ArcelorMittal reports fourth quarter 2019 and full year 2019 results

Luxemburg -  Lakshmi N. Mittal: 2019 was a very tough year, clearly reflected in our significantly reduced profitability.

06 Feb 2020

Iron ore and steel do not follow the world wide trend of recovering metal prices

Frankfurt -  Various steelmakers from China have recently announced that they will cut production by 30%.

06 Feb 2020

Outokumpu initiates a strategic review of business area Long Products

Helsinki - In 2019, business area Long Products’ net sales amounted to EUR 642 million and adjusted EBITDA was EUR -7 million.

06 Feb 2020

CELSA Barcelona places order with SMS group for modernization of medium-section mill

Düsseldorf – CELSA Barcelona has contracted SMS group to revamp the section mill at its Castellbisbal location in Spain

06 Feb 2020

PSI Metals completes Generational Change

Berlin – As of the 1st of January 2020, Jörg Hackmann and Harald Henning have been appointed new Directors at PSI Metals. Together with Thomas Quinet, Managing Director since 2017, the new Strategy Committee will focus on accelerating the transformation of PSImetals.

06 Feb 2020

Innovative logistics center of tk Materials Services to open in mid-2021

Essen – tk Materials Services yesterday laid the foundation stone for the construction of the new logistics center in Rotenburg, Lower Saxony. A state-of-the-art logistics center is being built at the site and is scheduled to start operations in mid-2021.

06 Feb 2020

Year-end without surprise

Frankfurt / Main – Overall, 2019 was a disappointing year for mechanical engineering companies in Germany. Compared to the previous year, the order books for 2019 as a whole show a real decline of 9 percent.

06 Feb 2020

A new website for the International Stainless Steel Forum

Brussels –  The International Stainless Steel Forum has released a new website. worldstainless.org aims to be the most comprehensive site for anyone interested in stainless steels.

06 Feb 2020

Steel prices in a downward pull

Frankfurt - Concerns among market participants that the corona virus stifles economic activity in China.

04 Feb 2020

Tata Steel heralds sustainability strategy for future of automotive sector

London - Plans will support vehicle manufacturers today and in the future as they develop the next generation of hybrid and electric vehicles.

01 Feb 2020

RWI / ISL Container Throughput Index: Trade conflicts increasingly burden global trade

Essen - Index of the RWI - Leibniz Institute for Economic Research and the Institute for Shipping Economics and Logistics (ISL) fell again significantly in December.

01 Feb 2020

SMS to replace the largest converter in North America at AMD

Düsseldorf – ArcelorMittal Dofasco (AMD), Canada, has awarded SMS. the contract to supply a replacement 320-ton KOBM converter and gear drive for its steel making plant in Hamilton, ON, Canada. The converter at AMD is the largest basic oxygen converter in North America.

31 Jan 2020