Metallurgy news
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Nippon Steel has raised $5.6 billion in financing to repay the US Steel Bridge loan.Japanese steel company Nippon Steel Corporation announced that it has received about 900 billion yen ($5.64 billion) in financing under a co-financing agreement led by the Japan Bank for International Cooperation (JBIC) along with major Japanese lenders.The funds will be used to repay an interim…
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China's iron ore production rose 1.3 percent in January-February 2026In January-February this year, China's iron ore production totaled 161.644 million tons, up 1.3% year on year, according to China's National Bureau of Statistics (NBS).In the first two months of this year, iron ore import prices were generally moving in a downward direction. The lowest iron ore…
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CPCA: Passenger car sales in China totaled 1.7 million units in March 2026The Chinese Passenger Car Association (CPCA) said that retail sales of passenger cars in China are expected to reach 1.7 million units in March this year, up 64.5 percent month-on-month and down 12.4 percent year-on-year.In particular, retail sales of new energy vehicles in China are likely to…
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Prices for industrial products and raw materials in Canada will increase in February 2026Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.4 percent month-on-month in February and increased 5.4 percent year-over-year, according to Statistics Canada. Prices for raw materials purchased by manufacturers operating in Canada, as…
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Coke production in China increased by 1.1 percent in January-February 2026In January-February of this year, China's metallurgical coke production amounted to 82.546 million tons, which is 1.1 percent more than last year, according to the National Bureau of Statistics of China (NBS).During the specified period, China's crude coal production amounted to 762.886 million…
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Decrease in the number of drilling rigs in the USA and Canada - Week 12 of 2026Baker Hughes reported that for the week ended March 20, 2026, the number of rotary drilling rigs in the United States fell by one drilling week for the week to 552.The number of gas drilling rigs decreased by two to 131 , and the number of oil drilling rigs increased by two to 414. The total number…
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Brazil's steel production fell in FebruaryBrazil's crude steel production reached 2.523 million metric tons (t) in February 2026, up from 2.676 million t in February 2025, according to the Brazilian Steel Institute IABR.On a like-for-like basis, rolled steel output fell 0.3 percent to 1.840 million t, while flat steel production increased…
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British Steel wins order to export billets worth £70m for port projects in Nigeria and increases productionBritish steel manufacturer British Steel has announced that the company has received one of its largest export orders, worth £70 million, for port redevelopment projects in Nigeria.British Steel said an agreement had been signed with Hitech Construction Africa Ltd, which will be the contractor for…
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UK unveils new steel strategy with higher tariffs, lower quotas and £2.5bn support.The UK Government has announced a new steel strategy aimed at stabilizing and rebuilding the domestic steel sector, introducing stronger trade protection and financial support measures. The strategy includes a new steel trade measure with tariffs of up to 50 per cent, as well as up to £2.5 billion…
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Pakistan expands anti-dumping duty on CR coils and sheets from China after bypass probeThe National Tariff Commission of Pakistan has decided to extend the existing anti-dumping duty on imports of cold-rolled coils and sheets of cast iron or non-alloy steel from China after completing the circumvention investigation.The Commission stated that the initial anti-dumping duties of 13.17…
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