Steel Times International News
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UK steel braces for huge extra costs as energy scheme ends
British heavy industry has warned that companies will have to pay tens of millions of pounds in extra energy costs from next week if ministers do not extend an important support scheme.
28 March 2022 -
Thyssenkrupp Steel and STEAG partner in German hydrogen project
Thyssenkrupp Steel and STEAG have agreed on the delivery of hydrogen from STEAG’s Duisburg-Walsum site to thyssenkrupp Steel in Duisburg, Germany.
28 March 2022 -
Severstal risks default on debt after bank blocks payment
According to a report in The Financial Times, Severstal is on course to become the first major Russian company to default on its debt since the invasion of Ukraine, after Citigroup blocked an interest payment from the company that is majority owned by oligarch Alexei Mordashov.
25 March 2022 -
ArcelorMittal announces €300 million investment in new production unit
ArcelorMittal has announced an investment of more than €300 million, with the support of the French government, to create a new production unit for electrical steels at its Mardyck site in the north of France.
24 March 2022 -
US agrees to ease 'punitive' steel tariffs
According to a report in UK broadcaster BBC News, the US has agreed to ease Trump-era tariffs on UK steel and aluminium shipments, resolving an issue that had strained relations between the allies.
23 March 2022 -
US and UK trade talks continue over steel tariffs
US and UK trade talks took place in Baltimore this week, with discussions including trade dynamics, exports, and current global challenges. Some sources have said that the talks included discussion of a trade deal which would consequently end the current steel tariffs in place.
22 March 2022
