Eurofer calls for urgent trade actions to address global steel overcapacity

Brussels - Recent data of Global Forum on Steel Excess Capacity (GFSEC) show a further increase in excess steel capacity, prompting concerns about the impact on the global market.

9. Oct 2024

Potential setback for Germany’s flagship industrial project "Green Steel"

Essen - Thyssenkrupp reevaluates its transition to producing "green steel" using hydrogen, despite substantial funding commitments by the German government.

9. Oct 2024

ArcelorMittal Fos-sur-Mer inaugurates its ladle furnace to reduce emissons

London - Once the ladle furnace is fully commissioned and production is ramped up, the CO2 emissions of the site will be reduced by around 10%.

 

7. Oct 2024

GMH Gruppe completes acquisition of Kind & Co., Edelstahlwerk GmbH

Georgsmarienhütte - The acquisition aims to enhance GMH Gruppe’s position in the tool steel industry, especially in the hot-work tool steels segment, where Kind&Co has a notable international presence.

7. Oct 2024

Hydnum Steel: Agreement with Knauf Interfer to promote green steel

A Coruña - Partnership aims to enhance the supply of emission-free green steel across Europe

3. Oct 2024

Canada introduces surtaxes on Chinese imports to protect key industries

Ottawa - Measure aims to safeguard Canadian industries from China's non-market practices, which have resulted in overcapacity and an uneven playing field in global markets.

3. Oct 2024

ArcelorMittal Europe: CEO calls for strategic action plan for European steel industry

London - At ArcelorMittal Poland's 20th anniversary, Geert Van Poelvoorde, CEO of ArcelorMittal Europe, emphasized the urgent need for a clear and decisive action plan.

1. Oct 2024

David Heymans new Managing Director of Mineralmahlwerke Hamm and Wesel

Hamm - MMW Wesel, which has been part of CREMER ERZKONTOR since 1991, specializes in the processing and recycling of minerals and carbon-based products.

30. Sep 2024

Thyssenkrupp confirms Ilse Henne as Chair of Supervisory Board and Dennis Grimm as CEO

Duisburg - Thyssenkrupp Steel Europe AG has made key leadership decisions during an extraordinary Supervisory Board meeting, as part of its organizational restructuring efforts.

27. Sep 2024

German economy in transition – Forecasts for growth continue to be weak

Berlin -New report from the Joint Economic Forecast Project Group predicts a slight contraction of Germany's Gross Domestic Product (GDP) by 0.1% for 2024.

27. Sep 2024

World Stainless Association releases report on CO2 emissions

Brussels - The report provides CO2 emissions data for stainless steel production, depending on the mix of scrap used. These figures include Scope 1, Scope 2, and Scope 3 emission.

27. Sep 2024

Henan Yirui completes conversion of aluminum hot rolling mill

Düsseldorf - Final acceptance certificate (FAC) for the newly upgraded four-stand aluminum hot finishing mill, developed by SMS Group.

26. Sep 2024