Metallurgy news
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Scrap exporters are suing for the fourth time, trying to cancel the Cabinet's zero quotasEnterprises producing ferrous metal scrap in January of this year reduced the production of ferrous scrap metal by 18.5% - to 97.1 thousand tons from 149 thousand tons.According to the Ukrainian Association of Secondary Metals (UAVtormet), scrap collectors over the past month reduced the supply of…
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India's BHEL wins order for power project to expand IISCO steel plantIndian state-owned Bharat Heavy Electricals limited (BHEL) has been awarded the order to build a power project for state steelmaker Steel Authority of India limited (SAIL) IISCO steel plant located at Burnpur in the eastern state of West Bengal, the company said in a statement on Wednesday…
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ICRA: Car sales growth in India will normalize by 3.6% in fiscal year 2026-27According to a report by the Indian rating agency ICRA published on Wednesday, February 18, car sales in India will return to growth in fiscal year 2026-27 at 3.6 percent after a period of rapid growth seen by the end of fiscal year 2025-26 amid lower rates of goods and services Tax (GST).Sales…
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Revenue of the Chilean Antofagasta increased by 30% due to the rise in copper pricesBy the end of 2025, Chilean Antofagasta Plc increased its profit before tax, interest and depreciation payments (EBITDA) by one and a half times to a record $5.202 billion compared to $3.427 billion a year earlier, according to the company's financial statements.The indicator coincided with…
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Jindal Steel Oman plans to reach a capacity of 10 million tons as part of Oman Vision 2040According to local media reports, Oman-based steel producer Jindal Steel Oman, a subsidiary of India's Jindal Steel Group, plans to increase its combined production capacity of 10 million tons per year in Oman as part of a long-term strategy aligned with the country's industrial development…
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EU leaders discuss competitiveness at an informal meeting in Olden-BizenThe Heads of State and Government of the European Union met on February 12, 2026, at an informal retreat of the European Council in Olden-Bizen, Belgium, to focus on strengthening the EU's economic competitiveness, single market reform, and investment priorities.Before the summit, the Antwerp…
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Car sales in Turkey rose 10.1 percent in JanuaryCar sales in Turkey stood at 77,590 units in January this year, down 60.8 percent compared to December last year and up 10.1 percent year-on-year, according to monthly statistics released by the Turkish Automobile Manufacturers Association (OSD). In the same month, passenger car sales in Turkey…
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UK TRA proposes to remove six product codes from TRQ category 12AThe UK Office of Legal Protection (TRA) has published its statements on the expected final decision in the revision of tariff quotas (TRQ) TQ0077 and TQ0078, while maintaining the overall structure of protective measures, while proposing targeted amendments to Category 12A (commercial alloy rods…
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After a major overhaul, the Severny GOK launched the LURGI 552 A roasting machineThe Northern Mining and Processing Plant (Northern Mining and Processing Plant, Krivoy Rog, Dnepropetrovsk region), part of the Metinvest group, allocated UAH 14 million for the overhaul of the LURGI 552 A roasting machine.According to the company, the Northern Mining and Processing Plant continues…
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Total steel exports from Ukraine increased by 8.1% in January 2026In January of this year, the total steel production in Ukraine amounted to 406.4 thousand tons, compared with 480.2 thousand tons in the same month of 2025, according to data published by the Ukrainian Steel Association Ukrmetallurgprom. 300,800 tons or 74.0 percent of total steel production were…
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