Metallurgy news
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EU states call for ETS reform to reduce carbon price volatilityEuropean Union member states are expected to call on the European Commission to propose reforms to the bloc's carbon market by July 2026, according to draft conclusions prepared for the upcoming EU leaders' summit seen by Reuters.At a European Council meeting scheduled for March 19, governments…
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Fives to supply annealing furnaces for Chinese Yongfeng GroupThe French engineering company Fives Group has signed a major contract with the Chinese steel company Yongfeng Group for the design and supply of annealing furnaces for new strip processing lines in China.The project concerns the Yongfeng Group's new steel mill, which is currently under…
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CAAM: NEV sales in China decreased by 6.9% in January-FebruaryIn January-February this year, China's new energy vehicle (NEV) production and sales totaled 1.735 million units and 1.71 million units, down 8.8 percent and 6.9 percent year-on-year, respectively, according to the China Association of Automobile Manufacturers (CAAM).In February alone, China's new…
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In January-February 2026, FAI on China's railways increased by 5.4% to 72.2 billion yuan.China Railway Corporation (CRC) announced that the total fixed asset investment (FAI) of China's railways between January and February this year was 72.2 billion yuan (US$10.5 billion), up 5.4 percent year-on-year.The high-quality and efficient development of railway construction has brought new…
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CAAM: Car sales in China fell by 8.8 percent in January-February 2026According to the Chinese Association of Automobile Manufacturers (CAAM), in January-February of this year, the production and sale of automotive equipment in China amounted to 4.122 million units and 4.152 million units, down by 9.5 percent and 8.8 percent year-on-year, respectively.During the…
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ArcelorMittal Krivoy Rog fights energy costs and CBAM exposureMauro Longobardo, CEO of ArcelorMittal Kryvyi Rih (AMKR), the Ukrainian subsidiary of the global metallurgical concern ArcelorMittal, said in an interview with the Ukrainian news agency Interfax-Ukraine that the company's mining division is currently operating at about 75 percent of full…
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EU steel safeguard quotas fill in first quarter and Türkiye nears exhaustion of HRC quotaIn the last month of the EU quota period from January 1 to March 31, part of the import quotas for some steel products allocated to Turkey, Algeria, Vietnam, India, Japan, South Korea and China had already been exhausted, while more than 75 percent of the quotas for some steel products had been…
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UAE and Japan sign CEPA agreement to expand trade and investment tiesThe UAE and Japan have signed a Comprehensive Economic Partnership (CEPA) agreement aimed at strengthening bilateral trade and investment ties across a wide range of sectors. According to official statements, the agreement is expected to lower certain trade barriers, facilitate market access, and…
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Turkey's Koç Holding invests in Stegra green steel plant in SwedenSwedish steel company Stegra has completed a new share issue as part of its ongoing capital raising process to finance the completion of its green steel plant in Boden, northern Sweden, according to Swedish media reports.As part of the capital increase, the company issued about 850 million new…
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India's shipping regulators warn shipping companies and agents against predatory prices amid war in the Middle EastThe Director General of the Indian Shipping Regulator (DGS) has warned shipping companies, ship operators, or their agents against "predatory, opaque, and opportunistic pricing practices" amid disruptions caused by the U.S.-Israeli attack on Iran and the resulting geopolitical uncertainty in the…
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