Metallurgy news

• IEEFA: Green hydrogen critical to India's transition to low-carbon steel amid dependence on coal imports According to an analysis by the Institute of Energy Economics and Financial Analysis (IEEFA), India's planned expansion of crude steel production capacity to 300 million tons per year by 2030 increasingly exposes the structural vulnerabilities associated with heavy dependence on imported... 24.02.2026  14:00

• US releases Final Subsidy Rates for Length-cut slab from South Korea The U.S. Department of Commerce (DOC) has announced the final results of its administrative review of the Countervailing Duty Ordinance (CVD) on certain carbon grade cut-to-length steel sheets from South Korea for the period January 1, 2023 to December 31, 2023.The DOC determined that exporters... 24.02.2026  14:00

• UK steel price forecast as safeguard reform and CBAM change the market The UK steel market is entering a major structural shift as existing safeguards expire in June 2026 and tougher protectionist policies are considered, according to the latest market assessment from UK steel supplier All Steels Trading Ltd. The report warns of significant price escalation caused by... 24.02.2026  13:00

• US Steel Production Increased by 0.9% - Week 8, 2026 According to the American Institute of Cast Iron and Steel (AISI), for the week ended February 21, 2026, domestic crude steel production in the United States amounted to 1,817 million tons, and the capacity utilization factor was 78.5%.Production for the week ending February 21, 2026 increased by... 24.02.2026  13:00

• Rig Count Up in Canada, Stable in US - Week 8, 2026 Baker Hughes reported that for the week ended February 20, 2026, the number of rotary drilling rigs in the United States remained stable at 551.The number of gas and oil drilling rigs remained unchanged at 133 and 409, respectively. The total U.S. rig count fell by 41 rigs compared with the same... 24.02.2026  12:00

• India's steel exports grew over 36 percent year-on-year in 10MFY26, will India become a net exporter again in FY16? India's steel exports (including stainless steel) rose 36 percent year-on-year to 7.65 million tonnes in the first 10 months of the fiscal year (April 2025-January 2026), according to preliminary data from BigMint. Since August 2025, steel exports to India have exceeded 700,000 tons every month,... 24.02.2026  11:00

• South Korea's KTC Recommends Price Commitments in HRC AD case against Japan, China According to an official statement released by the Korean Trade Commission (KTC) under the Ministry of Trade, Industry and Energy of South Korea (MOTIE), the commission recommended accepting price commitments offered by a number of Japanese and Chinese exporters of hot rolled coils (HRC), while... 24.02.2026  11:00

• Metinvest's finished product output increased by 13% due to European assets In 2025, MMC Metinvest reduced steel production by 4% compared to the previous year, to 2.018 million tons, a decrease due to a large–scale war, reduced electricity supply, as well as logistical and economic factors.According to the group's annual report, the parent company is Metinvest B.V. A... 24.02.2026  11:00

• MOC: The average price of rebar in China decreased by 0.3 percent from February 2 to 8, 2026 China's Ministry of Commerce (MOC) announced that from February 2 to 8 this year, the average price of finished steel in China continued to decline.During this period, the average prices of rebar, hot-rolled steel strip and ordinary average steel plate decreased by 0.3 percent, 0.2 percent and 0.2... 24.02.2026  09:00

• Stocks of basic finished steel products in China increased by 8.9% in early February 2026 As of February 10 this year, the total domestic stocks of the five main finished steel products in 21 major Chinese cities totaled 7.81 million tons, an increase of 640,000 tons or 8.9 percent compared to January 31, as announced by the China Association of Metallurgy and Steel (CISA).In... 24.02.2026  09:00