Metallurgy news

• Vietnam's VinMetal receives approval for investment in steel plant Vietnam joint-stock manufacturing and trading company VinMetal has received approval from Ha Tinh province for an investment of VND80 trillion ($3.1 billion) to build a VinMetal steel plant in the Vung Ang economic zone, according to local media reports. The project will be one of the largest heavy... 05.03.2026  11:00

• Turkey's wire rod exports decreased by 33.2% in January 2026% According to preliminary data provided by the Turkish Statistical Institute (TUIK), in January of this year, Turkey's wire rod exports amounted to 36,874 metric tons, which is 52.4 percent less month-on-month and 33.2 percent less year-on-year. Meanwhile, revenue from these exports amounted to... 05.03.2026  11:00

• Aluminum on the LME exceeded $3,400 for the first time since April 2022 Aluminum prices on Wednesday updated their maximum in almost four years due to fears of disruptions in the supply of this metal from the Middle East.The price of aluminum futures on the London Metal Exchange (LME) increased by 3.1% to $3,379.8 per ton by 15:00 CET. During the session, the price... 05.03.2026  11:00

• Major shipping company A P Moller-Maersk suspends cargo bookings from Indian ports to West Asia Global shipping company A P Moller-Maersk has suspended cargo bookings from Indian ports to certain destinations in West Asia, citing safety concerns, as advised by the company to customers on Thursday, March 5.The company said it is closely monitoring developments and is taking swift action to... 05.03.2026  10:00

• Meishan completes hot load testing of 1422 HRC conversion project On March 3, the 1422mm wide hot rolling conversion project of Meishan Steel, Nanjing-based Chinese steel company, a subsidiary of Baoshan Iron & Steel Co., Ltd., implemented by China MCC20, reached an important milestone - the first hot rolled coil was successfully produced, indicating the complete... 05.03.2026  09:00

• Shipments from U. S. steel mills increased by 1.7 percent in January 2026 compared with December The American Institute of Iron and Steel (AISI) reported that in January 2026, U.S. steel mills shipped 7,583,826 net tons, which is 2.0 percent more than the 7,435,458 net tons shipped in January 2025.Shipments increased by 1.7 percent compared to 7,454,338 net tons shipped in the previous year.... 05.03.2026  09:00

• OCTG imports to the United States in December 2025 decreased by 14.6 percent compared to November. According to preliminary data from the U.S. Department of Commerce census, imports of pipe products from oil countries (OCTG) in December last year amounted to 75,295 tons, which is 14.6 percent less than in November and 29.7 percent less than last year. In value terms, OCTG imports totaled $96.39... 04.03.2026  17:00

• Car sales in Turkey increased by 2.5 percent in January-February 2026 In February of this year, sales of passenger cars and light commercial vehicles in Turkey increased by 16.8 percent month-on-month and decreased by three percent year-on-year to 88,039 units, according to statistics released by the Turkish Automobile Distributors and Mobility Association (ODMD). In... 04.03.2026  17:00

• The value of South Africa's base metals exports rose 1.9 percent in January 2026 compared to December According to data released by the South African Revenue Service (SARS), in January this year, the value of South African non-ferrous metals and products exports was 12.68 billion South African rials ($776.55 million), up 1.9 percent from December.In January, the country's imports of non-ferrous... 04.03.2026  15:00

• Disruption of the Red Sea shipping route has led to the rerouting of ships through the Cape of Good Hope Major container shipping lines have suspended plans to return to the Red Sea-Suez Canal route following the outbreak of war in the Middle East over the weekend.Tensions in the region escalated over the weekend after Israel and the United States attacked Iran, according to industry reports. While... 04.03.2026  15:00