Thyssenkrupp prolongs Isbergues production halt Thailand green steel drive gains momentum U.S. mills lift output as scrap stays firm Sarralle wins Romania meltshop contract
Thyssenkrupp Electrical Steel will fully shut its Isbergues, France, site from June to September 2026, extending an earlier 50% production cut introduced at the start of the year. The company says rising imports of grain-oriented electrical steel have sharply reduced orders and pushed European operations into severe underutilisation.
The company has called for stronger EU trade protection, arguing that some import prices are falling below European production costs. Thyssenkrupp also said the move is tied to protecting around 1,200 skilled jobs across its sites in Gelsenkirchen and Isbergues. Grain-oriented electrical steel remains a critical material for transformers, substations, and wind turbines, making the issue important for the wider energy and steel market.
Also Read : Germany subsidises hydrogen-ready gas plants for green energy push EU Plans 25–50% Tariffs on Chinese Steel to Protect Local Industry
Larsen & Toubro's (L&T) Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH), has obtaine...
Large Corporate 07-Mar-2024
The demand for energy is consistently on the rise, and coal plays a pivotal role in India's energy s...
Press Releases 25-Apr-2024
POSCO, LG Chem partner for CCU decarbonization project. Pilot steel carbon capture plant planned by...
Business 08-May-2025
The German government has approved plans to provide subsidies for gas power plants capable of transi...
Europe 05-Feb-2024
The outlook for iron ore has dimmed today, driven by significant changes in China's inventory levels...
Raw Material 12-Aug-2024
JSW Steel mentioned that its subsidiary JSW Steel USA aiming to invest $110 million to modernise its...
Large Corporate 25-Jun-2024