Metallurgy news
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Rig Count Up in Canada, Stable in US - Week 8, 2026Baker Hughes reported that for the week ended February 20, 2026, the number of rotary drilling rigs in the United States remained stable at 551.The number of gas and oil drilling rigs remained unchanged at 133 and 409, respectively. The total U.S. rig count fell by 41 rigs compared with the same…
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India's steel exports grew over 36 percent year-on-year in 10MFY26, will India become a net exporter again in FY16?India's steel exports (including stainless steel) rose 36 percent year-on-year to 7.65 million tonnes in the first 10 months of the fiscal year (April 2025-January 2026), according to preliminary data from BigMint. Since August 2025, steel exports to India have exceeded 700,000 tons every month…
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South Korea's KTC Recommends Price Commitments in HRC AD case against Japan, ChinaAccording to an official statement released by the Korean Trade Commission (KTC) under the Ministry of Trade, Industry and Energy of South Korea (MOTIE), the commission recommended accepting price commitments offered by a number of Japanese and Chinese exporters of hot rolled coils (HRC), while…
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Metinvest's finished product output increased by 13% due to European assetsIn 2025, MMC Metinvest reduced steel production by 4% compared to the previous year, to 2.018 million tons, a decrease due to a large–scale war, reduced electricity supply, as well as logistical and economic factors.According to the group's annual report, the parent company is Metinvest B.V…
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MOC: The average price of rebar in China decreased by 0.3 percent from February 2 to 8, 2026China's Ministry of Commerce (MOC) announced that from February 2 to 8 this year, the average price of finished steel in China continued to decline.During this period, the average prices of rebar, hot-rolled steel strip and ordinary average steel plate decreased by 0.3 percent, 0.2 percent and 0.2…
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Stocks of basic finished steel products in China increased by 8.9% in early February 2026As of February 10 this year, the total domestic stocks of the five main finished steel products in 21 major Chinese cities totaled 7.81 million tons, an increase of 640,000 tons or 8.9 percent compared to January 31, as announced by the China Association of Metallurgy and Steel (CISA).In…
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Egypt issues preliminary decision on protective measures regarding HRC importsAccording to a notice published by the World Trade Organization (WTO), Egypt's Ministry of Foreign Trade has made a preliminary decision on proposed safeguard adjustments to imports of hot-rolled flat products from all sources.As previously reported by SteelOrbis, the Trade Defense Measures…
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BIR: Chinese mills speed up procurement of stainless steel scrap amid policy changesAccording to the Bureau of International Recycling (BIR), demand for stainless steel scrap in Europe remains relatively stable, although achievable price levels continue to experience downward pressure due to robust imports of nickel iron and stainless steel slabs.European demand for stainless…
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Santos signs long-term gas supply agreement to support Whyalla's transition to green IronThe Australian oil and gas company Santos has signed a binding contract with the Government of South Australia for the supply of natural gas for the long-term transformation of the Whyalla metallurgical plant into a low-emission green pig iron production facility.The agreement provides for a…
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The Italian Acciaierie d’Italia announces the restart of blast furnace No. 2The Italian steel mill Acciaierie d'Italia in Amministrazione Straordinaria (ADI in A.S.) announced in a press release published on Friday, February 21, that the blast furnace No. 2 (BF No. 2) of the Taranto plant has returned to operation.As reported by SteelOrbis , Blast Furnace No. 2 was shut…
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