Brussels – The European Steel Association (EUROFER) has issued a joint release alongside eighteen other regional and national steel associations calling for the Global Forum on Steel Excess Capacity to be extended. At the same time, the crisis in the European steel industry continues to intensify.
Sheffield – Purchasing activity is subdued, in the northern European steel market. Supply chain participants are beginning to reduce their inventories. Market trends are not expected to change unless consumption increases, or production capacity is reduced.
Lucerne – SCHMOLZ + BICKENBACH has today lowered its earnings forecast for the 2019 financial year on the basis of business developments since the beginning of September. Adjusted EBITDA is now expected to be below the range of EUR 70 million
Essen – To meet rising demand from its customers for online solutions, thyssenkrupp Materials Processing Europe has added new in-house developments to its portfolio of digital applications: Amongst these are the web-based information platform mpe connect.
Sheffield – Despite the regional steelmakers’ attempts to lift basis values, in order to restore profit margins, European strip mill product prices moved downwards, in October. Market activity deteriorated noticeably.
Brussels – Nineteen steel industry associations in the Americas, Europe, Africa and Asia today called for the governments of steelmaking economies to step up efforts to effectively tackle persistent global excess capacity in the steel sector
Achern – Ever-shorter delivery times and fluctuating batch sizes prompted the multi-metal distributor Debrunner Acifer to put its logistics processes to the test. The company decided to optimise its storage technology to ensure a high level of supply readiness.
Brussels – Following the move by the U.S. today to apply countermeasures against imports from the EU in consequence of the World Trade Organization (WTO) Airbus dispute, Commissioner for Trade Cecilia Malmström made a statement.
