Essen - The transaction forms part of the group's strategic restructuring, which aims to establish a financial holding company with independently operating businesses.

Brussels - The European Steel Association (EUROFER) has welcomed the initiative, arguing that it could stimulate demand for low-emission steel and support investment in European steelmaking.

London - UK Steel: British steel producers are expected to pay 49% more for electricity than their French competitors and 15% more than German steelmakers in 2026/27.

Buttrio - The modernization project aims to improve product quality, process efficiency and operational reliability through upgrades to billet heating, rolling equipment and automation.

Castellanza - The project aims to strengthen domestic production of grain-oriented electrical steel (GOES), a specialised material designed to minimise energy losses in transformer cores.

Sheffield - The UK introduced revised tariff-rate quotas (TRQs) on July 1, 2026, alongside a 50% tariff on imports exceeding the permitted volumes.

Tokyo - The steel, designated 2.0G AL-HS, combines ultra-high strength with resistance to hydrogen-related cracking, addressing a major challenge in the development of lighter automotive body structures.

Brussels - EUROFER estimates that the resumption of production has helped preserve up to 80,000 jobs across the European steel value chain.

London - Brennan previously worked on UK Steel's policy and advocacy activities, particularly efforts to protect domestic steelmakers against global overcapacity and subsidised imports.

Sheffield - The increase reflects significant changes in European steel market conditions, including tighter trade defence measures, the introduction of the Carbon Border Adjustment Mechanism.