Metallurgy news
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South Korea announces KRW 80 trillion support for steel sector amid crisis in Middle EastSouth Korea has introduced a comprehensive support package exceeding KRW 80 trillion ($53.97 billion) to help its steel sector cope with the fallout from the Middle East crisis.The initiative was announced after a high-level meeting led by Financial Services Commission Chairman Lee Won-geon and…
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Samarco's sales in the first quarter of 2026 increased year-on-year, but fell 37 percent from the previous quarter.In a pre-operational disclosure, Brazilian iron ore and pellet producer Samarco announced sales of 3.2 million tonnes in Q1 2026, down 37% from the previous quarter, although 12% more than the 2.8 million tonnes sold in Q1 2025, taking into account cumulative iron volumes. ores and…
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U.S. rebar exports fell 62.0 percent in February 2026 compared to JanuaryAccording to export data from the US Department of Commerce, rebar exports to the US totaled 4,947 tons in February this year, down 62.0 percent month-on-month and down 77.8 percent year-over-year. In value terms, rebar exports were $4.65 million in February, up from $11.78 million in the previous…
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Imports of linear pipes to the United States increased by 52.3 percent in February 2026 compared with JanuaryAccording to the final census data from the U.S. Department of Commerce, imports of linear pipes to the United States totaled 41,813 tons in February this year, up 52.3 percent from January and down 22.4 percent year-on-year. In value terms, imports of linear pipes amounted to $44.35 million in…
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Average freight rates fell in March for Brazilian finished steel importsBrazil's central foreign trade system Siscomex reported that average freight rates for steel imports into the country were $52/t in March, up from $55/t in February.For HRC, they were $28/t for South Korea, $48/t for China, $37/t for Egypt and $202/t for Germany.For CRC, they were $55/t for South…
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Ferrexpo worsened financial results amid falling revenue and EBITDAThe Ferrexpo mining company with assets in Ukraine received a net loss of $211 million, which is 4.2 times more than in 2024 ($50.03 million). in the amount of $18 millionRevenue for 2025 was $787 million, compared to $933.263 million in 2024 (a 16% drop). At the same time, EBITDA amounted to $28…
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Brazilian rebar exports and imports rose in March as shipments to the US resumed and imports from Egypt increased.Brazil exported 31,900 metric tons (MT) of rebar in March and imported 20,300 MT of products, up from 16,900 MT and 5,700 MT respectively in February.The increase in exports reflects the resumption of exports to the United States.March exports were destined for South America (21,700 MT at US$648…
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Tata Steel and Google Cloud are collaborating to deploy agent-based artificial intelligence to enhance autonomous capabilities.Indian steelmaker Tata Steel limited has partnered with Google Cloud to enhance the autonomous capabilities of its global operations using agent-based artificial intelligence (AI) technology, the two companies said in a joint statement on Wednesday, April 22.In just nine months, more than 300…
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Russia's Severstal reported weaker results for the first quarter of 2026 amid lower steel prices and weak demand in RussiaRussian steel company Severstal announced its operating and financial results for the first quarter of 2026, reporting a decrease in revenue, EBITDA and net profit compared to the same period last year, mainly due to weaker steel prices and a more difficult demand situation in the domestic…
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The volume of construction in the eurozone in February 2026 decreased by 0.2 percent compared to JanuaryAccording to the first estimates published by Eurostat, the Statistical Office of the European Union, in February of this year, seasonally adjusted production in the construction sector in the member states of the European Union (EU-27) increased by 0.1 percent compared to January of this year and…
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