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French railroad workers bought a "daughter" of the bankrupt British Steel

The transaction will not affect the proposed sale of the remaining British Steel group to the preferred buyer Ataer Holdings, an affiliate of the...

Germany's largest steelmaker sues European Commission

Thyssenkrupp believes that the European Commission's decision to block the merger of its steel assets in Europe with Tata Steel was illegal....

Russian metal rolling in Europe can be bought online with delivery in 3 days

Russian metallurgical giants Severstal and NLMK Group plan to enter the European e-commerce market....

EU to cut annual liberalization of steel imports

Last week the European Commission (EC) proposed some adjustments to the existing safeguards for the import of steel products into Europe to the...

The new owner of British Steel will not "bother" with the number of staff

Ataer Holding, which signed an exclusive agreement to buy British steel company, which went bankrupt in May this year, could cut hundreds of jobs in...

UK Steel publishes its government requirements in a mini-manifesto

Metallurgists have put forward a number of requirements for Boris Johnson to breathe new life into the industry....

Liberty Steel claims to profit from smart IT

The UK's only profitable metals company uses cloud software from Infor and is very happy with it....

The owner of the Turkish Erdemir is ready to invest a billion pounds in the future of British Steel

Turkish military pension fund Ataer Holding plans to commit £ 900m to revive Britain's second largest steel producer, British Steel....

Voestalpine EBITDA Falls Amid Uncertain Macroeconomic Environment

Austrian steelmaker Voestalpine reported a 28 percent decline in first-quarter core profits on Wednesday, driven by a "sharp drop" in the...

British Steel lenders insist on plant closure

The main contender for the purchase of the bankrupt British Steel remains the Turkish company Erdemir, which carefully conceals its interest....

Outokumpu Warns of Falling Income Due to Soaring Imports from Asia

Europe's largest stainless steel producer demands decisive measures from the European Commission to reduce steel supplies from Asia....

ArcelorMittal head leaves for Bosnia to post bail for arrested brother

British billionaire, the main owner of the world's largest steel company, Lakshmi Mittal, headed to Bosnia, where on Tuesday this week the court...

Nord Stream 2 investors will sue the European Union

Nord Stream 2 AG has filed a lawsuit in a European Union court of general jurisdiction demanding to eliminate discrimination against investments in...

In Germany, outraged by the budget financing of the purchase of toxic gases

German energy company RWE has received EU funding to buy sulfur dioxide (SO2), the same toxic gas they emit when burning coal in their power plants....

ECB announced measures to revive the Eurozone economy

The base interest rate remains the same - 0.0 percent, the main European Central Bank decided. At the same time, the ECB is considering a number of...

German auto concern Daimler recorded a net loss in the second quarter

Less than two weeks ago, Daimler warned investors of lower profits, downgrading its financial outlook for 2019 for the second time....

ArcelorMittal owner Lakshmi Mittal Pramod's younger brother arrested in Bosnia

Pramod Mittal was arrested on Wednesday in Bosnia on suspicion of fraud and abuse of power. A search of the premises of a by-product coke plant is...

EUROFER: EU Steel Market in 2019. Overview and perspectives

The EU steel market is facing serious challenges that are expected to have a negative impact on apparent steel consumption. After the decline in the...

US Steel announces massive cuts in Slovakia

2,500 workers of the largest metallurgical plant in Slovakia, US Steel Kosice, which is the main supplier of rolled metal for Volkswagen, PSA...

Is the German auto industry preparing for a collapse?

The crisis in the global automotive industry begins to expand to Europe, the manufacturers of which will declare a deterioration in prospects and...

Ferrochromium prices fall as global stainless steel production declines

Ferrochromium prices in all regions have fallen to their lowest in the past two years due to falling demand amid a decline in stainless steel...

Liberty Steel cuts steel production in the Czech Republic by 20 percent

The British company Liberty Steel, having bought a steel complex in Ostrava, Czech Republic, from ArcelorMittal a couple of weeks ago, announced a...

Hurry to Buy: British Steel Bid Deadline Expires at Midnight

The official liquidator of Britain's second-largest steel company, which went bankrupt a month ago, hopes to sell the Scantrop plant and other...

Lookers British auto show fell 30 percent

British auto show Lookers spoke about its full-year profit on Friday, stating that trading was getting more difficult, leading to a 30% drop in the...

Germany doubled arms exports in the first half of 2019

Compared to the first half of 2018, Germany has more than doubled its arms exports - in total, contracts worth a total of 5.3 billion euros were...

European Commission downgrades euro area economic growth forecast for 2020

The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...

Indian KIOCL will sell iron ore pellets to Europe

The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...

British Steel buyer has not yet appeared

Despite the fact that the deadline for filing applications for the acquisition of the bankrupt steel mill British Steel ended last Sunday, the...

Jaguar expands production of electric vehicles in the UK

Jaguar will invest a multi-million dollar investment in the production of electric vehicles at the UK's Castle Bromwich plant in central England....

Voestalpine AGM announces dividends of € 1.10

In addition, Wolfgang Eder handed over the chairmanship of the Voestalpine board to Herbert Eibensteiner....

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