Metallurgy news
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Ibokin and Mitsui collaborate to increase scrap supply for steel decarbonizationJapanese company Ibokin Co., Ltd. announced the signing of a memorandum of understanding with Mitsui & Co., Ltd. to create a stable and scalable scrap supply system that supports the steel industry's transition to low-carbon production.The growing importance of recycled raw materialsThe…
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New car registrations in the EU increased by 4% in January-March 2026In March this year, registrations of new passenger cars in the EU increased by 12.5 percent year-on-year to 1.16 million units, according to the European Automobile Manufacturers Association ACEA.In this month, Germany (+16.0%), France (+12.9%), Spain (+11.7%) and Italy (+7.6%) reported positive…
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US rebar imports rose 2.2 percent in February 2026 compared to JanuaryU.S. imports of rebar totaled 104,268 tons in February of this year, up 2.2 percent month-on-month and up 126.0 percent year-over-year, according to preliminary U.S. Commerce Department census data. In value terms, rebar imports were $56.65 million in February this year, up from $56.86 million in…
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Shandong Steel returns to net profit in 2025 amid cost management and mergers and acquisitionsThe Chinese steel company Shandong Iron and Steel Company Ltd announced that in 2025 it recorded operating revenue of 67.253 billion yuan ($9.8 billion), which is 12.11% less than in the previous year, and net profit of 106 million yuan ($15.5 million) for this period. year, moving from loss to…
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Imports of steel bars to Georgia from Turkey increased in the first quarter of 2026In January-March this year, Georgia's total foreign trade turnover with Turkey, which is the country's leading trading partner, amounted to $802.1 million, including imports worth $657.32 million, up 9.2%, and exports worth $144.81 million, up 90.5% year-on-year, according to preliminary data…
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OCTG exports to the United States decreased by 13.2 percent in February 2026 compared to JanuaryAccording to export data from the U.S. Department of Commerce, exports of pipe products from the petroleum countries (OCTG) to the United States totaled 11,920 tons in February this year, which is 13.2 percent less than in January and 38.8 percent less than in February 2025. In value terms, OCTG…
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Global crude steel production fell 4.2 percent in March 2026Global crude steel production fell 4.2 percent year-on-year to 159.9 million tons in March this year, according to the World Steel Association.Global crude steel production fell 2.3 percent year-on-year to 459.2 million tons between January and March this year.In March, steel production in Asia was…
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SSAB supplies high-strength steel for Kruunuvuori Bridge in HelsinkiSwedish steel company SSAB has announced the supply of over 3,000 tons of high-strength structural steel for the Kruunuvuori Bridge in Helsinki, one of the largest bridge projects ever implemented in Finland.The bridge structures are mainly built using high-strength SSAB Domex® steel, especially…
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Daily steel production at CISA plants rose 4.4% in mid-April 2026, and inventories also roseThe China Iron and Steel Association (CISA) announced that in mid-April (April 11-20) this year, the average daily production of crude steel by large and medium-sized steel mills in China - all CISA members - was 2.111 million tons, up 0.4 percent from early April (April 1-10) this year.In early…
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NBS: Rebar prices in China rose 0.3 percent in mid-April 2026In mid-April (April 11-20) of this year, the average price in China for HRB 400E 20 mm rebar increased by RMB 8.7/mt ($1.3/mt) or 0.3 percent to RMB 3190.3/mt ($465/mt), compared with the price in early April (April 1-10) as announced by the National Bureau of Statistics of China.During this…
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