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Tata Steel may shut down UK hot strip mill

Union sources said the plan would cost 3,000 jobs...

Spanish steelmaker Acerinox's net profit halved due to weak steel market

Weaker demand in Europe this year due to economic uncertainty and higher interest rates has weighed on steel company earnings, which hit record...

The Chinese steel lobby intends to seek the reversal of new EU environmental initiatives

China steel association CISA says the EU carbon tax is a new trade barrier and calls for further negotiations....

Europe's steel sector faces recession in 2024

War, an unresolved energy crisis, high inflation and tightening economic conditions have created uncertain prospects for the European steel...

European steel producers are trying to make money from British Steel's problems

ArcelorMittal yesterday announced a price hike of £30 a tonne based on higher costs after British Steel told customers it was demanding £20 a tonne...

EU-US steel and aluminum talks: $10 billion deadlock

Failure of the parties to reach an agreement by October 31 will mean that $10 billion in export tariffs between the EU and the US will automatically...

Natural gas prices in Europe exceeded €50/MWh for the first time since April

Due to military operations in Israel, the Tamar field, from which gas flowed to Egypt and had to be used, was closed for further LNG production and...

Thyssenkrupp Aerospace and Boeing have extended their long-term partnership

Thyssenkrupp Aerospace and The Boeing Company have signed a new contract, continuing a partnership that has existed since 1998. Under the agreement,...

Europe's largest copper producer robbed - losses could amount to hundreds of millions of euros

Aurubis AG has found discrepancies in stock and delivery figures for the German copper processing division. The case is handled by the German...

European stainless steel makers move to US amid falling EU profits

As a result of recent events in the markets of Europe and the US, the difference in prices for stainless steel exceeded $1,350 per ton in favor of...

EU investigates stainless steel exports from Indonesia

The European Commission has launched an anti-circumvention investigation into imports of cold rolled stainless steel flat products of Indonesian...

European steel market to be opened for imports - Salzgitter

Last year, the European Commission extended protective measures in the steel market in the form of import quotas for one year from June 2023, but now...

The European Commission approved the financing of the ThyssenKrupp project "tkH2Steel" for 2 billion euros

This is an important step for industrial climate protection in Europe, with annual savings of up to 3.5 million tons of CO2 eventually. Commissioning...

New passenger car market in the EU continues to grow, but still lags behind pre-pandemic levels

The largest share of the European car market is still occupied by gasoline cars - 36.5 percent. Nevertheless, electric vehicles are occupying an...

European prices for stainless steel products are about to touch the bottom - MEPS

As Europe's summer holidays begin, market participants believe that stainless steel prices are approaching the low end of the current cycle....

In the European Union, activity at metallurgical plants has sharply decreased: data from space observation

Using satellite data, analysts have concluded that activity at steel mills in Europe has plummeted....

Norway plans to extract millions of tons of metals from the bottom of the Greenland and Norwegian seas

Oslo wants to start underwater metal mining in an offshore area the size of Germany, where it is estimated that 38 million tons of copper may occur,...

Rinat Akhmetov is ready to join the EU Green Deal and is looking for opportunities to expand business in Europe

The metallurgical holding of the richest businessman in Ukraine is ready to join the "green" transition of Europe as part of the...

Ukrzaliznytsia denied reports about the suspension of iron ore transportation in the direction of the Czech Republic

The national railway operator of Ukraine was forced to come out with a refutation of reports about the alleged blocking of shipments of metallurgical...

Thyssenkrupp's steel business in Europe continues to make big losses

Thyssenkrupp Steel Europe posted an adjusted operating loss of €14 million for the quarter, compared to a profit of €479 million in the same period...

International Renewable Energy Agency and thyssenkrupp sign partnership agreement

The new partnership aims to help improve the production and delivery of green hydrogen throughout the value chain....

Czech metallurgical plant in Ostrava faces shutdown due to "difficulties in the market"

Since the beginning of April, prices for hot rolled coil in the northwestern part of the EU have fallen by almost 20 euros per tonne, while the...

Price expectations of steel producers in the EU are not supported by the market - MEPS

Since December last year, European flat steel producers have successfully implemented regular price increases. Unattractive import offers have...

EU stainless steel sector faces lower demand and prices

Hopes for a recovery in the European stainless steel market in the second quarter are fading. Retailers and distributors in the region are reporting...

The head of ThyssenKrupp is determined to withdraw the steel business from the concern - der Spiegel

Germany's largest industrial group put the spin-off idea on hold last year after unsuccessful attempts to register, sell or find a merger partner for...

In the EU, the demand for new cars continues to grow, especially for electric ones.

The share of electric vehicles in the European market for new passenger cars increased to 12.1% or 97,300 cars....

Voestalpine invests 1.5 billion euros in low CO2 steel production

The Austrian steel company says it has received a pre-order for 100,000 tons of new steel and is ready to start a major upgrade at Linz and Donawitz....

Eurofer expects EU steel demand to fall 4.6% in 2022 and 1.6% in 2023

Some recovery in steel demand in the European Union is expected no earlier than 2024, subject to the end of the war in Ukraine and the alignment of...

EU Green Deal should encourage investment in mild steel projects: Eurofer

The Association of European Steel Producers estimated total operating costs at 53 billion euros, adding that mild steel needed a level playing field...

European stainless steel producers ready to raise prices

EU steel mills are aiming for higher prices despite a slow start to 2023. Demand for stainless steel in Europe in the first few weeks of the new year...

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