Metallurgy news

• Net profit of Mexican Grupo Simec increased by 30.7 percent Mexican long seller SIMEC reported net income equivalent to $99 million for the first quarter of 2026, compared with net income of $76 million in the first quarter of 2025.On the same comparative basis, net sales increased 3.2 percent to $466 million, manufacturing costs increased 1.9 percent to... 06.05.2026  19:00

• Canada's tariff support package provides $1.5 billion to help the steel sector cope with US tariff pressure and diversify The Government of Canada announced a new $1.5 billion tariff support package aimed at helping companies affected by US tariffs on products containing steel, aluminum and copper. The package includes a new $1 billion Business Development Bank of Canada financing program and an additional $500... 06.05.2026  17:00

• Shipments from U. S. steel mills increased by 10.9 percent in March 2026 compared with February. The American Institute of Iron and Steel (AISI) reported that in March 2026, U.S. steel mills shipped 8,204,611 net tons, which is 6.2 percent more than the 7,725,314 net tons shipped in March 2025.Shipments increased by 10.9 percent compared to 7,395,507 net tons shipped in the previous year.... 06.05.2026  17:00

• Hyundai-POSCO JV commissions Danieli to build steel mill in Louisiana Korean steelmakers Hyundai Steel and POSCO's U.S. joint venture HYUNDAI POSCO Louisiana Steel LLC have contracted Italy's Danieli as their technology partner for a new integrated steel mill in Louisiana. The project is aimed at producing high-quality hot-rolled slabs, mainly from low-carbon,... 06.05.2026  16:00

• EUROFER calls for stricter rules for EU countries in the Industrial Accelerators Act The European Steel Association (EUROFER) said in a position paper that the proposed Industrial Acceleration Act (IAA) is an important step towards supporting industrial decarbonization and creating leading markets for low-carbon steel in Europe. However, the association warned that the current... 06.05.2026  15:00

• Steel production in India increased by 6% in April 2026, consumption increased by 8% The Indian steel industry achieved crude steel production in April 2026 of 14.09 million tons, up 5.8 percent from last year, the Ministry of Steel said in a statement on Wednesday, May 6, citing preliminary government data.According to the statement, the production of finished steel for the month... 06.05.2026  15:00

• Mayor of Greater lincolnshire signs UK Steel Charter to support domestic steel procurement Andrea Jenkins, Mayor of Greater lincolnshire, signed the UK Steel Charter at the British Steel site in Scunthorpe, committing the region to prioritizing the use of domestically produced steel in public projects.By signing the charter, the Greater lincolnshire Combined Authority pledged to... 06.05.2026  14:00

• Car sales in Turkey decreased by 3.1 percent in January-April 2026 In April of this year, sales of passenger cars and light commercial vehicles in Turkey increased by 2.3 percent month-on-month and decreased by one percent year-on-year to 104,298 units, according to statistics released by the Turkish Automobile Distributors and Mobility Association (ODMD). This... 06.05.2026  14:00

• Primetals launches new EAF solution to reduce capital costs U.K.-based Primetals Technologies has announced the launch of its EAF ultimate Move electric arc furnace, a new solution designed to support cost-effective electric steel projects.According to the company, the new furnace offers faster drawdown times, requires a smaller footprint, reduces... 06.05.2026  13:00

• The Italian company Galperti Special Alloys has signed a contract with Danieli for new furnaces Italian steel manufacturer Galperti Special Alloys S.p.A. He chose the Italian manufacturer Danieli Technologies to supply two key installations for his route for the production of special alloys in Italy. The contract covers an 8-ton vacuum induction melting furnace (VIM) and a 10-ton electroslag... 06.05.2026  13:00