Metallurgy news
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US Rig Count Declines While Canadian Rig Count Increases - Week 2, 20Baker Hughes reported that for the week ended January 16, 2026, the number of rotary drilling rigs in the United States decreased by 1 to 543.The number of gas drilling rigs decreased by 2 to 122, and the number of oil drilling rigs increased by 1 to 421. The total number of drilling rigs in the…
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A ship with a Russian HBI is under investigation in Italy for violating sanctionsNews about the detention of a vessel with 33,000 tons of HBI in an Italian port (previously suspected to be Russian and violating European Union sanctions) has been circulating on the market since early January, according to market sources.The investigation was launched by the Financial Guard and…
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UK Steel raises concerns about steel procurement from China as part of Net Zero Teesside projectBritish trade association UK Steel has expressed concern over reports that British oil and gas multinational BP has awarded a contract for approximately 7,000 tonnes of steel for the Net Zero Teesside carbon capture, utilization and storage (CCUS) project to a Chinese supplier, despite the project…
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Qatar extends customs duty on rebar and wire rod until 2026Qatar has decided to maintain the existing 10% customs duty on rebar and wire rod, according to the latest issue of Qatar's Official Gazette, which published a new set of decisions by the Emir and updates to legislation related to trade and industry.The 10% duty, which was first introduced in 2024…
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Thailand expands AD duties on steel pipes from VietnamThailand's Committee on Dumping and Subsidies has announced that it has decided to extend the anti-dumping duty (AD) on certain steel pipe products from Vietnam for another five years, starting on January 12, 2026.The Committee decided that the abolition of duties could lead to the continuation or…
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Tata Steel invests $1.22 billion in Green steel technology at Jamshedpur plantIndia's Tata Steel Limited and the government of Jharkhand have signed an agreement under which the steel producer will invest approximately $1.22 billion in the deployment of "new century" green steel technologies in the state where its Jamshedpur plant is located, the company said in a statement…
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Chinese steel production has fallen below 1 billion tonsChina's steel production in 2025 fell below a billion tons, the lowest level in seven years.Production totaled 960.81 million tons, which is 4.4% lower than in 2024, according to the country's State Statistical Office.Overall, in December, steel production fell by 10.3% compared to the same month…
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Indonesia preliminary finds dumping on Chinese HRC from WISCO, proposes a duty of 17.55%The Anti-Dumping Committee of Indonesia (KADI) has released its preliminary findings of an anti-dumping investigation into imports of hot rolled coil (HRC) originating from the People's Republic of China and manufactured and/or exported by Wuhan Iron and Steel Co., Ltd. (WISCO).Based on its…
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Queensland's coal exports rose 4.1 percent in December 2025In December last year, coal exports from the Australian ports of Hay Point, Dalrymple Bay Coal Terminal (DBCT), Abbot Point and Gladstone, located in Queensland, grew 4.1 percent year-on-year and increased 7.2 percent month-on-month to 18.71 million tons, according to data released by North…
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IMF maintains global growth forecast at 3.3% despite trade tensions and AI surgeThe International Monetary Fund (IMF) said it maintained its forecast for global economic growth at 3.3 percent, citing greater resilience than previously expected despite U.S.-led trade disruptions and heightened uncertainty.Global growth is slightly higher than previous estimates and broadly…
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