Austrian steelmaker Voestalpine reported a 28 percent decline in first-quarter core profits on Wednesday, driven by a "sharp drop" in the...
Europe
Sort by:
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...
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...
Voestalpine AGM announces dividends of € 1.10
In addition, Wolfgang Eder handed over the chairmanship of the Voestalpine board to Herbert Eibensteiner....
EUROFER: problems threaten to erase the EU steel industry
The European steel industry faces growing imports and high environmental costs....
ArcelorMittal threatens to close Europe's largest steel mill
Lakshmi Mittala, which has received immunity from prosecution for environmental violations from Prime Minister Matteo Renzi, could be prosecuted if...
Ford plans massive staff cuts in Europe
12,000 workers will remain unemployed in Europe as a result of optimization of the American automaker Ford. The company also plans to completely...
An electric plane was presented for the first time in France
All-electric aircraft maker Eviation Aircraft has announced its first commercial customer, Cape Air, a Massachusetts-based regional airline that...
Lawyers cash in on Volkswagen's dieselgate for € 1.77 billion
Consultants and lawyers due to the scandal with the manipulation of data on emissions cost the car concern 1.77 billion euros. At the same time, the...
Finnish regulator positively evaluates uranium mining company Terrafame
Terrafame plans to mine uranium produced as a by-product of other metals and turn it into yellowcake....
France agrees to cut its stake in Renault to support Nissan deal
The French government welcomed the original merger plan, but replayed its line by insisting on a series of guarantees and concessions that...
