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Declining Steel Market in Germany: Volkswagen Plant Closures Signal Broader Industry Struggles Germany is facing challenges in its steel industry, as recent news highlights a significant downturn. The Volkswagen shuts down factory in Germany for the first time in 88 years underscores the pressures impacting automotive suppliers, which in turn
Europe’s Steel Market Faces Major Challenges Amidst Regulatory Uncertainty The European steel market is encountering severe downturns as illustrated by recent policy shifts and observable activity declines across major plants. Notably, The EU will abandon plans to ban internal combustion engines from 2035, says a senior EU official and The
Positive Steel Market Outlook in Norway Amid New EU Regulations Norway’s steel market is reacting positively to upcoming EU regulatory changes, particularly due to the exemptions for Norwegian imports. Notably, news articles titled “New EU protective measures for steel will come into force on July 1” and “EU’s post-safeguard steel
ArcelorMittal Belgium’s Electrification Boosts Steel Production Outlook Amid Positive Market Trends ArcelorMittal Belgium is poised for a significant transformation in steel production, driven by the construction of the Baekeland high-voltage substation, as reported in ArcelorMittal Belgium advances low-emission steelmaking with new high-voltage substation. This strategic development is expected to enhance
Positive Momentum in Europe’s Steel Market: Increased Activity Amid Market Shifts In Europe, the steel market exhibits a positive sentiment driven by recent developments in plant activities and trade dynamics. Specifically, articles titled “Ukraine’s pig iron exports rise by 49% y/y in January-November” and “Ukraine reduced semi-finished exports by 30.5%
Asian Steel Market on the Rise: Strategic Acquisition Sparks Positive Activity In Asia, recent developments signal a very positive outlook for the steel market, highlighted by major acquisitions such as Interpipe enters agreement to purchase AMTP Roman shares and Metinvest acquires Romanian pipe plant ArcelorMittal Tubular Products. These developments correlate