Sao Paulo, Brazil – The performance of steel consumption in Latin America in 2019 registered a 5% decrease, totalling 64 million tons. This result is a serious symptom of worsening deindustrialization process, which has been present for decades and can impact the stability of 260,000 direct jobs in the sector.

Bocholt – Flender Group, part of Siemens AG Portfolio Companies, will have a new CEO. As of April 1, 2020, Andreas Evertz will be appointed as additional Managing Director and will succeed retiring Stefan Tenbrock as CEO effective June 1, 2020.

Duisburg – Falling steel prices and weak demand resulted in a decline of around 7% in KlöCo’s sales to €6.3 billion in fiscal year 2019. While operating income before material special effects was within the guidance range at €124 million it remained substantially below the prior year.

Frankfurt am Main – METAV 2020 is postponed until March 2021. It will now be held from 23 to 26 March 2021. "We are delighted to have agreed a new date together with our partner, Messe Düsseldorf, so quickly," says Dr. Wilfried Schäfer, Executive Director of the METAV organiser VDW.

Genova - Amendment Agreement outlines the terms for a significant investment by Italian state-sponsored entities into AM InvestCo.

London - The value marked a decrease of 93.6% over the previous month and a drop of 89.7% when compared with the last 12-month average of $4.88bn.

Frankfurt - Steel and iron ore prices are also not exceptionally low, although the corona virus has hit the steel industry in China particularly hard.

London - Canada held a 33.7% share of the global metals & mining industry M&A deal value that totalled $20.22bn in Q4 2019.

Düsseldorf – Eurometal S.A., a company of the Eko-Świat group, has placed an order with Hertwich Engineering for the supply of an Ecomelt-PR100 multi-chamber melting furnace for the expansion of its aluminium casthouse in Klomnice, Poland. The plant, with a capacity of 30.000 tons per year, is scheduled to start operation in spring 2021.

Düsseldorf - Leading international trade fairs for the wire, cable and tube industry, wire and Tube, will take place from 7 to 11 December 2020.

Düsseldorf – dnata, one of the world’s largest airport services provider, is moving its air cargo handling operations at Manchester Airport to a new purpose-built facility, the “dnata City Northˮ cargo complex.