The French government will increase its stake in vehicle manufacturer Renault to 19.7% from the existing 15% with an investment of around €1.23bn. French industry ministry said that the government has purchased 9.6 million Renault ...
Tags: French government, Renault
Luxembourg-based global steelmaker ArcelorMittal has announced that it is investing €92 million in a complete revamp of the blast furnace No. 2 at its Dunkirk plant in France. The Dunkirk plant's slab output capacity will remain at 7 ...
Tags: Blast Furnace, steelmaker
ArcelorMittal Flat Carbon Europe (FCE) is all set to supply about 140,000t of drawn and wall iron (DWI) steels to beverage can producers across the globe in 2013. The company will produce the steel at its FCE Packaging Europe sites ...
Tags: Beverage Can, Packaging
Global steel giant ArcelorMittal is starting mothballing of its two blast furnaces at its Florange site in Lorraine, France on Wednesday, April 24, according to media reports. The company expects to complete the shutdown of the hot stoves ...
Tags: steel giant, Mineral
Reportedly ArcelorMittal is firm to suspend the closure of its plants and job cuts in Europe after negotiation with EU Commission. The EU Industry Commissioner Mr Antonio Tajani said no more job cuts in its Europe plants that employ ...
Tags: steel industry, ArcelorMittal
Reportedly EU ministers and European Commission call on ArcelorMittal to postpone planned capacity cuts until they confirm proposals to revive Europe’s steel sector, Industry Commissioner Antonio Tajani said on Tuesday. ...
Tags: ArcelorMittal, capacity cuts, steel sector
Global steel giant ArcelorMittal has announced that it has completed a €7 million investment to produce a lightweight steel product called Usibor at the galvanizing line at its Florange steel plant located in France. It is the first ...
Global steelmaker ArcelorMittal is considering resuming a blast furnace in its Dunkerque steel plant in northern France, according to media reports. The restart decision is believed to be a result of the slight rise in European steel ...
Tags: steelmaker, ArcelorMittal, Dunkerque steel plant, northern France
The Commission should ensure that EU state aid rules take account of steel industry needs, keep an eye on threatened plants and deliver its promised action plan to help the sector as soon as possible, Parliament in a resolution voted on ...
Tags: steel industry needs, EU, action plan, EU state aid
France is considering nationalizing an aluminium plant owned by Anglo Australian mining group Rio Tinto. The potential move is being studied by officials working for Arnaud Montebourg, the Industrial Recovery minister, just 10 days after ...
Tags: aluminium plant, Rio Tinto, Industrial Recovery minister, Mineral
A French minister cast doubt Sunday on whether the world's top steelmaker ArcelorMittal would keep its end of the bargain after a compromise deal on a key plant that Paris had threatened to nationalize. French Ecology Minister Ms Delphine ...
Tags: stainless steel, buy steel pipe, steel market prices, steel industry
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
AFP reported that ArcelorMittal welcomed Saturday a deal over the future of one of its plants that the French government had threatened to nationalize. ArcelorMittal executive Mr Henri Blaffart said “It is positive that we ...
Tags: ArcelorMittal, steel production, investment
Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...
Tags: ArcelorMittal, steelmaking, blast furnaces
Reuters reported that Mr Arnaud Montebourg Industry Minister of France has told that there is an industrialist willing to invest EUR 400 million to renovate ArcelorMittal's Florange steelworks in northeast France. Raising pressure on ...
Tags: Arnaud Montebourg, Florange, Florange steelworks, ArcelorMittal