German car production catching up
October was the thirteenth month in succession in which production of passenger cars at German assembly lines was down year-on-year, Kallanish learns from automotive association VDA. From January through October, production totalled 2.8 million units, a massive -30% down on the first ten months of 2019. However, the gap has become noticeably narrower, with output in October
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ArcelorMittal, Italian state may be 50-50 partners
Kallanish understands from union sources that the Italian state and ArcelorMittal Italia will enter into a 50-50 partnership for the relaunch of the former Ilva. Local broadsheet Il Sole 24 Ore also reveals that after 2022 the government could become the majority stakeholder. The value of the equipment and the company’s debt in 2022 will determine
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Liberty-thyssenkrupp talks nearing due diligence – sources
The approach of Liberty Steel for thyssenkrupp’s steel division could take a step forward as soon as December. According to press reports, the two groups might agree to start a due diligence process – meaning Liberty will get exclusive insight into thyssenkrupp Steel’s records – next week. Bloomberg as well as Reuters are citing insider
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British Steel set to increase production, eyes UK infrastructure drive
UK-based integrated steelmaker British Steel is embarking on a recruitment drive to support increased production at its operations in Scunthorpe and Teesside, the company said Nov. 26. The company, with a crude steel capacity of about 3 million mt/year gave no tonnage details on the production boost. However, it had said in September that it
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Liberty Liege-Dudelange supply disruption causing steel shipment delays
The Liberty Steel Group is experiencing supply disruption at its Liege and Dudelange mill sites in Belgium, affecting shipments to customers, Liberty confirmed to S&P Global Platts Nov 26. “Continuing COVID-19 and commercial related supply disruptions have temporarily impacted shipments from Liberty Liège-Dudelange,” a Liberty spokesperson said. “We apologise to any customers impacted by this
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NEWS
- German car production catching up November 27, 2020
- ArcelorMittal, Italian state may be 50-50 partners November 27, 2020
- Liberty-thyssenkrupp talks nearing due diligence – sources November 27, 2020
- British Steel set to increase production, eyes UK infrastructure drive November 27, 2020
- Liberty Liege-Dudelange supply disruption causing steel shipment delays November 27, 2020
- German fabricators catch up on production November 27, 2020
- UK car production down 18.2% year-on-year in October: SMMT November 27, 2020
- UK needs separate Turkish HRC anti-dumping probe: sources November 26, 2020
- EU carbon tax to cost Russian steelmakers $800m November 25, 2020
- Global steel production recovery gains momentum in October November 25, 2020
- Japan’s Oct crude steel output rises for 4th month as demand recovery continues November 25, 2020
- ArcelorMittal, Italian government in partnership for a green Ilva November 25, 2020
- Rebar helps German stockists through the year November 24, 2020
- German railway operator invests in cars for ArcelorMittal November 24, 2020
- Bekaert sees significant demand recovery November 24, 2020
- ArcelorMittal seeks partner for Industeel November 24, 2020
- German crude steel output in Oct higher on year for first time since Feb November 24, 2020
- Spanish automotive production falls, exports rise in October November 24, 2020
- EC sees trade retaliation risk as ‘key challenge’ to carbon border tax plan: EUROMETAL Webinar November 23, 2020
- EC likely to soften steel imports safeguards mid-2021: lawyer November 23, 2020
- Köhler replaces Hartmann as Saarland mills’ chief November 23, 2020
- EU market eyes future trade clarity next June November 23, 2020
- Carbon capture project to slash Tata IJmuiden emissions November 23, 2020
- EUROMETAL: il Carbon Border Adjustment Mechanism verso il varo November 23, 2020
- 125 participants at EUROMETAL Steel Trade Webinar November 23, 2020
- Thyssenkrupp targets expansion of US distribution activities November 20, 2020
- European scrap prices seen increasing significantly November 20, 2020
- IndustriALL calls for new EU steel action plan November 20, 2020
- Thyssenkrupp continues to seek buyer for plate mill November 20, 2020
- Italian government confirms plan for majority Ilva stake November 20, 2020
- Germany’s Thyssenkrupp shuts plate mill, keeps M&A options open until 2021 November 20, 2020
- Thyssenkrupp plate mill sale fails, faces closure: reports November 19, 2020
- EU car registrations slip 7.8% in October as renewed coronavirus restrictions hit November 19, 2020
- Thyssenkrupp chief extols steel division, ponders German alliance November 18, 2020
- German recyclers want to keep scrap within EU November 18, 2020
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Latest News
- German car production catching up
- ArcelorMittal, Italian state may be 50-50 partners
- Liberty-thyssenkrupp talks nearing due diligence – sources
- British Steel set to increase production, eyes UK infrastructure drive
- Liberty Liege-Dudelange supply disruption causing steel shipment delays
- German fabricators catch up on production
- UK car production down 18.2% year-on-year in October: SMMT
- UK needs separate Turkish HRC anti-dumping probe: sources