Metallurgy news
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ArcelorMittal maintains net zero target by 2050 despite cost concernsArcelorMittal maintained its 2050 net-zero emissions target in its 2025 sustainability report, despite growing challenges around competitiveness, energy costs and political uncertainty.The company reported a 47.7 percent reduction in absolute emissions from 2018, with its carbon intensity reaching…
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UAE withdraws from OPEC, market sees potential impact on energy costsFollowing its recent announcement, the United Arab Emirates intends to withdraw from the Organization of Petroleum Exporting Countries (OPEC) on May 1, marking a significant shift within the group, which currently consists of 12 oil producing countries, including Saudi Arabia, Iraq, Iran and…
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Exports of tin from the United States in February 2026 increased by 28.1 percent compared to JanuaryU.S. tin exports totaled 3,917 tons in February this year, up 28.1 percent month-on-month and down 0.5 percent from February 2025, according to U.S. Department of Commerce export data. In value terms, tin exports in February were $4.8 million, down from $3.21 million the previous month and $4.15…
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Exports of stretched wire from the United States in February 2026 decreased by 4.7 percent compared to JanuaryAccording to export data from the U.S. Department of Commerce, exports of stretched wire from the United States totaled 6,418 tons in February this year, down 4.7 percent month-on-month and 3.7 percent year-on-year. In value terms, exports of stretched wire totaled $16.46 million in February…
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SSAB's operating profit improved in the first quarter of 2026 on the back of higher deliveries and stronger performance in Europe and the AmericasSwedish steel company SSAB announced its financial results for the first quarter of this year, reporting an operating profit of SEK 2.20 billion ($240 million), compared with SEK 1.35 billion ($147 million) in the same quarter the previous year, mainly due to improved results at SSAB Europe and…
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POSCO to develop low-carbon cast iron production technology with the American company ElectraSouth Korean steel company POSCO has announced a new partnership with the American climate company Electra to jointly develop low-carbon pig iron production technology. The agreement aims to combine POSCO's direct remediation know-how with Electra's electrochemical iron production process…
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Hyundai Steel cuts net loss in 1Q26 despite cost cutsSouth Korean iron and steel company Hyundai Steel announced consolidated financial results for the first quarter of 2026.Accordingly, Hyundai Steel reported a net loss of 39 billion Korean won ($26.37 million) for the quarter due to currency volatility and higher raw material costs, compared to a…
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Modernization of the Primetals and ArcelorMittal full converter in EisenhuttenstadtThe British company Primetals Technologies and the German ArcelorMittal Eisenhüttenstadt, a subsidiary of the global steel company ArcelorMittal with headquarters in Luxembourg, have successfully completed a major converter renovation at the Eisenhüttenstadt steel plant in Germany, replacing and…
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IEEFA notes gap between Indian steelmakers' ambitions and decarbonization effortsThe growing gap between the decarbonization goals announced by Indian companies and the concrete actions needed to achieve them could lock the sector into carbon-intensive technologies for decades, threatening its net zero ambitions and long-term global competitiveness, according to the latest…
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India's industrial output dropped to 4.1 percent in March 2026Industrial production in India, as measured by the Industrial Production Index (IIP), dropped to 4.1 percent in March 2026 from 5.2 percent in February 2026, according to data released by the Ministry of Statistics and Program Implementation on Wednesday, April 29.The manufacturing sector, which…
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