German SSC Flachstahl Werl gets new slitting line
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German SSC Flachstahl Werl gets new slitting line

Published: 23 Aug 2019

Fagor Arrasate has supplied German steel service centre Flachstahl Werl with its third slitting line with coil banding, Kallanish learns from the supplier company. The new equipment provides the user with the most demanding standards of surface quality, and allows for working with delicate materials of thicknesses from 0.3-6mm, Fagor Arrasate claims. It allows Flachstahl Werl to

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Insight: EU revision on HRC quota to hit Turkish exports

Published: 23 Aug 2019

The European Commission’s proposed revisions on the global HRC safeguard quota could hit Turkish mills’ HRC exports to the region significantly, especially next year, as Turkey is one of the main countries benefiting from the quota. According to the EC’s revision plan, any one country can alone supply up to a maximum of 30% of

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EU HRC: Mills still hunting for orders

Published: 23 Aug 2019

The northwest European hot-rolled coil (HRC) market continued to slip today, with some domestic sellers keen to move tonnes because of sluggish demand and a drop in orders from their own service centres. Argus‘ daily northwest Europe HRC index fell by €2.50/t to €464.50/t ex-works, its lowest since launching on 12 November last year. The

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EU HRC: German weakness weighs in the north

Published: 22 Aug 2019

The northwest European hot-rolled coil (HRC) market came under more pressure today, despite ArcelorMittal’s announced price increase, as a German seller offered at aggressive levels to move tonnes ahead of the end of its financial year. Prices in Germany were heard at €460/t ex-works and below from one supplier, while an Italian seller recently achieved

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European Commission approves KKR acquisition of Gallardo Balboa

Published: 22 Aug 2019

The European Commission (EC) has approved the acquisition of majority control in Spanish steelmaking group Gallardo Balboa by American investment fund Kohlberg Kravis Roberts (KKR). “The Commission concluded that the proposed transaction would raise no competition concerns given the minimal horizontal overlaps and vertical links between the activities of the companies,” the EC says. The

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