Metallurgy news

• Wood Mackenzie: Simandou will change the dynamics of the global iron ore market According to Scottish energy research and consultancy Wood Mackenzie, the Simandou iron ore project in Guinea will mark a major shift in the global marine iron ore market, positioning it as a key driver of long-term supply growth.The project is expected to begin exporting around 16 million tonnes... 02.04.2026  15:00

• Ferrexpo warns of liquidity risks amid delays in VAT refunds Swiss mining company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has provided an update on its current trading. The company reported continued financial pressure as it manages costs and liquidity amid ongoing operational challenges, with outstanding VAT refunds reaching... 02.04.2026  15:00

• SteelWatch: Global steel producers are not ready for a near-zero emissions transition A new assessment by international civil society organization SteelWatch has found that none of the world's largest steel producers are currently ready to transition to near-zero emissions production, despite widespread climate commitments.SteelWatch's corporate scorecard assessed 18 leading steel... 02.04.2026  14:00

• Gestamp and Iberdrola sign an agreement on renewable energy sources for European plants Spanish automotive components manufacturer Gestamp has announced the signing of a 10-year renewable power purchase agreement with Spanish energy producer Iberdrola to supply electricity to Gestamp's manufacturing facilities across Europe.Under the agreement, Iberdrola will supply 660,000 MWh of 100... 02.04.2026  14:00

• Henkel uses bluemint steel packaging from Thyssenkrupp to reduce carbon emissions German packaging steel manufacturer Thyssenkrupp Rasselstein GmbH, a subsidiary of German steel manufacturer Thyssenkrupp, announced that it is supporting German multinational chemical and consumer products company Henkel in reducing the carbon footprint of its packaging by supplying bluemint ® ... 02.04.2026  13:00

• The American company Mesabi Metallics has raised $520 million in funding for a major iron ore mining project. US company Mesabi Metallics, part of India's Essar group, has partnered with Vitol to secure a $520 million credit facility from Breakwall Capital and Valor Mining Credit Partners II as it moves into commercial operations in the third quarter of the year.DR strategic iron ore project in... 02.04.2026  13:00

• ArcelorMittal France produces first coil at electrical steel plant Mardyck ArcelorMittal France has announced the successful production of the first industrial coil from its new electrical steel production line at the Mardyck site in northern France, marking the start of operations and a key milestone in the commissioning phase. The first coil, produced on March 26, 2026,... 02.04.2026  12:00

• Algoma Steel issues guidance for 1Q 2026, expecting negative EBITDA amid rising EAF Canadian steel producer Algoma Steel provided its financial and operating guidance for the first quarter ended March 31, 2026. The manufacturer said total steel shipments for the period are expected to reach approximately 220,000 tonnes, while adjusted EBITDA is forecast to be in the range of minus... 02.04.2026  12:00

• In India, RINL forecasts 51 per cent growth in crude steel production in FY 2025-26 Indian state-owned steelmaker Rashtriya Ispat Nigam limited (RINL) achieved crude steel production of 5.43 million tonnes in fiscal 2025-26, up 51% year-on-year, according to a company statement on Thursday, April 2.RINL reported steel sales of 4.42 million tonnes in the said year, up 27%... 02.04.2026  11:00

• Indian NMDC limited forecasts iron ore production to grow by 51% in March 2026 Indian state-owned mining company NMDC limited achieved iron ore production of 5.35 million tonnes in March 2026, an increase of 50.7 percent year-on-year, according to a company report on Thursday, April 2.Total iron ore production in FY 2025-26 stood at 53.15 million tonnes, an increase by 21... 02.04.2026  11:00