Metallurgy news
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John Atherton: The transition to "green" steel is facing delays due to high costs and limited availability of hydrogenSpeaking at the second session of the SteelOrbis Spring 2026 Conference and the 94th IREPAS meeting in Amsterdam on April 26-28, Dr. John Atherton, Secretary General of the International Association of Iron and Metal Manufacturers (IIMA), outlined the evolving role of metallic iron in the…
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The number of drilling rigs in the USA and Canada is increasing, Canada is not changing – week 17, 2026Baker Hughes reported that in the week ending April 24, 2026, the number of rotary drilling rigs in the United States increased by one drilling week per week to 544.Number of drilling rigs drilling for gas, increased by fourup to 129, and the total number of drilling rigs in the United States…
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The EU announces new steel import quotas and changes in their implementationThe European Union presented details of new steel import rules, including quota levels, and made some changes regarding the implementation of the measures. The new regulation aims to address the trade-related negative impacts of global steel market overcapacity and replaces existing safeguards that…
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MOC: The average price of hot-rolled steel strip in China increased by 0.1% from April 13 to April 19, 2026.The Chinese Ministry of Commerce (MOC) announced that between April 13 and 19 this year, the average price of finished steel in China fluctuated in a limited range.During this period, all average prices for rebar, high-speed wire rod and hot-rolled steel strip increased by 0.1 percent weekly, while…
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China's core finished steel product inventories fell 2% in mid-April 2026As of April 20 this year, total domestic inventories of five major finished steel products in China's 21 major cities totaled 10.6 million tons, down 2.0 percent from April 10, 3.3 percentage points slower than the decline rate recorded in early April (April 1-10), the China Iron and Steel…
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The gross losses of Chinese steel mills in the first quarter of 2026 amounted to 3.34 billion yuan.In the period from January to March of this year, the ferrous metals smelting and rolling sector in China recorded a gross loss of 3.34 billion yuan (0.49 billion US dollars), compared with a gross profit of 7.51 billion yuan recorded in the same period in 2025, as announced by the National Bureau…
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IEEFA: Indian steel sector faces growing energy security risksIndia's steel sector faces growing energy security risks as 90 percent of its metallurgical coal is imported and another 64 percent of its planned capacity is also coal-based, according to a report released by the Institute for Energy Economics and Financial Analysis (IEFA) on Monday.The report…
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Sumit Bhatia: Global competitiveness of steel is shifting towards access to scrap metalSpeaking at the SteelOrbis 2026 Spring Conference and the 94th IREPAS meeting, Sumit Bhatia, Vice President of New Business Development and Strategy at ARS Steels, emphasized that the global competitiveness of steel is undergoing structural changes, and access to scrap metal is becoming…
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Patrice ollivo: Middle East conflict and energy shock impact global growth prospectsSpeaking at the SteelOrbis Spring 2026 conference and the 94th meeting of IREPAS, taking place in Amsterdam on April 26-28, Patrice ollivo, an economist at the Organization for Economic Co-operation and Development (OECD), presented the OECD's latest interim economic forecast, highlighting growing…
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Dao Fortune at IREPAS: Weak domestic demand and export obstacles affect prospects for China's steel industrySpeaking at the SteelOrbis Spring 2026 conference and the 94th IREPAS Meeting, held in Amsterdam on April 26-28, Yuan Wenjong, President of Dao Fortune, outlined the current trends in the Chinese steel market, highlighting weakening domestic demand, structural shifts in the economy and increasing…
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