Metallurgy news

• 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

• Chinese real estate investment fell further in January-May 2026, new construction decreased by 22.6% In the period from January to May of this year, the total volume of real estate investment in China amounted to 3.0356 trillion yuan ($0.45 trillion), which is 16.2% less than year-on-year, which is 2.6 percentage points faster than the decline recorded in the period from January to April, as... 17.06.2026  10:00

• Brazilian high-grade iron ore prices fall due to weaker demand in China Brazilian 65 percent iron ore price is now $117/t CFR China, down from $118/t on June 5, market insiders told SteelOrbis.Blast furnace repairs in China between June 13 and June 19 cut pig iron production by about 1.11 million tons, with further declines expected, sources said. This weakened demand... 16.06.2026  23:00

• New car sales in Canada rose 4.2 percent in April New vehicle sales in April 2026 were 183,921 units, reflecting a 4.2 per cent month-on-month increase and a 6.0 per cent year-on-year decline, according to Statistics Canada. In value terms, Canadian auto sales were $10.63 billion in April, up from $10.19 billion in March and $10.81 billion in... 16.06.2026  20:00