Katowice, Poland – October 12, 2024

** Glencore in talks to sell ferroalloys unit, including chrome **

Glencore is thought to be in negotiations with a consortium of Asian, mostly Chinese, mills to purchase its ferroalloy assets–ferrochrome, chrome ore, vanadium, and manganese ore–in South Africa. Talks have been going on for a few months, and Glencore wants to sell everything instead of pieces. The potential buyers include SinoSteel and Juxian.

** Liberty rental offer foundry plant Czestochowa **

Liberty steel manufacturer Steel through its subsidiary company Poviglio Sp. z o.o. filed rental offer steel foundry plant Czestochowa in Poland. 

Offer includes provision immediate financial resources to pay off debts and payments salary boards to employees for September, reports WNP.pl

In September current years was bankruptcy proceedings of the plant have been resumed Czestochowa after a short break. Besides Applying for a lease, Liberty Steel Also is challenging bankruptcy proceedings. In the past month company reported that creditors Czestochowa approved its restructuring plan, and now expected solution court of approval this plan or continuation search for a new tenant.

** Vítkovice Steel prepares for significant changes **

Czech steel foundry company Vítkovice Steel reported preparations for significant changes. New owner businesses in Ostrava will become Jindal Steel International, which is part of the world-famous industrial groups Jindal Group. Last specializes not only in metallurgy, but also in energy and mining industry.

** Thyssenkrupp joint venture with Tata Steel **

German conglomerate Thyssenkrupp has failed to challenge a European Union antitrust veto imposed five years ago on its proposed joint venture with Tata Steel, which aimed to create the second largest steel producer in Europe.

The Luxembourg-based Court of Justice of the European Union, the highest court in Europe, sided with the European Commission and “rejected Thyssenkrupp’s appeal in its entirety” the judges said.

The EU’s antitrust watchdog said the deal, aimed at addressing overcapacity and other problems in the steel industry, could lead to higher prices.

Thyssenkrupp said in a statement that it has taken note of the decision and will review the reasoning behind the verdict, adding that it still believes the Commission’s decision does not take into account the current challenges of the steel sector.

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Primeore Trading (Polska) Sp. z o.o. jest częścią handlową Primeore Ltd., która jest odpowiedzialna za obsługę wszystkich międzynarodowych operacji handlowych i związanych z handlem grupy. Firma prowadzi działalność związaną z rudą manganu, żelazostopami, koksem i produktami węglowymi na całym świecie.

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