 it will halt production at its Skinningrove rolling mill on June 13 for three weeks and furlough around 300 staff, in what will be the second closure in three months due to low demand as a result of COVID-19. Skinningrove was halted at the beginning of April for three

ISSF announces winners of the Stainless Industry Awards in a ...
Tue, 19 May 2020 00:00:00 GMT
Brussels, 19 May 2020 the International Stainless Steel Forum (ISSF) has announced the winners of their Awards in the New Technology, New

Unions hit out at Tata Steel plans to make Netherlands bear bulk ...
Mon, 18 May 2020 14:22:07 GMT
AMSTERDAM Reuters - Labour representatives at Tata Steel's (NS:TATS) Dutch operations said on Monday that the company plans to cut 1,000 jobs in the Netherlands and that the subsidiary's

German economy ministry open to supporting Thyssenkrupp - paper
Tue, 12 May 2020 22:22:22 GMT
BERLIN Reuters - The German government's protective umbrella for businesses is open to struggling conglomerate Thyssenkrupp (DE:TKAG), which warned on Tuesday it faced a deep quarterly loss,

ArcelorMittal prepares to mothball Fos-sur-mer
Fri, 24 Apr 2020 00:00:00 GMT
ArcelorMittal is going to commence the idling of the second blast furnace at its steelmaking site in Fos-sur-Mer, southern France, the company confirms toKallanish. The shutdown procedure will take several weeks to guarantee safety, the firm explains. It is a temporary stop and when demand picks up, the site will resume production, it adds.

Stainless steel melt shop production reaches 52.2 million metric ...
Wed, 25 Mar 2020 00:00:00 GMT
Brussels 25 March 2020 The International Stainless Steel Forum (ISSF) has released figures for the full year 2019 showing that stainless steel melt

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

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

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

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Steel industry news headlines from Europe.