Metallurgy news
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Worthington Steel exceeds Kloeckner bid threshold, additional acceptance period open until April 14U.S. steel company Worthington Steel has announced the results of the initial acceptance period of its voluntary public tender for German steel and non-ferrous metals manufacturer and distributor Kloeckner & Co SE.According to Worthington Steel, after the initial acceptance period expired on March…
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Annual performance of the Chilean economy declined in FebruaryChile's central bank reported that the country's economy contracted 0.3 percent in February 2026 compared with February 2025, as measured by the IMACEC index, Chile's key economic index designed to provide quick monthly estimates of the country's economic activity.Data shows that goods production…
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Polish company Weglokoks will invest more than $2.3 billion by 2030 and shift focus to steelPolish coking coal exporter Węglokoks has unveiled a new strategy to 2030, planning investments of more than $2.3 billion aimed at transforming its business model and reducing its dependence on coal, according to local media reports.The group is set to reposition itself to focus on steel, energy…
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TCUD: Turkish steel production will increase in February 2026, but exports will fall even moreCrude steel production rose 3.4 percent year-on-year to 3.20 million tons in Turkey in February this year, maintaining its position as the world's seventh-largest steel-producing country, while production rose 4.7 percent year-on-year to 6.41 million tons in the first two months, according to a…
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Trustee submits new sale offer after failed auction of AHMSA assetsAccording to local media reports, Victor Manuel Aguilera, the bankruptcy trustee of Mexican steel company Altos Hornos de México (AHMSA) and its subsidiary Minera del Norte (Minosa), has submitted a revised proposal to sell both companies as a single production unit after the cancellation of the…
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Canada's iron and steel imports fell by 61.2 in January 2026According to Statistics Canada, the country's iron and steel imports totaled 1.38 million tonnes in January 2026, down 61.2 percent from last year. In value terms, iron and steel imports totaled $755.39 million in January 2026, up from $884.85 million in the same month in 2025.Canada imported the…
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UNCTAD: Violations in the Strait of Hormuz are driving up energy prices, freight and global tradeAccording to the United Nations Conference on Trade and Development (UNCTAD), ongoing geopolitical tensions in the Strait of Hormuz have led to serious disruptions to global maritime trade, with serious implications for energy markets, freight costs and supply chains.UNCTAD said the Strait of…
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The value of South African non-ferrous metals exports fell by 20.7 percent in January-February 2026According to data released by the South African Revenue Service (SARS), in February this year the value of exports of base metals and metal products from South Africa was 14.69 billion South African rand ($863 million), up 15.8 percent from January. In January-February, the value of South Africa's…
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Wood Mackenzie: Simandou will change the dynamics of the global iron ore marketAccording to Scottish energy research and consultancy Wood Mackenzie, the Simandou iron ore project in Guinea will mark a major shift in the global marine iron ore market, positioning it as a key driver of long-term supply growth.The project is expected to begin exporting around 16 million tonnes…
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Ferrexpo warns of liquidity risks amid delays in VAT refundsSwiss mining company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has provided an update on its current trading. The company reported continued financial pressure as it manages costs and liquidity amid ongoing operational challenges, with outstanding VAT refunds reaching…
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