European Steel Industry News

EU distributors see Q1 shipments fall: EUROMETAL
Wed, 22 May 2019 00:00:00 GMT
Steel shipments from European service centers and stockholders fell in the first quarter versus the same period last year, EUROMETAL, the European Federation of Steel, Tubes and Metals Distribution & Trade, said on Monday. In Q1 shipments by European flats stockists and distributors continued their negative trend of late last year and dropped by


MMK improves its supply chain
Wed, 22 May 2019 00:00:00 GMT
PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three


The little town that explains why there can be no old normal ...
Sun, 19 May 2019 07:08:00 GMT
And Samarco, in turn, is the 100 per cent owner of the fatal precursor to the Brumadinho catastrophe, the Fundao dam. It was part of the Germano complex, a set of three dams that supported the


Thyssenkrupp shares rise on hopes of deal with Finland's Kone
Thu, 16 May 2019 09:22:01 GMT
BERLIN Reuters - Shares in Thyssenkrupp (DE:TKAG) rose as much as 7.2% on Thursday after Reuters - reported Finnish company Kone is assessing the viability of a bid for the German


Tata Steel will continue to explore various business options ...
Wed, 15 May 2019 00:00:00 GMT
The company's aim is to make European business stronger for which it will continue to explore various business options including merger, Tata Steel Managing Director T V Narendran


'Tata Steel's India performance to largely offset Thyssen JV'
Tue, 14 May 2019 00:00:00 GMT
Tata Steel Group CFO Koushik Chatterjee spoke to ET about the impact of the stalled joint venture in Europe and on Tata Steel's more profitable operations in


Tk-Tata merger failure surprises many but not all
Mon, 13 May 2019 00:00:00 GMT
Fridays news that thyssenkrupp and Tata Steel have seen their steel merger fail due to the European Commissions continued objections came as a surprise to many, but not to everyone. In their statements (see related article), the companies note that they have offered a comprehensive package of remedies covering all the areas of concern


Tata Steel says EU not likely to ok Thyssenkrupp JV
Fri, 10 May 2019 11:22:03 GMT
BENGALURU Reuters - Tata Steel on Friday said that the European Commission does not intend to clear its proposed joint venture with Germany's Thyssenkrupp (DE:TKAG). The two companies


Feedback from European Commission (the Commission) on the proposed ...
Fri, 10 May 2019 00:00:00 GMT
Feedback from European Commission on the proposed steel joint venture between thyssenkrupp and Tata Steel in Europe


ArcelorMittal remains pessimistic about 2019 European steel demand
Fri, 10 May 2019 00:00:00 GMT
ArcelorMittal expects European steel demand to move down by a maximum of -1% this year, compared with 2018,Kallanishlearns from the companys presentation presented in its latest financial results. The outlook is somewhat more negative that those issuedby the World Steel Association (+0.3% year-on-year) and Eurofer (-0.4% y-o-y). The company posted stable sales in Europe


Tata Steel unveils fully sustainable storage facility in IJmuiden
Tue, 07 May 2019 00:00:00 GMT
Air-curtains to prevent heat loss, automated loading bays and energy-recovering cranes are just some of the innovations housed in Tata Steels new steel coil storage facility in IJmuiden, the Netherlands, designed to be the most sustainable yet. The official opening of the new, ultra-modern storage facility for steel coils take place on Wednesday 8


ArcelorMittal to temporarily reduce European primary flat steel ...
Mon, 06 May 2019 00:00:00 GMT
The company announces its intention to temporarily idle production at its steel making facilities in Krakow, Poland, and reduce production in Asturias,


British Steel to acquire Ascoval in mid-May
Fri, 03 May 2019 00:00:00 GMT
A French court in Strasbourg has determined that British Steel can acquire the troubled French EAF-based steelmaking plant of Ascoval in Saint-Saulve, northern France. The takeover is expected to be finalised in mid-May,Kallanishlearns from a statement bythe court. The takeover brings to an end the uncertainty over the future of the plant after former


Automotive downturn challenges distributors, quotas irrelevant: ...
Mon, 29 Apr 2019 00:00:00 GMT
EU distributors have access to sufficient material despite safeguard quotas, but business is being challenged by the downturn in the regional automotive industry, says new EUROMETAL director general Daniel Guinabert. Initial fears over material shortage on account of quotas have not materialised, as European steel demand has declined compared to 2018. Steel service centres


EUROMETAL Meeting Central Europe debated CEE steel supply chains ...
Fri, 26 Apr 2019 00:00:00 GMT
EUROMETAL Regional Meeting Central Europe was convened in Prague on 24-25 April 2019. The meeting was hosted by FERONA, which celebrates this year its 190th anniversary. Ferona is a main regional steel stockist and SSC operating in Czech Republic, Slovakia and Poland. The meeting was moderated by Daniel Guinabert, who took office as new


Number of news reports: 15