Detroit - Ford and autoworkers’ unions – especially the UAW – are working closely on initiatives to keep the workforce safe.

Helsinki - Outlook on ratings was changed to negative.

Frankfurt - Aluminum price has dropped below the $ 1,500 a ton mark to a new 4-year low at the LME.

Lucerne – Schmolz + Bickenbach announces the successful completion of its financial restructuring.

Essen – thyssenkrupp convinces AVIC Chenfei Commercial Aircraft Corporation in Chengdu (CCAC) with its “Materials as a Service” concept, which includes an onsite warehousing solution, and is awarded an additional work package with 1,200 metric tons of aluminum.

Luxemburg - "We are reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis."

Stockholm - Temporary layoffs in Finnish operations following weakened market conditions as a result of the Covid-19 pandemic.

London –At the end of 2019 Baosteel commissioned an integrated control enter (ICC) for the CC3 two-strand continuous caster. The work was carried out in collaboration with Primetals  at the company's Steelworks No. 1 in Shanghai.

Essen - Cost reductions and job cuts of 3,000 jobs required.

Pittsburgh - Steel company announces a series of aggressive and meaningful actions.

Berlin/Düsseldorf – Federal Minister of Economics Peter Altmaier is working on a concept to revive the German economy after the acute crisis. This concept is not limited to economic stimulus programs but is intended to improve the competitiveness of the domestic economy.

Munich – Dr. Frank Stieler will resign from his office as CEO of KraussMaffei Group GmbH on March 31, 2020 and Dr. Michael Ruf, present COO of the company, will take over the position from April 1, 2020. The COO position will not be taken again.