Metallurgy news

• Fortescue advances Real Zero strategy with new investment in renewable energy Australian iron ore producer Fortescue Metals Group has announced the start of construction of a 690 MW Turner River solar farm in Western Australia's Pilbara region and a 650 MW battery energy storage system (BESS) at its Cloudbreak mine.The projects are part of Fortescue's Pilbara Green Grid, an... 01.06.2026  13:15

• Australia launches investigation into AD duties on galvanized steel from South Korea and Vietnam The Australian Anti-Dumping Commission has announced the launch of an anti-dumping investigation into imports of galvanized (galvanized) steel from South Korea and Vietnam.The investigation was initiated at the request of local steel producer Bluescope Steel Limited and covers the period from... 01.06.2026  13:15

• The United States will become the largest supplier of scrap to Turkey in January-April 2026, as imports increase slightly. In April of this year, the volume of scrap imports to Turkey increased by 14.7 percent month-on-month and decreased by 0.8 percent year-on-year to 1.86 million metric tons, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports amounted to $724.20... 01.06.2026  13:00

• Japan's steel exports decreased by 9.3 percent in January-April 2026 According to customs statistics published by the Japanese Federation of Ferrous Metallurgy (JISF), in April of this year, exports of iron and steel products from Japan amounted to 2.28 million metric tons, down 9.4 percent month-on-month and 6.7 percent year-on-year.In the period from January to... 01.06.2026  13:00

• New home prices in 100 Chinese cities rose 0.16% in May 2026 from April In May this year, the average new housing prices in China's 100 major cities were 17,156 yuan/square meter ($2,515.5/sqm), up 0.16 percent month-on-month, while increasing 2.03 percent year-on-year, as announced by the CIA, the largest independent real estate research organization in China.... 01.06.2026  12:00

• Borusan Berg Pipe strengthens U. S. presence with new contracts Turkish steel pipe manufacturer Borusan Birleşik Boru Fabrikaları Ticaret A.Ş. (Borusan Boru) announced that its American subsidiary Borusan Berg Pipe has signed new sales contracts worth about $742 million after commercial negotiations in the United States.According to the company, it is expected t... 01.06.2026  12:00

• Fives will supply OTO tube mill and finishing equipment to Aceros Arequipa French engineering company Fives Group announced that Peruvian steelmaker Aceros Arequipa has been awarded a contract to supply a complete OTO tube mill with integrated finishing equipment for Aceros Arequipa's plant in lima, Peru.Fives said its scope of supply will cover the entire production... 01.06.2026  11:00

• The future of the war in Iran is squeezing the cost of shipping steel and bunker fuel The war in Iran has increased transportation costs, adding unexpected upward pressure to the cost of steel, both raw and finished. Marine bunker fuel at major ports has increased by 60-75 percent since the end of February, scrap metal exports from the U.S. East Coast to Turkey have increased by... 01.06.2026  11:00

• China's steel sector PMI fell to 47.9 percent in May 2026 In May this year, the purchasing managers' index (PMI) for the Chinese steel sector was 49.2 percent, down 1.3 percentage points from April, as announced by the China Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP).Moreover, in May, the new... 01.06.2026  10:00

• Net profit of Indian mining company NMDC Limited increased by 35% in the fourth quarter of fiscal year 2025-26% Indian state-owned iron ore mining company NMDC Limited achieved a consolidated net profit of INR 20.2 billion ($212.12 million) in the fourth quarter (January-March) of fiscal year 2025-26, an increase of 35 percent compared to the corresponding quarter of the previous fiscal year, according to... 01.06.2026  10:00