Tag Archives: steel

German steel workers reach a wage agreement with the union | Instant News

BERLIN (Reuters) – Germany’s largest trade union, IG Metall, approved a wage deal on Saturday for some 70,000 workers in the iron and steel industry in northwest Germany.

Under the agreement, which is valid for 15 months and reached after seven hours of talks, workers will receive a lump sum payment of 250 euros ($ 295) on December 28 this year and February 28, 2022 respectively, according to IG Metall.

From February 28, 2023, steel workers will then receive an additional payment of 600 euros a year. The parties also agreed a one-time coronavirus allowance of 500 euros, due by the end of June.

The union initially demanded a 4% salary increase for steel workers at companies such as Thyssenkrupp and Salzgitter.

“In the greatest economic crisis of the post-war period, collective bargaining partners in the steel industry have found responsible and fair compromises,” said Knut Giesler, head of IG Metall in the state of North Rhine-Westphalia.

The parties also agreed to produce a mutually agreed framework for the transition to CO2-neutral steel production.

($ 1 = 0.8477 euros)

Reporting by Tom Kaeckenhoff; Written by Caroline Copley; Edited by Jan Harvey


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Italy guaranteed Greensill’s loan worth 86 million euros to steel company Gupta, the filing said | Instant News

LONDON, March 19 (Reuters) – The Italian government guaranteed an 86 million euro ($ 102 million) loan from Greensill Bank, part of the collapsed Greensill Capital group, to one of the companies of steel magnate Sanjeev Gupta, according to accounts filed with the Italian firm. the registry in the last few weeks.

The company, Liberty Magona SRL, secured guarantees from SACE SpA, Italy’s state-controlled export credit agency, for loans under measures to help the company deal with the coronavirus crisis, according to Liberty Magona’s account for the period from January 1, 2019 to June 30, 2020 which includes post-year event material information.

Piombino-based Liberty Magona, which makes galvanized steel, said the three-year loan was taken out in late August last year to bolster its finances at a time of weaker demand for its products due to the pandemic.

Italy’s Ministry of Economy and Finance did not immediately respond to a request for comment. The GFG Alliance and Greensill declined to comment on the loan.

The German financial regulator has filed a criminal complaint against Bremen-based Greensill Bank.

The Greensill Capital Group filed for bankruptcy protection in the UK and Australia this month, citing a $ 5 billion exposure to the GFG Alliance of India-UK entrepreneurs Gupta. It is said that the Gupta company began failing to fulfill its obligations.

GFG, an umbrella company for the steel, aluminum and energy company network Gupta, said last week it wanted to secure additional working capital facilities to help it face challenging market conditions but also be operationally strong and benefit from a buoyant steel market.

The GFG Alliance employs 35,000 people in 30 countries, according to its website. In Britain, the opposition Labor Party says the government should consider nationalizing companies if it cannot secure the financial support it is trying to attract.

Italy is not the only country that provides guarantees to the Gupta company. The Scottish government provided 575 million pounds bail to the group in 2016, Reuters reported in 2019, citing people with knowledge of the matter.

British media have reported that the London government has also secured hundreds of millions of loans to the GFG Alliance or related companies under the Coronavirus lending scheme.

$ 1 = 0.8391 euro Reporting by Tom Bergin; Edited by Howard Goller


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Beldum’s “Pokemon” Incense Day release schedule; all you need to know | Instant News

Beldum’s’Pokemon Go’ Incense Day: Everything you need to know (
Screenshot of ProPlanty YouTube

In the popular “Pokemon Go” game, competitions are constantly going on. On Sunday, March 14, the coach will hold a special event. It is said that the upcoming game is very special, because it will provide players with a chance to get the Metagross of Meteor Fist. The upcoming event is called Beldum’s “Pokemon Go” Incense Day.

“Pokemon Go” March 2021 event

As Reported by Explica.co, The event will be another incense day. This means that players will be able to expect that they must play together to join and enjoy all the fun of this event. It is also expected that only 1 PokeCoin can store a lot of things, so players can complete all operations.

“Pokemon Go” Incense Day at Beldum

Some things can be expected from the upcoming “Pokemon Go” event. In order for players to make the most of the “Pokemon Go” experience, the details should be followed.

  • It is said that Beldum will be attracted by fragrance, and players can even find their own shiny version.

  • Evolving the Rubik’s Cube into Metagross during the aforementioned events will allow players to obtain an exclusive attack called Meteor Fist.

  • By paying only 1 Pokecoin, players can purchase new batches of products in the store.

  • There are some other “Pokemon” that will be attracted by incense. This is the desired “Pokemon”:

    • meditate

    • Natu

    • Bartoy

    • giraffe

    • Alola Diglett

    • Aaron

    • Mona

    • Magnesite

    • Bronze

    • Hilton

Baldum’s “Pokemon Go” Incense Day Release Schedule

Although Baldur’s “Pokemon Go” day release date has been discussed, time is also important. Sometimes, on other types of “Pokemon”, incense will be stronger than other types of incense.

  • From 11:00 AM to 12:00 PM, “Pokemon” is more attractive

  • From 12:00NN to 1:00 PM, steel “Pokemon” will be more attracted

  • From 1:00 AM to 2:00 PM, psychic “Pokemon” will be more attracted

  • The steel type “Pokémon” will be more attractive from 2:00 AM to 3:00 PM

  • From 3:00 AM to 4:00 PM, psychological “Pokemon” will be more attracted

  • Steel “Pokemon” will be more attractive from 4:00 AM to 5:00 PM

Please also read: “Pokémon GO” incarnation of Sherlock Holmes Landoros best counter, weakness, timeline

According to reports, the schedule represents the local time of each country/region, so players do not need to adjust the time zone. However, it is pointed out that players still have to wait until the end of the entire game to develop Metagross and be able to learn Meteor Boxing.

One Article by AfightoftheFanboy This specific schedule is also confirmed, so players may wish to play against those specific times or times so that they can attract steel or psychic “Pokémon.” However, in order to select the best player, players may wish to participate in the game throughout the game.

related articles: Niantic punishes 5 million players for cheating, including “Pokemon Go players”

This article belongs to “Technology Times”

Written by Urian Buenconsejo

Ⓒ2018 TECHTIMES.com reserves all rights. Do not copy without permission.


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European Special Stainless & Steel Conference (Como, Italy – 18-20 May 2021) | Instant News

Dublin, March 08, 2021 (GLOBE NEWSWIRE) – ? “Top European Stainless Steel & Specialty Steel Events in 2021” conference has been added to ResearchAndMarkets.com offering.

The global stainless steel and specialty steel industry gathers in Como, Italy, to discuss all the relevant issues that will shape business in 2021 and beyond.

Main topics:

  • Steel sustainability challenge – how can we reduce our CO2 footprint?
  • How can we promote stainless steel as an environmentally friendly material?
  • How can stainless steel help the world be more sustainable?
  • The future of mobility and impact in stainless and specialty steels
  • Digitalization, machine learning and artificial intelligence
  • How will our industry benefit from the 4th Industrial Revolution?

Network with 200 participants from across the stainless steel supply chain.

The following speakers are confirmed.

  • Bernardo Velazquez Herreros, CEO, Acerinox, SA
  • Barry Jackson, Principal Market Intelligence Nickel and Stainless Steel Raw Materials, AngloAmerican Marketing Ltd, United Kingdom
  • Barbara Buck, Vice President of Marketing & Sales, Climax Molybdenum Company, USA
  • Mike Kendrick, President, Climax Molybdenum Company, USA
  • Roberto Marzorati, Vice President, Cogne Acciai Speciali SpA, Italy
  • Senior Representative, Condoroil Stainless Srl, Italy
  • Filipe Costa, CEO, Cronimet Envirotec GmbH, Germany
  • Jurgen Pilarsky, CEO, Cronimet Holding GmbH, Germany
  • Angel Ramirez, Director of Global Commodities – Steel, Tubes & Welding Wires, Faurecia Clean Mobility, Germany
  • Sheraz Neffati, Executive Director, ICDA – International Chromium Development Association, France
  • Antonio Marcegaglia, Chairman and CEO, Marcegaglia Specialties SpA, Italy
  • Christoph Pawlowski, Director, Manufacturing Industry – Western Europe, Microsoft, Germany
  • Denis Sharypin, Head of Commodity Market Research, Nornickel, Russia
  • Paul Vanvuchelen, Director of Customer Solutions, OMP, Belgium
  • Frank Ehrenberg, Senior Vice President of Raw Materials, Outokumpu, Germany
  • Stefan Erdmann, Senior Vice President – Technical Director, Outokumpu Nirosta GmbH, Germany
  • Colin Osborne, President & COO, Samuel, Son & Co., USA
  • Mattias Sandberg, Senior Supplier Manager, Tetra Pak Processing Systems AB, Sweden
  • Tim Milde, Chief Operating Officer, XOM Materials GmbH, Germany
  • Gorkem Kavcak, Director of Market Research, Yilmaden Holding AS, Turkey

For more information on this conference visit https://www.researchandmarkets.com/r/td68ay

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BHP and Aboriginal groups investigate collapsed rocks in Western Australia | Instant News

FILE PHOTOS: One tonne of nickel powder made by the BHP Group at a warehouse in Nickel West division, south of Perth, Australia 2 August 2019. Image taken 2 August 2019. REUTERS / Melanie Burton

MELBOURNE (Reuters) – The BHP Group has launched a joint investigation with Indigenous groups into what caused the rock fall in a rock shelter that is culturally important at its iron ore operations in Western Australia, the two groups said.

BHP discovered important site damage for the Banjima community on January 29, as part of monitoring at Mining Area C operations. It informed its Banjima partner and the groups agreed to carry out an investigation into the incident, President of BHP Minerals Australia, said Edgar Basto in a statement.

“This site is not part of the current mining operation. The cause of the fall is unknown, “Basto said in a statement late Tuesday.

Mining Area C is part of BHP’s $ 3.4 billion South Flank replacement project in the state’s Pilbara region.

The miners face closer scrutiny over what they are doing to protect sacred Indigenous sites after Rio Tinto’s destruction of two ancient sacred rock shelters in Juukan Gorge last May. The mining company has obtained permission to destroy the site.

Basto and Brandon Craig, head of BHP’s West Australia iron ore operations, met Elder Banjima as part of the Banjima Heritage Advisory Council that BHP formed last year after the Juukan Gorge incident.

“We will continue to work with Banjima in a spirit of mutual respect and cooperation,” said BHP.

The Banjima Native Title Aboriginal Corporation said it met with BHP executives on February 11 to clarify details in the initial report, and are continuing the investigation.

Reporting by Melanie Burton; Edited by Simon Cameron-Moore


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