Austrian steelmaker Voestalpine plans to cut 150 jobs at its seamless pipe plant in Kindberg. The company’s management cites US import restrictions...
Voestalpine to cut 150 jobs at Austrian plant over US tariffs
Voestalpine to cut 150 jobs at Austrian plant over US tariffs
Rebar prices hold steady in Italy, while Northern Europe assessment rises to €740 per tonne
Rebar prices hold steady in Italy, while Northern Europe assessment rises to €740 per tonne
In the week to November 11, rebar prices in Italy remained unchanged, with weak demand holding back deals despite rising producer costs. In Northern...
Mercedes-Benz tests low-carbon steel made from iron ore and hydrogen
Mercedes-Benz tests low-carbon steel made from iron ore and hydrogen
Mercedes-Benz and HyIron have agreed to continue testing a hydrogen-based ironmaking technology for steel production. The pilot project showed that...
Steel plate prices in Northern Europe rise to €860–885 per tonne amid supply shortages
Steel plate prices in Northern Europe rise to €860–885 per tonne amid supply shortages
Northern European producers have raised their offers for steel plate, while the weekly assessment of domestic prices climbed to €860–885 per tonne....
European steelmakers raise hot-rolled coil prices despite weak demand
European steelmakers raise hot-rolled coil prices despite weak demand
European hot-rolled coil producers are trying to raise prices even as end-user demand remains weak. In Italy, supply is further constrained by the...
US election raises risks of lower steel prices, but no immediate drop in sight
US election raises risks of lower steel prices, but no immediate drop in sight
Democratic victories in the US elections could eventually weaken steel demand amid possible restrictions on data center construction and lower energy...
