Metallurgy news

• Norway and Russia strengthen their positions in Turkish iron ore imports as total volumes rise by 33.9 percent In April this year, Turkey's iron ore imports totaled 1,449,026 metric tons, up 84.5% year-on-year and 46.5% year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these imports totaled $149.97 million, an increase of 83.3%... 11.06.2026  11:00

• Fitch raises forecasts for iron ore and coking coal prices amid supply disruptions and higher costs International credit rating agency Fitch Ratings has announced that it has revised upward its short-term price assumptions for mining commodities, pointing to higher-than-expected market performance this year and ongoing supply-side challenges.The agency said commodity-specific factors, including... 11.06.2026  11:00

• CAAM: NEV sales in China grew by 3.5% in January-May 2026 According to the China Association of Automobile Manufacturers (CAAM), between January and May this year, production and sales of new energy vehicles (NEVs) in China were 5.841 million units and 5.802 million units, up 2.5 percent and 3.5 percent year-on-year. During the period, NEV sales accounted... 11.06.2026  10:00

• India's RINL has shut down its steelmaking plant after an explosion that killed nine people and injured several others. According to company sources, on Thursday, June 11, the Indian state-owned steel producer Rashtriya Ispat Nigam Limited stopped work at its steelmaking workshop 1 (SMS 1), where nine workers died in an accident and several others were seriously injured.SMS-1 contains six casting machines, five of... 11.06.2026  10:00

• Brazil's finished steel trade deficit continues to decline amid anti-dumping measures According to SECEX, the secretariat of foreign trade of the Ministry of Development, Industry and Foreign Trade of Brazil, Brazil exported 149,565 tons of finished carbon steel products in May at a price of 111.684 million US dollars, and imported 175,927 tons at a price of 130.994 million US... 10.06.2026  23:00

• U.S. steel mill shipments in April 2026 were down 6.6 percent from March. The American Iron and Steel Institute (AISI) reported that U.S. steel mills shipped 7,664,757 net tons in April 2026, up 1.1 percent from the 7,580,635 net tons shipped in April 2025. Shipments were down 6.6 percent from 8,204,611 net tons shipped in the previous month, March. 2026   Deliveries for ... 10.06.2026  21:00

• US continues AD and CVD orders for PC line from six countries The U.S. Department of Commerce (DOC) has issued a notice of extension of antidumping duty (AD) orders on prestressed concrete (PC) steel wire strands from Brazil, India, Japan, Mexico, Republic of Korea, and Thailand, and a countervailing duty (CVD) order on PC strands from India. Commerce... 10.06.2026  18:00

• MMK reported high sales of galvanized steel in January-May 2026 Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) announced that it sold about 445,000 tons of galvanized steel products in the first five months of 2026, strengthening its position as one of the leading producers of galvanized flat products in the country.It said about 397,000 tons,... 10.06.2026  16:00

• The NEOM project in South Arabia has been extended beyond 2030 due to revisions and budget pressures. The NEOM project in Saudi Arabia, one of the world's largest construction projects and a key element of the country's Vision 2030 program, is facing further delays as recent reports indicate that major parts of the "Line" may now be completed beyond the original target by 2030. The megaproject,... 10.06.2026  16:00

• Vale expects strong long-term demand for iron ore despite China reaching plateau in steel production Brazilian iron ore miner Vale remains optimistic about the long-term outlook for iron ore and critical minerals despite signs that China has reached a plateau in steel production, according to CEO Gustavo Pimenta.In a conversation with Bloomberg Television, Pimenta said demand for iron ore and... 10.06.2026  15:00