Metallurgy news

• Ukraine's Zaporizhstal announced a decrease in iron and steel production in January 2026 The Ukrainian Metallurgical Plant Zaporizhstal, owned by Metinvest, announced its production results for January this year.Accordingly, in January, Zaporizhstal produced 249,900 tons of pig iron, 234,400 tons of raw steel and 215,700 tons of finished steel, decreasing by 13.1 percent and 3.5... 03.02.2026  12:00

• Eldorado Gold acquires Canadian copper producer Foran Mining for $2.8 billion International gold mining company Eldorado Gold is buying Canadian copper producer Foran Mining for C$3.8 billion ($2.8 billion).According to a press release from the companies, Foran shareholders will receive 0.1128 shares of Eldorado plus $0.01 per share. As a result, they will own about 24% of... 03.02.2026  12:00

• EU industry leaders mostly support the "Made in Europe" strategy to protect competitiveness Stephane Sejournay, executive vice president of the European Commission for Prosperity and Industrial Strategy, said Europe must adopt a "Made in Europe" strategy to protect its industrial base and reduce over-reliance on external competitors, according to Reuters.In an article published in... 03.02.2026  11:00

• JISCO has commissioned the first integrated CSP® -HSM line in Jiayuguang German manufacturer SMS Group has announced that Chinese steel manufacturer JISCO Carbon Steel has successfully commissioned the world's first integrated production line combining compact strip (CSP®) and hot strip (HSM) production modes at its Jiayuguang plant in China.The integrated CSP® -HSM l... 03.02.2026  11:00

• Indian NMDC Limited predicts an 8% increase in iron ore production in January 2026 Indian state-owned mining company NMDC Limited achieved iron ore production of 5.56 million tons in January 2026, an increase of 8.04% year-on-year, according to a company statement on Tuesday, February 3.The company reported total sales of 4.79 million tons, an increase of 6.92% year-on-year.In... 03.02.2026  10:00

• The Government of India has approved the PROPOSAL of the MOIL Limited joint Venture to implement manganese mining projects in Madhya Pradesh The Government of India has approved a proposal to establish a joint venture between Indian Miner MOIL Limited and Madhya Pradesh State Mining Corporation Limited (MPSMCL) to implement manganese mining projects in Madhya Pradesh, a representative of the Government of India said on Tuesday, February... 03.02.2026  10:00

• Average new home prices in 100 Chinese cities increased by 2.52% in January 2026. In January of this year, average new home prices in 100 major Chinese cities totaled 17,114 yuan per square meter ($2,455 per square meter), up 0.18 percent from the previous month and 2.52 percent year-on-year, according to the CIA, the largest independent real estate research organization in... 03.02.2026  09:00

• U. S. steel imports Decreased by 5.3 percent in November 2025 According to preliminary data from the US Department of Commerce, monthly steel imports to the United States in November this year decreased by 5.3 percent compared to October and by 20.7 percent year-on-year, amounting to 1,489,022 tons. In value terms, steel imports to the United States totaled... 03.02.2026  07:00

• The number of drilling rigs in the US and Canada will increase - fifth week of 2026. Baker Hughes reported that for the week ended January 30, 2026, the number of rotary drilling rigs in the United States increased by 2 to 546.The number of gas drilling rigs increased by 3 to 125, and the number of oil drilling rigs decreased by 1 to 421. The total number of drilling rigs in the... 03.02.2026  06:00

• U. S. crude Steel Production Decreased by 1.1 Percent - fifth week of 2026 According to the American Institute of Iron and Steel (AISI), for the week ended January 31, 2026, domestic production of raw steel in the United States amounted to 1,758 million net tons, and the capacity utilization rate was 76.0 percent.Production for the week ended January 31, 2026 decreased by... 03.02.2026  06:00