Metallurgy news
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Global crude steel production decreased by two percent in 2025Global crude steel production in December last year decreased by 3.7 percent year-on-year to 139.6 million tons, according to the World Steel Manufacturers Association (Worldsteel).For the full year, global crude steel production fell by two percent year-on-year to 1.8 billion tons.In December…
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Fortescue records highest ever iron ore shipments in first half of FY 2025-26Australian iron ore company Fortescue Metals Group has announced its operating results for the second quarter and first half ended December 31 of the 2025-26 financial year.In the second quarter, the company's iron ore shipments rose one percent from the first quarter and two percent year-on-year…
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India's steel exports grew 4 percent year-on-year in 2025, shipments reached a 4-year high in the second half of the yearIndia's steel exports (including stainless steel) grew 4 percent year-on-year to 8.59 million tons in fiscal year 25, according to preliminary BigMint data.The slight increase of 4 percent year-on-year also marks a sharp turnaround from the first half of the year, during which export volumes…
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Alcoa increased its net profit by 12%The American aluminum company Alcoa increased its net profit by 12% in the fourth quarter, while the adjusted figure and revenue turned out to be better than analysts' expectations.According to the company's press release, its net income in October-December was $226 million, or 85 cents per share…
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Turkey's base metal production capacity utilization fell in January 2026 compared to DecemberIn January this year, the capacity utilization rate of the Turkish steel industry was 75.6 percent, compared with 75.8 percent recorded in the previous month, while the capacity utilization rate of the Turkish steel industry was 76.1 percent in January 2025, according to preliminary data released…
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Malaysia's steel industry warns that SST on raw materials could weaken competitivenessThe Malaysian Federation of Ferrous Metallurgy (MISIF) has reiterated its opposition to the introduction of a sales and services tax (SST) on primary steel products, warning that the move could harm the domestic steel sector.MISIF stated that applying SST to key inputs such as steel scrap, iron…
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ArcelorMittal and IDC resume negotiations on a deal on steel assetsSouth African steelmaker ArcelorMittal South Africa Ltd (AMSA) and national development finance institution Industrial Development Corporation of South Africa (IDC) have resumed talks on a potential deal for AMSA's steel operations, including its key plants, after earlier talks stalled last year…
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India's JSW Steel consolidated net profit grew by 198% in the third quarter of fiscal year 2025-26Indian company JSW Steel Limited achieved consolidated net profit of INR 21,390 million ($233.54 million) in the third quarter (October-December) of fiscal year 2025-26, an increase of 198% year-on-year, according to a company statement on Friday, January 23.The company reported total revenue of…
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UK steel lifeline could cost up to £195m a year under Special Measures BillThe UK Government has published an impact assessment of its Steel Industry (Special Measures) Bill 2025, which sets out the rationale, expected impact and financial implications of emergency powers aimed at maintaining strategic steel capacity in the UK.Purpose of the BillSteel Industry (Special…
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The volume of construction in the eurozone decreased by 1.1 percent in November 2025 compared to OctoberAccording to the first estimates published by Eurostat, the Statistical Office of the European Union, in November last year, the seasonally adjusted production of the construction sector in the member states of the European Union (EU-27) decreased by 1.1 percent compared to October and by 0.4…
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