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Steel industry

Economy

US will only cut tariffs if EU softens digital rules enforcement

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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.

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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.

Markets

US Steel and Nippon file lawsuit after Biden blocks merger deal

The firms accuse the Biden administration of blocking the merger for "purely political reasons".

Japan

Source: 'regrettable' that Nippon Steel deal blocked due to security

A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan's Nippon Steel might have an impact on future investments between Japan and the US.

Business

Thyssenkrupp plans to cut total of 11,000 jobs in troubled steel unit

Germany's largest steelmaker is proposing to cut 5,000 jobs from the workforce and outsource another 6,000 as it seeks to cut staff costs by around 10%.

Business

Thyssenkrupp's steel division sees valuation slump

The unit has suffered from rocky economic conditions, fierce competition from Asian manufacturers, and a pressure to decarbonise.

Business

Thyssenkrupp is reviewing plans for manufacturing 'green steel'

Thyssenkrupp is revisiting its ambitious plan to produce green steel at its Duisburg site due to escalating costs. The German government has spent billions of Euros subsidising the project.

Business

Why are senior leaders at Germany’s Thyssenkrupp resigning?

A bitter restructuring row has left the firm’s steel division waving goodbye to its CEO, chair and five directors.

Business

German steelmaker ThyssenKrupp holding major restructuring talks

The firm's supervisory board will discuss the independence of its steel division in the face of fierce competition from Asia and climate demands.

Business

Unfair Chinese competition: EU plans anti-subsidy steel probe

In a joint effort with Washington, the European Union is planning anti-subsidy investigations against Chinese steelmakers.