ArcelorMittal South Africa shares tumble on plan to close long steel ops

[ad_1] Shares at lowest level since January 2021 Longs unit closure to impact 3,500 jobs Steelmaker blames S.Africa’s weak growth, infrastructure crisis Nov 28 (Reuters) – ArcelorMittal South Africa (ACLJ.J)…

Germany moves to suspend debt brake for 2023 to fix budget turmoil

[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…

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…

Germany shelves 2024 budget talks as crisis deepens

[ad_1] Chancellor Olaf Scholz speaks next to Finance Minister Christian Lindner and Economy and Climate Minister Robert Habeck during a hearing at Germany’s lower house of parliament Bundestag following the…

Australian Forrests’ Tattarang acquires ‘iconic’ hat company Akubra

[ad_1] SYDNEY, Nov 19 (Reuters) – Tattarang, the private investment group of Nicola and Andrew Forrest, the Australian iron ore magnate, said on Sunday it had acquired Australian hatmaker Akubra,…

Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny

[ad_1] 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…

Tata Steel cuts 800 jobs in the Netherlands

[ad_1] Steel factory Tata Steel is seen in IJmuiden, Netherlands September 25, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing Rights AMSTERDAM, Nov 13 (Reuters) – The Dutch division of…

Steelmaker Outokumpu plans job cuts in Germany as Q3 earnings slump

[ad_1] Outokumpu logo is seen at the company’s head office in Helsinki, Finland May 22, 2018. REUTERS/Jussi Rosendahl/File Photo Acquire Licensing Rights Nov 7 (Reuters) – Finnish stainless steel maker…

Teck Resources says restructuring remains ‘priority’ after dour Q3 results

[ad_1] 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…

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

[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…