This morning in metals news, Tata Steel is making job cuts across its European operations, U.S. Steel announced it plans to reduce its greenhouse gas emissions by 20% by 2030 and copper ticked up again Monday. Job Cuts Coming to Tata Steel’s European Operations Steelmaker Tata Steel will cut jobs throughout its European operations, Reuters […]
Tag: Tata Steel
British Steel Sale Back Out for Open Tender as Talks with Turkish Buyer End
The British government has ended negotiations with the Turkish company Ataer Holding regarding its bid to buy British Steel, the Steel Times reported. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Ataer owns almost 50% of Erdemir, Turkey’s biggest steel producer, and is also […]
Thyssenkrupp Breakup Talks Resurface as Group Prepares for DAX Exit this Month
No one would argue that Thyssenkrupp has had its fair share of challenges in recent years. Formed from a merger in 1999 between steelmaking giants, Krupp and Thyssen, a recent Sky News article observed, makes them both older than the country of Germany. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
India’s Steel Sector Woes Continue as Steel Inventories Pile Up
India’s growth rate has slowed, which in turn means sluggishness in the manufacturing sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook All of the above means lower consumption of steel. Riding on these developments comes the news that domestic steel producers are sitting on a “larger than usual” steel […]
This Morning in Metals: Tata Steel Closures in U.K. to Potentially Impact 400 Jobs
This morning in metals news, Tata Steel is closing some of its operations in the U.K., copper is down to a two-year low and the Dow Jones dropped on the heels of the latest round of tariffs going into effect Sept. 1. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: China to Impose Tariffs on $75B Worth of U.S. Goods
This morning in metals news, China’s Finance Ministry announced new tariffs on U.S. goods, Germany’s thyssenkrupp is suing over the European Commission’s decision to block a proposed merger with Tata Steel and iron ore prices could continue to slide. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China to Impose New […]
Indian Steel Companies Worry About Demand as Auto Sales Fall
Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The slump in the sales of four- and two-wheelers […]
Tata Steel Plans to Increase Annual Crude Steel Capacity to 30M Tons by 2025
India’s foremost private sector steel company, Tata Steel, plans to increase crude steel capacity to 30 million tons a year by 2025, from the present level of approximately 20 million tons a year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Toward that goal, the steelmaker said it will raise […]
This Morning in Metals: U.S. Steel Sector’s Capacity Utilization Reaches 81.5%
This morning in metals news, U.S. steel mills churned out steel at a capacity utilization rate of 81.5%, the E.U. officially blocked the proposed joint venture of the European operations of Tata Steel and Thyssenkrupp, and the Aluminum Association is looking for a new CEO. Need buying strategies for steel? Request your two-month free trial […]
Is British Steel a Victim of Brexit or an Undeserving Wastrel?
According to the BBC last week, British Steel, the U.K.’s second-largest steel producer, is knocking on the door of the British government for the second time in as many months looking for support. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In April, the firm borrowed £120 million from the […]
