...
Europe
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...
Voestalpine Cuts Dividend by One-Fifth Due to Slower Economic Growth
Problems in the metallurgical sector in Europe are growing: the largest metallurgical company in Austria announced a cut in dividends after falling...
ArcelorMittal prepares to further cut steel production in Europe
The largest steel company in the world notes the weakness of the European steel market and the worsening economic situation in the EU heavy...
Renault, Nissan and Mitsubishi may discuss their merger in the future
Automakers Renault, Nissan and Mitsubishi may discuss a merger later in the future, French automaker CEO Jean-Dominique Senard said Saturday....
Will the UK government interfere with British Steel?
Many UK taxpayers believe the government could do more within the existing EU rules. However, the Prime Minister's resignation could prevent...
Voestalpine opens a cutting-edge research center for high-tech steels in Donavitz
The Metallurgical Division of the Voestalpine Group is the global market leader in railway infrastructure systems and associated signaling...
British Steel is on the brink of collapse: 25,000 jobs at risk
Financial problems could send the largest metallurgical enterprise in Great Britain under external control, and tens of thousands of workers to the...
EU steel imports growth declines sharply in Q1 2019
The beginning of 2019 was marked not only by a significant reduction in the growth of imports of foreign steel, but also by significant changes in...
Steel demand growth forecast in Europe up to 2020
Real steel consumption in the European Union increased by 0.5 percent YoY in the fourth quarter of 2018 to 41.1 million tonnes....
German Thyssenkrupp will look for new partners in the metallurgical business
The largest metallurgical company in Germany has abandoned plans to create a joint venture with India's Tata Steel in favor of developing its...
Norsk Hydro announced the amount of damages from cyber attacks
Norsk Hydro expects cyberattack mitigation costs in the first quarter to be around $ 52 million....
Voestalpine has started construction of the main building of the new steel plant in Kapfenberg
A year after the groundbreaking ceremony for the world's most modern special steel plant, construction work on a € 350 million project in...
The European Union finally made changes to the Gas Directive of the Third Energy Package
A directive adopted by the EU Council to extend European standards to offshore pipelines and, according to analysts, will complicate the...
Britain stops production of Jaguars
Jaguar Land Rover temporarily suspends production in the UK due to uncertainty over Brexit....
Money laundering scandal leads to resignation of Swedbank chairman
The bank's executive appointment committee is currently looking for candidates for the role of director and chairman of the board....
ArcelorMittal switches to hydrogen gas for pure steel production
The company is launching a new research project in Hamburg with an estimated cost of 65 million euros....
The creation of the largest European metallurgical enterprise will continue
India's Tata Steel says it supports the "industrial" logic of forming a joint venture with Germany's ThyssenKrupp....
Bekaert cuts over 200 jobs in Belgium
Belgian steel wire maker NV Bekaert said Thursday that it intends to close its steel fiber plant in Belgium, cutting 281 jobs as part of a...
Norsk Hydro continues to rebuild after a series of cyber attacks
The attack used a virus known as LockerGoga, a relatively new type of so-called ransomware that encrypts computer files and requires a fee to...
UK car production plummets 18 percent in January
UK car production fell 18.2 percent in January for the eighth straight month this year, mainly due to model changes and weaker demand in both the UK...
Swiss trader IMR buys steel mill in India
The Swiss commodity trading group IMR Metallurgical Resources AG recently bought the Tata Steel mines in South Africa and is now planning to acquire...
Agricultural "workers" made of steel
In February 2019, robotic berry pickers were tested at G&D Farms in Duette in Florida, America's largest strawberry supplier....
Recyclex turnover decreased in 2018
European non-ferrous scrap recycling firm Recyclex experienced a 19% decline in sales in 2018, to € 365 million....
EU launches anti-dumping investigation into Chinese imports of steel wheels
The European Commission has launched an investigation into whether Chinese manufacturers are dumping steel rims to Europe at prohibitively low...
Germany needs 260,000 skilled migrants every year
By 2060, the need for professional personnel from abroad will reach 260,000 people a year in Germany, the Bertelsmann Foundation predicts....
The Science Against Carbon Emissions: Large-Scale Research in the UK
The UK is committing £ 35 million to a seven-year research program to reduce carbon dioxide emissions from steel production....
German industrial production falls, raising risk of recession
German industrial production fell sharply for the fourth straight month in December 2018, statistics released Thursday showed, further signaling...
British metallurgy will lose about 5 percent of revenues annually due to Brexit
British steelmakers exported 2.6 million tonnes of steel products to the EU in 2017, accounting for about a third of total production....
Eurofer warns of slowdown in European steel market
At the end of 2018, the European economy began to decline and this served as a decrease in trade in the metal sales market....
