Metallurgy news
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UK releases second draft CBAM rules ahead of January 2027 rolloutThe UK Government has published its second draft rules for its Carbon Border Adjustment Mechanism (CBAM), which are due to come into force on 1 January 2027. The framework will apply throughout the UK, including Northern Ireland.The draft also extends the CBAM regime to goods imported into the UK…
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Peabody Energy Launches long-range production at Centurion Coking Coal Mine after Eight-year ShutdownAmerican coal mining company Peabody Energy has announced the successful launch of long-range production at its high-end Centurion hard coking coal mine in Australia, almost two months ahead of schedule after an eight-year hiatus, strengthening its position in the offshore metallurgical coal…
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Rio Tinto suspends operations in Simandou after fatal incidentAustralian mining company Rio Tinto announced that it has suspended operations at its Simandou iron ore project in Guinea following a fatal incident involving a contract worker.The company confirmed that the worker died on February 14, 2026 at the Simandou site. Emergency response procedures were…
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Gozzi Federaccai calls for ETS review as Italy faces the highest pressure on electricity costs in the EUIn a statement released after the EU Competitiveness summit held at Alden Bizen in Belgium on February 12, Antonio Gozzi, president of the Italian steel producers association Federacciai and Interconnector Energy Italia, welcomed the start of a political debate in Brussels on crucial issues related…
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Australia's BlueScope doubled its net profit for the first half of its 2025-26 financial year to $276.33 million.Australian steelmaker BlueScope Steel posted a net profit of A$390.8 million ($276.33 million) for the first half ended December 31 of the 2025-26 financial year, up 118.2% from a net profit of A$179.1 million in the first half of the previous financial year. The company's sales revenue in the…
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Japanese shipments of HRP and HRS increased by one percent in December 2025 compared to NovemberLast December, shipments of hot-rolled rolled products to Japan increased by one percent from the previous month and decreased by 4.1 percent from the 674,120 tons recorded in the same month of 2024, totaling 646,487 metric tons, according to the Japan Federation of Ferrous Metallurgy (JISF). In…
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EU carbon prices fall as leaders call for ETS overhaul amid industry woesThe European carbon market has fallen sharply recently, with benchmark EU carbon prices falling sharply after several major EU leaders called for an overhaul of the bloc's Emissions Trading System (ETS), according to a Reuters report.On February 12, the EU's benchmark carbon contract fell about…
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Fortescue launches battery electric locomotives to reduce diesel fuel use in Pilbara Iron OreAustralian iron ore mining company Fortescue Metals Group has announced that it has begun commissioning two battery electric locomotives on its Pilbara railway network, a significant step in the company's plan to phase out the use of fossil fuels in its iron ore mining operations in line with its…
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Three AHMSA bidders were awarded the $1.13 billion sale.According to local media reports in Mexico, three groups have officially qualified to participate in the final stage of litigation for the sale of assets owned by Mexican steel company Altos Hornos de México (AHMSA).The registration period before the Second Bankruptcy Court has ended and qualified…
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IDDMIB: Prices for export units in Turkish metallurgy reached a record high in January 2026The Istanbul Association of Ferrous and Non-Ferrous Metal Exporters (IDDMIB) has published the results of the Turkish metallurgical industry export index TR-METALENDEKS for January 2026. According to the index, the metallurgical industry entered 2026 with a sharp decline in volume, but a historical…
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