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Voestalpine discontinues business activities of Camtec GmbH at ...
steel vai
Tue, 10 Sep 2024 00:00:00 GMT
The Steel Division of the voestalpine Group will be withdrawing from the business of cam units and sliding elements at the Linz site, and will gradually discontinue the business activities of its company voestalpine Camtec GmbH in Linz by the end of the 2025/26 business year (March 31, 2026). Most recently, revenue totaled EUR12 million (BY 2023/24). The 53 employees affected have the opportunity to transfer to other voestalpine business units in Linz. The employees will be supported

https://www.voestalpine.com/group/en/media/press-releases/2024-09-10-voestalpine-discontinues-business-activities-of-camtec-gmbh-at-the-linz-site/

Primetals Press Release
metals primetals
Tue, 10 Sep 2024 00:00:00 GMT
Primetals Technologies Launches the Latest in High-Definition Flatness Correction for the Rolling Industry

https://www.primetals.com/press-media/news/primetals-technologies-launches-the-latest-in-high-definition-flatness-correction-for-the-rolling-industry

Iron ore snaps six-day losing streak on hopes of China stimulus
iron ore market singapore
Tue, 10 Sep 2024 00:00:00 GMT
Iron ore futures prices rose on Monday after six days of losses, as hopes of fresh stimulus from top consumer China following a batch of tepid economic data lifted market sentiment. The most-traded January iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 0.44% higher at 685 yuan ($96.35) a metric ton. Earlier in the session, the contract had fallen as low as 662.0 yuan, its weakest since Aug. 21, 2023. The benchmark October iron ore SZZFV4 on the Singapore

https://www.hellenicshippingnews.com/iron-ore-snaps-six-day-losing-streak-on-hopes-of-china-stimulus/

https://eurometal.net/tata-partners-with-czech-service-centre-for-decarbonisation/

New Danieli Centro Tube ERW tube mills in Mexico
danieli investment mexico tube
Sun, 08 Sep 2024 10:01:55 GMT
Achv Aceros has awarded Danieli Centro Tubes a contract for two modern ERW tube mills for its new facilities in Monterrey,

https://www.danieli.com/en/news-media/news/new-danieli-centro-tube-erw-tube-mills-mexico_37_914.htm

U.S. fears Nippon Steel's bid for U.S. Steel could hit vital ...
nippon steel trade usa
Fri, 06 Sep 2024 00:00:00 GMT
The U.S. government is concerned that U.S. Steel would be less likely to seek tariffs on foreign steel importers if it is under the ownership of the Japanese

https://www.japantimes.co.jp/business/2024/09/06/companies/nippon-steel-security-risks/

Meet the FXE line of lift magnets
Thu, 05 Sep 2024 09:28:00 GMT
The FXE line of lift magnets allows the operator to pick up ferrous metal sheets/parts and safely release them with the push of a button. They're ideal for lifting applications that require fast cycle times More

https://www.thefabricator.com/thefabricator/video/materialshandling/meet-the-fxe-line-of-lift-magnets

Steel buyers urge government to 'unlock' green investment in ...
ghg investment steel
Thu, 05 Sep 2024 00:00:00 GMT
Members of Climate Group's SteelZero initiative call on government to include plans for lower emission steel supplies in promised Industrial

https://www.businessgreen.com/news/4354535/steel-buyers-urge-government-unlock-green-investment-low-carbon-supplies

Goyal suggests talks on carbon tax issue with top steel industry ...
ghg steel
Thu, 05 Sep 2024 00:00:00 GMT
Commerce and Industry Minister Piyush Goyal on Thursday suggested discussions on carbon border adjustment tax with top steel industry leaders to

https://www.business-standard.com/industry/news/goyal-suggests-talks-on-carbon-tax-issue-with-top-steel-industry-leaders-124090500446_1.html

Petrobras and CSN Signs Deal to Supply Natural Gas in Rio
csn steel
Wed, 04 Sep 2024 12:55:00 GMT
Petrobras and CSN have entered into a significan't contract to supply natural gas to CSN's steel plant in Rio de Janeiro (RJ).

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/petrobras-and-csn-signs-deal-to-supply-natural-gas-in-rio-30102

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Europe Announcements

Tata partners with Czech service centre for decarbonisation
czechia ghg steel tata
Tue, 10 Sep 2024 00:00:00 GMT
Tata Steel Nederland says it has signed a memorandum of understanding on decarbonisation with Czech...

Gunnar Groebler new president of Wirtschaftsvereinigung Stahl ...
germany salzgitter steel
Tue, 10 Sep 2024 00:00:00 GMT
The German Steel Federation (WV Stahl) has elected Gunnar Groebler, CEO of Salzgitter AG, as its new...

Euroports Backs Hydnums Green Steel Export Initiative
europe ghg steel trade
Tue, 03 Sep 2024 00:00:00 GMT
Sep 03, 2024 Euroports backs Hydnums green steel export initiative Hydnum Steel and Euroports are aiming to create an integrated logistics system in Europe to... View

Asia Pacific Media Releases

Iron ore tumbles below $90 as China gloom deepens
china iron ore market
Tue, 10 Sep 2024 00:00:00 GMT
Iron ore is one of the worst-performing commodities so far this year, with prices now down about 33% year-to-date and sinking below $90 for the first time since 2022. We believe price risks are increasingly skewed to the downside for the industrial metal as the outlook in China, the biggest buyer, continues to deteriorate. China gloom deepens Iron ore is among the most vulnerable to Chinas slowdown risks as the countrys property market constitutes the bulk of steel demand. Looking ahead to

Iron ore snaps six-day losing streak on hopes of China stimulus
iron ore market singapore
Tue, 10 Sep 2024 00:00:00 GMT
Iron ore futures prices rose on Monday after six days of losses, as hopes of fresh stimulus from top consumer China following a batch of tepid economic data lifted market sentiment. The most-traded January iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 0.44% higher at 685 yuan ($96.35) a metric ton. Earlier in the session, the contract had fallen as low as 662.0 yuan, its weakest since Aug. 21, 2023. The benchmark October iron ore SZZFV4 on the Singapore

U.S. fears Nippon Steel's bid for U.S. Steel could hit vital ...
nippon steel trade usa
Fri, 06 Sep 2024 00:00:00 GMT
The U.S. government is concerned that U.S. Steel would be less likely to seek tariffs on foreign steel importers if it is under the ownership of the Japanese

North America Industry Headlines

China steel woes will recast miners M&A desires
bhp china results steel
Mon, 02 Sep 2024 00:00:00 GMT
Mike Henry sure likes to downplay his acquisitive tendencies. While unveiling results for the year to the end of June on Tuesday, the BHP BHP.AX boss declared that his $47 billion tilt for Anglo American AAL.L earlier this year wasnt Plan A for us. Instead, organic growth is. That may just be sour grapes after his overtures to his rival failed. But the growing steel crisis in China makes such deals ever-more appealing. The Peoples Republic accounts for around half of the two billion tons

Rio Tinto IOC clbre ses 70 ans dans la fosse du Labrador
canada production rio
Fri, 30 Aug 2024 00:00:00 GMT
Sept-les, CANADA La Compagnie minire IOC de Rio Tinto (IOC) clbre son 70e anniversaire, marquant sept dcennies en tant que producteur et fournisseur nord-amricain de premier plan de concentr et de boulettes de minerai de fer de haute qualit. Tout au long de son histoire, IOC sest distingue par sa production responsable de minerai de fer, contribuant de manire significative

Rio Tinto IOC celebrates 70 years in the Labrador Trough
canada iron ore production rio
Fri, 30 Aug 2024 00:00:00 GMT
SEPT-LES, Canada--(BUSINESS WIRE)-- Rio Tintos Iron Ore Company of Canada (IOC) is celebrating its 70th anniversary, marking seven decades as a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate. Over its history, IOC has been a pioneer in responsible iron ore production, making substantial contributions to the economy and local communities.

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