Major Salzgitter shareholder mulls takeover bid
Salzgitter announced on Monday that its second-largest shareholder GP Gunter Papenburg is considering a possible takeover of the German Steelmaker with a partner. The offer is only valid if TSR Recycling and the two-party consortium…
Oil Loses Commodity Trade Crown to Unlikely Challenger
China Apr rebar turnover overtakes crude, but many wary China's soaring rebar trading will collapse. Crude oil futures, long the king of commodity trading, have lost their dominant position as the world's most traded and valuable…
Gerdau, Sumitomo, JSW Form Wind Power JV
Brazilian steelmaker Gerdau SA will form a joint venture with Japan's Sumitomo Corp and Japan Steel Works Ltd (JSW) to compete in the wind power sector in Brazil, Gerdau said on Wednesday. With 280 million reais ($70 million) in investment for new equipment…
DW: Cyclical Steel Ride Continues
Since 1990, steel has been used in the construction of some of the world’s biggest thrill rides but in recent years it is the steel market itself that has seen all the dips and climbs of a high speed rollercoaster. As the global…
