Metallurgy news

• Voestalpine reports higher net profit in fiscal year 2025-2026 and expects profit growth in fiscal year 2026-27 The Austrian steel company Voestalpine AG has announced financial results for the 2025-26 fiscal year ended March 31.The company reported a net profit of 424 million euros for the year, compared with a net profit of 178.6 million euros in the previous fiscal year. The company's revenue in this... 04.06.2026  15:00

• BIR: Recycled steel will be the strategic backbone of the future steel industry Recycled steel is increasingly being recognized as a strategic resource rather than simply a secondary raw material, according to Shane Mellor, president of the Bureau of International Recycling's (BIR) Iron and Steel Division. Speaking at the division's latest meeting in Gothenburg, Sweden, Mellor... 04.06.2026  14:00

• In India, steel production is expected to grow by 3% and imports by 63% in May 2026.% India's crude steel production is tentatively estimated at 14.21 million tons in May 2026, up 2.9 percent from last year, according to data released by the Ministry of Steel on Thursday, June 4.The production of finished steel in May is estimated at 13.94 million tons, which is nine percent more... 04.06.2026  14:00

• Mexico initiates recall on cessation of HR steel production from Russia The Mexican Ministry of Economy has initiated a review of the validity period of the anti-dumping duty on imports of hot-rolled steel sheets in coils from Russia, regardless of the sending country. The review will decide whether the duty should be maintained or allowed to expire. The measure was... 04.06.2026  13:00

• OECD: Global steel demand recovery to remain weak as overcapacity crisis deepens The Organization for Economic Cooperation and Development (OECD) said in its Steel Outlook 2026 report that global steel demand is expected to recover only slightly in 2026 after four consecutive years of decline, as the continued slowdown in China's real estate sector offsets stronger growth in... 04.06.2026  13:00

• Net profit of Metinvest-Resource increased to UAH 7 million Metinvest-Resource LLC (Zaporozhye) in January-March of this year increased its net profit by 20.3% compared to the same period last year - to UAH 7.044 million from UAH 5.857 million.Ordinary activities during this period increased by 11.1% - to UAH 1 billion 188.955 million from UAH 1 billion UAH... 04.06.2026  13:00

• Kardemir completes the first production of the new KOCKS RSB line for special steel grades Turkish integrated long products manufacturer Kardemir Karabuk Demir Celik Sanayi ve Tijaret A.S. (Kardemir) has announced the successful completion of the first production cycle on its new generation KOCKS (RSB) block reduction and calibration line, marking a significant step in the company's... 04.06.2026  12:00

• Algoma Steel has signed a contract with Hanwha for the supply of military steel for Canadian defense vehicles South Korean defense firm Hanwha has signed a memorandum with Canadian steel manufacturer Algoma Steel and the Canadian Automobile Parts Manufacturers Association (APMA) on the supply of Canadian steel for the prospective production of ground armored vehicles in Canada. This partnership will supply... 04.06.2026  12:00

• India's JSW Steel Limited will invest $20 billion over the next seven years. Indian company JSW Steel Limited is investing about $20 billion over the next seven years, hoping that the country will continue to focus on expanding infrastructure and production, which will lead to an increase in steel demand to more than 300 million tons per year, the company's managing... 04.06.2026  11:00

• Turkey's HRC exports decreased by 18.4 percent in January-April 2026, while European markets gained weight. In April of this year, exports of hot rolled steel (HRC) from Turkey totaled 218,845 metric tons, down 23.8 percent from March and 24.2 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these exports totaled $128.23... 04.06.2026  11:00