Thyssenkrupp sees steel market deteriorating, M&A talks unaffected ...Thu, 19 Oct 2023 00:00:00 GMTThyssenkrupp TKAG.DE has seen conditions in the steel market deteriorate markedly, the chairman of the companys steel division said on Wednesday, but added efforts to partially sell the unit were unaffected for now. The German conglomerate said that previously optimistic earnings expectations in the steel market had been significantly dampened by a mix of economic weakness in Germany and other markets as well as higher raw materials and energy costs. At the same time, cheap Chinese steel
https://www.hellenicshippingnews.com/thyssenkrupp-sees-steel-market-deteriorating-ma-talks-unaffected-for-now/
Fives to supply galvanizing line to TerniumWed, 23 Aug 2023 14:05:00 GMTTernium, a manufacturer of flat and long steel products, has selected Fives to design and supply a galvanizing line for its plant in Pesquera,
https://www.thefabricator.com/thefabricator/news/finishing/fives-to-supply-galvanizing-line-to-ternium
Stahlmarkt-Consult questions subsidies for steel industry's energy ...Mon, 24 Jul 2023 00:00:00 GMTThe European steel industry is about to enter a long-term period of tax-payer-funded subsidisation, a mechanism that is highly questionable from an economic point of view, says German consultant Andreas Schneider. Last Thursday, the European Commission gave the green light for German public funding for thyssenkrupps tkH2Steel project to the tune of 2 billion
https://eurometal.net/stahlmarkt-consult-questions-subsidies-for-steel-industrys-energy-transition/
Tk Materials develops Automotive Circularity PlatformMon, 17 Jul 2023 00:00:00 GMTThyssenkrupp Materials Services is developing a digital platform to increase end-of-vehicle-life recycling and availability of valuable secondary materials that can be recovered from automobiles at the end of the consumer-use cycle. With its Automotive Circularity Platform (ACP), the company is seeking to digitalise the market for secondary materials recovered from end-of-life vehicles (ELVs). For
https://eurometal.net/tk-materials-develops-automotive-circularity-platform/
Knauf Interfer to source green steel from thyssenkruppThu, 15 Jun 2023 00:00:00 GMTKnauf Interfer and thyssenkrupp Steel Europe have signed an agreement for the purchase of CO2-reduced steels, Kallanish hears from the German steel distribution group. The agreement concerns the groups Knauf Interfer Stahl Service Centre, Knauf Interfer Cold Rollingand Knauf Interfer Automotive Blanks units. Starting this year already, thyssenkrupp Steel Europe plans to supply the units with
https://eurometal.net/knauf-interfer-to-source-green-steel-from-thyssenkrupp/
H2 Green Steel, Thyssenkrupp Nucera to develop Swedish electrolysis ...Tue, 23 May 2023 00:00:00 GMTSwedish low carbon steel developer H2 Green Steel and Thyssenkrupps electrolyzer business announced May 22 that they are to jointly build an electrolysis plant to provide hydrogen for green steel production at the formers Boden plant, in northern Sweden. The project will use alkaline water electrolysis technology to secure capacity of more than 700
https://eurometal.net/h2-green-steel-thyssenkrupp-nucera-to-develop-swedish-electrolysis-project/
Thyssenkrupp distribution profit falls as prices normaliseMon, 15 May 2023 00:00:00 GMTDespite tonnages rising slightly year-on-year, thyssenkrupp Materials Services saw xxx earnings drop due to normalised steel prices,Kallanishhears from the company. Order intake came to 3.9 billion ($4.2 billion), down from the record prior-year figure of 4.5 billion; revenue was virtually identical in both periods. The drop was even more obvious for earnings, with adjusted
https://eurometal.net/thyssenkrupp-distribution-profit-falls-as-prices-normalise/
Emirates Steel negotiates thyssenkrupp stake acquisition: reportsFri, 28 Apr 2023 00:00:00 GMTAbu Dhabi-based steelmaker Emirates Steel Arkan (ESA) is in talks to acquire a stake in German conglomerate thyssenkrupp AGs steel unit, with a formal bid expected in months, Bloomberg reports. No concrete developments are expected until after Miguel ngel Lpez Borrego takes over from the outgoing Martina Merz as thyssenkrupp chief executive on 1 June. ESA
https://eurometal.net/emirates-steel-negotiates-thyssenkrupp-stake-acquisition-reports/
Thyssenkrupps new CEO faces impossible task: selling steelThu, 27 Apr 2023 00:00:00 GMTThyssenkrupps TKAG.DE incoming chief executive faces the same task his three predecessors failed to get done: divesting its 200-year-old steel business on which the iconic German conglomerate was built. Just how tough it is became clear on Monday when Martina Merz threw in the towel and asked to terminate her CEO contract five years early, a consequence of growing opposition to a plan to hive off the groups steel division, Europes second-largest. The sudden move, which caused the groups
https://www.hellenicshippingnews.com/thyssenkrupps-new-ceo-faces-impossible-task-selling-steel/
Spaeter Group and Salzgitter sign green steel supply agreementWed, 26 Apr 2023 00:00:00 GMTGermanys Spaeter Group and steelmaker Salzgitter have entered into a partnering agreement for the delivery of green steel, the two companies said on April 25. Operating out of Duisburg, the Spaeter Group is one of Germanys largest family-owned steel traders with revenues of more than Eur2.1 billion in 2022. The Spaeter Group has secured
https://eurometal.net/spaeter-group-and-salzgitter-sign-green-steel-supply-agreement/
Tenaris to Increase its Participation in Usiminas Control GroupThu, 30 Mar 2023 00:33:00 GMTLUXEMBOURG , March 30, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that its Brazilian subsidiary Confab Industrial S.A. , together with its affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T group within
https://ir.tenaris.com/news-releases/news-release-details/tenaris-increase-its-participation-usiminas-control-group
Thyssenkrupp Materials tackles customers' Scope 3 emissionsFri, 24 Mar 2023 00:00:00 GMTThyssenkrupp Materials Services says it has started offering emission reduction certificates with which customers can offset emissions along their own production and value chains. The certificates, called Voluntary Carbon Credits (VCCs), are selected in accordance with careful criteria that must be reviewed and developed continuously, the company tells Kallanish. When selecting projects, the question
https://eurometal.net/thyssenkrupp-materials-tackles-customers-scope-3-emissions/
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