Knauf Interfer appoints new CEO
After almost ten years in the post, Knauf Interfer chief executive Matthias Kessel-Knauf is handing over to Carsten G. Gast, currently chief financial officer, Kallanish hears from the German distribution group. Kessel-Knauf will now become chairman of the supervisory board. In this function, he succeeds his father, Albrecht Knauf, who is retiring. In a note, Kessel-Knauf highlights
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Extension of US Section 232 exemption for Ukrainian steel likely to help EU exporters
The United States has extended the suspension of Section 232 tariffs on Ukraine-origin steel – a move that is likely to also be beneficial for European steel exporters, sources told Fastmarkets.On Wednesday May 31 2023, the US Department of Commerce confirmed that it has extended the temporary suspension of tariffs on Ukrainian steel for another
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Import offers pressure northwest European plate prices
European plate buyers are seeing increased low-priced imports coming in from overseas in comparison to a couple of months ago. According to a Dutch buyer, “Asian offers have come down by €100/tonne ($107) lately, and I hear of base prices at around €780/t now, [for S355, in euro].” A German buyer is not so sure,
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Outokumpu launches circular economy scrap supplier-consumer cooperation platform
Outokumpu is launching a new initiative called Outokumpu Inner Circle, to bring together stainless steel scrap suppliers and consumers in order to strengthen the circular economy process, it says. “The Inner Circle initiative will bring transparency to supply chains and smoothen the path from stainless steel to usable scrap, and from scrap to ever more
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Voortman Steel Machinery acquires Müller Opladen
Voortman Steel Machinery, an international manufacturer of CNC steel processing machines, has acquired Müller Opladen, a leading German manufacturer of pipe processing machines. This acquisition expands Voortman’s product portfolio, adding profile cutting machines for steel pipes, pressure vessels, and structural steel. Voortman is a high-end manufacturer of steel processing machinery and innovative software solutions for over
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NEWS
- European HRC buyers cautious, unconvinced that price floor has been reached June 7, 2023
- Sarralle to upgrade ArcelorMittal Belval plant June 7, 2023
- Galloo partners with Stellantis for vehicles recycling June 7, 2023
- Belgian court postpones Liberty Liège bankruptcy ruling June 7, 2023
- Italian welded tube demand seen resurfacing in mid-June June 7, 2023
- French construction sentiment plummets June 6, 2023
- German residential construction to fall in 2023 June 6, 2023
- SSAB, Fortum explore hydrogen-reduced sponge iron June 6, 2023
- Marcegagalia adapts specialty steel products price list June 6, 2023
- Apparent demand for HRC remains low across Europe; prices likely to drop further June 6, 2023
- Low service center stocks pressure declining US HRC prices June 6, 2023
- EC applies safeguards to all-origin auto-grade HDG June 6, 2023
- US contractor implements autonomous rebar-tying June 6, 2023
- EU confirms safeguard measures for another year June 6, 2023
- EU will extend safeguards for one year June 6, 2023
- Stainless coil demand seen returning in September June 5, 2023
- Austrian rebar prices fall, bottom seen close June 5, 2023
- Çolakoğlu expects July HSM commissioning amid Asian competition June 5, 2023
- SSAB lines up $580m Oxelösund investments June 5, 2023
- Metinvest eyes Europe DRI supply opportunity June 5, 2023
- Knauf Interfer appoints new CEO June 5, 2023
- Extension of US Section 232 exemption for Ukrainian steel likely to help EU exporters June 5, 2023
- European steel hollow sections market falls further on weak demand June 2, 2023
- Lull persists in European CRC, HDG markets June 2, 2023
- Bearish sentiment inhibits trading in Northern European rebar market June 2, 2023
- Low demand likely to drive EU HRC prices down further June 2, 2023
- German steel prices, output to decline in June; inventories stable June 2, 2023
- H2 Green Steel’s project in Sweden gets full slate of go-ahead permits June 2, 2023
- Germany, EU join forces on green hydrogen funding June 2, 2023
- Megasider commissions Sarralle’s new billet conveyor June 2, 2023
- Spanish rebar stabilises, demand uncertain before snap election June 2, 2023
- Italian plate activity goes quiet June 2, 2023
- Import offers pressure northwest European plate prices June 2, 2023
- Outokumpu launches circular economy scrap supplier-consumer cooperation platform June 2, 2023
- German mills decrease HRC offers, Italian prices slide June 1, 2023
- Austria’s steel production falls in April June 1, 2023
- UK extends Ukraine HR flats tariff exemption June 1, 2023
- Plug Power’s green hydrogen plant to supply steelworks June 1, 2023
- Bekaert sees uncertain wire market ahead June 1, 2023
- European HRC prices expected to sink lower in June, sources say June 1, 2023
- Trading remains dull in European HRC market, buyers wait for price to hit floor June 1, 2023
- Voortman Steel Machinery acquires Müller Opladen June 1, 2023
- Europe longs: Mills cut prices to spur sales June 1, 2023
- Turkish exporters demand competitive exchange rates from new Erdogan government May 31, 2023
- Sweden’s Port of Lulea to become H2 Green Steel’s primary hub May 31, 2023
- Bowim deliveries grow, profit plummets in first quarter May 31, 2023
- Italian exports fall, China-origin imports surge in 2022 May 31, 2023
- German construction outlook deteriorates after already weak quarter May 31, 2023
- Revista InfoAcero Mayo 2023 May 31, 2023
- Stahl-Holding-Saar sees ‘toughest time’ ahead for its German steel mills May 30, 2023
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Latest News
- European HRC buyers cautious, unconvinced that price floor has been reached
- Sarralle to upgrade ArcelorMittal Belval plant
- Galloo partners with Stellantis for vehicles recycling
- Belgian court postpones Liberty Liège bankruptcy ruling
- Italian welded tube demand seen resurfacing in mid-June
- French construction sentiment plummets
- German residential construction to fall in 2023
- SSAB, Fortum explore hydrogen-reduced sponge iron