As noted last Tuesday German steelworkers, the result of unfair Chinese competition is the death of the European steel industry. "China produces steel with public funding, well below production costs and regardless of the environment and safety at work", said one worker. In fact, MEPs...
The Asian giant denied the accusation of a diplomat of the European Union for his bad done to reduce the capacity of the steel industry that caused consequences to European manufacturers. Lu Kang, the representative of Chinese Foreign Ministry said: "We hope that anyone who...
MEP Basque Nationalist Party (PNV), Izaskun Bilbao Barandica, participated in a debate about the status of the Asian giant in the World Trade Organization. "Pending the results of public hearings and legal studies about the status of China in the WTO which I hope can...
Last Tuesday the steel company Siderar provided comparative data by a note to the Stock Exchange of Buenos Aires and specified the profits of the company: only 640.2 million pesos in the first quarter, which are 43.5 millions of dollars. When we compared with Reuters seasonal,...
To deal with the crisis, ThyseenKrupp has contacted their biggest rivals (Salzgitter, ArcelorMittal and Tata Steel) to discuss a possible merger. Their negotiations focus on the European market and are causing mistrust among Socialist Euro MPs and representatives of MCA-UGT. "A fusion process always...
Good news for the world's leading steel company, ArcelorMittal, since is currently in a delicate situation such as is evidenct by the news of its factories in Spain. According to Coface, ArcelorMittal can be optimistic because the steel market will be balanced in 2018. It...
The largest steelmaker in the Caribbean and Latin America, Alfredo Maneiro Siderurgica del Oricono (Sidor), which was founded more than a decade, has lasted three months without producing one gram of steel. He stopped exactly in the second week of January 2016, mainly due...
Despite the punishment accumulated in recent sessions of the Spanish stock market, the steel sector leads the most promising analysts' forecasts for this April. Juan Enrique Cadiñanos, head of research at Admiral Markets, says that the recent recovery in metals prices will help Acerinox to opt...
On April 11, the Indian company Tata Steel began selling its factories in the UK for the loss of profitability, and confirmed an agreement with the British fund Greybull Capital for one of the involved divisions. The agreement includes a plant in the...
The attacks that occurred last week in Brussels altered the meeting between Jean-Claude Juncker, President of the European Commission and Manuel Valls, the French prime minister. But nevertheless, they were finally able to address the decline of the European steel industry. As Juncker said "the steel...