China’s Cedar completes purchase of UK-based steel trader Stemcor
Cedar Holdings Group Co, a China-based privately owned commodities business, has completed acquisition of Stemcor Global Holdings, a privately held, independent UK-based steel trading and distribution company, Stemcor said June 30. Conclusion of the deal, for an undisclosed sum, follows the signing of a sale and purchase accord between the parties in January at the
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Weekly US steel mill capability utilization rises above 55%
US raw steel capability utilization continued to rise last week, increasing to 55.4% from 54.6% the previous week, according to data released by the American Iron and Steel Institute on June 29. Raw steel capability utilization has not been above 55% since the week ended April 25 and has been steadily increasing since the week
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Spanish automotive industry slowly recovers in May
The Spanish automotive sector showed some recovery on-month in May after the Covid-19 outbreak hit its performance, Kallanish learns from monthly data issued by the local Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac). “The reactivation of the Spanish factories during the month allowed an improvement with respect to the figures registered during April, a period during
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Tata Steel European operations perform at 70% capacity
Tata Steel’s European assets are currently operating at 70% of their capacity, according to a statement published by the company during its latest financial group release, Kallanish notes The company confirm that demand in Europe remains a concern. “Key steel consuming sectors such as automotive and construction sector continue to be adversely affected, though demand for packaging
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ArcelorMittal Italia talks with government look optimistic
The Italian government is working on defining the size of the public investment to help ArcelorMittal relaunch former local steelmaker Ilva, Kallanish learns from a statement issued by Prime Minister Giuseppe Conte. ArcelorMittal has in recent weeks become more inclined to negotiate to keep its Italian investment. Conte says the government intends to implement the agreement signed
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NEWS
- China’s Cedar completes purchase of UK-based steel trader Stemcor July 1, 2020
- Weekly US steel mill capability utilization rises above 55% July 1, 2020
- Spanish automotive industry slowly recovers in May July 1, 2020
- Tata Steel European operations perform at 70% capacity July 1, 2020
- ArcelorMittal Italia talks with government look optimistic July 1, 2020
- EU safeguard system changes come into effect July 1, 2020
- Adjusted EU Steel Safeguard Measures June 30, 2020
- Tata Steel IJmuiden workers restart strike after pause June 30, 2020
- Four show interest to acquire AST June 30, 2020
- Turkey adding more duties to over 400 products, steel included June 30, 2020
- Revista Infoacero Junio 2020 June 30, 2020
- Bau der neuen Produktionsstätte geht gut voran June 29, 2020
- Leichter Optimismus im europäischen Stahlmarkt June 29, 2020
- Geteilte Meinung zu Stahlsicherungsmaßnahmen June 29, 2020
- UK Steel eyes EU-UK safeguard exemption after Brexit June 29, 2020
- EU funds cushion construction slump, automotive hit: Bloomberg June 29, 2020
- EU passenger car registrations to plunge this year June 26, 2020
- Gallardo Balboa readies for acquisition by new owner June 26, 2020
- State investment seen critical for Czech construction recovery June 26, 2020
- Ukraine’s May steel output down 10% on year as ‘crisis’ continues June 26, 2020
- France mulls uniting Ascoval, Hayange under new owner June 25, 2020
- Klöckner performs better than feared in second quarter June 24, 2020
- Spain’s Almesa consolidates units June 24, 2020
- Germany’s Thyssenkrupp Materials starts scrap recycling business June 24, 2020
- Strikes continue to affect Tata Steel IJmuiden June 24, 2020
- May output falls despite continued Chinese growth June 23, 2020
- US Supreme Court rejects challenge to steel import tariffs June 23, 2020
- German flat steel stocks plummet in May: BDS June 23, 2020
- Trade falls steeply in first half of 2020 June 23, 2020
- EUROMETAL asks EU Commission to defend steel users, not only mills June 22, 2020
- Production halted at Tata Steel’s Dutch mill as workers stage protest June 22, 2020
- Turkish steel exports to EU fall by 1.2 million metric tons through May June 22, 2020
- Moscow steel prices bottom as demand rebounds from COVID-19 slump June 22, 2020
- Major Polish distributor delists June 19, 2020
- ArcelorMittal reiterates commitment to Ilva June 19, 2020
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Latest News
- China’s Cedar completes purchase of UK-based steel trader Stemcor
- Weekly US steel mill capability utilization rises above 55%
- Spanish automotive industry slowly recovers in May
- Tata Steel European operations perform at 70% capacity
- ArcelorMittal Italia talks with government look optimistic
- EU safeguard system changes come into effect
- Adjusted EU Steel Safeguard Measures
- Tata Steel IJmuiden workers restart strike after pause