Metallurgy news
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The Swedish company LKAB increased its mineral reserves to 7.2 billion tons thanks to the results of geological exploration workSwedish iron ore producer LKAB has announced a significant increase in its mineral resources following exploration activities in 2025, strengthening its long-term resource base for iron ore and critical minerals.Total mineral resources and reserves reached a total of 7.2 billion tonnes, the company…
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South Korean government approves POSCO's hydrogen-based DRI plant in PohangThe construction of South Korean steelmaker POSCO's hydrogen-based steel plant in Pohang has received final approval from South Korea's Ministry of Land, Infrastructure and Transport, local media reported.The ministry announced that it has approved amendments to the Pohang National Industrial…
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Turkish steel sector: CBAM defaults do not reflect low carbon productionTurkey's steel sector said default emissions values under the EU Carbon Border Mechanism do not accurately reflect Turkey's low-carbon production structure, calling for a reassessment of the methodology.Yalcin Ertan, chairman of the Aegean Ferrous and Non-Ferrous Metals Exporters Association…
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JFE Steel and JSW Steel limited are close to concluding a joint venture agreementJapan's JFE Steel Corporation limited has invested approximately $837.77 million to acquire a 25 percent stake in JSW Kalinga limited, a subsidiary of India's JSW Steel limited, according to a regulatory filing on Wednesday, April 1.This is the first phase of investment, while in the second phase…
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Metinvest: CBAM, rising costs and Russian steel put pressure on Ukraine's exports to the EUAlexander Vodoviz, head of the office of the CEO of Ukrainian mining and steel enterprise Metinvest Group, outlined the key challenges facing Ukrainian steel exports to the EU during the Forbes Ukraine Exporters Summit in Kyiv, pointing to the cumulative impact of the EU Carbon Border Adjustment…
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Vale targets India to expand iron ore sales and tradingBrazilian miner Vale SA is seeking to expand its presence in India by increasing iron ore supplies, targeting one of the world's fastest-growing steel markets, according to a Bloomberg report.India represents not only a sales opportunity, but also a potential hub for sourcing, blending and…
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Scrap imports to Turkey increased by 2.7 percent in January-February 2026Turkey's scrap imports fell 17.7 percent month-on-month and 9.4 percent year-on-year to 1.40 million metric tons in February this year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports was $534.53 million, down 15.9% year-on-year and 7.8%…
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SMS Group signs contract for SAIL Durgapur upgrade for cylindrical ingot rollersThe German SMS Group plant has received a turnkey contract from the Indian state-owned steel manufacturer Steel Authority of India Limited (SAIL) for the modernization of ingot casting machines at its Durgapur Steel Plant (DSP) in West Bengal, India.According to SMS Group, the scope of the project…
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Wire exports to the US rose 12.5% in January 2026 compared to DecemberAccording to export data from the US Department of Commerce, wire exports to the United States totaled 6,737 tons in January this year, up 12.5% month-on-month and down 15.0% year-over-year. In value terms, wire exports were $18.1 million in January, up from $17.7 million in the previous month…
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ArcelorMittal and Renault collaborate on low carbon steel for electric vehicle productionLuxembourg steelmaker ArcelorMittal has announced a partnership with French automaker Renault Group focused on sustainable mobility, marking the start of low-emission steel supplies for electric vehicle (EV) production.Since September 2025, ArcelorMittal has been supplying its Usibor® 1500XCarb®…
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