Metallurgy news
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Severstal is reviewing its budget for 2026 amid weakening demand for steelRussian steel producer Severstal has adjusted its budget for 2026 in response to a significant deterioration in the steel market, as announced by CEO Alexander Shevelev.Severstal stated that the current market situation is becoming increasingly difficult, prompting the company to implement…
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Russia's Mechel reported higher net losses in 2025 amid a sharp drop in revenue and EBITDAMechel, one of the leading Russian mining and metallurgical groups, announced financial and operating results for 2025.Accordingly, last year the company received a net loss of 78.6 billion rubles. ($893 million) compared to a net loss of 37.12 billion rubles. in 2024, and sales revenue amounted to…
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Feralpi enters into first local biomethane supply agreement with ABItaly's Feralpi Group is stepping up decarbonization efforts by signing the first local agreement on the supply of biomethane to the steel industry. The group announced this in a press release published today on March 30, which states that the contract signed by Acciaierie di Calvisano with AB…
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Aluminum rose in price by 4% due to the Iranian attacks on factories in the Persian GulfAluminum prices are rising on Monday on information about the Iranian attacks on the enterprises of the largest Middle Eastern metal producers.Aluminum futures for delivery in three months on the London Metal Exchange (LME), as of 11:10 a.m., are trading at $3,432.5 per ton. Earlier, during…
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Japan's steel exports decreased by 10.7 percent in January-February 2026According to customs statistics published by the Japanese Federation of Ferrous Metallurgy (JISF), in February of this year, exports of iron and steel products from Japan amounted to 2.18 million metric tons, down 4.5 percent month-on-month and 13.2 percent year-on-year.In the period from January…
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OECD: Rising energy prices and geopolitics affect global prospectsThe global economic outlook remains robust, but has weakened due to rising energy prices and geopolitical tensions, according to the March interim economic outlook report from the Organization for Economic Cooperation and Development (OECD).Global GDP growth is projected to remain broadly stable at…
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CIL India will build eight coal mines, investing $348 million to increase supply to large consumers, including steel millsIndian state-owned mine Coal India limited (CIL) will build eight new coal mines, entailing an investment of $348 million to boost supplies to major industries including steel, the miner said in a statement on Monday, March 30.The eight new washing machines will have a total capacity of 21.5…
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Indian JSL and OREL partially commission a hybrid solar wind power projectIndian companies Jindal Stainless Limited (JS) and Oyster Renewable Energy Limited (OREL) have partially commissioned a 315.6 MW hybrid renewable solar wind energy project in the central state of Madhya Pradesh as part of JSL's transition to clean energy, the company said in a statement on Monday…
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Global production of Toyota vehicles fell in January-February 2026, while sales rose slightlyJapanese automaker Toyota Motor Corporation announced that its global vehicle output fell 3.9 percent year-on-year to 749,673 units in February this year. Specifically, the company's domestic output fell 2.6 percent to 278,916 units, while its overseas output for the month fell 4.6 percent…
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EU initiates protective investigation into import of electrical equipment sheetsThe European Commission has announced that it has initiated a protective investigation into certain types of grain-oriented silicon-electric steel flat products. The investigation is aimed at determining whether protective measures are necessary to protect EU producers from the recent surge in…
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