Metallurgy news
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Mitsubishi Chemical Group to stop production of coke and carbon materialsMitsubishi Chemical Group of Japan has announced its decision to exit the coke and carbon materials business as part of the ongoing portfolio transformation in line with its medium-term management strategy.The decision was made at the corporate executive meeting on February 2, 2026, after assessing…
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Nippon Steel reports net loss and higher earnings in April-December FY2025-26Japanese Nippon Steel Corporation announced consolidated financial and operating results for the first nine months ended December 31 of the 2025-26 fiscal year.In the period, the company recorded a net loss of 20.81 billion yen ($132.35 million), compared with a net profit of 386.39 billion yen in…
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The volume of exports of ferrous metallurgy in Colombia in 2025 has not changedIn 2025, Colombia exported 144,549 tons of ferronickel, down 4.6 percent, worth $475.48 million, down 12.3 percent from the same period last year, as announced by the Colombian National Administrative Statistics Department (DANE). In December alone, Colombian ferronickel exports totaled 14,531…
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Czech Republic urges EU to limit carbon prices and delay ETS 2 expansion amid competitiveness concernsCzech Prime Minister Andrej Babis has called on the European Union to reform carbon market rules by imposing a cap on carbon quota prices and postponing the expansion of the EU Emissions Trading System (EU ETS), according to a Reuters report.In a letter sent to EU leaders before a meeting on…
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ArcelorMittal sees higher net profit in 2025, despite lower revenues, and expects global steel demand to grow in 2026.Luxembourg steel producer ArcelorMittal has announced financial results for the fourth quarter and the full year 2025.In the fourth quarter of last year, ArcelorMittal recorded a net profit of $177 million, compared with a net profit of $377 million in the third quarter, while sales revenue…
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Asia has become Metinvest's main market for iron ore raw materials with a share of 55%Metinvest B.V. (The Netherlands), the parent company of the Metinvest mining and metallurgical group, sold 39% of metal products in the domestic market in January-September 2025 from the total sales of metal products worth $ 3.777 billion against 38% for the same period in 2024 with total sales of…
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UK begins review of expiry of AD duty on welded pipes and pipes from China and BelarusThe UK Trade Remedies Authority (TRA) has announced that it has initiated a review of the duration of anti-dumping duty (AD) on welded pipes and pipes from China and Belarus.The investigation, which covers the period from 1 October 2024 to 30 September 2025, was launched at the request of domestic…
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Baowu acquires most of the consortium for the Simandou iron ore projectAccording to Reuters, Chinese steel producer Baowu Resources has taken control of the operator of Guinea's blocks 1 and 2 Simandou, increasing its stake in the winning consortium Simandou to 51 percent from 49 percent.Reuters reported that following the deal, the Singapore-registered parent company…
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Thyssenkrupp Steel expands Renewable Energy sources with new PPAs to reduce emissionsGerman steel producer thyssenkrupp Steel has announced that it has signed four electricity purchase agreements (PPAs) to provide about 230 GWh of renewable electricity as part of its decarbonization strategy.Agreements have been concluded with Quadra Energy, Statkraft, Centrica Energy and Sunnic…
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GravitHy, Elyse Energy and Marcegaglia join forces in Fos-sur-MerGravitHy, a French producer of environmentally friendly iron, has announced the signing of a memorandum of understanding with French company Elyse Energy and Italian steel producer Marcegaglia to explore and develop industrial synergies in Fos-sur-Mer, one of France's most important industrial port…
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