Rational AG (German supplier of stainless steel cooking equipment for catering) experienced a 7% turnover decline in Q1/21. In spite of a weak market, the company plans to invest. Read more
German beverage filling equipment supplier Krones AG achieved a turnover of EUR 874.6 million in Q1/21 (-7% yoy). Order intake grew by 27% yoy. Read more
Tsingshan is leading the list with 3 mill t followed by Walsin Lihwa, Viraj and Yongxing who all produced over 300,000 t in 2020. All winners and losers can be found at the new 2020 ranking. Read more
No surprising increases of exhaustion this week – “Others” including Indonesia and Vietnam, heading for full exhaustion in STS Colled Rolled Coils section. Read more
Increased Stainless steel AD duties were upheld by US Trade Court against Venus Group, Jindal and Laxcon. Venus Group has dropped appeal against measures. Read more
Faurecia (largest stainless steel exhaust equipment maker) extended a syndicated credit line for EUR 1.5 billion in May 2021. The company also received orders for hydrogen equipment. Read more
Chinese stainless steel flat producer Tisco signed a contract with Chinese engineering companies for the upgrading of Tisco's hot rolled stainless steel plate-mill-plate equipment. Read more
Duplex and Lean Duplex specialist for building and construction applications, Modersohn (Germany) has developed a special surface finishing process. Read more
In Germany, the number of newly registered cars increased by 37%. In May 2021, production even grew by 58% but still remained below pre-pandemic levels. Drivers were e-cars and exports. Read more
Cold Weather and return to the normal VAT scheme at the end of 2020 has led to a Q1/21 slowdown in the German building and construction industry. Read more
International Stainless Steel Forum awarded members for good practices and novel ideas in the areas of best technology and market development as well as safety and sustainability. Read more
SMR’s latest analysis of the next 10 years shows that the European stainless steel industry will need more crude steel capacity. It looks now that Aperam will be the first company to answer that call. Read more
The European Commission has imposed provisional anti-dumping duties on cold rolled stainless steel originating from India and Indonesia. Association Eurofer sees it at first step. Read more
The latest surcharge from ‘LZ Prognose’ is available including data until August 2021. ‘LZ Prognose’ has adjusted its Forecast and expects partially substantially higher surcharges than before. Read more
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