PSI with stable new orders and strong cashflow despite Corona crisis

Berlin – Despite the emerging Corona crisis, the PSI Group, with 96 million euros in the first quarter of 2020 (March 31, 2019: 97 million euros), almost reached the record new orders of the same quarter of the previous year.

28 Apr 2020

Hot commissioning of coiler No. 3 at POSCO hot strip mill

Düsseldorf – 22. April 2020 saw the successful winding of the first coil with the new Uni Plus Coiler, supplied by SMS group for POSCO’s hot strip mill No. 4 at Gwangyang in South Korea.

28 Apr 2020

Schmolz + Bickenbach: All agenda items approved

Lucerne – Schmolz + Bickenbach AG, a world leader in special long steel, today held its Annual General Meeting excluding shareholders in accordance with the COVID-19 Regulation 2 of the Swiss Federal Council.

28 Apr 2020

Safety is still top priority for thyssenkrupp Steel

Duisburg – The coronavirus is currently dominating working life. Many employees are working from home, but this is not possible for everyone. For example, employees whose job is to keep production running continue to come into their usual workplace every day and must comply with the hygiene rules there.

28 Apr 2020

THI study examines the optimum material mix for electric vehicles

Ingolstadt – Emissions in electromobility can be reduced not only by the right mix of electricity, but also by the appropriate use of materials during vehicle manufacture. Manuel Schweizer has analysed this in a research project.

27 Apr 2020

ArcelorMittal announces commitment for new US$3bn term loan facility

Luxemburg - Credit Facility represents a new commitment from BNP Paribas, Crédit Agricole Corporate & investment Bank, J.P. Morgan and Société Générale.

27 Apr 2020

Industrial metals: Supply surpluses everywhere

Frankfurt - World Bureau of Metal Statistics (WBMS) reports high supply surpluses for many metal markets.

27 Apr 2020

In Shenzhen, the Chinese Silicon Valley, the sleeping dragon is awake

Dagmar Dieterle-Witte
Editor marketSTEEL

25 Apr 2020

Severstal reports Q1 2020 financial results

Cherepovets - Group revenue declined by 12.5% y/y to $1,777 million (Q1 2019: $2,031 million) in Q1 2020.

24 Apr 2020

MMK Group to allocate more than RUB 13 billion to its environmental programme

Magnitogorsk - Magnitogorsk Iron and Steel Works (MMK) has approved environmental goals for 2020.

24 Apr 2020

Nippon Steel adjusts blast furnace operation in response to the current steel demand

Chiyoda - Responding to the immediate sharp drop in demand for steel products, the company has implemented several measures.

23 Apr 2020

European Steel Distribution deeply impacted by Covid-19

Brussels - Linked to the local shut down intensity, EUROMETAL members recorded 20 % to 60 % drop.

23 Apr 2020

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