Metallurgy news
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EU carbon prices fall as leaders call for ETS overhaul amid industry woesThe European carbon market has fallen sharply recently, with benchmark EU carbon prices falling sharply after several major EU leaders called for an overhaul of the bloc's Emissions Trading System (ETS), according to a Reuters report.On February 12, the EU's benchmark carbon contract fell about…
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Fortescue launches battery electric locomotives to reduce diesel fuel use in Pilbara Iron OreAustralian iron ore mining company Fortescue Metals Group has announced that it has begun commissioning two battery electric locomotives on its Pilbara railway network, a significant step in the company's plan to phase out the use of fossil fuels in its iron ore mining operations in line with its…
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Three AHMSA bidders were awarded the $1.13 billion sale.According to local media reports in Mexico, three groups have officially qualified to participate in the final stage of litigation for the sale of assets owned by Mexican steel company Altos Hornos de México (AHMSA).The registration period before the Second Bankruptcy Court has ended and qualified…
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IDDMIB: Prices for export units in Turkish metallurgy reached a record high in January 2026The Istanbul Association of Ferrous and Non-Ferrous Metal Exporters (IDDMIB) has published the results of the Turkish metallurgical industry export index TR-METALENDEKS for January 2026. According to the index, the metallurgical industry entered 2026 with a sharp decline in volume, but a historical…
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Pig iron imports to Turkey increased by 61.7 percent in 2025Last December, Turkey's pig iron imports totaled 176,417 metric tons, down 39.9 percent from November and 5.3 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports amounted to $60.47 million, down 40.2 percent…
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Usiminas reported a net loss for 2025Brazilian steel and iron ore producer Usiminas posted a net loss of BRL 2.910 billion ($555.7 million) versus a net profit of BRL 3.0 million in 2024.The company attributes the decline mainly to an asset impairment charge of BRL 2.2 billion and a reassessment of deferred tax recoverability in the…
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Primetals has commissioned an ultra-thin plate caster in Baosteel ZhanjiangThe British company Primetals Technologies has successfully commissioned a new double-chain ultrathin casting machine for the Chinese steel mill Baosteel Zhanjiang Iron and Steel at the manufacturer's factory in Guangdong Province, China.Primetals Technologies said that the new casting machine is…
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India's JSL is developing the country's first containers for transporting salt by railIndian company Jindal Stainless Limited (JSL) has developed the country's first stainless steel salt containers for transportation by the state-owned Indian Railways (IR), the company said in a statement on Friday, February 13.The 20-foot salt container was made entirely of stainless steel…
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Thyssenkrupp reports higher net loss and lower sales in first quarter of fiscal year 2025-26German steel company Thyssenkrupp announced financial results for the first quarter ending December 31 of the 2025-26 financial year.The company reported a net loss of €334 million in the quarter, compared with a net loss of €33 million recorded in the same quarter of the previous financial year…
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The Finnish company Outokumpu recorded a higher net loss in 2025Finnish stainless steel manufacturer Outokumpu has announced financial results for the fourth quarter and the full year 2025.In the quarter, the company recorded a net loss of €65 million, compared with a net loss of €35 million in the previous quarter and a net loss of €32 million in the same…
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