Steel Products
Bertin Eichler To Leave ThyssenKrupp Supervisory Board
Written by Sandy Williams
January 14, 2013
Written by: Sandy Williams
ThyssenKrupp continues to cull members of its boards for roles in the failed ThyssenKrupp AG venture and for allegations of corruption. The latest member of a board to leave is Bertin Eichler, vice chairman of the ThyssenKrupp AG supervisory board. Eichler has been under investigation for misuse of company funds for foreign travel. Eichler will not run again for a board position in 2013
The investigation concerns trips that Eichler took trips with trade union representatives that were partly of a “touristic character.” According to the financial daily paper Der Handelsblatt, the trips included a side trip in Brazil to Rio de Janeiro and a Formula One racing event in Shanghai, among others.
Three executive board members were recently relieved of their duties, Olaf Berlien, Edwin Eichler, and Juergen Claassen, after an internal audit of their role in the Steel Americas project.
“The disaster with Steel Americas shows that our leadership culture has failed in many areas of the Company,” Chief Executive Officer Heinrich Hiesinger said last month. “There were obviously some who thought that rules, regulations and laws do not apply to everyone.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Atlas Tube debuts ‘HSS Connections Hub’
Atlas Tube, part of Zekelman Industries, has introduced an engineering resource aimed at simplifying Hollow Structural Sections (HSS) connection design for structural engineers and fabricators.
Nucor keeps HRC price unchanged
Nucor paused its weekly hot-rolled (HR) coil price this week, keeping it flat for the first time since Jan. 21. This comes after a nine-week rally that saw the company increase prices by double-digits for eight of those weeks.
Nucor increases plate prices by $40/ton
Nucor aims to increase prices for steel plate by $40 per short ton (st) with the opening of its May order book. The Charlotte, N.C.-based steelmaker said the increase was effective with new orders received on Friday, March 28, in a letter to customers dated the same day. The company said the price hike applied […]
US CRC price gains ground over imports
US cold-rolled (CR) coil prices increased again this week, while offshore prices declined.
SMU Steel Demand Index momentum slows
Steel Market Update is pleased to share this Premium content with Executive members. Contact info@steelmarketupdate.com for information on how to upgrade to a Premium-level subscription. Growth in SMU’s Steel Demand Index eased in March after reaching a four-year high in late February. Despite a moderate gain, the index remains in expansion territory. The Steel Demand […]