TK declares force majeure on low Rhine River levels
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TK declares force majeure on low Rhine River levels

Published: 22 Oct 2018

German steelmaker, thyssenkrupp, told customers Friday it has declared force majeure due to low water levels on the Rhine River, according to a letter seen by S&P Global Platts. There had been unconfirmed chatter in the market that such a decision was forthcoming, and then the company issued a letter to customers Friday morning confirming the move.

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Digitalisation improves distributors’ processes, not necessarily pricing

Published: 16 Oct 2018

Steel distributors need to digitalise their processes to enhance customer relationships, although digitalisation might not help pricing orientation. So said participants during a panel on enhancing the value chain at last week’s EUROMETAL convention in Hamburg. Distributors have to invest time in building up digital services and platforms to see improvement in traffic with customers,

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Provisional EC safeguard measures remain under observation

Published: 15 Oct 2018

The provisional safeguard measures imposed earlier this year by the European Commission under the form of a quota system remain under observation. The measures are set to remain in place until February 2019, but the authorities can make them permanent at that stage. After a slow start, the utilisation of the quotas allocated is now

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EU flats’ 2019 demand growth could decelerate: Kirps

Published: 15 Oct 2018

Growth in demand for flat products in 2019 could decelerate due to a slowdown registered in the automotive sector, senior industry analyst Georges Kirps tells Kallanish. In 2018 so far, the performance of the flats sector has been positive, but the peak might have already been reached in the first part of the year. “The EU

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thyssenkrupp makes reordering “easy”

Published: 15 Oct 2018

thyssenkrupp Materials Services continues to drive forward the digitization of materials trading: With “easy supply”, thyssenkrupp’s materials specialists have developed an innovative app that is unique in materials trading. It enables customers to easily and quickly purchase materials. In just a few clicks to the material The functionality is simple: By scanning a QR code, the

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