ArcelorMittal publishes updated statement regarding the impact of COVID-19

Luxemburg - "We are reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis."

31 Mar 2020

SSAB to initiate employer-employee negotiations in its Finnish operations

Stockholm - Temporary layoffs in Finnish operations following weakened market conditions as a result of the Covid-19 pandemic.

31 Mar 2020

New Integrated Control Center for Baosteel CC3 continuous caster

London –At the end of 2019 Baosteel commissioned an integrated control enter (ICC) for the CC3 two-strand continuous caster. The work was carried out in collaboration with Primetals  at the company's Steelworks No. 1 in Shanghai.

31 Mar 2020

Thyssenkrupp and labor union agree on an immediate "Corona crisis package”

Essen - Cost reductions and job cuts of 3,000 jobs required.

30 Mar 2020

US Steel to preserve strong long-term future in response to Covid-19

Pittsburgh - Steel company announces a series of aggressive and meaningful actions.

30 Mar 2020

Steel industry to remain competitive

Berlin/Düsseldorf – Federal Minister of Economics Peter Altmaier is working on a concept to revive the German economy after the acute crisis. This concept is not limited to economic stimulus programs but is intended to improve the competitiveness of the domestic economy.

30 Mar 2020

Management Change at KraussMaffei Group

Munich – Dr. Frank Stieler will resign from his office as CEO of KraussMaffei Group GmbH on March 31, 2020 and Dr. Michael Ruf, present COO of the company, will take over the position from April 1, 2020. The COO position will not be taken again.

30 Mar 2020

Coronavirus pandemic has a significant economic impact on Voestalpine

Linz - Short-time work in Austria and other European countries unavoidable.

27 Mar 2020

Industrial metals: Prices surprisingly immune to weak US data

Franfkurt - Steel prices have been relatively robust in recent weeks.

27 Mar 2020

Taiwan's machine tool industry defies the corona epidemic

Taipei - Taiwan's exports in 2019 were $ 3.064 billion, of which approximately $ 2.538 billion were for machine tools and $ 52.6 million for metal-forming machine tools.

26 Mar 2020

Financial year 2019: KUKA Group stable despite difficult market environment

Augsburg - KUKA was able to significantly improve its earnings and to achieve a positive cash flow.

26 Mar 2020

Bosch developing COVID-19-(SARS-CoV-2) rapid testing kit

Stuttgart – Bosch Healthcare Solutions is currently working on the development of a COVID-19 rapid testing kit for the Vivalytic platform and will launch this in April 2020. The Vivalytic VRI test (Viral Respiratory Tract Infections) checks the patient’s sample for the SARS CoV-2 virus.

26 Mar 2020