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Steel industry

Europe News

French steelmaker invest €1.3 billion to produce 'green steel'

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Economy

US will only cut tariffs if EU softens digital rules enforcement

The US pushes for softer digital rules enforcement in exchange for tariff relief to the Europeans after Brussels meeting with Greer and Lutnick.

Business

Billions at stake: Chancellor Merz backs European patriotism for steel

If German steel production moves abroad, researchers warn this could result in a loss of up to €50 billion per year in value added.

Europe News

EU countries split over polluting credits in Green Deal pushback

Negotiations for pollution credits in 2040 climate neutrality goal could further water down the EU’s Green Deal in favor of European industry. A formal decision by environment ministers is due November 4.

Business

Why copper, aluminium and steel drive Trump’s MAGA agenda

Trump’s 50% tariffs on steel, copper and aluminium go beyond mere economics — they’re a bid to reclaim lost US industries and energise his MAGA base.

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Smart Regions

How waste heat from Hamburg’s copper smelter is warming the city but not the planet

In partnership with the European Commission

Hamburg, in northern Germany, is home to a one-of-a-kind district heating system. The hot water that supplies it is largely obtained from waste heat from the city’s copper smelter, meaning no CO2 is released.

Green News

Ombudsman takes up complaint over polluting Italian steel mill

It follows a complaint from local campaigners, accusing the Commission of indifference to the plight of Taranto residents and the environment.

Green News

Inside Taranto’s 12-year wait for EU action on steel plant pollution

The European Commission has been accused of misconduct over its handling of toxic pollution from Ilva, once Europe's largest steel plant.

Markets

European steel stocks rebound as Trump doubles steel tariffs to 50%

The share prices of European steel companies, including Thyssenkrupp and ArcelorMittal, all rose on Wednesday morning.

Business

Raw materials to keep British Steel plant operating reach the UK

The UK government said on Tuesday that it had bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.”

Economy

Chinese investment in the UK will face 'high trust bar', says minister

Chinese firms will have to fulfil strict criteria when investing in key sectors in the UK in the future, said the UK government after the rescue of British Steel.

Business

UK government not ruling out nationalising key British steel plant

The UK government has faced increasing pressure to preserve the country's own steelmaking industry, in order to reduce dependence on other countries for the metal.

Europeans' Stories

Green steel as a lifeline? EU Commission protects metal industry

Europe's steelworkers are furious. They are afraid for their jobs. Is there still a future for Europe's heavy industry? Yes, says the European Commission - and presents a rescue plan.

Business

President Trump orders review into Nippon Steel’s bid for US Steel

The two companies sued the US government in January after then president Joe Biden halted the Japanese purchase in the name of national security.

Business

British Steel closes plant after failing to get UK government help

More than 2,000 jobs are at risk as Britain's second-biggest steelmaker failed to get an agreement with the UK government to support further operations.

Business

Thyssenkrupp announces lower sales as shake-up plans proceed

Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending.

Economy

Trump to announce tariffs on steel and aluminium, with more coming

Trump's comments on 25% tariffs are the latest example of his willingness to threaten, and in some cases to impose, import taxes. Tariffs are coming much earlier in his presidency than during his previous four years in the White House, when he prioritised tax cuts and deregulation.