Metallurgy news
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Ternium buys remaining shares of Nippon Steel and Mitsubishi in UsiminasTernium announced that its subsidiary Ternium Investments has entered into a share purchase agreement to acquire the remaining shares of Nippon Steel and Mitsubishi Corporation in the controlling group of Brazilian steel and iron ore producer Usiminas.Ternium will pay $315.2 million for the shares…
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Australia initiates research into Al-Zn coated steel from South Korea and VietnamThe Australian Anti-Dumping Commission has announced that it has opened an investigation into the continuation of anti-dumping measures against aluminum-zinc-coated (Al-Zn) steel of 600 millimeters or more in width from South Korea and Vietnam. The current anti-dumping measures will expire on…
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Brazil's iron ore exports declined in JanuaryIn January, Brazil exported 26.519 million tons of iron ore (excluding pellets) and 2.006 million tons of pellets against 37.614 million tons and 2.628 million tons, respectively, in December. This reduction in iron ore mainly reflects a reduction in shipments to China of 8.0 million tonsIron ore…
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The number of drilling rigs in the USA is increasing, while the number of drilling rigs in Canada is decreasing - week 6, 20Baker Hughes reported that in the week ending February 6, 2026, the number of rotary drilling rigs in the United States increased by 5 to 551.The number of drilling rigs for gas increased by 5 to 130, while the number of drilling rigs for oil remained unchanged at 421. The total number of drilling…
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U.</p><p>S. Steel Production Increased by 1.4 Percent - Week 6, 2026According to the American Iron and Steel Institute (AISI), for the week ending February 7, 2026, domestic crude steel production in the United States totaled 1.783 million tons, with a capacity utilization rate of 77.1 percent.Production for the week ending February 7, 2026 increased by 1.4 percent…
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Czech company Moravia Steel warns of rising costs due to the reduction of free quotas for greenhouse gas emissions in the EUPetr Popelar, chairman of the Czech company Moravia Steel, said that this year, for the first time, the company will face a reduction in free emissions quotas, which will increase cost pressures for the Czech steel industry.According to Popelar, rising costs, stricter environmental commitments…
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Base metal turnover in Turkey decreased by 1.5 percent in December 2025 compared to NovemberAccording to data released by the Turkish Statistical Institute (TUIK), in December last year, Turkey's monthly industrial turnover index increased by 2.7 percent compared to the previous month, while the calendar-adjusted index increased by 31.7 percent compared to December 2024.In this month, the…
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Sweden's LKAB reports lower net profit and slightly higher revenue in 2025Swedish iron ore producer LKAB reported financial results for the fourth quarter and full year 2025.The company recorded a net profit of SEK 526 million ($59.39 million) in the quarter, compared with a net profit of SEK 2.07 billion in the fourth quarter of 2024, while sales revenue declined by…
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Queensland coal exports decreased by 21.0% in January 2026 compared to DecemberIn January of this year, coal exports from the Australian ports of Hay Point, Dalrymple Bay Coal Terminal (DBCT), Abbot Point and Gladstone, located in Queensland, decreased by 21.0 percent month-on-month and increased by 3.2 percent year-on-year to 14.77 million tons, according to data released by…
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Polish Konstal: steel prices in the EU are rising as CBAM reduces import costsAccording to Emil Ceglarski, purchasing director at Polish steel distributor Konstal, European steel prices are starting to rise again as the EU's Carbon Boundary Adjustment Mechanism (CBAM) moves from a transitional phase to full implementation.Ceglarsky said that the mechanism is already…
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