This Morning in Metals: German State Confident Tata-Thyssenkrupp Merger Will Push Through

by on

bas121/Adobe Stock

This morning in metals, officials from Thyssenkrupp’s home German state indicated they are confident the merger proposed for the German firm and Tata Steel can be pushed through, a mothballed U.K. steel plant is now back up and running, and Great Lakes steel production picked up last week.

Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up

Time to Make a Deal

Tata Steel and Thyssenkrupp recently came to an agreement to merge their European operations — however, there are still some hurdles to clear in order to seal the deal on the move.

On Wednesday, German officials in North Rhine-Westphalia, the state in which Thyssenkrupp is located, indicated they were confident that management of the company would be able to strike a deal with workers, Reuters reported.

Gupta to Revive Shuttered Former Tata U.K. Facility

Sanjeev Gupta, of Liberty Speciality Steels, re-opened a steel facility Wednesday in the U.K. that was closed by former owner Tata Steel, The Economic Times reported.

Gupta revived a small bloom caster at its Aldwarke works facility in Rotherham, the Times reported. The move comes more than a year and a half after the facility was closed by Tata Steel UK.

Great Lakes Steel Production Up

Production of steel in the Great Lakes region recently got a boost, ticking up 2.7% last week, according to The Northwest Indiana Times.

Free Download: The September 2017 MMI Report

Last week, 684,000 tons of steel were produced in the region, according to the report citing data from the American Iron and Steel Institute (most coming from the northwest Indiana counties of Lake and Porter).

Comment (1)

  1. ashwini says:

    great job.. hope it will work and it also create opportunity for job seekers

Leave a Comment

Your email address will not be published. Required fields are marked *