EU steel safeguard may move to country-by-country HRC
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EU steel safeguard may move to country-by-country HRC

Published: 24 Jun 2019

The EU’s definitive steel safeguard review is increasingly expected to lead to a country-by-country quota for product category one, hot-rolled coil (HRC), according to sources close to the European Commission. European steel association Eurofer has been a major proponent of switching HRC to a country-by-country quota, but there could also be a lobby of exporters

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German coil processors ask EU to expand quotas

Published: 24 Jun 2019

Two German coil processor interest groups have expressed their concern over efforts by the European Commission (EC) to reduce the quarterly import quotas. In a letter in mid-May, the Commission had announced that it will review the current quotas to see if they adequately reflect the market situation. Although the EC did not explicitly say

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Thyssenkrupp dismisses report of deal with Kloeckner

Published: 24 Jun 2019

Thyssenkrupp spokesmen dismissed as “rumors” Friday a magazine report that the German steelmaker had approached metals distributor Kloeckner & Co. about a possible takeover or link-up just a month after Thyssenkrupp’s bid to merge with Tata Steel Europe fell through. German business publication Manager Magazin reported Thursday that Thyssenkrupp was eyeing a takeover of Kloeckner, a move

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RWI: German economy is losing steam

Published: 24 Jun 2019

The RWI – Leibniz Institute for Economic Research is lowering its forecast for German economic growth slightly to 0.8 percent this year and 1.4 percent next year. The higher rate for 2020 is mainly due to significantly more working days. The unemployment rate will decline only slightly to 5 percent this year and 4.9 percent

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Two mills interested in buying Stahlwerk Thüringen: source

Published: 21 Jun 2019

Spanish long products producers Gallardo and Megasa are interested in buying German steelmaker Stahlwerk Thüringen (SWT), owned by Brazilian mill Companhia Siderúrgica Nacional (CSN), a source close to the deal told S&P Global Platts Thursday Megasa and Gallardo are reported each to have submitted an offer in the range of Eur300-350 million for the sections

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