Rio Tinto warns fresh COVID-19 lockdowns to put global recovery at risk

Rio Tinto warned on Friday that a resurgence in coronavirus cases was putting global economic growth at risk, and that steel production outside China has sharply dropped even as stimulus measures prop up demand in the top consumer. Worldwide trade has been showing signs of recovery as countries...

https://www.hellenicshippingnews.com/rio-tinto-warns-fresh-covid-19-lockdowns-to-put-global-recovery-at-risk/

Not a zombie! Thyssenkrupp workers want fast steel rescue decision

The German government must swiftly decide on whether it is prepared to take a stake in Thyssenkrupp’s ailing steel business, one of the firm’s labour leader said, adding steel remained a vital product for the country’s car sector. “Steel is anything but dead,” Tekin Nasikkol, who chairs the works...

https://www.hellenicshippingnews.com/not-a-zombie-thyssenkrupp-workers-want-fast-steel-rescue-decision/

Tata Steel may turn a corner as subsidiary’s Q2 results shows recovery on track

After a dull June quarter, the steel sector is building up a case for a turnaround. Tata Steel could have racked up profits in Q2 after covid-19 disruption. Its subsidiary Tata Steel BSL’s decent jump in volumes has seen it post a sharp recovery. And will also drive gains for the parent. Tata...

https://www.hellenicshippingnews.com/tata-steel-may-turn-a-corner-as-subsidiarys-q2-results-shows-recovery-on-track/

EU implements further stainless steel import protection as Asian capacity grows

The increasing dominance of stainless steel production by the Asian continent is not going unnoticed by the European mills. Low production costs and local raw material resources have attracted investments in new facilities in several Asian countries, highlighted by the rapid expansion of stainless steel flat product manufacturing in China, Indonesia and Vietnam. The growth …

The post EU implements further stainless steel import protection as Asian capacity grows first appeared on Hellenic...

https://www.hellenicshippingnews.com/eu-implements-further-stainless-steel-import-protection-as-asian-capacity-grows/