Metallurgy news
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Asian Steel Forum: China's overseas steel production capacity is about 30 million tons, and is likely to reach 50-60 million tons in the futureAccording to Su Changyong, Deputy Secretary General of CISA and Director of the CISA International Cooperation Department, who spoke at the Asian Steel Forum held in Beijing on July 16, the 15th Five-year plan period is crucial for China's steel industry to strengthen its global position and…
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Severstal began commissioning a plant for the production of iron ore pellets worth $1.48 billionRussian steelworks Severstal has begun commissioning the first roasting machine at its new iron ore pellet plant. Hot testing and start of production are scheduled for the third quarter of 2026.The RUB 116 billion ($1.48 billion) project will contribute to Severstal's environmental and operational…
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Italian Confindustria calls for broader EU industrial policy beyond ETS reformThe proposed revision of the EU's Emissions trading system (ETS) is a necessary step, but it will not be enough on its own to protect Europe's industrial base, was the message of Antonio Gozzi, Vice president of Italian Confindustria for European Strategic Autonomy, the Mattei plan and…
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In June 2026, the number of new car registrations in Turkey increased by 21.9 percent compared to May.According to data published by the Turkish Statistical Institute (TUIK), in June this year, new car registrations in Turkey increased by 21.9 percent month-on-month and increased by 2.9 percent year-on-year to 194,740 units.A total of 73,665 units of new passenger cars were registered in June, down…
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Asian Steel Forum: China forecasts steel demand at 980-1.030 million tons during the 15th five-year planAccording to statistics released by the National Bureau of Statistics of China, the apparent consumption of unrefined steel in China fell by 20 percent in 2025 compared to 2020.According to Xu Xiangchun, director of market information at Mysteel, at the Asian Steel Forum held in Beijing on July 16…
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EC proposes extension of free ETS quotas for CBAM sectors until 2038, EUROFER expresses concernThe European Commission has announced that it has submitted a proposal to overhaul the EU Emissions Trading System (ETS) along with a new Electrification Action Plan aimed at accelerating industrial decarbonisation, strengthening Europe's competitiveness and making the EU the world's first…
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Tokyo Steel hovers to an operating loss in the first quarter of fiscal year 2026-27 amid higher scrap metal costsJapanese steel company Tokyo Steel Manufacturing announced an unconsolidated operating loss of 2.31 billion yen in the first quarter ended June 30, 2026-27 fiscal year, compared with an operating profit of 4.77 billion yen in the same period of the previous fiscal year.The company's net sales…
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The foreign sales prices of Turkish metal producers increased by 2.15 percent in June 2026 compared to MayAccording to data published by the Turkish Statistical Institute (TUIK), in June 2026, the Turkish manufacturers' Foreign Sales Price Index (PPI)* increased by 0.46 percent compared to May and 30.33 percent year-on-year, while an average increase of 32.07 percent was recorded over the past 12…
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Tenaris completes two solar energy projects in Italy to support decarbonizationLuxembourg-based international steel pipe manufacturer Tenaris has announced the completion of two new photovoltaic installations at its Sabbio Bergamasco and Arcore facilities in Italy as part of its strategy to reduce carbon emissions by 30 percent by 2030 compared to 2018 levels.New photovoltaic…
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Centravis will shut down its plant in Uzhgorod as new EU steel quotas hit Ukrainian exportsUkrainian seamless stainless steel pipe manufacturer Centravis will place its production in Uzhgorod into mothballing mode, according to local media, citing a sharp decline in expected exports to the EU following the introduction of the bloc's new steel import quota regime.The suspension takes…
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