Metallurgy news
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China criticizes nationalization of British Steel, UK Steel backs moveThe nationalization of British Steel has caused mixed reactions. China has criticized the UK government's decision to nationalize British Steel, calling the move harmful to Chinese investors, while UK-based trade association UK Steel has welcomed the move as a necessary step to protect the…
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Mysteel Semi-annual Conference: Steel prices in China are likely to rise in the second half of the yearDuring the Mysteel semi-annual conference held on July 17, Wang Jianhua, Chief Steel Analyst at Shanghai Ganglian E–Commerce Holdings Co., Ltd., delivered a keynote speech titled "Recession First, then Growth, Balancing offense and defense - a semi-annual review and forecast of the Chinese steel…
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Total steel exports from Ukraine fell by two percent in January-June 2026In January-June of this year, total steel production in Ukraine amounted to 2.94 million tons, compared to 3.07 million tons for the same period in 2025, according to the Ukrainian steel association Ukrmetallurgprom. About 1.81 million tons, or 61.6 percent of total steel production, was exported…
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Turkey's pig iron imports concentrate on fewer suppliers as Russia strengthens leadershipAccording to preliminary data from the Turkish Statistical Institute (TUIK), Turkey's pig iron imports totaled 252,114 metric tons in May this year, up 22.6 percent from April and up 7.8 percent year on year. Meanwhile, the value of these imports was $99.30 million, an increase of 35.6 percent…
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EU and Turkey strengthen customs cooperationThe EU-Turkey Customs Cooperation Committee (CCC) has decided to mutually recognize the respective Authorized Economic Operators (AEO) programs of the European Union and Turkey, marking a new step in strengthening customs cooperation between the two sides.The Authorized Economic Operators Mutual…
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UK government nationalizes British Steel to protect domestic steel productionThe UK Government has officially taken local steel company British Steel into public ownership after the Steel Industry (Nationalization) Act received Royal Assent, concluding that nationalization was in the public interest and necessary to protect the country's steelmaking potential.The decision…
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Jindal Group retains interest in Liberty Gala after the second auction failed to attract bidsIndian conglomerate Jindal Steel Group, one of the largest steel producers in Asia, confirmed its interest in acquiring Liberty Gala after a visit by group chairman Navin Jindal to a Romanian steel mill, according to Romanian media reports.Jindal Steel, which acquired Liberty Ostrava in the Czech…
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EUROFER: EU must reform ETS to reflect market reality to support decarbonizationAhead of the European Commission's review of the EU Emissions Trading Scheme (ETS), the European Steel Association (EUROFER) has reiterated its support for the EU's goal of achieving climate neutrality by 2050, warning that the ETS can only achieve its intended results if it reflects market…
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Domestic steel consumption in Japan increased by 5.1 percent in January-May 2026In May of this year, Japan's domestic consumption of steel products totaled 3.57 million metric tons, down 8.6 percent from the previous month but up 2.5 percent year-on-year, according to data released by the Japan Federation of Ferrous Metallurgy (JISF). Meanwhile, in the first five months of…
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Mesabi Metallics completes first production blast at Minnesota iron ore mineMesabi Metallics Company LLC (Mesabi Metallics), part of the Indian Essar Group, announced the successful completion of the first production blast at its new iron ore mine in Nashwauk, Minnesota. The move is described as a planned step towards producing first pellets later in the third quarter of…
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