Metallurgy news
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Turkey's base metal production capacity utilization fell in January 2026 compared to DecemberIn January this year, the capacity utilization rate of the Turkish steel industry was 75.6 percent, compared with 75.8 percent recorded in the previous month, while the capacity utilization rate of the Turkish steel industry was 76.1 percent in January 2025, according to preliminary data released…
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Malaysia's steel industry warns that SST on raw materials could weaken competitivenessThe Malaysian Federation of Ferrous Metallurgy (MISIF) has reiterated its opposition to the introduction of a sales and services tax (SST) on primary steel products, warning that the move could harm the domestic steel sector.MISIF stated that applying SST to key inputs such as steel scrap, iron…
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ArcelorMittal and IDC resume negotiations on a deal on steel assetsSouth African steelmaker ArcelorMittal South Africa Ltd (AMSA) and national development finance institution Industrial Development Corporation of South Africa (IDC) have resumed talks on a potential deal for AMSA's steel operations, including its key plants, after earlier talks stalled last year…
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India's JSW Steel consolidated net profit grew by 198% in the third quarter of fiscal year 2025-26Indian company JSW Steel Limited achieved consolidated net profit of INR 21,390 million ($233.54 million) in the third quarter (October-December) of fiscal year 2025-26, an increase of 198% year-on-year, according to a company statement on Friday, January 23.The company reported total revenue of…
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UK steel lifeline could cost up to £195m a year under Special Measures BillThe UK Government has published an impact assessment of its Steel Industry (Special Measures) Bill 2025, which sets out the rationale, expected impact and financial implications of emergency powers aimed at maintaining strategic steel capacity in the UK.Purpose of the BillSteel Industry (Special…
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The volume of construction in the eurozone decreased by 1.1 percent in November 2025 compared to OctoberAccording to the first estimates published by Eurostat, the Statistical Office of the European Union, in November last year, the seasonally adjusted production of the construction sector in the member states of the European Union (EU-27) decreased by 1.1 percent compared to October and by 0.4…
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Lodhia Industries selects Danieli for new rod and wire rod plant in TanzaniaThe Italian plant Danieli Technologies announced the signing of a contract with the Tanzanian steel and plastics manufacturer Lodhia Industries for the supply of a modern complex for the production of rods and wire rods in Tanzania. This is seen as a major strategic investment aimed at…
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EEPC: Unresolved CBAM issue in the India-EU Free Trade area will lead to a 10% drop in machinery exports to Europe%Indian exports of engineering products could suffer an annual decline of 10 percent if the upcoming India-EU Free Trade Agreement (FTA) It will not resolve issues related to steel guarantees and the Carbon Boundary Adjustment Mechanism (CBAM) in Europe, the Machinery Export Promotion Council…
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Contract for coating steel pipes with AliShar Contracting Company with Saudi Arabian East PipesSaudi Arabian pipe manufacturer East Pipes Integrated Company for Industry announced that it has signed a contract with domestic company AliShar Contracting Company for the provision of steel pipe coating services worth more than SAR 60 million ($15.99 million), including value added tax.As part of…
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Consolidated net profit of Indian AAL increased by 43% in the third quarter of fiscal year 2025-26Indian APL Apollo Limited (AAL), a manufacturer of structural steel pipes, achieved a consolidated net profit of INR 3,100 million ($33.84 million) in the third quarter (October-December) of the 2025-26 fiscal year, an increase of 42.86% compared to the corresponding quarter of the previous fiscal…
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