Nov 13

ArcelorMittal Italia closes in on deal: reports

According to local broadsheetRepubblica,the Italian government is willing to invest 1 billion ($1.18 billion) to relaunch the steelmaker formerly known as Ilva, now ArcelorMittal Italia. The Italian government has designated Invitalia to negotiate with AM InvestCo, ArcelorMittals Italian entity. The amended lease and purchase agreement for Ilva states that the governments equity investment is
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Nov 13

Tata Steel responds on EU asset sale rumours

Tata Steel this week has responded to an official request for clarity issued by the National Stock Exchange of India over the ongoing rumours that the company is close to selling some of its European assets,Kallanishreports.. In a note sent to the exchange, the company said that it regularly evaluates strategic opportunities across various
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Nov 13

Salzgitter supplies plate for Brittany wind farm

Salzgitter group is delivering 50.000 tonnes of thermomechanically rolled plates for the Spanish group Navantia S.A. for the offshore wind farm Saint-Brieuc off the Brittany coast, Kallanish hears from the steelmaker. The plates are made at Salzgitters units Ilsenburger Grobblech and Salzgitter Mannesmann Grobblech, and will serve to build 62 jackets (foundation structures) and 186 piles
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Nov 13

British Steel pushes further rail research

British Steel announced a partnership with the University of Sheffield to further research into producing the highestquality possible of rails for the market,Kallanishlearns from a companystatement. The company, which supplies the majority of the track laid in the UK and exports to major networks across the globe, is working with the University to ensure
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Nov 09

China to improve tax rebates for steel exports

The Chinese Ministry of Commerce and the Ministry of Ecology and Environment are studying new export tax rebate policies to promote steel exports,Kallanishnotes from aChina Business News - report. Tong Yanchao, the director of the Project Division of the Department of Atmospheric Environment at theMinistry of Ecology and Environment, recently revealed Chinawill introduce tax rebate measures
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Nov 09

German fabricators regain optimism following initial pandemic shock

The economic impact of the coronavirus caused a -19.1% on-year drop in first-half-of-2020 production in Germanys steel and metal working industries. According to their association, Wirtschaftsverband Stahl- und Metallverarbeitung (WSM), the second quarter saw a relative recovery. While production in April was down -35.5% year-on-year, the difference by July had reduced to -16.7%, meaning
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