Metallurgy news
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ICD arranges $900 million financing for Mauritanian iron ore projectAccording to a press statement issued by the Islamic Corporation for Private Sector Development (ICD), the private sector arm of the Islamic Development Bank Group (ISDB), the institution will arrange financing of up to $900 million for the Saudi Mining and Steel Company (Takamul) iron ore project…
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Vietnam's steel imports decreased by 42.6 percent in February 2026 compared to JanuaryIn February of this year, steel imports from Vietnam totaled 873,107 tons, down 42.6 percent from January, while scrap metal imports were recorded at 432,882 tons, down 14.7 percent from the same month, according to data released by the General Administration of Customs of Vietnam In the first two…
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India's Tata Steel and China's University Low Carbon Steel R&D PactIndia's Tata Steel limited and Beijing University of Science and Technology (USTB) have signed a memorandum of understanding (MoU) to advance research and development in low-carbon steel technologies, the company said in a statement on Tuesday, March 17.The collaboration brings together industrial…
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Car sales in Turkey increased by 2.6 percent in January-February 2026In February of this year, car sales in Turkey totaled 91,053 units, up 17.3 percent from January and down three percent year-on-year, according to monthly statistics released by the Association of Automobile Manufacturers of Turkey (OSD). In the same month, passenger car sales in Turkey totaled…
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SMS Group will supply flowering castor to the Chinese company Xiangtan Iron & SteelAccording to German manufacturer SMS Group, Chinese steel manufacturer Xiangtan Iron & Steel (Group) Co., Ltd. entered into a contract with the company to supply new four-strand castor for flowering SMS Concast for its existing converter shop in Xiangtan. Commissioning of the new bloom caster is…
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Danieli will supply a welder for cylindrical ingots to the Turkish company EkincilerItalian manufacturer Danieli Technologies has announced that Turkish steel manufacturer Ekinciler Demir Celik has signed a contract with the company for the supply of a horizontal welding machine for a sixth-generation rolling mill in Turkey, which is scheduled to be launched in the second quarter…
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Kametstal has launched a technology for self-recovery of critical equipmentThe Kametstal plant of the Metinvest Mining and Metallurgical Group, established at the facilities of the Dnipro Metallurgical Plant (Kamenskoye, Dnipropetrovsk region), has mastered the technology of restoring cast-iron buckets for metallurgical enterprises.According to the press release, a new…
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Fitch raises iron ore and coking coal price forecasts to 2026 amid cost supportInternational credit ratings agency Fitch Ratings has announced updates to its near-term price assumptions for both iron ore and coking coal, reflecting stronger-than-expected market conditions and cost support into early 2026.Iron ore outlook upgraded on cost supportFitch upgrades iron ore price…
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EUROFER: EU steel exports decreased by 12 percent in 2025, trade deficit widensAccording to the report Economic and Steel Market Outlook 2026-2027/Q1 2025 by the Economic Committee of the European Steel Association (EUROFER), the total exports of EU steel products to foreign markets decreased by 12 percent year-on-year for the whole of 2025. Exports of finished and flat…
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Industrial output in China's steel sector rose 2.2 percent in January-February 2026In January-February this year, the value-added industrial output of the ferrous metal smelting and rolling sector in China increased by 2.2 percent year-on-year, as announced by China's National Bureau of Statistics (NBS) on March 16.In the first two months, China's total value-added industrial…
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