Germany: ThyssenKrupp workers force union-dominated works council to resign

US layoffs mount amid signs of economic slowdown

On Wednesday, US Steel announced 2,080 layoffs at its Granite City Works in Illinois. The Pittsburgh-based steelmaker plans to lay off over 4,500 employees nationwide, including over 1,800 workers in Alabama. Job cuts are also planned in Minnesota and Texas

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Before October soe profit year-on-year increase 6.1% steel profit growth

The ministry of finance released the latest data show that, 1 ~ 10 months of this year, the state-owned enterprise profit total 2.08433 trillion yuan, up 6.1% from a year earlier, which total liabilities of 65.5129 trillion yuan, up 12.1% from a year earlier. It is worth noting that the financial cost of state-owned enterprises remains more than 20% of the growth, greatly to drag down the profitability of the state-owned enterprise.

Hebei iron and steel group steel equipment energy center to reduce energy costs

Since entering the fourth quarter, hebei iron and steel group steel equipment energy center actively response to the reform and innovation work conference spirit, the full implementation of group and steel company innovation ideas and requirements, continue to deepen the production line to label each process and improve on process optimization and process index as the basis, to realize the optimal control index. In October, tons of steel from lower energy costs 5.5 yuan, the new water consumptio

Gale group suspended Brazil two steel mills to cope with falling demand

Fall in demand due to the Brazilian steel, gale group decided to suspend its Brazilian Guaira long products factory and rolling mills, Curitiba shift production to other steel mills in Brazil, customer delivery will not be affected.