Metallurgy news
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SteelWatch: Global steel producers are not ready for a near-zero emissions transitionA new assessment by international civil society organization SteelWatch has found that none of the world's largest steel producers are currently ready to transition to near-zero emissions production, despite widespread climate commitments.SteelWatch's corporate scorecard assessed 18 leading steel…
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Gestamp and Iberdrola sign an agreement on renewable energy sources for European plantsSpanish automotive components manufacturer Gestamp has announced the signing of a 10-year renewable power purchase agreement with Spanish energy producer Iberdrola to supply electricity to Gestamp's manufacturing facilities across Europe.Under the agreement, Iberdrola will supply 660,000 MWh of 100…
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Henkel uses bluemint steel packaging from Thyssenkrupp to reduce carbon emissionsGerman packaging steel manufacturer Thyssenkrupp Rasselstein GmbH, a subsidiary of German steel manufacturer Thyssenkrupp, announced that it is supporting German multinational chemical and consumer products company Henkel in reducing the carbon footprint of its packaging by supplying bluemint ®…
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The American company Mesabi Metallics has raised $520 million in funding for a major iron ore mining project.US company Mesabi Metallics, part of India's Essar group, has partnered with Vitol to secure a $520 million credit facility from Breakwall Capital and Valor Mining Credit Partners II as it moves into commercial operations in the third quarter of the year.DR strategic iron ore project in…
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ArcelorMittal France produces first coil at electrical steel plant MardyckArcelorMittal France has announced the successful production of the first industrial coil from its new electrical steel production line at the Mardyck site in northern France, marking the start of operations and a key milestone in the commissioning phase. The first coil, produced on March 26, 2026…
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Algoma Steel issues guidance for 1Q 2026, expecting negative EBITDA amid rising EAFCanadian steel producer Algoma Steel provided its financial and operating guidance for the first quarter ended March 31, 2026. The manufacturer said total steel shipments for the period are expected to reach approximately 220,000 tonnes, while adjusted EBITDA is forecast to be in the range of minus…
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In India, RINL forecasts 51 per cent growth in crude steel production in FY 2025-26Indian state-owned steelmaker Rashtriya Ispat Nigam limited (RINL) achieved crude steel production of 5.43 million tonnes in fiscal 2025-26, up 51% year-on-year, according to a company statement on Thursday, April 2.RINL reported steel sales of 4.42 million tonnes in the said year, up 27%…
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Indian NMDC limited forecasts iron ore production to grow by 51% in March 2026Indian state-owned mining company NMDC limited achieved iron ore production of 5.35 million tonnes in March 2026, an increase of 50.7 percent year-on-year, according to a company report on Thursday, April 2.Total iron ore production in FY 2025-26 stood at 53.15 million tonnes, an increase by 21…
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India's LMEL forecasts iron ore production to rise 120% in fiscal 2025-26India's Lloyds Metal and Energy limited (LMEL) achieved iron ore production of 21.96 million tonnes in the 2025-26 financial year, up 120 percent year-on-year, according to a regulatory filing on Thursday, April 2.The company reported iron ore pellet production of 9.1 million tonnes for the year…
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Brazilian mining company Vale extends the life of its Itabira iron ore mineIn a Form 20-F filing with the U.S. Securities and Exchange Commission (SEC), Brazilian miner Vale said it has extended the life of its Itabira iron ore complex by an additional 12 years, until 2053.The Itabira complex, located in the state of Minas Gerais, is the first mine explored by the company…
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