Metallurgy news

• Increase in the number of drilling rigs in the USA and Canada - Week 22 2026 Baker Hughes reported that for the week ended May 29, 2026, the number of U.S. rotary drilling rigs increased by four rigs each week to 562.The number of gas production rigs remained unchanged at 125, while the number of oil production rigs increased by four to 429. The total number of U.S.... 30.05.2026  00:00

• Gerdau links the investment to increased barriers against Chinese steel imports to Brazil Guerdão President Gustavo Werneck said this week in Brazil that he expects the government will soon introduce additional barriers to Chinese steel imports, which he believes will create unfair competition for Brazil's steel industry.New investments in the country and even the restart of the Barão d... 29.05.2026  19:00

• Indian company KIOCL limited returned to profit in the fourth quarter of the financial year 2025-2026 Indian state-owned iron ore pellet producer KIOCL limited posted a net profit of INR 530.00 million (USD 5.52 million) in the fourth quarter (January-March) of fiscal year 2025-26, compared to a net loss of INR 360.00 million (USD 3.75 million) in the corresponding quarter of the previous financial... 29.05.2026  16:00

• China will renovate 500 thousand dilapidated urban houses The State Council of China published the 15th Five-Year Urban Renewal Plan (2026-2030), outlining the main goals of urban renewal for this period. These goals include the renovation of 500,000 dilapidated urban housing units, the start of the reconstruction of 115,000 old urban residential... 29.05.2026  14:00

• The Chinese government has responded to the EU's planned introduction of a new steel tariff policy on July 1. At a regular press conference held on May 28, He Yadong, a representative of the Chinese Ministry of Commerce, answered questions about the European Union's planned implementation of a new steel tariff policy on July 1 this year, saying that the EU's move is essentially trade protectionism. This... 29.05.2026  14:00

• Severstal increases energy efficiency by modernizing furnaces at CherMK The Russian steel company Severstal announced the completion of the capital repair and modernization program for heating furnaces No. 1, No. 2 and No. 3 at mill-2000 of the Cherepovets Metallurgical Plant (CherMK). Reheating furnaces play a critical role in the hot rolling industry, uniformly... 29.05.2026  13:00

• Quang Ngai is considering the possibility of cooperation in the field of investments in the steel industry with VNSTEEL The People's Committee of Quang Nguai Province in Vietnam announced that its chairman, Nguyen Hoang Giang, held a working meeting with steel producer VNSTEEL on May 25 to discuss potential investment cooperation in the steel industry in the Dongquat Economic Zone.During the meeting, Mr. Giang... 29.05.2026  13:00

• Japan's industrial production rose 0.8 percent in April 2026 compared to March. Japan's industrial production rose 0.8 percent month-on-month in April this year and was up 2.3 percent from the same month in 2025, according to preliminary indexes from the industrial production report released by Japan's Ministry of Economy, Trade and Industry (METI).On the other hand, Japan's... 29.05.2026  12:00

• The Metinvest Adria project for the production of environmentally friendly steel in Piombino is moving forward, as Invitalia has approved benefits worth 285 million euros The Metinvest Adria project to build a new environmentally friendly steel plant at the former Lucchini site in Piombino has taken another step forward. Invitalia, Italy's national agency responsible for managing development contracts, has accepted an incentive for an industrial proposal submitted... 29.05.2026  12:00

• Primetals announces the launch of China's most powerful Arvedi ESP plant in Zhongshou Special Steel UK-based steel mill equipment manufacturer Primetals Technologies has announced the successful production of the first steel coil at its new Arvedi ESP plant supplied by the company to Chinese steelmaker Zhongshou Special Steel in Luanzhou, Hebei Province, China.The first steel coil was produced on... 29.05.2026  11:00