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European Steel Industry News

ArcelorMittal Poland revamps Krakow CR mill, ups capacity
Wed, 19 Jan 2022 00:00:00 GMT
ArcelorMittal Poland (AMP) is investing PLN 100 million ($25.2m) to modernise the cold rolling mill at its Krakow site by year-end, with a view to increasing production capacity but at stable electricity consumption. The work will involve the replacement of the rolling mill motors, modernisation of the sheet pickling line and the purchase of

Tenova tests hydrogen for steelmaking decarbonisation
Fri, 14 Jan 2022 00:00:00 GMT
Italian energy infrastructure operator Snam is teaming up with technology maker Tenova to decarbonise the steel production process using green hydrogen. The companies will collaborate to test Tenovas solution fed by green hydrogen at steelmakers sites. The aim is to bringintegrated, turnkey commercial solutions tested at industrial plantsto implement a substantial reduction of CO2and

European HRC prices soften amid slowing demand as mills try to ...
Fri, 14 Jan 2022 00:00:00 GMT
European HRC prices declined marginally Jan. 13 as market participants reported a wide spread on coils, dependent on volumes relative to each mill. Sources have said they feel the market is in a state of uncertainty, with buyers holding back from purchasing material. A large European mill announced Eur1,160/mt delivered Europe for North European

European coil contract parties develop new rules
Fri, 14 Jan 2022 00:00:00 GMT
European coil mills and their customers are devising ways to ensure tonnages taken up by buyers do not fall significantly under those contracted in annual agreements. Last year saw some trouble between mills and big customers, which in the second half of 2021 refused to call off the tonnages they had secured on the

Betting on hydrogen hype, Thyssenkrupp eyes $687 million in IPO ...
Thu, 13 Jan 2022 11:22:02 GMT
By Christoph Steitz and Tom Kckenhoff FRANKFURT/DUESSELDORF Reuters - -Thyssenkrupp's electrolysis business is aiming for proceeds of up to 600 million euros ($687 million) by selling new shares

European HDG market sees softening, auto sector uncertainty
Thu, 13 Jan 2022 00:00:00 GMT
The European hot-dip galvanized sheet steel market was relatively stable Jan. 12 with little purchasing activity heard as buyers took a step back from inquiries while the lack of automotive demand resulted in more available steel volumes. Prices were heard to be mostly stable, though some buyers were skeptical about a price decrease, suggesting

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for ...
Mon, 10 Jan 2022 13:22:02 GMT
FRANKFURT Reuters - Thyssenkrupp (DE:TKAG)'s hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a

UK steel future uncertain without US tariffs deal
Wed, 05 Jan 2022 00:00:00 GMT
UK steel companies have been operating at a significan't disadvantage compared to their European rivals since the beginning of 2022. The EU has done a deal with the US, which took effect on 1 January, to allow companies to export steel to the US again without any tariffs. The UK is yet to reach a similar agreement though it is hoping for more talks with America this month. It means British companies still face a 25% tariff on exports to the US. And the effect of the change is already

German steel outlook still cautious as auto demand brings hope
Tue, 04 Jan 2022 00:00:00 GMT
The German steel market expected domestic prices and mill production to be mostly stable for January, with inventories likely to dip, amid talks about a resurgence in automotive demand and volume uptake in the first quarter, showed data from the S&P Global Platts monthly steel sentiment survey. Expectations of a strong return in demand

EU steel sheet market uncertain pending auto demand
Tue, 04 Jan 2022 00:00:00 GMT
The sentiment in the European coils market hinged on hopes that a global semiconductor chip shortage will ease in first quarter 2022, resulting in higher prices for steel producers who have resorted to discounts due to weak automobile production. The European coils industry endured a tumultuous 2021, from material shortages leading to record-breaking prices,

Celsa France begins new rolling mill trials
Mon, 03 Jan 2022 00:00:00 GMT
Celsa has officially produced the first steel bar at its new hot-rolling mill in France,Kallanishlearns from the company. The facility located at the companys industrial complex in Bayonne commenced trial production on 27 December. The mill will definitively come into operation once the tests are finished in the next few weeks, Celsa explains. The

US formalises EU quota arrangement
Wed, 29 Dec 2021 00:00:00 GMT
US President Joe Biden has made a presidential proclamation formalising the tariff-rate quota agreement on steel imports from the European Union. Through the end of 2023, 3.3 million tonnes of steel products will be allowed to enter the US from the EU tariff-free. Any shipments above this quantity will be subject to the 232

Number of European news reports: 12
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Steel industry news headlines and media reports from Europe.