NIPPON STEEL CORP. MAY SELL 2 OF ITS U.S AUTOMOTIVE STEEL PLANTS

Highlights –

• Nippon Steel Corp. may sell 2 of its U.S automotive steel plants.
• Its partner ArcelorMittal S.A jointly owns a company running the two plants.
• Nippon Steel has planned to close one of its plants in western Japan by Septe...

EUROPEAN STEELMAKERS HALT PRODUCTION: FIRST CONSEQUENCE OF AUTOMOBILE INDUSTRY SHUTDOWN?

Highlights

• Steel giants Tata and Thyssenkrupp shut down majority of plants

• Automobile industry consumes 1/5 of total steel consumption

As an impact of shutdown of car plants, the European steelmakers have ceased production.  Due to global coronavir...