Metallurgy news
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IEA Executive Director: Oil prices do not reflect the severity of the crisisAccording to media reports, Fatih Birol, executive director of the International Energy Agency (IEA), said at an event hosted by the Atlantic Council that oil prices had only reacted to a limited extent to recent developments in global energy markets.Noting that although oil prices have risen due…
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Worldsteel: Global steel demand at inflection point in 2026, growth to accelerate in 2027According to the Short-Term Outlook (SRO) report published by the World Steel Association in April 2026, global steel demand is expected to grow by 0.3 percent in 2026 to reach 1.72 billion tons, indicating a moderate recovery, while growth is forecast to accelerate to 2.2 percent in 2027, bringing…
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Steel imports to Vietnam in March 2026 increased by 44.9 percent compared to February.In March of this year, steel imports to Vietnam totaled 1.24 million tons, up 44.9 percent from February, while scrap imports were registered at 556,702 tons, up 28.5 percent from the same month, according to data released by By the General Customs Administration of Vietnam.In the first three…
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EU reaches preliminary agreement on new measures to protect the steel industryThe Council of the European Union and the European Parliament have reached a preliminary agreement on new measures aimed at protecting the EU steel industry from global overcapacity and rising import pressure.The agreement aims to address the impact of excess global steel capacity, expected to…
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China's steel exports decreased by 9.9% in the first quarter, but still exceeded 9 million tons in March.According to the latest data released by the General Administration of Customs of China (GACC), in the period from January to March of this year, exports of finished steel from China amounted to 24.717 million tons, a decrease of 9.9 percent year-on-year. This is the expected result after the…
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Marcegaglia awarded Danieli a €450 million contract to build a new steel plant in Fos-sur-MerItalian steel producer Marcegaglia has awarded Italian mill Danieli a contract to build a new steel plant in Fos-sur-Mer in the south of France as part of its “Project Mistral”. The total value of the agreement, announced in a joint press release issued on April 13, is approximately 450 million…
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ArcelorMittal Dofasco closes coke plant No. 3 as part of decarbonizationThe Canadian company ArcelorMittal Dofasco decommissioned its coke plant No. 3, the final production of which was completed on April 13, 2026, which was a key milestone in its decarbonization strategy.The shutdown was first announced in 2021 as part of the company's broader plan to reduce emissions…
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Stegra secures €1.4bn green steel financing to advance construction of Boden plantSwedish green steel producer Stegra has reached a major milestone by agreeing in principle to a €1.4 billion financing package, ensuring its flagship low-carbon steel plant in Boden can be completed.Stegra secures full financing for Boden Green Steel projectStegra has agreed in principle to secure…
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Germany supports the inclusion of green steel in the EU automotive packageThe German government has expressed united support for the EU's Automotive Package, endorsing the inclusion of low-carbon materials such as green steel as part of compliance mechanisms. This position was confirmed after the meeting of the coalition committee held on April 10.According to the…
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Meranti Green Steel evaluates new investments in processing with the Duqm HBI projectSingapore steelmaker Meranti Green Steel (MGS) is evaluating investment in steel processing alongside its low-carbon iron project in Duqm, Oman, CEO Dr Sebastian Langendorff said in a statement to local media.The company is advancing its first phase of investment, a 2.5 million tonne hot briquetted…
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