Frankfurt -  Various steelmakers from China have recently announced that they will cut production by 30%.

Helsinki - In 2019, business area Long Products’ net sales amounted to EUR 642 million and adjusted EBITDA was EUR -7 million.

Berlin – As of the 1st of January 2020, Jörg Hackmann and Harald Henning have been appointed new Directors at PSI Metals. Together with Thomas Quinet, Managing Director since 2017, the new Strategy Committee will focus on accelerating the transformation of PSImetals.

Essen – tk Materials Services yesterday laid the foundation stone for the construction of the new logistics center in Rotenburg, Lower Saxony. A state-of-the-art logistics center is being built at the site and is scheduled to start operations in mid-2021.

Frankfurt / Main – Overall, 2019 was a disappointing year for mechanical engineering companies in Germany. Compared to the previous year, the order books for 2019 as a whole show a real decline of 9 percent.

Brussels –  The International Stainless Steel Forum has released a new website. worldstainless.org aims to be the most comprehensive site for anyone interested in stainless steels.

Frankfurt - Concerns among market participants that the corona virus stifles economic activity in China.

London - Plans will support vehicle manufacturers today and in the future as they develop the next generation of hybrid and electric vehicles.

Essen - Index of the RWI - Leibniz Institute for Economic Research and the Institute for Shipping Economics and Logistics (ISL) fell again significantly in December.

Charlotte - Nucor Corporation announced consolidated net earnings of $107.8 million, or $0.35 per diluted share, for the fourth quarter of 2019.