{"id":3213,"date":"2025-03-17T11:27:07","date_gmt":"2025-03-17T10:27:07","guid":{"rendered":"https:\/\/www.portaleconomia.net\/?p=3213"},"modified":"2025-03-17T11:27:07","modified_gmt":"2025-03-17T10:27:07","slug":"steel-chinas-effect-on-european-producers-danieli-group-stocks-rise-up-to-5-12","status":"publish","type":"post","link":"https:\/\/www.portaleconomia.net\/en\/steel-chinas-effect-on-european-producers-danieli-group-stocks-rise-up-to-5-12\/","title":{"rendered":"Steel, China’s effect on European producers: Danieli Group stocks rise up to 5.12%"},"content":{"rendered":"

Rumors about China wanting to cut steel production to alleviate excess supply and restore profitability for steel mills has stirred the European market: mining stocks and steel producers have experienced an outperformance in recent days. The Italian giant Danieli Group<\/strong> registered a 5.12% increase to 31.85 euros but is aiming for its historical high of 39.20 euros (reached in June 2024).<\/p>\n

The Italian Group based in Buttrio also benefits from a commission received from Chinese steel producer Donghua Iron & Steel for two electric arc furnaces that will be installed in the Tangshan plant, in the Chinese province of Hebei. Equipped with Zerobucket technology, these furnaces allow for a 10% reduction in ignition time and a 40-50% reduction in shutdown time, resulting in improved productivity and lower energy consumption. Last but not least, the technology enables a significant reduction in CO2 emissions.<\/p>\n

The two furnaces for Donghua Iron & Steel are expected to become operational in the second quarter of 2026. With this latest order, the electric arc furnaces commissioned to Danieli Group using the company’s technology \u2013 now a benchmark for the transformation and technological upgrade of the steel industry \u2013 rise to 31.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rumors about China wanting to cut steel production to alleviate excess supply and restore profitability for steel mills has stirred the European market: mining stocks and steel producers have experienced an outperformance in recent days. The Italian giant Danieli Group registered a 5.12% increase to 31.85 euros but is aiming for its historical high of […]<\/p>\n","protected":false},"author":1,"featured_media":3214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[422],"tags":[336],"class_list":["post-3213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","tag-danieli-group"],"yoast_head":"\nSteel, China's effect on European producers: Danieli Group stocks rise up to 5.12% - ECONOMY PORTAL<\/title>\n<meta name=\"description\" content=\"Danieli Group also benefits from a commission received from Chinese steel producer Donghua Iron & Steel for two electric arc furnaces\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.portaleconomia.net\/en\/steel-chinas-effect-on-european-producers-danieli-group-stocks-rise-up-to-5-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel, China's effect on European producers: Danieli Group stocks rise up to 5.12% - 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