Metallurgy news
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Fitch has revised Turkey's outlook to positive, affirming its sovereign rating of 'BB-'International credit rating agency Fitch Ratings announced that it has revised the outlook on Turkey's long-term foreign currency issuer default rating to positive from stable, affirming the sovereign rating at 'BB-'.In Fitch's view, the revised outlook reflects a faster-than-expected strengthening…
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EU import quotas for some flat steel products have been exhausted for almost one monthAs the first month of the EU quota period from January 1 to March 31 approaches, some import quotas for certain types of steel products allocated to Turkey, Taiwan and China have already been exhausted, while more than 60 percent of quotas for some types of steel products have been used up…
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Ukrzaliznytsia sold 60 thousand tons of scrap in 2025The Ukrainian Railways (Ukrzaliznytsia) sold 60 thousand tons of scrap metal in 2025, receiving approximately 400 million UAH ($ 9.27 million) in revenue, local media reported.In the period from June 2025 to January 2026, Ukrzaliznytsia held 209 auctions for the sale of scrap metal, during which…
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Daily steel production at CISA plants decreased by 0.9% in mid-January, stocks increasedThe China Association of Ferrous Metallurgy (CISA) reported that in mid-January (January 11-20) of this year, the average daily volume of crude steel production by large and medium-sized steel mills in China - by all CISA members - amounted to 1,979 million tons, which is 0.9% less than in early…
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Bayi Steel expects a net loss of 1.85-2.05 billion yuan in 2025Chinese steel company Bayi Iron and Steel Co., Ltd. (Bayi Steel) of the Xinjiang Autonomous Region said it expects a net loss of 1.85-2.05 billion yuan ($0.26-0.29 billion) in 2025, compared with a net loss of 1.752 billion yuan recorded in 2024.The company said the steel industry is in a period of…
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NBS: In mid-January 2025, local Chinese rebar prices increased by 0.3 percentIn mid-January (January 11-20) of this year, the average price in China for 20mm HRB 400E rebar increased by 10.9 yuan/ton (US$1.6/ton) or 0.3 percent to 3,202.5 yuan/ton (US$457.5/ton) compared to the price at the beginning January (January 1-10), as announced by the National Bureau of Statistics…
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Trade deficit in finished steel in Brazil decreased in physical terms, but increased in value in DecemberAccording to SECEX, Brazil's foreign trade body, Brazil exported 156,937 tons of finished carbon steel products in December at a price of 98.638 million US dollars, and imported 237,983 tons at a price of 172.290 million US dollars.By comparison, Brazil exported 209,929 tons of finished carbon…
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Kazakhstan's Qarmet begins construction of a new rolling mill, plans to supply rebar in 2026Kazakh metallurgical plant Qarmet announced the start of construction of a new rolling mill at its steel plant. According to the company, the facility is planned to be put into operation within a year, and the first commercial deliveries of fittings are expected before the end of the year.The…
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EEC extends AD duty on welded stainless steel pipes from ChinaThe Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union (EAEU), which includes Belarus, Kazakhstan, Kyrgyzstan, Russia and Armenia, announced that it has decided to extend the current anti-dumping duties (AD) on welded pipes, tubes and hollow stainless steel…
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The Metinvest Adria project in Piombino is ahead, construction is still not underway due to financing and permitting issuesAccording to local press reports, between 2025 and early 2026, the project of the new Metinvest Adria steel plant at the former Lucchini site in Piombino has made significant progress in institutional terms, although it has not yet entered the operational construction stage.As previously reported…
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