Germany’s thyssenkrupp wins contract to build 88 MW water electrolysis plant in Quebec

German steelmaker thyssenkrupp has won a contract to build an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec, the firm announced Monday. “This project is an excellent illustration of how important the interaction of secure access to competitive renewable energy and the use of scaled technology for hydrogen production is,” said Sami…

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German steelmaker thyssenkrupp has won a contract to build an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec, the firm announced Monday. “This project is an excellent illustration of how important the interaction of secure access to competitive renewable energy and the use of scaled technology for hydrogen production is,” said Sami...

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This Morning in Metals: Industry groups urge Biden to keep steel tariffs

This morning in metals news: several industry groups urged President-elect Joe Biden to continue existing steel tariffs and quotas; Germany’s OGE and Thyssenkrupp and Norwegian energy company Equinor are collaborating to mitigate emissions; and Norsk Hydro and Nuvosil are working on aluminum and silicon recycling technology. Industry groups urge Biden to keep steel tariffs President…

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This morning in metals news: several industry groups urged President-elect Joe Biden to continue existing steel tariffs and quotas; Germany’s OGE and Thyssenkrupp and Norwegian energy company Equinor are collaborating to mitigate emissions; and Norsk Hydro and Nuvosil are working on aluminum and silicon recycling technology. Industry groups urge Biden to keep steel tariffs President...

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This Morning in Metals: U.S. steel imports down 22% through October

This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the se…

This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst...

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Liberty Steel pushes for the big league with Thyssenkrupp offer

Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding…

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Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding...

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This Morning in Metals: Ford’s China sales rise by greatest amount since 2016

This morning in metals news: Ford’s China sales posted their largest year-over-year increase in Q3 since 2016; overall automotive sales in China gained 12.8% year over year; and Liberty Steel Group announced it has made an offer to acquire German firm Thyssenkrupp’s steel business. Does your company have an aluminum buying strategy based on current…

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This morning in metals news: Ford’s China sales posted their largest year-over-year increase in Q3 since 2016; overall automotive sales in China gained 12.8% year over year; and Liberty Steel Group announced it has made an offer to acquire German firm Thyssenkrupp’s steel business. Does your company have an aluminum buying strategy based on current...

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This Morning in Metals: Copper prices gain momentum

This morning in metals news: copper prices gained momentum Wednesday; the rival of German steelmaker Thyssenkrupp rejected the idea of an alliance; and a Pakistani steelmaker is looking to ramp up its output amid a construction spike in the country. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the…

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This morning in metals news: copper prices gained momentum Wednesday; the rival of German steelmaker Thyssenkrupp rejected the idea of an alliance; and a Pakistani steelmaker is looking to ramp up its output amid a construction spike in the country. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the...

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This Morning in Metals: Pressure rises on Thyssenkrupp’s steel business

This morning in metals news: Thyssenkrupp’s steel unit is facing heavy losses this year; zinc prices have gained despite elevated stocks; and copper dipped Thursday. Thyssenkrupp faces major losses Thyssenkrupp, which last year left Germany’s DAX index, faces a potential 1 billion euros in losses this year, Reuters reported. Earlier this year, the German firm…

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This morning in metals news: Thyssenkrupp’s steel unit is facing heavy losses this year; zinc prices have gained despite elevated stocks; and copper dipped Thursday. Thyssenkrupp faces major losses Thyssenkrupp, which last year left Germany’s DAX index, faces a potential 1 billion euros in losses this year, Reuters reported. Earlier this year, the German firm...

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This Morning in Metals: LME copper surges to start the week

This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs. Copper prices make gains to start the week LME copper Monday jumped as much as 2.7%, Reuters reported, buoyed by the…

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This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs. Copper prices make gains to start the week LME copper Monday jumped as much as 2.7%, Reuters reported, buoyed by the...

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Europe’s steel industry under pressure amid falling orders, personnel challenges

Europe’s steelmakers are cutting production and idling factory lines as an industry already buckling under a severe market downturn girds itself for the economic fallout from coronavirus, the Financial Times reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Companies such as Thyssenkrupp and Tata Steel…

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Europe’s steelmakers are cutting production and idling factory lines as an industry already buckling under a severe market downturn girds itself for the economic fallout from coronavirus, the Financial Times reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Companies such as Thyssenkrupp and Tata Steel...

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This Morning in Metals: U.S. jobless claims reach record 3.3M as coronavirus outbreak intensifies

This morning in metals news, U.S. unemployment insurance claims soared last week as the coronavirus outbreak intensified, Thyssenkrupp announced 3,000 layoffs and the United States Trade Representative (USTR) said there had been progress in enforcing s…

This morning in metals news, U.S. unemployment insurance claims soared last week as the coronavirus outbreak intensified, Thyssenkrupp announced 3,000 layoffs and the United States Trade Representative (USTR) said there had been progress in enforcing some provisions of the recently signed Phase One trade deal with China. U.S. jobless claims surge to 3.3M U.S. unemployment...

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