Metallurgy news
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Shagang Group has signed a strategic cooperation agreement with CISRIJuly 27, major Chinese steel producer Shagang Group and China Iron & Steel Research Institute Group Co., Ltd. (CISRI), a central enterprise under the direct control of the State Council's State Assets Supervision and Management Commission (SASAC), has signed a strategic cooperation agreement…
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U.S. line pipe imports were down 11.4 percent in May 2026 compared to April.According to final data from the US Department of Commerce, US imports of line pipe totaled 41,378 tons in May this year, down 11.4 percent from April and 48.0 percent less than last year. In value terms, line pipe imports totaled $48.8 million in May this year, up from $51.5 million in April and…
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Rebar exports from the United States increased by 20.2 percent in May 2026 compared with AprilAccording to export data from the U.S. Department of Commerce, rebar exports to the United States totaled 5,264 tons in May this year, up 20.2 percent month-on-month and down 62.2 percent year-on-year. In value terms, rebar exports totaled $5.02 million in May, compared with $4.26 million in the…
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Krakatau Steel declares force majeure after fire interrupts CRC productionIndonesian 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…
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Average freight rates increased $3/t in June for Brazilian finished steel importsBrazil'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…
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Tata Steel UK warns that higher import quotas from Asia threaten UK operationsBritish 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…
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China's steel demand will decline slightly in 2026 as a slowdown in construction could offset production gainsData 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…
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Flacks updates the plans of the former Ilva by proposing a new steel plant in TarantoThe 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…
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Australian company Generation Steel expands green steel project with new reinforcement plantAustralian 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…
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Tk Accelis has signed a 10-year steel supply agreement with SKF for operations in France and the UKTk 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…
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