Metallurgy news
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Export orders for new vessels in Japan decreased by 16.5% in 2025According to data released by the Japan Ship Exporters Association (JSEA), Japanese new ship export orders in December last year increased by 137.7 percent in tonnage from the previous month, rising to 27 vessels, including six general cargo vessels and 21 carriers, compared with 18 vessels…
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Swedish company Grangex signs mining services agreement to restart Sydvaranger mineSwedish mining company Grangex AB announced that its wholly-owned subsidiary Sydvaranger Drift AS has entered into a mining services agreement with Finnish mining company E. Hartikainen Oy in connection with the planned restart of the Sydvaranger mine in northern Norway.The mining services…
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Fenix Resources iron ore production increased by 51.8 percent in October-December 2025-26 fiscal yearThe Australian company Fenix Resources Limited has published a quarterly report for the three months ended December 31, 2025. In this quarter, the company produced about 1.06 million tons of iron ore, which is 51.8% more than in the same period last year.The company shipped 354,300 tons of iron ore…
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Hyundai Steel Approves Capital Raise for EAF Project in LouisianaSouth Korean steelmaker Hyundai Steel announced a major capital increase for its U.S. subsidiary Hyundai-POSCO Louisiana LLC.The capital increase is intended to finance the construction of an integrated electric arc furnace (EAF) steel plant in Ascension Parish, Louisiana. The company said the…
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The UK is ready to reduce duty-free quotas on steel imports amid global oversupplyAccording to a report by The Guardian, the UK government is expected to reduce the amount of steel allowed to enter the country duty-free as part of a broader effort to protect the domestic steel industry from global oversupply and rising protectionism.Under the current protective regime, certain…
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Interpipe: Ukrainian industry will play a leading role in post-war reconstructionUkrainian steel pipe and railway wheel manufacturer Interpipe believes that Ukrainian industry will play a decisive role in the country's post-war reconstruction, as stated by the company's CEO Luca Zanotti during a panel discussion "From sustainability to reconstruction: what does Ukraine need to…
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Egypt's Ezz Steel invests $1.16 billion over two years to expand production amid global protectionismEgyptian steel producer Ezz Steel has announced plans to invest about $1.16 billion over the next two years to expand its production capacity, according to statements from CEO Ahmed Ezz quoted in media reports.Mr. Ezz said that the investments reflect a changing global trade environment in which…
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India and EU sign free trade agreement representing 25% of global GDPIndia and the European Union (EU) have signed a free trade agreement, Indian Prime Minister Narendra Modi said on Tuesday, January 27.Describing it as the “mother of all deals” that accounts for 25 percent of global GDP, Modi said the pact will create significant opportunities for people and…
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Trump raises tariffs on imports from South Korea to 25% amid dispute over trade agreement ratificationUS President Donald Trump announced on social media that tariffs on South Korean cars, lumber, pharmaceuticals and other goods subject to mutual tariff regime will be increased from 15 to 25 percent.Trump said the decision reflected the US administration's position that trade agreements should be…
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MOC: The average price of rebar in China decreased by 0.2 percent between January 12 and January 18, 2026The Chinese Ministry of Commerce (MOC) announced that the average price of finished steel in China decreased slightly from January 12 to January 18 this year.During this period, average prices for rebar, HRC and steel channels decreased by 0.2 percent, 0.1 percent and 0.1 percent per week…
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