Economy & Markets

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Fair competition on global and on EU level is key for a sustainable EU...

| Eurofer files formal complaint against state aid for Europe’s largest steel plant and demands a more effective EU trade defence policy.

Terex Finlay introduces Tracked Mobile Heavy Duty Screener

| The Terex Finlay 873 is designed to work after a primary crusher or on its own as frontline screening machine. This machine is suitable for working in quarrying, mining, construction and demolition debris, topsoil, recycling, sand, gravel, coal and aggregate applications.

BIR elects new president

| At the BIR congress in Dubai Ranjit Singh Baxi was elected as successor to Björn Grufman.

Successful business year for Erema

| Erema, headquartered in Ansfelden, Austria, has achieved a record turnover figure of EUR 115 million for the 2014/15 fiscal year.

Valmet joins CEPI

| The Confederation of European Paper Industries (CEPI) announced a new partnership with Valmet.

Record results for Norsk Hydro

| Hydro's underlying earnings before financial items and tax increased to NOK 3,208 million in the first quarter, up from NOK 2,886 million in the fourth quarter of 2014.

major valve order for Stora Enso’s mill project in China

| Metso will supply about one thousand valves for Stora Enso's consumer board machine project in Guangxi, China.

Decrease in world crudesteel production

| According to the World Steel Association (Worldsteel), world crude steel production for the 65 countries reporting to worldsteel was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.

EuMBC questions legality of recent high number of Force Majeure declarations

| 11 Force Majeure cases have occurred in Europe since the turn of the year, all because of ‘technical reasons’.

Worldsteel short range outlook suggests slow growth

| The World Steel Association (Worldsteel) has released its Short Range Outlook (SRO) for 2015 and 2016. Worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.

Alba increases operating income

| At the annual press conference, the company announced an increase of the operating income of 29 percent compared to the previous year. They also announce the biggest order in the company’s history.

Automobile recyclers present new processes and solutions

| Europe’s automobile recycling industry is confident of being able to meet the new requirements of the EU End-of-Life Vehicle Directive. Although the recycling rate of 95 per cent in force since the beginning of the year is challenging, with the right processes and sufficient political will, it is achievable. This fact became increasingly clear in the course the annual International Automobile Recycling Congress IARC 2015, which was held in Berlin.

The contribution of recyclers to job creation and sustainable growth

| The conference-debate of the European Recycling Industries’ Confederation (EuRIC) “Towards an EU Circular Economy”, chaired by Mr Karl-Heinz Florenz, Member of the European Parliament, and hosted by the European Economic & Social Committee (EESC) provided a timely opportunity for all stakeholders to highlight the importance of an ambitious new circular economy package.

World’s first fluoropolymer Up-Cycling plant starts operating

| Dyneon, part of 3M, today has officially opened the world’s first fluoropolymer Recycling facility in Burgkirchen, Germany. The plant is designed to recycle up to 500 tons of fluoropolymer waste annually.