Salzburg –  Benteler announced that it would increase its focus on its core business, the Automotive division, which accounts for some 80 percent of the Group’s turnover and to divest its Benteler Distribution division to the Van Leeuwen Pipe and Tube Group.

Düsseldorf – SMS group has successfully commissioned the first of four converters at Hoa Phat Group, Vietnam. More converters will be commissioned before the end of 2019. In total, the new converter shop shall produce four million tons of liquid steel per year.

Teheran - Iranian Steel Producers Association releases figures for fiscal year 2018/2019.

London – In January, Baosteel Zhanjiang placed an order for a continuous slab caster with Primetals Technologies. The caster, CCM 3, will be set up in the Baosteel production site in Guangdong Province in South China.

Fort Wayne - US steel producer has declared a quarterly cash dividend of $0.24 per common share.  

Kolkata - Tata Steel launched its steel retail store ‘steeljunction’ in a new avatar with an aim to create new paradigms in steel retailing for the ‘B2C’ consumers.

Göppingen –  Schuler AG is to get a new Chief Financial Officer. The Supervisory Board has appointed Thomas Kamphausen (56) as a member of the Executive Board of Schuler AG as of September 1, 2019. Mr. Kamphausen will take over as the Group’s Chief Financial Officer and Labour Director.

Sheffield – Business activity, in August, is generally subdued in the Nordic markets, as participants return from annual holidays. The US-China trade war continues to have a negative effect on sentiment. Reduced automotive production, principally in Germany, is starting to disturb other market sectors.

Göppingen/Denklingen – Automotive supplier Hirschvogel draws this conclusion around one year after the start of production on a servo press in a compact design which was newly developed in collaboration with Schuler.

Essen - Thyssenkrupp about  prevented joint venture with Tata: The consolidation of the European steel industry is still right and necessary.

Düsseldorf – Fuxin Special Steel Co., Ltd., a stainless steel producer based in Zhangzhou and part of Formosa Plastics Corporation, is going to expand its production facilities by a new hot rolling mill as well as cold rolling mills including continuous annealing line and numerous finishing lines.

Frankfurt a. M. – Global trade conflicts and an increasingly weak economy are weighing on the export business of mechanical engineering companies from Germany. According to the Federal Statistical Office, machine deliveries in the first half of 2019 increased by a 0.9 percent or 0.8 billion euros to 89.2 billion euros compared to 2018.