High-use industries demand EU tackle energy prices urgently to maintain competitiveness
Representatives of energy-intensive industries in the EU were facing trade circumstances that were worsening day by day and that required immediate and efficient protective measures, they said in a joint statement published on Thursday September 29.The statement came ahead of a meeting of EU energy ministers scheduled for September 30 to consider proposals for emergency
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Prices slump in ‘absolutely unhealthy’ European steel sections market
Steel hollow sections prices across Europe declined in the week to Wednesday September 28, amid concerns that weak end-user demand caused by energy uncertainty could potentially lead to further price cuts in the coming weeks, Fastmarkets understands. Fastmarkets’ weekly price assessment for steel sections (medium) domestic, delivered Northern Europe was €1,020-1,050 ($981-1,010) per tonne on
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Ukraine produces at 15% capacity: Ukrmetallurgprom
Six steel enterprises are currently operating in Ukraine, with average capacity utilisation of about 15% of the pre-war level, says national steel association Ukrmetallurgprom president Oleksandr Kalenkov. “The situation at mining enterprises looks a little better, as they are 25% loaded on average,” he writes in a column for Business Censor. “However, work has been suspended
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ArcelorMittal Spain idles blast furnace amid furlough negotiations
ArcelorMittal says it has initiated the shutdown of blast furnace A at its Gijón mill in northern Spain. The move was initially announced at the beginning of September. The process begun on Tuesday night with the reduction of the furnace load and the consequent salamander tapping, Kallanish notes. According to the steelmaker, the temporary stoppage has been
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Exit of fabricators threatens to drain Germany industry
The current environment of economic insecurity and extreme energy prices is threatening the survival of many automotive suppliers and other types of steel fabricators, warned speakers at this week’s MBI Stahl Tag conference in Frankfurt. Heinz-Jürgen Büchner of Deutsche Industriebank IKB cited the example of Kostal, a supplier of electronics in cars, which recently announced
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NEWS
- High-use industries demand EU tackle energy prices urgently to maintain competitiveness September 30, 2022
- Prices slump in ‘absolutely unhealthy’ European steel sections market September 30, 2022
- Ukraine produces at 15% capacity: Ukrmetallurgprom September 30, 2022
- ArcelorMittal Spain idles blast furnace amid furlough negotiations September 30, 2022
- Exit of fabricators threatens to drain Germany industry September 30, 2022
- EU hot-rolled coil buyers avoid booking on lack of clear outlook September 30, 2022
- ArcelorMittal moves ahead with temporary blast furnace shutdowns in Europe September 30, 2022
- The 15th convention of the French federation FFDM took place in Rennes September 30, 2022
- Revista InfoAcero Septiembre 2022 September 30, 2022
- Turkey’s Beycelik Gestamp to supply automotive components to UK’s Arrival September 30, 2022
- Steel plate prices stabilize in Italy, Northern Europe amid sufficient trading activity September 29, 2022
- Weak demand, cheaper imports put pressure on European flat steel prices September 29, 2022
- Auto suppliers need stockkeeping support from carmakers: conference September 29, 2022
- Celsa creditors present restructuring plan to court September 29, 2022
- Danieli forecasts another good year on green steel plants and machinery orders September 29, 2022
- Steelmaker ArcelorMittal, Zeleros to collaborate on hyperloop project in Europe September 29, 2022
- Demand in the European CRC, HDG market minimal September 29, 2022
- Italian steel mills restarting operations in October on new energy decree September 28, 2022
- European steel rerollers warn of knock-on effects if EU sanctions Russian semis September 28, 2022
- Spanish automotive industry sees summer performance improvement September 28, 2022
- More Acquisitions agrees Megasteel reverse takeover listing September 28, 2022
- Dunaferr urgently seeks coke, longer-term state energy support September 28, 2022
- Ascoval to cut production on high energy costs September 28, 2022
- EU re-rollers oppose ban on Russian semis September 28, 2022
- German mills need to absorb energy costs: analyst September 28, 2022
- Steel industry leaders support decarbonisation plan September 27, 2022
- Georgsmarienhütte signs supply contract for green electricity September 27, 2022
- Green trend could restructure business relations September 27, 2022
- Spain’s Sidenor halts Reinosa rolling mill September 27, 2022
- EU apparent flats demand seen bottoming out: supplier September 27, 2022
- EU HRC market sees slow activity as mills, buyers show different market outlook September 27, 2022
- Arvedi resumes production at its EAFs mill in Cremona September 27, 2022
- German August steel sales rise slightly on year, stocks elevated September 27, 2022
- French rebar market drags on gloomy sentiment September 26, 2022
- Moody’s metals and mining outlook turns negative September 26, 2022
- Schuler aims to tackle increasing metalforming cyber attacks September 26, 2022
- Italian stainless flats sales improve slightly, uncertainty remains September 26, 2022
- EU coil supply-demand balance remains elusive amid stoppages September 26, 2022
- H2 Green Steel partners with Greeniron H2 for iron waste recycling September 26, 2022
- EU HRC prices stable in slow market, more production cuts expected September 26, 2022
- LME scrap contracts see gains, near-term backwardation shifts into soft contango September 26, 2022
- Tata Steel, Hardt Hyperloop partner on low carbon steel to reduce transport emissions September 26, 2022
- UK steel sector urges government to stop imports of Russia-origin processed steel September 26, 2022
- Six steel associations came together for a UK Steel Forum September 23, 2022
- Global steel production falls 3% on year in August: worldsteel September 23, 2022
- Ukraine’s Metinvest says studying construction of DRI-fed EAF steel plant in EU September 23, 2022
- Decarbonising ferrous needs $1.4 trillion investment: Wood Mackenzie September 23, 2022
- HYBRIT starts pilot hydrogen cavern storage in Sweden September 23, 2022
- Market deadlock to last until year-end: Italian distribution September 23, 2022
- Bureaucracy to impede green transition in Germany: conference September 23, 2022
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Latest News
- High-use industries demand EU tackle energy prices urgently to maintain competitiveness
- Prices slump in ‘absolutely unhealthy’ European steel sections market
- Ukraine produces at 15% capacity: Ukrmetallurgprom
- ArcelorMittal Spain idles blast furnace amid furlough negotiations
- Exit of fabricators threatens to drain Germany industry
- EU hot-rolled coil buyers avoid booking on lack of clear outlook
- ArcelorMittal moves ahead with temporary blast furnace shutdowns in Europe
- The 15th convention of the French federation FFDM took place in Rennes
