On 14 December Polo Steel held its first meeting. Steel Pole was launched recently by the ITMA, ArcelorMittal, Grupo Daniel Alonso, Idesa Innovation, Duro Felguera, Astilleros Gondán, Hiasa, Talleres Alegría, Tuinsa Norte, Mivisa y García Rama. The meeting, held at the Institute of Economic Development...
Earlier this year, experts estimated that ArcelorMittal abandons losses this 2015, but it seems that finally it will not. After the Chinese black Monday (August 17), the market consensus collected by FactSet estimated the red number close to 400 million euros compared to the...
China's steel production will drop in 2016 for the second consecutive year, facing a weak demand caused by the cooling of the economy. According to the annual forecast of Metallurgical Planning and Research Institute (MPI), the production would cede 3.1%, to 781 million tons next...
While all major European companies face increasing pressure to reduce their emissions of greenhouse gases, the German steel and technology group ThyssenKrupp, gets creative to tackle CO2 emissions. Along with other major national companies, ThyssenKrupp is looking for a way to convert the gases into...
According to estimates made last week by the unions, Somewhat more than 900 workers in factories of ArcelorMittal Asturias will leave the company during the next four years. The company informed the employee representatives of its intention to accept the new exit plan included in...
According to the study released by the Brazilian Steel Institute (IABr) last week, the Brazilian steel production should fall this year by 2.0 percent from a year. The reduction in production is attributed to a 16.3% drop in domestic sales this year to 18.2 million...
The Institute of Economic Research of North Rhine-Westphalia (RWI) testifies that with 85 percent of capacity utilization, the industry has become stabilized after four years of ups and downs. In the first three quarters of the year they produced 32.6 million tons of steel,...
This week the 56 Congress of the Latin American Steel Association was held in Buenos Aires, with the participation of all representatives of the value chain in the region. "The region is receiving increasing Chinese steel under unfair trade which does not meet the WTO...
According to the North American steel industry associations, to treat China as a market economy in anti-dumping investigations would create severe damage to their steel industries and economies belonging to the North American Free Trade Agreement (NAFTA). It's the conclusion of a study of three...
On October 23 the giant communicated to the unions the immediate implementation of a contingency plan in its Spanish plants to cope with the unexpected drop in orders and the weak market forecast for the coming months, due to strong competition Chinese steel. The contingency...