Metallurgy news

• Krakatau Steel declares force majeure after fire interrupts CRC production Indonesian steelmaker PT Krakatau Steel declared force majeure after a July 19, 2026 fire at the continuous cold tandem mill (CTCM) production site at its Silegon cold rolling mill interrupted the production of fully hardened cold-rolled coils, local media reported. Krakatau Steel is still... 28.07.2026  17:00

• Average freight rates increased $3/t in June for Brazilian finished steel imports Brazil's central foreign trade system Siscomex reported that average freight rates for imports of finished steel into the country were $63/metric ton (/mt) in June, up from $60/ton in May.For HRC, it was $31/metric ton (/mt)  for Egypt, $116/mt for South Korea, $63/mt ton for China, $51/metric ton f... 28.07.2026  16:00

• Tata Steel UK warns that higher import quotas from Asia threaten UK operations British steel company Tata Steel UK has warned that its operations in the UK could become unstable due to increased duty-free import quotas for some Asian suppliers, which, according to local media reports, could expose the local market to growing volumes of cheaper steel.According to the revised... 28.07.2026  16:00

• China's steel demand will decline slightly in 2026 as a slowdown in construction could offset production gains Data from China's National Bureau of Statistics (NBS) shows steel consumption fell about 17 percent from nearly 1 billion tons in 2021 to 830 million tons in 2025. This is largely due to the crisis in the real estate market. While increased demand for steel from manufacturing and exports has not... 28.07.2026  15:00

• Flacks updates the plans of the former Ilva by proposing a new steel plant in Taranto The Faces Group has renewed its bid for the future of Acciaierie d'Italia, presenting an updated plan based on the creation of Flacksider, a new company in which the US investment group is seeking the participation of the Italian state and two industrial partners.According to local sources, the... 28.07.2026  15:00

• Australian company Generation Steel expands green steel project with new reinforcement plant Australian steel company Generation Steel, formerly known as Green Steel of WA, has announced revised plans to build a new steel plant in Collie, increasing the total project cost to A$850 million with the addition of a new cutting and bending facility.The company has also entered into a... 28.07.2026  14:00

• Tk Accelis has signed a 10-year steel supply agreement with SKF for operations in France and the UK Tk accelis Supply Chain Solutions (formerly thyssenkrupp Materials Services), a subsidiary of German industrial group thyssenkrupp AG, has signed a 10-year strategic agreement with Swedish bearing manufacturer SKF to manage the supply of steel bars for the company's manufacturing operations in... 28.07.2026  14:00

• Tubacex profits fell in the first half of 2026 amid disruptions in the Middle East and weaker orders Spanish seamless stainless steel pipe manufacturer Tubacex announced financial results for the second quarter and first half of this year.The company reported a net loss of €0.6 million in the quarter, compared with a net profit of €7.7 million in the second quarter of 2025, and sales revenue of €16... 28.07.2026  13:00

• Ferrexpo's export operations suffered after a Russian drone attack on a Black Sea vessel carrying iron ore pellets. Swiss mining company Ferrexpo, whose main interests are related to Ukrainian iron ore assets, announced that a crew member died after a ship carrying the company's products was hit by Russian drones in the Black Sea, adding that the incident disrupted its export operations and negatively affected... 28.07.2026  13:00

• Iron ore exports through Port Hedland rose 1.3 percent in June 2026 compared to May In June of this year, iron ore shipments from Australia's Port Hedland increased by 1.3 percent month-on-month and decreased by 5.3 percent year-on-year, amounting to 51,710,492 tons.According to information published by the Port Hedland Authority, in this month, iron ore shipments from Port... 28.07.2026  12:00