Thyssenkrupp posts $2.3 billion impairment on steel division

[ad_1] Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights…

Brazil’s Vale creates company to sell sand from iron ore tailings

[ad_1] RIO DE JANEIRO, Oct 17 (Reuters) – Brazilian miner Vale (VALE3.SA) said on Tuesday it has created a company that will sell and distribute sand obtained from its iron…

China’s Huawei sets up commodities hedging team in Singapore, Hong Kong

[ad_1] Sept 29 (Reuters) – Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company’s job posts on…

Sweden’s H2 Green Steel raises $1.6 billion for Boden plant

[ad_1] OSLO, Sept 7 (Reuters) – H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the…

Exclusive: India’s JSW Steel slows process to buy stake in Canada Teck coal unit, source says

[ad_1] [1/2]The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada…

Saudi’s SABIC to sell steel unit Hadeed to PIF for $3.3 billion

[ad_1] DUBAI, Sept 3 (Reuters) – Saudi Basic Industries Corp (2010.SE) said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment…

US Steel to explore strategic alternatives after unsolicited bids

[ad_1] Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File Photo Aug 13 (Reuters) – United States Steel (X.N) said on…

Thyssenkrupp Nucera to supply electrolysis plant in Sweden

[ad_1] A general view of the ThyssenKrupp headquarters in Essen, Germany, November 17, 2022. REUTERS/Thilo Schmuelgen/File Photo STOCKHOLM, May 22 (Reuters) – IPO candidate Thyssenkrupp Nucera (TKAG.DE) will supply more…

Emirates Steel Arkan considers Thyssenkrupp steel stake -Bloomberg News

[ad_1] April 26 (Reuters) – Emirates Steel Arkan (EMSTEEL.AD) is considering a potential investment in Thyssenkrupp’s (TKAG.DE) steel business and could make a formal bid in the coming months, Bloomberg…

Thyssenkrupp’s restructuring plan has ‘failed’, labour bosses say

[ad_1] FRANKFURT/DUESSELDORF, March 31 (Reuters) – German industrial group Thyssenkrupp’s (TKAG.DE) powerful labour representatives lashed out at leadership on Friday, demanding a strategic roadmap while saying that CEO Martina Merz’s…