former Tata Steel, Corus, British Steel Corp., Appleby Frodingham is on the verge of collapse.
Talks with the government on rescuing the steel group failed on Wednesday.
British Steel is owned by private equity group Greybull Capital, main products are rails.
According to Greybull shrinking orders due to Brexit-related issues and difficult market conditions are to blame for the financial problems.
Blast furnaces Victoria, Anne, Bess and Mary.
ArcelorMittal yesterday announced the indefinite shut down of it’s Krakow, Poland blast furnace and steel making operations.
Due to weak demand and cheap Russian imports AM plans to cut back it’s European flat rolled production.
Another German steel foundry had to close it’s gates.
After producing iron and steel castings for 120 years, Schütte Meyer & Co. in Iserlohn-Letmathe made it’s last pour in early April. Images here.
The former National Steel BOF shop was demolished last week.
The basic oxygen steel making shop with it’s 330 t vessels
operated from 1967 to 2005.
I visited it in 2004.
“Boël, une Usine dans la Ville” (ISBN 978-2-9602178-0-3) is the name of a new book about the Usines Gustave Boel in La Louviere, Belgium.
The quality is average with some good pictures but few useful informations.
15 Euro for a 250 page book are however a bargain, at least for steel nerds.
Almost unnoticed another tradition-steeped company passed away last March.
The former Buderus Spezialguss in Wetzlar, Germany went bancrupt after casting iron for more than 100 years.
Geweke Guss, formerly known as Eisenwerk Geweke, the last melt shop in Hagen, my hometown, closed for good.
The C.Grossmann foundry in Solingen, founded in 1853, made it’s last casting on Friday.
The former heavy blooming mill built by the Klöckner-Werke AG in 1956 was closed down for good in late March.
The Reiner Brach company that took over the rolling mill in 1985 will be liquidated.
Engineering Steel Belgium (ESB) in Seraing, Belgium announced that it will finally close down it’s steel making and casting facilities. Production is already down for two weeks.
The 70 ton electric arc furnace and the world’s largest round strand caster were built in 1972 by Cockerill to provide blooms for the Tubemeuse Pilger rolling mill across the river.
Tubemeuse was founded in 1911 under the name S.A. des Usines à Tubes de la Meuse. It was later taken over by Cockerill and went bancrupt in 1988. The mill carried on under the name New Tubemeuse until it filed bancruptcy again in 1993. The tube rolling facilities were closed down this time and the melt shop was sold to the Ellwood Steel
company from Pennsylvania.
In 2009 the German GMH group bought the site.
Five days ago ArcelorMittal already announced the closure of it’s coking plant in Seraing within the next two weeks. The attempt to sell the site (built in 1957) to the U.S.-based Oxbow company had failed.