European steel industry calls for urgent EU Action Plan to ensure competitiveness

Brussels - IndustriAll Europe and the European Steel Association (EUROFER) have presented a set of proposals to the European Commission and EU Member States,

12. Nov 2024

Monika Boh appointed new CEO of ArcelorMittal Hamburg

Hamburg -  Boh, who previously served as Chief Operating Officer of ArcelorMittal Hamburg, succeeds Dr. Uwe Braun.

12. Nov 2024

Green steel could require up to 19% of EU’s renewable hydrogen production

Stockholm - Recent analysis from the Green Steel Tracker says that transitioning to green steel could consume around 1.7 million tonnes per annum (MPTA) of renewable hydrogen by 2030.

11. Nov 2024

GMH Group joins Science Based Targets Initiative advancing climate goals

Georgsmarienhutte - Membership in the Science Based Targets Initiative (SBTi) marks a significant step in the company's journey toward climate neutrality by 2039.

11. Nov 2024

Andritz to provide combi-line furnace for Borçelik’s new cold strip mill

Graz - The line, which will be part of Borçelik’s new cold strip mill complex in the Gemlik region of Bursa, is expected to begin operations in the third quarter of 2026.

8. Nov 2024

UAHE launches solidarity campaign for flood victims in the Valencian community

Madrid - The Unión de Almacenistas de Hierros de España (UAHE) reacts to recent devastating floods in Spain. All funds raised will be transferred directly to the Spanish Red Cross to aid in the recovery efforts.

8. Nov 2024

MEPS analysis: Trump re-election ends uncertainty in the US steel market

Sheffield - United States steel sector participants express hopes for renewed demand and policy shifts expected under Trump`s “America First” economic strategy.

7. Nov 2024

Asiamold Select – Guangzhou 2025 connects south China's mould industry

Guangzhou - Exhibition at China Import and Export Fair Complex from 25 – 27 February 2025 aims to bring together a diverse group of manufacturers, industry specialists, and stakeholders.

 

7. Nov 2024

IW institute: Trump election raises significant concerns for the German economy

Berlin - Michael Hüther, Director of the Institute of German Economy (IW) describes Trump´s victory as a "worst-case scenario," coming at a time that is already challenging for the German economy.

6. Nov 2024

U.S. Steel stock jumps following Trump’s re-election, uncertainty remains

Washington - Despite 12 percent gains, U.S. Steel shares remain below the $55-per-share offer from Japan’s Nippon Steel, which has proposed a $14 billion takeover.

6. Nov 2024

AISI: US steel shipments experience decline in September 2024

Washington - American Iron and Steel Institute (AISI) announced: U.S. steel mills shipped 7,083,141 net tons in September 2024, a 1.2 percent decrease compared to September 2023.

6. Nov 2024

EU steel distributors remain cautious amid shifting price expectation

Brussels - October EUROMETAL Market Sentiment Survey compiled insights from 251 respondents.

4. Nov 2024