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Industry News
Latest developments in hardware manufacturing, trade policies, and market trends.
EU approves acquisition of HKM by Salzgitter Mannesmann
The European Commission has approved the acquisition of Germany-based Hüttenwerke Krupp Mannesmann (HKM) by local company Salzgitter Mannesmann GmbH under the EU Merger Regulation. The transaction was reviewed under the simplified merger procedure. According to the Commission, the proposed acquisiti
Eurometal - European Metals Trade
ArcelorMittal Germany to develop large-scale battery storage system at Bremen plant
ArcelorMittal Germany and EDF Power Solutions Germany have signed an agreement to develop a large-scale battery energy storage system at the Bremen steelworks, marking another step in the steelmaker’s broader strategy to improve energy efficiency and reduce carbon emissions. The planned facility wil
Eurometal - European Metals Trade
Attestor finalises Padana Tubi acquisition, appoints new ceo
Italian re-roller Padana Tubi and UK-based investment firm Attestor have completed their acquisition deal, appointing Mariano Armengol as chief executive and announcing a new board of directors. The new governance structure coincides with Attestor’s entry into Padana Tubi’s share capital as majority
Eurometal - European Metals Trade
Klöckner & Co expects higher European sales volumes
Steel distribution group Klöckner & Co expects a gentle recovery of demand, and higher shipments in the second quarter of the year, especially in Europe. Its outlook is cautiously upbeat about the developments in Europe as well as Americas. On the main customer industries on both continents – co
Eurometal - European Metals Trade
IAA needs revision to generate transition investments
The Industrial Accelerator Act (IAA) proposal’s failure to include a “Made in Europe” mandate for steel means it will not generate the investment needed for the low-carbon transition of Europe’s steel industry, says Eurofer. The European Commission confirmed in March its IAA legislative proposal inc
Eurometal - European Metals Trade
Greensill silence on Trasteel bid risks Magona bankruptcy
Trasteel has confirmed to authorities its interest in coil service centre Magona and submitted an offer to lease and subsequently acquire control of the company, sources close to the dossier tell Kallanish. The move could give a strong boost to efforts to restart the Piombino facility. “Of great con
Eurometal - European Metals Trade
European Commission clears ArcelorMittal CLN merger
The European Commission has cleared the merger between ArcelorMittal and its Italian flat steel service centre joint venture, ArcelorMittal CLN Distribuzione Italia, which it has co-owned with CLN since 2015, Kallanish learns from the Commission. “The Commission concluded that the notified transacti
Eurometal - European Metals Trade
Tenaris appoints Gabriel Podskubka to succeed ceo Paolo Rocca
Tenaris has appointed Gabriel Podskubka as its new chief executive, the company says in a statement seen by Kallanish. Podskubka succeeds Paolo Rocca, who will continue to serve as chairman of the board. “We would like to express our profound gratitude to Paolo Rocca for his outstanding leadership i
Eurometal - European Metals Trade
Derichebourg agrees to buy Scholz Recycling
France-based Derichebourg has agreed to acquire European Scholz Recycling assets from Chinese firm Chiho Environmental.
Recycling Today - Metals Recycling
Hino Trucks introduces new Le Series battery electric vehicle
The new series is designed to reinforce Hino Truck’s commitment to reducing environmental impact.
Recycling Today - Metals Recycling
Global Steel Prices Rise 5% Amid Supply Chain Disruptions
Steel prices increased significantly across global markets as supply chain disruptions continue to impact production. The upward trend affects hardware manufacturers worldwide.
Metal Bulletin
PureCycle loses money but boosts output
The solvent-based plastics recycler says its Ohio facility has increased its output while two facilities overseas are either under construction or awaiting permits.
Recycling Today - Metals Recycling