Metallurgy news
-
Merafe begins restarting two South African ferrochrome smelters after tariff dealSouth African producer Merafe Resources has begun restarting the Boshoek and Wonderkop ferrochrome smelters after agreeing an electricity price with state utility Eskom. The tariff for smelting operations is set at 0.62 South African rand per kWh.The restart at Boshoek began in September 2026…
-
Bekaert to acquire Thailand’s Dextra for €140 millionBelgian steel cord and wire manufacturer Bekaert has agreed to acquire Thailand-based construction reinforcement solutions provider Dextra. The enterprise value is €140 million. The deal is expected to close in the first half of 2027, subject to regulatory approvals and customary closing…
-
İDÇ exports rise 21% as nine-month net loss widensTurkish steelmaker İzmir Demir Çelik Sanayi A.Ş. (İDÇ) increased export sales by 21% year on year to 530,335 mt in January-September 2026, while its net loss more than tripled to TRY 2.66 billion ($52.95 million).Revenue fell 8% to TRY 54.93 billion ($1.09 billion). İDÇ posted an operating loss of…
-
Yükselen Çelik returns to profit in the first nine months of 2026Turkish specialty steel producer Yükselen Çelik posted a net profit of TRY 1.52 million ($30,300) in January–September 2026, compared with a loss of TRY 175.39 million in the same period a year earlier.Revenue for the nine months rose 19.7% year on year to TRY 1.29 billion ($25.69 million)…
-
US steel output falls 13.4% in week to November 7US steelmakers produced 1.778 million net tons of raw steel in the week ended November 7, 2026, with mill capacity utilization at 77%, the American Iron and Steel Institute (AISI) reported.Output fell 13.4% from the previous week, ended October 31, when production totaled 2.053 million net tons and…
-
Samarco narrows Q3 net loss as pellet production risesBrazilian producer Samarco reported a net loss of $544.3 million for the third quarter of 2026, nearly half the $1.045 billion loss recorded a year earlier. The company said production reached its highest quarterly level since operations resumed.Pellet output rose 27% to 3.7 million metric tons…
-
Brazil’s iron ore exports rose 6.7% in OctoberBrazil exported 33.782 million metric tons of iron ore, excluding pellets, in October, compared with 31.660 million tons in September. The increase was driven mainly by a 6.2% rise in shipments to Asia, according to Secex, the foreign trade secretariat of the Ministry of Development, Industry…
-
Tata Steel commissions third slab caster at Kalinganagar plantIndia’s Tata Steel has commissioned its third two-strand slab caster at its steelworks in Kalinganagar, Odisha. SMS Group carried out the project, the company said on November 9.The new caster will expand the capacity of Steel Melting Shop No. 1. It can produce up to 3.1 million tonnes of slabs a…
-
Death toll from explosion at Habaş plant in İzmir rises to sixThe death toll from an explosion at Habaş's steel plant in Aliağa, İzmir province, has risen to six. The blast occurred around noon on November 9 in the Bozköy neighborhood, the İzmir Governor's Office said. According to the updated statement, one person who had been hospitalized with serious…
-
Cleveland-Cliffs reaches four-year agreement with USWUS-based steelmaker Cleveland-Cliffs has reached a new four-year labor agreement with the United Steelworkers (USW), covering about 12,000 employees.The agreements apply to the company’s steel plants and mining operations in Indiana, Ohio, Pennsylvania, Minnesota and Michigan. Cleveland-Cliffs said…
Pages
← previous
next →
