© Reuters. Paris Auto Show BERLIN (Reuters) – Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW (DE:), Volkswagen (DE:) and Daimler (DE:) – a total of 100 million euros for forming a cartel to buy steel. From 2004 to 2013, the carmakersRead More →
(Bloomberg) — Tata Steel Ltd. plans to axe about 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K. About two-thirds of the reductions would be office-based staff, according toRead More →
© Reuters. A worker is seen at the Tata steel plant in Ijmuiden LONDON (Reuters) – Tata Steel (NS:) plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. Following a weekend interview in the Financial Times withRead More →
© Reuters. U.S. Steel to idle Indiana plant, 150 jobs at risk CHICAGO (Reuters) – U.S. Steel said on Friday it will idle a plant in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result in lay-offsRead More →
© Reuters. U.S. Steel plans to lay off hundreds of workers in Michigan CHICAGO (Reuters) – United States Steel Corp (N:) will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan.Read More →
© Reuters. Weight of history: Chongqing Steel and China’s state sector dilemma By David Stanway CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (SS:) (HK:), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shiningRead More →
© Reuters. Worker walks past rolls of steel wires at a factory in Nantong, Jiangsu WASHINGTON (Reuters) – The U.S. government on Monday said domestic producers were being harmed by imports of fabricated structural steel from China and Mexico, and that it would instruct the customs agency to collect cashRead More →
© Reuters. FILE PHOTO: Guido Kerkhoff, CEO of steelmaker Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum FRANKFURT (Reuters) – Thyssenkrupp (DE:) will still seek partners for its steel operations after abandoning a European merger with India’s Tata Steel, Chief Executive Guido Kerkhoff said in comments published onRead More →
© Reuters. FILE PHOTO: Iron workers install steel beams during a hot summer day in New York By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department announced Tuesday it will open a new anti-dumping probe to determine whether fabricated structural steel from Canada, China and Mexico is being soldRead More →
