Our industry
The confirmed death toll of the burst dams at Samarco – an iron ore mine in Brazil, jointly owned by BHP Billiton and Vale SA – has risen to four, with 22 people still missing. – The Times (via MyArcelorMittal)
Voestalpine is the latest European steelmaker to warn of the effects of the sharp price falls and overcapacity in the sector. – The Financial Times (via MyArcelorMittal)
EU member states have called on Brussels to deploy the “the full range” of its trade defence instruments to support Europe’s steel industry in its struggle to compete against Chinese imports. – The Financial Times (via MyArcelorMittal)
Tata Steel has been accused of “bully boy” tactics after demanding its suppliers reduce their prices by 30 percent as it attempts to pass on the cost of the steel crisis. – The Sunday Telegraph
Hundreds of steelworkers are protesting Tata Steel’s planned job cuts and restructuring, calling on the UK government to do more to help the steel sector. – Reuters
Quote of the week
“Whilst we have delivered stable Ebitda compared with the second quarter, the already challenging operating conditions have further deteriorated during recent months…Our focus is on ensuring we take all the necessary steps to strengthen our competitiveness in this difficult environment”. – Mr Mittal, chairman and CEO, ArcelorMittal
Social digest
In 2016, @ArcelorMittal is increasing volunteer hours to reach students in #STEM! http://bit.ly/1HrGhlI #NextGenHS – via Change the Equation, a STEM initiative in the United States
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