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Europe News

EU watching for Chinese steel and electronics imports amid trade war

As reciprocal tariffs kick in, the EU is expecting goods formerly destined for the US to seek EU markets, with Chinese renewables, steel and electronics topping a list of products the Commission is keeping its eye on.

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.

Europe in Motion

Who are the EU’s top iron and steel trade partners?

Turkey and the US are the biggest export partners.

Europe News

EU plans to reduce steel imports by 15%

The European Commission presented on Wednesday an action plan for the steel and metals industries. In a sector marked by strong international competition, the European executive plans to tighten import quotas with an objective of 15% reduction.

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Europe News

EU to tighten controls on steel imports and waste metal flows

The EU plans to tighten controls on steel and aluminium imports to prevent market dumping and restrict countries from blocking waste metal imports.

Europe News

Tariffs: EU hits Trump-voting US states

In its response to the US tariffs on steel and aluminium, the EU is aiming to be 'smart' and hit US Republican-leaning states.

Europe News

EU strikes back against US steel and aluminium tariffs with retaliatory package

European Commission president Ursula von der Leyen announced a response to new US tariffs on steel and aluminium imports, unveiling a package of countermeasures aimed at US exports.

Europe News

Commission touts action plan for steel industry faced with US tariffs

The Commission has pledged an action plan for the steel industry to be launched in mid-March, days after US President Donald Trump's threatened tariffs against the sector are slated to come into force, beckoning the onset of a trade war.

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

Countries warn of economic fallout from Trump's steel tariffs

Canadian Prime Minister Justin Trudeau is among the leaders who have hit back at US tariffs. He called them "unjustified" and vowed swift retaliation.

Markets

Markets unsettled as Trump imposes 25% tariffs on steel and aluminium

US President Donald Trump officially imposed 25% tariffs on steel and aluminium imports, sparking selloffs in the stock markets, and a further surge in gold prices.

Europe News

EU will react against 'unlawful' US tariffs, says European Commission

The European executive has announced that it would retaliate against US tariffs on aluminium and steel if they are confirmed, considering them unlawful and counterproductive.

Design

Who were the Brutalist architects behind the Oscar-nominated film?

A firm favourite for Oscar glory this year 'The Brutalist' is not a biopic but rather a film loosely based of several real people. All share one common denominator; they were the godfathers of Brutalism, an influential, and divisive architectural movement.

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.

Europe News

ArcelorMittal green steel backtrack raises fears over clean transition

European Commission top brass set to visit steel multinational’s Belgian plant this week in the wake of a warning that low-carbon steel projects won’t go ahead without further policy support from Brussels.

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.

Europe News

EU car and steel industries call to avoid US tariffs

A recent study found that 186,000 jobs could be lost in the European automotive industry over the next decade.

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

Joe Biden prepares to block Nippon Steel's takeover of US steel

Critics say that blocking the $15bn (€13.53bn) deal could risk thousands of jobs.