Helsinki – Moody’s Investors Service has decided to downgrade Outokumpu’s corporate family rating to B2 from B1 and the probability of default rating to B2-PD from B1-PD.

Düsseldorf – For North American Stainless (NAS) in Ghent, Kentucky, SMS group  has successfully commissioned a torque retainer for the 160-ton AOD converter no. 1. The customer issued the final acceptance certificate shortly thereafter.

Tarent - AM InvestCo will follow the Court’s invitation to pause implementation of the orderly and gradual suspension of operations.

Lucerne - Parties have agreed on a fine of EUR 12.3 million.

Göppingen/Pune – Schuler’s affiliate Yadon is a success story also in India: In the last two years, more than 80 presses from the Chinese manufacturer have been sold in the country. About half of them with a press force ranging from 60 to 1,000 metric tons have already been installed at various metal forming companies.

Düsseldorf – South Korean Daehan Steel Co., Ltd. has smoothly re-started production with new SMS group quenching and high-speed lines following the successful modernization of the Sinpyeong bar mill. The Final Acceptance Certificate (FAC) was signed two months ahead of the original schedule.

London - Initiative aims to be a platform to recognize the momentum of hydrogen as a complement to electrification as well as a long-term storage option for renewables.

Frankfurt - So far, nickel has fallen by more than 14% in November, even more than 20% from its 5-year high in early September.

Sheffield, UK – Procurement activity, resale values and sentiment remain weak, in the European strip mill products market, in November. Slow economic growth, global trade conflicts and political difficulties have added to the air of pessimism.

Weinheim – The optimum function of rotary shaft seals depends on many factors. One of them is the wettability of the sealing lip. This parameter plays a particularly important role with synthetic lubricants such as polyglycol.