Metallurgy news

• ArcelorMittal sees higher net profit in 2025, despite lower revenues, and expects global steel demand to grow in 2026. Luxembourg steel producer ArcelorMittal has announced financial results for the fourth quarter and the full year 2025.In the fourth quarter of last year, ArcelorMittal recorded a net profit of $177 million, compared with a net profit of $377 million in the third quarter, while sales revenue... 05.02.2026  13:00

• Asia has become Metinvest's main market for iron ore raw materials with a share of 55% Metinvest B.V. (The Netherlands), the parent company of the Metinvest mining and metallurgical group, sold 39% of metal products in the domestic market in January-September 2025 from the total sales of metal products worth $ 3.777 billion against 38% for the same period in 2024 with total sales of... 05.02.2026  13:00

• UK begins review of expiry of AD duty on welded pipes and pipes from China and Belarus The UK Trade Remedies Authority (TRA) has announced that it has initiated a review of the duration of anti-dumping duty (AD) on welded pipes and pipes from China and Belarus.The investigation, which covers the period from 1 October 2024 to 30 September 2025, was launched at the request of domestic... 05.02.2026  12:00

• Baowu acquires most of the consortium for the Simandou iron ore project According to Reuters, Chinese steel producer Baowu Resources has taken control of the operator of Guinea's blocks 1 and 2 Simandou, increasing its stake in the winning consortium Simandou to 51 percent from 49 percent.Reuters reported that following the deal, the Singapore-registered parent company... 05.02.2026  12:00

• Thyssenkrupp Steel expands Renewable Energy sources with new PPAs to reduce emissions German steel producer thyssenkrupp Steel has announced that it has signed four electricity purchase agreements (PPAs) to provide about 230 GWh of renewable electricity as part of its decarbonization strategy.Agreements have been concluded with Quadra Energy, Statkraft, Centrica Energy and Sunnic... 05.02.2026  11:00

• GravitHy, Elyse Energy and Marcegaglia join forces in Fos-sur-Mer GravitHy, a French producer of environmentally friendly iron, has announced the signing of a memorandum of understanding with French company Elyse Energy and Italian steel producer Marcegaglia to explore and develop industrial synergies in Fos-sur-Mer, one of France's most important industrial port... 05.02.2026  11:00

• CISA: China's coking coal purchase costs down 27.32 percent in 2025 In 2025, China's weighted average purchasing costs for coking coal, metallurgical coke, domestically produced iron ore, imported iron ore and ferrous scrap decreased by 27.32%, 24.36%, 6.26%, 7.26% and 9.94% year on year, respectively, as announced by China Iron and Steel Industry Association... 05.02.2026  10:00

• Turkey's HRC exports increased by 23.4 percent in 2025 Last December, exports of hot rolled steel (HRC) to Turkey totaled 206,709 metric tons, up 38.3 percent from November and down 6.2 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these exports amounted to $116.31... 05.02.2026  10:00

• New bonds issued by local governments in China totaling RMB 173.2 billion in December 2025. According to China's Ministry of Finance, the amount of new bonds issued by local governments in China last December was 173.2 billion yuan (USD 24.9 billion), accounting for 61.05 percent of the total amount of bonds issued by local governments.In 2025, the total amount of new bonds issued by... 05.02.2026  09:00

• Key approval has been received for the Pengji mine, the largest iron ore mine in Shandong Province. The National Mining Safety Administration of China has completed the design review of the safety equipment for the iron mining project at the Pengji mine of Shandong Pengji Mining Co., Ltd. and officially approved the plan. This approval creates a solid safety foundation for the legitimate and... 05.02.2026  09:00