Metallurgy news

• The Indian government is planning a second round of funds injection into RINL to help maintain operational viability. The Indian government is planning a new round of equity financing in the amount of about $854 million to the state-owned steel producer Rashtriya Ispat Nigam Limited (RINL) to support the company's operations, which are experiencing financial difficulties, government sources said on Thursday, April... 30.04.2026  11:00

• India's INOX Air commissions ASU at Tata Steel limited's new EAF-based Ludhiana plant INOX Air Products Private limited has commissioned a high-capacity cryogenic air separation unit (ASU) at Tata Steel limited's newly commissioned electric arc furnace (EAF) steel plant at Ludhiana in the northern state of Punjab, the company said in a statement on Thursday, April 30.The 280 mt per... 30.04.2026  10:00

• DGTR of India recommends extending the AD duty on imports of meth-coke for five years, but at lower rates The Indian Directorate General of Commercial Remedies (DGTR) under the Ministry of Commerce has recommended extending the anti-dumping duties (AD) on MET coke for five years, but lower than the temporary existing rates, according to a government notification on Thursday, April 30.DGTR stated in its... 30.04.2026  10:00

• Steel production in Argentina increased by 42.3 percent in March amid volatile demand Acero Argentino (AA), the Argentine Chamber of the Steel Industry, reported that the country's crude steel production reached 387,400 tons in March, more than 42 percent higher than the total of 272,200 tons in February.On a similar comparative basis, HRC production increased by 114 percent to... 30.04.2026  02:00

• Arequipa's net profit fell 9.5 percent in the first quarter of 2026 amid lower operating performance. Peruvian steelmaker Corporacion Aceros Arequipa reported net income equivalent to $20.324 million tons for the first quarter of 2026, compared to $22.467 million tons for the same period in 2025.Net sales decreased 7.15 percent to $321.041 million, production costs decreased 7.43 percent to... 29.04.2026  20:00

• US issues final order for rebar from Algeria The U.S. Department of Commerce (DOC) has released the final results of its administrative review of the anti-dumping duty (AD) order on reinforced concrete reinforcing bars (rebar) from Algeria for the period beginning April 1, 2024 review. The DOC determined the weighted average dumping margin to... 29.04.2026  19:00

• US imports of coiled steel in February 2026 decreased by 50.4 percent compared to January U.S. sheet coil imports totaled 26,403 tons in February 2026, down 50.4 percent from January and 65.4 percent less than February 2025, according to preliminary data from the U.S. Department of Commerce. In value terms, sheet coil imports totaled $17.59 million in February this year, up from $37.57... 29.04.2026  18:00

• Vale's net profit jumped 39 percent in the first quarter of 2026 due to increased iron ore volumes and prices. Brazilian mining company Vale reported a net profit of $1.940 billion for the first quarter of 2026, compared with $1.394 billion for the same period in 2025.Net sales increased by 14 percent to $9.258 billion, while production costs increased by 13 percent to $6.173 billion. Gross profit decreased... 29.04.2026  18:00

• The net profit of the OYAK Mining and Metallurgical Group decreased in the first quarter of 2026, capacity utilization improved Turkish steel company OYAK Mining and Metallurgy Group announced its financial and operating results for the first quarter of 2026.The company reported a net profit of TRY 405.79 million (USD 9.14 million) for the first quarter, compared to a net profit of TRY 447.90 million in the same period last... 29.04.2026  17:00

• The Iranian Steel Association disputes Worldsteel's data, saying Iran remains the 10th largest steel producer. The Doctor. Mehdi Mohammadi, chairman of the Iranian Alloy Steel Manufacturers Association, disputed the latest data published by the World Steel Association (worldsteel) regarding Iran's place among the leading steel producing countries, according to local media reports.Doctor. Mohammadi said that... 29.04.2026  17:00