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India’s October infrastructure output up 12.1% on year

India’s October infrastructure output up 12.1% on year

Labourers work at a construction site of a metro rail project in New Delhi, India, February 1, 2023. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing Rights NEW DELHI, Nov 30 (Reuters) – India’s infrastructure output rose 12.1% year-on-year in October with growth across all sectors, government data showed on Thursday. Infrastructure output, which comprises eight sectors including...

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Thyssenkrupp posts $2.3 billion impairment on steel division

Thyssenkrupp posts $2.3 billion impairment on steel division

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights Q4 net loss at 2 billion euros Proposes unchanged dividend of 0.15 euros per share Free cash flow positive for first time in 7 years Shares...

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EU must step up action in clean tech race, say industry groups

EU must step up action in clean tech race, say industry groups

[1/2]A view shows wind turbines in front of a cow at Paradela’s City Council, in Galicia, Spain September 27, 2022. REUTERS/Nacho Doce/File Photo Acquire Licensing Rights BRUSSELS, Oct 26 (Reuters) – Europe’s green technology industries and materials suppliers urged European Union leaders meeting for a summit on Thursday to do more to prevent the bloc...

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EU seeking to resolve trade irritants with US at summit

EU seeking to resolve trade irritants with US at summit

European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing Rights BRUSSELS, Oct 19 (Reuters) – Top EU officials have headed to Washington in the hope of sealing agreements with the United States to end Trump-era tariffs and ease the impact of U.S. green subsidies,...

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U.S, EU business groups push for steel deal, minerals drive at summit

U.S, EU business groups push for steel deal, minerals drive at summit

Steel coils are lined up at the steel plant of ThyssenKrupp in Duisburg, Germany, July 26, 2023. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights BRUSSELS, Oct 16 (Reuters) – The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs and increase cooperation...

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EU to launch first phase of world-first CO2 border tax

EU to launch first phase of world-first CO2 border tax

EU to launch world’s first CO2 border levy First phase of reporting CO2 emissions starts next month Industry fears impact when full CO2 fee applies in 2026 BRUSSELS, Sept 13 (Reuters) – The European Union starts the initial phase of its plan for the world’s first carbon border tax next month, requiring importers to report...

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Germany’s updated hydrogen strategy sees heavy reliance on imported fuel in future

Germany’s updated hydrogen strategy sees heavy reliance on imported fuel in future

BERLIN, July 26 (Reuters) – Germany will have to import up to 70% of its hydrogen demand in the future as Europe’s largest economy aims to become climate-neutral by 2045, an updated government strategy published on Wednesday showed. The German cabinet approved a new hydrogen strategy, setting guidelines for hydrogen production, transport infrastructure and market...

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European steel group welcomes exposure of 6.5 mln euro duties fraud

European steel group welcomes exposure of 6.5 mln euro duties fraud

LONDON, June 7 (Reuters) – Industry group Eurofer said on Wednesday it welcomed the discovery by EU anti-fraud authorities of a scheme to evade 6.5 million euros in duties on steel imports from China. Last month, the European Union renewed for another five years anti-dumping duties ranging from 65.1% to 73.7% on Chinese imports of...

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Germany targets $2.1 bln in funding for Thyssenkrupp green steel plant

Germany targets $2.1 bln in funding for Thyssenkrupp green steel plant

BERLIN, June 5 (Reuters) – Germany is planning to make around 2 billion euros ($2.1 billion) available to help fund a green steel plant that Thyssenkrupp (TKAG.DE) aims to build at its base in Duisburg, one of the struggling conglomerate’s key turnaround projects. The 2 billion euros include 700 million euros of funds pledged by...

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EU prolongs stainless steel tariffs for China, Taiwan

EU prolongs stainless steel tariffs for China, Taiwan

BRUSSELS, April 14 (Reuters) – The European Commission said on Friday it had prolonged anti-dumping tariffs on stainless steel fittings from China and Taiwan for five years and extended them to Malaysia. The Commission’s review of the measures concluded that removal of the tariffs would have led to continued dumping in an European Union market...

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Thyssenkrupp union says no board plans for steel business yet

Thyssenkrupp union says no board plans for steel business yet

FRANKFURT, March 31 (Reuters) – Thyssenkrupp’s (TKAG.DE) workers union is willing to consider making the company’s steel division independent but there are no concrete discussions with management about the issue yet, according to an internal message to employees seen by Reuters. The group’s supervisory board met on Friday to discuss restructuring efforts, including a renewed...