ifo Business Climate Index Rises at Year-End

Munich – In the run-up to Christmas, sentiment among German executives has improved noticeably. The ifo Business Climate Index rose from 95.1 points1in November to 96.3 points in December. The indicator of the current situation rose. Expectations also improved.

19 Dec 2019

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

Luxemburg - Aditya Mittal, President and CFO of ArcelorMittal, has been appointed Chairman of AM/NS India.

18 Dec 2019

SSAB Americas to produce first fossil-free steel in North America

Iowa - Company anticipates fossil-free steel production by 2026; Iowa mill to be powered completely by renewable energy by 2022.

18 Dec 2019

China has produced significantly more metals

Frankfurt - China produces 20 % more copper and 13 % more stainless steel than in the previous year.

18 Dec 2019

ArcelorMittal Europe sets target to cut carbon emissions by 30% by 2030

Luxemburg - Ambitous targets to contribute to the European Commission’s Green Deal.

18 Dec 2019

Die Construction to become part of future Deutsche Werkzeugbau Group

Göppingen – Schuler Pressen GmbH has reached an agreement with a strategic investor group based in Munich, Germany, regarding the takeover of its die construction activities in Göppingen and Weingarten, Germany.

17 Dec 2019

Shipments & stocks of EU steel distribution in first 10 months 2019

Luxembourg – In the first 10 months of 2019, shipments of EU SSC dropped by -3,6 %. In same period shipments of EU multi-product & proximity steel stockholding distribution were down by -4,8%

16 Dec 2019

Aperam announces its 2030 environmental objectives

Luxembourg - Aperam, the world's greenest stainless steel producer, announces today its targets to significantly reduce its environmental footprint by 2030, and its ambition to become carbon neutral in its European operations by 2050.

16 Dec 2019

Stainless steel melt shop production increased first nine months of 2019

Brussels - International Stainless Steel Forum (ISSF) figures show that stainless steel melt shop production increased by 3.4% year–on–year.

13 Dec 2019

US China trade agreement already largely priced in

Frankfurt - Coupled with the weak economy lower metal prices are most likely to be expected next year.

13 Dec 2019

Trade restrictions by WTO members at historically high levels

Geneva – The Director-General’s annual overview of trade-related developments discussed on 12 December at a meeting of the Trade Policy Review Body shows that trade restrictions by WTO members continue at historically high levels.

13 Dec 2019

SMS group supplies continuous caster with Industrie 4.0 technology

Düsseldorf – Shandong Iron & Steel Group Co. Ltd., Rizhao, China, has awarded SMS group the final acceptance certificate, following the successful commissioning of its new continuous caster for ultrawide slabs.

13 Dec 2019