Metallurgy news
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Severstal begins installing equipment at CherMK power plantSeverstal has begun installing the main equipment at a power plant that will generate electricity from metallurgical gases at the Cherepovets Iron and Steel Works (CherMK). The project, worth about RUB 13 billion, is expected to boost the mill’s in-house power generation and cut carbon emissions by…
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German industry groups oppose cut to electricity grid subsidySix German industry associations have urged the Bundestag to keep the annual €6.5 billion subsidy for electricity transmission charges. They say a proposed €1 billion cut would increase electricity costs for industry. The joint statement was signed by the German Steel Federation (WV Stahl), the…
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Turkey’s wire rod exports rise 16.1% in January–SeptemberTurkey exported 829,563 mt of wire rod in January–September 2026, up 16.1% from the same period a year earlier. Export revenue rose 20.6% to $494.76 million, according to preliminary data from the Turkish Statistical Institute (TÜİK). September shipments reached 132,908 mt, up 49.7% from August and…
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CSN agrees to exclusive talks to sell cement unit to Huaxin for $2.35 billionBrazilian steel and iron ore producer CSN has signed an exclusivity agreement with China’s Huaxin Building Materials Group Co. for the sale of its cement business. CSN Cimentos is valued at about $2.35 billion at current exchange rates.Signed on October 30, the agreement runs for 10 days and is…
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Metallus reports higher quarterly profit and wins DLA contract worth up to $995 millionUS-based Metallus reported net income of $23.8 million for the third quarter of 2026, up from $8.9 million in the previous quarter. The company also secured a contract with the US Defense Logistics Agency (DLA), including an initial $125 million purchase order and a potential total value of up to…
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Egyptian steelmakers warn of impact from trade restrictionsParticipants at the 19th Arab Steel Summit in Cairo warned that rising protectionism and tighter international trade rules are making conditions more difficult for steel producers across the Arab world. They cited excess capacity, dumping and subsidies, as well as the diversion of exports to less…
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SMS group: Blast furnaces will remain part of steelmaking in 2050Steel decarbonization will progress more slowly and along more varied paths than previously expected, according to a new study by German plant manufacturer SMS group. The choice of technology will depend largely on energy costs, raw-material availability and local conditions. Green Steel Horizons –…
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Tubacex posts €6.2 million Q3 loss as Middle East disruptions hit earningsSpanish seamless stainless steel pipe maker Tubacex reported a net loss of €6.2 million in the third quarter of 2026, compared with a profit of €1.1 million a year earlier. Revenue fell 7.6% to €152 million. Quarterly EBITDA declined 31.8% to €16.2 million, while the EBITDA margin fell to 10.6%…
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Turkish basic metal prices rise 1.85% in OctoberDomestic producer prices in Turkey’s basic metal industry rose 1.85% in October 2026 from September and 28.96% year on year, according to data released by the Turkish Statistical Institute (TurkStat).The average increase over the past 12 months was 25.67%. In the manufacture of metal products…
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Hoa Phat ships first galvanized steel coils to JapanVietnamese conglomerate Hoa Phat Group said on November 2 that it had made its first shipment of galvanized steel coils to Japan. Around 8,000 mt were shipped in the fourth quarter of 2026. The steel meets Japan’s JIS G 3302 standard, including requirements for dimensions, a spangle-free surface…
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