COVID-19 pandemic burdens the business of Klöckner & Co SE

Duisburg – Against the background of the impact of the global COVID-19 pandemic on the economy, the previous expectation for fiscal year 2020 published in the Group forecast by Klöckner & Co SE (“Klöckner & Co”) on March 10, 2020 cannot longer be maintained.

25. Mar 2020

Mood in the metal markets has changed overnight

Frankfurt - Expected US stimulus measures as well announcement to "re open" city of Wuhan causes prices to rise.

24. Mar 2020

RWI / ISL Container Throughput Index: Crash in February

Essen - Index fell by 10.9 points in February, according to the current flash estimate. This is the strongest monthly decline ever observed.

24. Mar 2020

CPL for UHSS grades started up at Shougang Jingtang

London – In December 2019, a continuous pickling line (CPL) started up at Chinese steel producer Shougang Jingtang United Iron & Steel Co., Ltd. (Shougang Jingtang). The pickling line is designed to process around 1.5 million metric tons of hot rolled strip per year.

24. Mar 2020

World Crude Steel Production in February 2020

Brussels – World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in February 2020, a 2.8% increase compared to February 2019.

24. Mar 2020

COVID-19: Joint actions to win the war

Paris - The pandemic brings with it the third and greatest economic, financial and social shock of the 21st Century. This shock brings a double whammy: a halt in production in affected countries, hitting supply chains across the world, and a steep drop in consumption together with a collapse in confidence.

24. Mar 2020

RWI: Corona epidemic weakens German economy

Essen - RWI - Leibniz Institute for Economic Research is lowering its forecast for German economic growth in 2020 by almost two percentage points.

23. Mar 2020

Industrial metals: Another weak start to the week

Frankfurt - This week is also going to be rough: at the start, copper falls 5% below USD 4,600 per ton.

23. Mar 2020

US Steel provides guidance for first quarter 2020

Pittsburgh - First quarter 2020 adjusted EBITDA is expected to be approximately $30 million.

20. Mar 2020

SurfaceTechnology GERMANY 2020 Postponed

Hannover/Stuttgart –  For the trade fair industry, the current coronavirus pandemic has profound consequences. Now SurfaceTechnology GERMANY in Stuttgart has been postponed as well: the new date is 27–29 October 2020.

20. Mar 2020

SAC awards aluminum package to tk Aerospace

Essen – AVIC Shenyang Commercial Aircraft Corporation (SAC) in the northern Chinese city of Shenyang is the long-time supplier of the DASH8 - Q400 fuselage to Bombardier in Canada. SAC awarded thyssenkrupp Aerospace Suzhou with the provision of over 1,000 cut-to-size aluminum plate items in various dimensions.

20. Mar 2020

Postponement of the Indian metal fairs

Düsseldorf – The leading national Indian trade fairs wire India, Tube India, METEC India and India Essen Welding & Cutting will take place from 25 to 27 March 2021 at the Bombay Convention & Exhibition Centre.

20. Mar 2020