In consonance with the economic undulations prevalent in much of the developed world the steel market has been playing second fiddle. With whole of 2012 washed off in guess work about turnaround in the economic crisis in Europe and USA ...
Tags: flat steel market, flat steel, steel, steel prices
ANSA reported that Italian Senate has approved a decree on Thursday to keep the troubled ILVA steel plant in Taranto operating and employees working while a clean up operation takes place. The decree was passed by the government cabinet ...
Tags: ANSA, Italian, ILVA steel plant, ILVA Decree
Italy's lower house of parliament,chamber of deputies,on Wednesday approved legislation to keep the troubled ILVA steel plant going during a two-year clean-up to resolve environmental concerns. The Chamber of Deputies approved the decree ...
Tags: ILVA, environmental concerns, steel plant
AGI reported that ILVA has asked for 1,428 workers to be placed on welfare until January 31 due to the effects of decisions made by investigating magistrate Patrizia Todisco to seize finished and semi finished products worth about one ...
Tags: ILVA, welfare, unemployment benefits, markets
December has generated some heat in the European flat steel market with mill in major steel producing countries hiking price by EUR 10 per tonne to EUR 20 per tonne. Combination of supply driven and bid to eke out better price in Q1 2013 ...
Tags: steel market, major steel producing countries, hiking price
Reuters reported that Luxembourg based stainless steel maker Aperam is interested in buying the ThyssenKrupp Acciai Speciali Terni plant in Italy, the company said, joining what sources said was a list of possible bidders. Others ...
Tags: stainless steel maker, Aperam, ThyssenKrupp Acciai Speciali Terni
Reportedly, the steel market in Europe continues to face downturn. As 2012 is coming to an end, the buyers are extremely reluctant to place orders but steel mills are hiking prices, hoping to get better results at the reopening in ...
Tags: Carbon steel, Steel Market, Russian Mills
As per latest market information from Europe, the steel market continues to face southward headwinds While the buyers are extremely reluctant to place orders as 2012 is coming to an end, steel mills are pushing up prices, hoping to get at ...
Tags: Monday Market, steel market
By this amendment the Italian government wants to reiterate ILVA faculty of trading its own products, including those produced before the Decree issuing date and presently confiscated. The Environment Minister, Mr Corrado Clini, will soon ...
Tags: Italian government, ILVA, trading products
ANSA reported that prosecutors in the city of Taranto on Monday issued a European arrest warrant for Mr Fabio Riva, an executive of the ILVA steel plant at the center of an environmental dispute between local prosecutors and the national ...
Tags: prosecutors, warrant, ILVA
Reuters reported that it is unwise for governments to intervene to avoid the closure of steel plants in the euro zone's oversupplied market. The chief executive of Austrian steelmaker Voestalpine said that in the last few weeks both the ...
Tags: steel plants, steel production, Eurofer
ANSA reported that two Italian cabinet ministers said that the outgoing technical government aims to shepherd through parliament the so called "ILVA decree", in addition to reforms laid out in next year's budget, before it is dissolved for ...
ILVA has announced that 1031 employees have been made redundant until December 3 as a result of the damage caused by the recent tornado. The sectors affected are steelworks 1 and 2, landing stages, ironworks management and a number of minor ...
Tags: employees redundant, ILVA, tornado influence
Reuters reported that Italy faces a deep crisis as its biggest steel plants struggle for survival, putting it in the forefront of a permanent decline in western Europe’s steel sector and increasing cost pressures on many of the ...
Tags: Steel, steel plants, steel sector
AGI reported that following the AIA commission's provisions, ILVA's blast furnace 1 was shut down on Saturday at 5:50 AM. The company said that the revamping procedures will take 18 months and the blast furnace will be restarted in the ...
Tags: blast furnace, oven batteries, coke oven