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Thousands of jobs are in danger after British Steel revealed plans that threaten to close its two blast furnaces. Up to 2,700 roles are at risk as a consultation was launched by the UK’s second largest steel producer, days after the firm’s Chinese owners rejected a government subsidy valued at £500million. Trade unions have responded…
JONAS METALS SOFTWARE UNITES GLOBAL OPERATIONS UNDER A SINGLE BRAND STRATEGIC INTEGRATION STRENGTHENS CUSTOMER VALUE AND SERVICE CAPABILITIES Jonas Metals Software, a leading software solutions provider for the metals industry, has unified its successful product portfolio under one strengthened brand. This strategic move brings the industry-leading software solutions—StockMaster, Prof.IT, MCMS, and iMetal—under a single corporate…
European steel market expectations for 2025 are far more tempered than at the start of 2024. However, with new European Commissioners in place, 2025 is shaping up to be the year Europe implements the long called-for industrial and steel action plans. Decarbonisation is still critical – but not if it causes deindustrialisation. European economic output,…
Fiber laser technology is evolving rapidly. Higher power, faster production, and better quality at lower costs. With these advancements transforming the industry, now is the perfect time for Voortman to expand its portfolio with four new laser cutting machines: Developing the V353: Listening to the market Sometimes the best ideas come straight from the field. As…
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Joe Biden blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel on Friday, citing concerns the deal could hurt national security and following through on a pledge to keep the steelmaker domestically owned as he prepares to depart the White House. “US Steel will remain a proud American company – one that’s American-owned, American-operated,…
The UK and Ireland subsidiary of German metal sawing machine, storage system and materials handling equipment manufacturer KASTO Maschinenbau has relocated its headquarters from Milton Keynes to be even closer to its main customer base in the Midlands. KASTO Ltd’s new address is Unit B4, Beauchamp Business Park, Wistow Road, Kibworth Harcourt, Leicester, LE8 0YE.…
Steel News | Nov. 25, 2024 Thyssenkrupp Steel says it will cut around 5,000 jobs in production and administration by 2030. A further tranche of 6,000 jobs is to be transferred to external service providers or shed through the sale of business activities. The steelmaker will lower annual production to 8.7-9 million tonnes, from 11.5mt…
