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European Steel Industry News

UK business of Tata Steel continues to teeter on the brink
Mon, 02 Aug 2021 00:00:00 GMT
Tata Steel Europe (TSE) posted an operating profit in the fourth quarter (January-March) of fiscal 2021, after making losses for several quarters, due to the commodity boom. But in the UK, it is seen as dependent on funds from the government or the parent company, even as the Dutch unit is operating with more

Thyssenkrupp sells mining business
Fri, 30 Jul 2021 00:00:00 GMT
German industrial group Thyssenkrupp has sold its TK Mining business unit to Danish mining and cement technology provider FLSmidth, Thyssenkrupp said July 29. The closing of the deal, valued at Eur325 million ($386 million), is expected within the next 12 months and is now subject to competition authority approval. The divestment is part of

Europe HRC prices stabilize as market mulls possible capacity ...
Fri, 30 Jul 2021 00:00:00 GMT
The European hot-rolled coil market showed further price stability July 29 as buying activity became more muted because of full order books and expectations of greater capacity coming into the market from imports, sources told S&P Global Platts. Most buyers and distributors were waiting for material booked several months prior to be delivered, with

Floods hit German long products supply chain
Mon, 26 Jul 2021 00:00:00 GMT
The devastation caused by heavy rains along the eastern Ruhr are mainly impairing the supply chain of coil products typical for the region, with thyssenkrupp and at least two Hagen-based cold-rollers declaring force majeure. Hagen is also home to one primary steelworks of special bar qualities maker Deutsche Edelstahlwerke (DEW). The site was massively

Salzgitter adds tailored blanks equipment
Sun, 25 Jul 2021 00:00:00 GMT
Salzgitter has started operating a new stamping line for tailored blanks,Kallanishlearns from the German steelmaker. The addition required the construction of a new hall, which was carried out during the pandemic, the company underlines. The new facility was supplied by Schuler and can work coil of up to 35 tonnes in thicknesses of 0.5-3mm.

Wuppermann invests in Hungarian plant
Fri, 16 Jul 2021 00:00:00 GMT
German galvanizing and coil processing group Wuppermann has budgeted HUF 5.3 billion ($17 million) for the upgrade of its Hungarian plant near the port of Gyr-Gny. According to a spokeswoman, the money has been lined up for property-plant-equipment (PPE) investment. This involves new machinery, a capacity increase, development of processes, automation of storage and

EU HRC: Market contemplates flood damage
Fri, 16 Jul 2021 00:00:00 GMT
The northwest European hot-rolled coil (HRC) market was digesting the impact of devastating flooding today, particularly in the Hagen region of western Germany. Hagen, in North Rhine-Westphalia, was severely hit and is home to some of Germanys largest automotive-linked cold-rollers, as well as other service centres. A state of emergency has been declared, after

Price surges could stop German construction
Mon, 05 Jul 2021 00:00:00 GMT
The continuous increase in prices and shortages of steel are paralysing large parts of the construction industry in Germany and Austria, and threatening to bring a halt to the local boom of recent years. According to the most recent figures from German construction association Hauptverband der Deutschen Bauindustrie, order intake in April was 7%

Gupta turns to Glencore for finance
Sat, 03 Jul 2021 13:00:00 GMT
Sanjeev Gupta's GFG Alliance is again pursuing a deal with Glencore to refinance his European aluminium business, which includes Europe's largest aluminium smelter at Dunkirk. An agreement to forward-sell aluminium production to the commodities group could enable Gupta's embattled conglomerate to avoid selling its aluminium assets

Europe steel-raw materials spreads continue to rise in June ...
Fri, 02 Jul 2021 00:00:00 GMT
The European hot-rolled coil steel and raw materials price spread continued to rise in June, with higher spot coil pricing and new mill offers compensating rising last months rise in met coal, iron ore and scrap costs. The Northwest European HRC-steel raw materials spread increased to Eur761/mt ($913/mt) in June, from Eur716/mt in May,

British Steel offers new weathering steel sections
Fri, 02 Jul 2021 00:00:00 GMT
British Steel has started offering weathering steel structural sections for the construction market. The steel is produced at its Scunthorpe works and then rolled into sections at its Teesside Beam Mill. The steelmaker says weathering steel, thanks to its durability, is ideal for outdoor structures in exposed locations, including bridges, buildings and catenary gantries

Schwarze-Robitec delivers second tube and pipe bending machine ...
Thu, 01 Jul 2021 13:45:00 GMT
Norway-based Framo has taken delivery of a CNC 80 HD tube and pipe bender from Schwarze-Robitec, its second from the

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