Metallurgy news
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Germany launches circular economy program with €565 million in financial supportThe German Federal Government has adopted a comprehensive program of action to implement its National Circular Economy Strategy (NKWS), aimed at strengthening industrial competitiveness, improving resource security and reducing dependence on virgin raw materials.Published on 3 June 2026, the…
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Voestalpine reports higher net profit in fiscal year 2025-2026 and expects profit growth in fiscal year 2026-27The Austrian steel company Voestalpine AG has announced financial results for the 2025-26 fiscal year ended March 31.The company reported a net profit of 424 million euros for the year, compared with a net profit of 178.6 million euros in the previous fiscal year. The company's revenue in this…
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BIR: Recycled steel will be the strategic backbone of the future steel industryRecycled steel is increasingly being recognized as a strategic resource rather than simply a secondary raw material, according to Shane Mellor, president of the Bureau of International Recycling's (BIR) Iron and Steel Division. Speaking at the division's latest meeting in Gothenburg, Sweden, Mellor…
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In India, steel production is expected to grow by 3% and imports by 63% in May 2026.%India's crude steel production is tentatively estimated at 14.21 million tons in May 2026, up 2.9 percent from last year, according to data released by the Ministry of Steel on Thursday, June 4.The production of finished steel in May is estimated at 13.94 million tons, which is nine percent more…
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Mexico initiates recall on cessation of HR steel production from RussiaThe Mexican Ministry of Economy has initiated a review of the validity period of the anti-dumping duty on imports of hot-rolled steel sheets in coils from Russia, regardless of the sending country. The review will decide whether the duty should be maintained or allowed to expire. The measure was…
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OECD: Global steel demand recovery to remain weak as overcapacity crisis deepensThe Organization for Economic Cooperation and Development (OECD) said in its Steel Outlook 2026 report that global steel demand is expected to recover only slightly in 2026 after four consecutive years of decline, as the continued slowdown in China's real estate sector offsets stronger growth in…
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Net profit of Metinvest-Resource increased to UAH 7 millionMetinvest-Resource LLC (Zaporozhye) in January-March of this year increased its net profit by 20.3% compared to the same period last year - to UAH 7.044 million from UAH 5.857 million.Ordinary activities during this period increased by 11.1% - to UAH 1 billion 188.955 million from UAH 1 billion UAH…
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Kardemir completes the first production of the new KOCKS RSB line for special steel gradesTurkish integrated long products manufacturer Kardemir Karabuk Demir Celik Sanayi ve Tijaret A.S. (Kardemir) has announced the successful completion of the first production cycle on its new generation KOCKS (RSB) block reduction and calibration line, marking a significant step in the company's…
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Algoma Steel has signed a contract with Hanwha for the supply of military steel for Canadian defense vehiclesSouth Korean defense firm Hanwha has signed a memorandum with Canadian steel manufacturer Algoma Steel and the Canadian Automobile Parts Manufacturers Association (APMA) on the supply of Canadian steel for the prospective production of ground armored vehicles in Canada. This partnership will supply…
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India's JSW Steel Limited will invest $20 billion over the next seven years.Indian company JSW Steel Limited is investing about $20 billion over the next seven years, hoping that the country will continue to focus on expanding infrastructure and production, which will lead to an increase in steel demand to more than 300 million tons per year, the company's managing…
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