Metallurgy news

• Vale plans to invest up to $2.55 billion in decarbonization initiatives Brazilian mining company Vale plans to invest up to 13 billion Brazilian reais ($2.55 billion) in decarbonization initiatives aimed at achieving voluntary targets to reduce emissions and eliminate climate-related risks, according to a report by Reuters. However, the company did not specify the... 17.06.2026  15:00

• The European Parliament approved a trade agreement between the EU and the US, providing for the reduction of duties on steel derivatives The European Parliament announced that it has approved the trade agreement between the EU and the United States, agreed in August 2025. The legislation focuses on the US tariff regime applied to steel and aluminum derivative products and establishes measures aimed at protecting EU trade... 17.06.2026  14:00

• Shipments of HRP and HRS in Japan in April 2026 decreased by seven percent compared to March. In April of this year, shipments of hot-rolled rolled products in Japan decreased by seven percent from the previous month and increased by 6.6 percent from the 630,035 tons recorded in the same month of 2025, amounting to 671,874 metric tons, according to the Japan Federation of Ferrous Metallurgy... 17.06.2026  14:00

• Imports of iron ore and pellets into India in January-May 2026 will increase by 50 percent compared to the same period last year. India's imports of iron ore and pellets reached about 4.8 million tonnes in January-May 2026, up nearly 50 percent year-on-year from 3.2 million tonnes last year, as major domestic steelmakers increased supplies from Brazil, South Africa and the Middle East amid rising steel output.In May, imports... 17.06.2026  13:00

• BHP and Rio Tinto turn to India as steel demand prospects expand beyond China According to a Reuters report, global mining companies BHP and Rio Tinto have singled out India as a key long-term growing market for iron ore and metallurgical coal, as slowing steel demand in China increasingly pushes the global steel industry towards South Asia and Southeast Asia, according to a... 17.06.2026  13:00

• The European Parliament approved a trade agreement between the EU and the US on steel tariffs The European Parliament announced that it has approved the trade agreement between the EU and the United States, agreed in August 2025. The legislation focuses on the US tariff regime applied to steel and aluminum derivative products and establishes measures aimed at protecting EU trade... 17.06.2026  12:00

• Midrex to supply DRI installation for US Steel's Big River Steel Mill US Steel has selected Midrex, a developer of direct reduction technology, to supply the HDRI/HBI MIDREX® plant with a capacity of 2.5 million tons per year for its new direct reduction iron (DRI) plant at the Big River Steel Works in Osceola, Arkansas, with the first production expected in In ... 17.06.2026  12:00

• India and Canada set end-2026 as target for concluding free trade framework agreement India and Canada have set a goal of finalizing the framework for a free trade agreement (FTA) by the end of 2026, an Indian Foreign Ministry spokesman said on Wednesday, June 17.The target date for concluding a free trade agreement was set during talks between Canadian Prime Minister Mark Carney... 17.06.2026  11:00

• India is seeking a minimum steel quota of $900 million from the UK to eliminate congestion in the FTA. India has requested a steel quota of $900 million per year from the UK to resolve the impasse in the implementation of the Free trade agreement (FTA) signed between the two countries last year, Indian government sources said on Wednesday, June 17.This move by the Indian government follows the UK's... 17.06.2026  11:00

• China's FAI fell 4.1 percent in January-May 2026 In January-May this year, total fixed capital investment (FAI) (excluding rural households) in China was 17.8512 trillion yuan ($2.6 trillion), down 4.1% year-on-year, as announced by China's National Bureau of Statistics (NBS). The larger year-on-year decline reflected insufficient domestic demand ... 17.06.2026  10:00