Metallurgy news
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EUROMETAL Southern Europe Meeting 2026: European industry between regulatory uncertainty and finding a new balanceDuring a panel discussion The New Normal of the Global Economy as Europe Loses Its Way at the EUROMETAL Southern Europe Meeting 2026 held recently in Milan, Emilio Rossi (EconPartners & Oxford Economics), Fernando Espada (Tata Steel) and Armando Cafiero (Confindustria Ceramica) painted a clear…
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Indian IMFA completes acquisition of Tata Steel limited's ferrochrome plant in OdishaIndian Metals and Ferro Alloys limited (IMFA), India's largest integrated ferroalloys producer, has completed the acquisition of Tata Steel limited's ferrochromium plant in the eastern Indian state of Odisha, the company said in a statement on Monday, March 2.The plan to acquire the Tata Steel…
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Producer prices in French industry rose 0.5 percent in January compared to DecemberIn January this year, producer prices in French industry rose 0.5 percent month-on-month and fell 2.3 percent year-on-year, according to statistics published by France's National Institute of Statistics and Economic Research (INSEE). Manufacturer prices for industrial products in France rose 0.3…
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Indian NMDC limited forecasts iron ore production to grow by 16% in February 2026India's state-owned mining company NMDC limited achieved iron ore production of 5.35 million tonnes in February 2026, up 16% year-on-year, according to a company statement on Monday, March 2.The company reported total sales of 4.60 million tonnes, also up 16% from February 2025 Cumulative iron ore…
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Rig count decline in US and Canada - Week 9, 2026Baker Hughes reported that for the week ended February 27, 2026, the number of rotary drilling rigs in the United States fell one week on week to 550.The number of gas and oil drilling rigs remained unchanged at 134 and 407, respectively. The total U.S. rig count fell by 43 rigs compared to the…
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Siderperu's net profit increased sharply in 2025Peruvian steelmaker Siderperu reported net profits equivalent to $52.689 million in 2025, up 28.8% from the $40.895 million achieved in 2024.Net sales rose 5.3% to $686.458 million, production costs increased 0.5% to $616.928 million, gross profit increased by 20.0% to $85.839 million and operating…
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Gulf escalation disrupts shipping, steel could suffer if war continuesThe US-Israeli military strikes on Iran that began on February 28 and the subsequent Iranian response have naturally created a tense situation in the Persian Gulf, affecting operations in many industrial segments in the regions. The effects have already been seen in the oil and gas sector, with…
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CRC exports to the US fell 36.7 percent in December 2025 compared to NovemberAccording to export data from the U.S. Department of Commerce, cold rolled coil exports to the United States totaled 38,746 tons in December 2025, down 36.7 percent from the previous month and down 21.1 percent from the same period last year. In value terms, CRC exports totaled $52.9 million in…
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US HRP imports increased 0.7 percent in December 2025 compared to NovemberU.S. hot-rolled sheet imports totaled 46,808 tons last December, up 0.7 percent from November and down 76.8 percent from December 2024, according to preliminary data from the U.S. Department of Commerce. 2024The US imported the majority of HRC from Canada in December with 21,151 tonnes, up from…
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US scrap metal exports down 19.5% in December 2025 compared to NovemberAccording to the latest data from the US International Trade Commission, US scrap metal exports totaled 1,006,992 tons in December 2025, down 19.5% month-on-month and up 22.1% year-on-year.Turkey was the largest recipient of US scrap metal exports in December with 431,773 tons, up 5.7% higher…
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