Metallurgy news
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Brazilian sheet metal distributors increased sales by 18.4 percent in MarchAccording to INDA, the Brazilian institute of steel distributors, sales of flat products by Brazilian distributors rose 18.4 percent to 351,900 tons in March from 297,200 tons in February.On the same comparative basis, acquisitions by the INDA-linked distribution chain increased 16 percent to…
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Metinvest repaid the issue of Eurobonds for $428 millionMetinvest B.V. (The Netherlands), the parent company of the mining and metallurgical group Metinvest, has fully repaid Eurobonds worth $428 million at a rate of 8.5% per annum, due on April 23, 2026.The Group has successfully completed the repayment of 2026 war bonds. The repayment was made thanks…
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Stainless steel exports from China decreased by 35.17 percent in January-March 2026Between January and March this year, China's stainless steel imports and exports totaled 408,300 tons and 794,800 tons, up 9.44 percent and 35.17 percent year on year, respectively, according to China's customs authorities.In March alone, China's stainless steel imports and exports totaled 147,400…
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SSAB provides funding of 20 million euros for a non-fossil fuel steel research and development programSwedish specialty steel manufacturer SSAB has announced that it has received 20 million euros in funding from Finnish government innovation finance organization Business Finland for its five-year research and development program, Sustainable Peace through Steel, aimed at accelerating the transition…
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Nanjing Steel reported net profit growth of 3.23% for January-March 2026China steel company Nanjing Iron and Steel Co., Ltd (Nanjing Steel) from Jiangsu province released its financial report for the period from January to March this year, saying its operating revenue for the period was 14.414 billion yuan (USD 2.1 billion), up 0.42 percent year-on-year, and net profit…
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German industry faces stagnation in 2026 amid high energy prices and structural problemsAccording to the Federation of German Industry (BDI), Germany's industrial sector is unlikely to recover in 2026, with production expected to stagnate at best. The warning was announced by BDI President Peter Leibinger at the opening of the Hanover Fair.Prolonged decline in productionIndustrial…
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UK carmakers call on EU to protect €80bn trade under Industrial Acceleration ActThe Society of Motor Manufacturers and Traders (SMMT) has called on the European Union to reconsider the proposed Industrial Acceleration Act (IAA), warning that excluding the UK from the Made in Europe framework could undermine a highly integrated automotive partnership.€80 billion trade…
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Kametstal expands its own repair capabilities to increase the reliability of sintering equipmentUkrainian Metallurgical Plant Kametstal, a subsidiary of the Ukrainian mining and metallurgical group Metinvest, announced the expansion of its own repair facilities as part of efforts to optimize costs and improve operational efficiency. The initiative is aimed at improving the reliability of…
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BHP enters into iron ore supply deal with China Mineral Resources GroupAustralian miner BHP has reportedly struck a key iron ore supply agreement with Chinese state-owned unit China Mineral Resources Group (CMRG), a significant step in stabilizing its position in its biggest export market.The deal follows months of negotiations after earlier tensions in which CMRG…
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China's FAI in transportation lost 2.5% in the first quarter, despite overall strong infrastructure growthThe total volume of fixed asset investment (FAI) in transport in China in the period from January to March this year amounted to 651.9 billion yuan ($95.0 billion), which is 2.5 percent less than in the previous year, as announced by the Ministry of Transport of China (MT).p>During the specified…
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