Metallurgy news
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Turkey launches National Green Finance Strategy to support the goal of zero emissions by 2053The Turkish Ministry of Finance and Finance has published the National Strategy and Action Plan for Green Finance (2026-2029), which outlines Turkey's roadmap for developing a transparent, inclusive and innovative green finance ecosystem that supports the country's goal of zero emissions in 2053…
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Metinvest is considering the possibility of attracting a new investor to strengthen the project of a new steel mill in PiombinoMetinvest is looking for a new partner to participate in the construction of a new steel mill in Piombino in order to strengthen its financial structure and improve its banking attractiveness in the face of uncertainty created by the ongoing war in Ukraine. The news, first reported by Bloomberg…
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SMS Group to supply Baosteel Steel Pipe with two PQF seamless pipe production plantsThe German SMS Group plant has announced the receipt of a new order from Baosteel Steel Pipe (Ma'anshan) Science and Technology Co., Ltd. for the supply of two PQF® seamless pipe rolling lines in Ma'anshan, further strengthening the long-standing cooperation between the two companies.Under the…
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Production of the French metallurgical industry in May 2026 decreased by 0.3% compared to AprilAccording to statistics published by the French National Institute of Statistics and Economic Research (INSEE), industrial production in France increased by one percent month-on-month in May this year, after falling 0.1 percent in April this year. In the March-May quarter, French industrial output…
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Tenova will modernize the Tenaris EDP at the Koppel Steel Mill in PennsylvaniaThe Italian equipment manufacturer Tenova, through its American subsidiary Tenova Inc., announced that it has been selected to modernize the electric arc furnace at the Koppel steel mill, owned by global steel pipe manufacturer Tenaris, in Pennsylvania, as part of a broader Tenaris modernization…
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Hoa Phat supplies PC threads for Vietnam's major infrastructure projectsVietnamese steel company Hoa Phat has announced that it is supplying thousands of metric tons of prestressed steel strands (PC strand) for major infrastructure projects across the country, maintaining construction schedules and replacing imported products.According to the statement, the products…
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EC announces CBAM certificate price for the second quarter of 2026The European Commission has published the official price of the Carbon Boundary Adjustment Mechanism (CBAM) certificate, setting the level at €75.28 for the second quarter of 2026.As SteelOrbis previously reported,The CBAM certificate price for the first quarter was set at €75.36. Each quarterly…
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Indian JSW Steel begins construction of a steel plant based on EAF in Andhra PradeshIndia's JSW Steel limited has begun construction of a 2 million tonne per annum integrated mill in the southern state of Andhra Pradesh, which will entail an investment of $1.72 billion, the company said in a statement on Monday, July 6.The project work has been started by its wholly-owned…
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Tata Steel firms increased capital expenditures by $2 billion in fiscal year 2026-27, 60% for Indian operationsIndian steel company Tata Steel Limited will spend about $2.09 billion in capital expenditures in fiscal year 2026-27, most of which will be spent on its Indian operations, the company's chief executive said in a statement on Monday, July 6."In the last financial period of 2025-26, Tata Steel's…
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Fitch Ratings changed the outlook on Gerdau's rating from stable to positiveFitch Ratings raised its outlook on Brazilian steelmaker Gerdau from stable to positive, based on the company's potential to improve its business profile and profitability in the near to medium term, supported primarily by its stronger presence in North America and the recovery of its operations in…
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