Bekaert takes financial action following pandemic impact
After a good start to 2020 with encouraging results, Belgium-headquartered steel wire specialist Bekaert is projecting significant impact from the Covid-19 pandemic in the second quarter of 2020, Kallanish learns from the company. In this context, and as part of other actions to mitigate as far as possible the impact of the pandemic on the financial position
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AST resumes production in Italy
Italian stainless steelmaker, Acciai Speciali Terni (AST), is restarting production after having received authorisation to do so from local authorities. This follows the stoppage linked to the coronavirus emergency in the country and workers’ strikes to force the shutdown. Ceo Massimiliano Burelli requested the authorisation to resume work to be able to produce and ship
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UK construction activity falls off cliff in March
The UK construction sector saw rapid falls in both output and new work in March, according to the latest IHS Markit/Chartered Institute of Purchasing and Supply (CIPS) survey monitored by Kallanish. Employment fell at the fastest pace since September 2010 while business expectations slumped to the weakest since October 2008. The headline seasonally-adjusted IHS Markit/CIPS UK
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Liberty Galati reduces production as Covid-19 slows economy
Liberty Galati has reduced production and implemented partial technical unemployment following slowing global economic activity on account of the Covid-19 pandemic, the firm’s spokesman tells Kallanish. This comes after the firm implemented various measures to try maintain normal operating conditions, such as replacing contractors with its own employees and reducing costs. The company is working with unions and
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German stockholders’ sales dip in 2019
Sales by Germany’s steel stockholding distributors were -4.3% lower than the year before, totalling 10.7 million tonnes in 2019, according to their association, BDS. The year had begun modestly, with sales of between 900,000-954,000t in each of the first five months, BDS notes. An unusually weak June (858,000t) was followed by a surprisingly strong July
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NEWS
- Bekaert takes financial action following pandemic impact April 7, 2020
- AST resumes production in Italy April 7, 2020
- UK construction activity falls off cliff in March April 7, 2020
- Liberty Galati reduces production as Covid-19 slows economy April 7, 2020
- German stockholders’ sales dip in 2019 April 7, 2020
- Assofermet reaffirms need for government help for steel April 7, 2020
- Ease steel safeguard measures, Assofermet tells EU April 7, 2020
- ArcelorMittal Taranto gets permission to restart product sales April 7, 2020
- European automaker shutdowns April 7, 2020
- Eurofer seeks tougher government measures during COVID-19 pandemic April 7, 2020
- ArcelorMittal and De Beers using 3D printers in fight against coronavirus April 7, 2020
- Italian steel mills planning to re-open gradually: sources April 7, 2020
- Salzgitter to reduce production, thyssenkrupp raises awareness April 6, 2020
- ASSOFERMET letter to EU Commission regarding the Covid-19 emergency April 6, 2020
- US longs distributors view infrastructure plan with relief April 6, 2020
- Polish distributor closes warehouse after positive Covid-19 cases April 6, 2020
- Riapertura delle Attività economiche a fronte dell’emergenza Coronavirus April 6, 2020
- Another major Turkish auto producer pauses output April 3, 2020
- Long steel producer Feralpi acquires rod processor from Duferco April 3, 2020
- Spanish tube makers restart production April 3, 2020
- Longs products prices slide in East Asia April 3, 2020
- Celsa reduces Barcelona works’ output by 50% April 3, 2020
- Feralpi gets competition authority approval to buy Caleotto April 3, 2020
- ArcelorMittal further reduces output in France: unions April 3, 2020
- Eurofer requests safeguard quota revision amid Covid-19 April 3, 2020
- EU vehicle losses due to factory shutdowns over 1.2 million units: ACEA April 2, 2020
- UK manufacturing activity takes Covid-19 hit April 2, 2020
- Metinvest’s Italian production halt may be extended April 2, 2020
- Southern Europe coil import activity freezes April 2, 2020
- Russia’s BVB Alliance reports coronavirus-induced demand slump April 2, 2020
- Huta Czestochowa to hold new tender in mid-April April 2, 2020
- Spanish steel sector to produce at minimal levels April 2, 2020
- EU vehicle production to see heavy 2020 fall April 2, 2020
- Klöckner: Back to normal will take one/two years April 2, 2020
- Turkish steelmakers reiterate need for measures curbing imports April 2, 2020
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Latest News
- Bekaert takes financial action following pandemic impact
- AST resumes production in Italy
- UK construction activity falls off cliff in March
- Liberty Galati reduces production as Covid-19 slows economy
- German stockholders’ sales dip in 2019
- Assofermet reaffirms need for government help for steel
- Ease steel safeguard measures, Assofermet tells EU
- ArcelorMittal Taranto gets permission to restart product sales