Thyssenkrupp Steel Europe: Dubious US Investor Interested in Germany's Largest Steel Company
Thyssenkrupp Steel Europe is in distress, yet interest in acquisition remains strong, with Jindal Steel and now Flacks Group vying for the company.
Ilva, the newco of Mr. Flacks ready by March
The legal situation surrounding the former Ilva steel plant in Taranto is increasingly uncertain as U.S. investor Mr. Flacks' group works on establishing a new company to proceed with the sale and ensure urgent maintenance following a recent fatal incident.
Protest by employees for salary hike, causing a ruckus; Video
Employees at a steel company in Surat protested for a salary hike, leading to tense confrontations and heavy police presence.
VIDEO: 'Fire in the Sky' Scares Residents and Draws Attention in Timóteo
Residents in Timóteo were alarmed by a large flame visible in the night sky, later clarified by the Aperam steel company as part of a controlled safety procedure.
Sheinbaum proposes the reactivation of Altos Hornos de México; requests that workers be paid first
President Claudia Sheinbaum emphasizes the importance of prioritizing Altos Hornos de México workers in legal proceedings and urges for the reactivation of the steel company to prevent its dismantlement.
Failed start-up of the blast furnace in Spain. The steel giant has a serious problem
A steel company in Spain is facing significant challenges after five failed attempts to restart a blast furnace, leading to its shutdown and a potential two-year repair process costing around €100 million.
Ternium begins operations of the third phase of expansion in the Industrial Center in Pesquería
Steel company Ternium has confirmed the launch of operations for the third phase of its industrial project in Pesquería, Mexico, including a $4 billion investment upon completion.
Locals back Aussie bid for Whyalla but competition concerns loom
Locals are supportive of Australian company BlueScope Steel's bid for the Whyalla steelworks, despite warnings of potential market concentration issues.
Ternium takes control of Usiminas after buying Nippon's stake in Brazil
Ternium has acquired the remaining stake of Nippon in Usiminas, solidifying its control over the Brazilian steel company.
The Police are searching the Sidenor plant in Basauri, investigated for selling steel to a company in Israel
The National Police in Spain is conducting a search of the Sidenor plant in Basauri as part of a secret investigation into the alleged sale of steel to a military contractor in Israel.
Kanadevia considers merger with Nippon Steel Engineering to become the largest in the engineering industry
Kanadevia has agreed to start discussions on a merger with Nippon Steel's subsidiary, Nippon Steel Engineering, which could lead to the largest plant engineering company in Japan with an annual revenue exceeding 1 trillion yen.
Industry: US corporation buys traditional company from the Ruhr
The 1906-founded steel dealer Klöckner & Co. is being sold to Ohio's Worthington Steel, with a deal that offers Klöco shareholders an 80% premium per share.
Will Ostrava become a steel city again? The company Nová huť wants to restore its production within four years
The company Nová huť plans to revive steel production in Ostrava within four years, raising hopes for a return to the city's industrial roots.
Australia news live: BlueScope rejects $13.2bn Stokes bid; police warn of shopping centre carpark scam
BlueScope Steel has rejected Kerry Stokes' $13.2 billion takeover bid, stating it undervalues the company, while police are warning about a scam in shopping centre carparks.