Metallurgy news

• Severstal has completed a major overhaul at the Cherepovets Converter Steel Plant Russian steel mill Severstal announced the completion of a major overhaul program for its converter steel production at the Cherepovets Iron and Steel Works (CherMK), a key asset of the company.Work completed in accordance with the equipment shutdown schedule covered converter No. 3, ladle furnace... 15.05.2026  13:00

• EU steel sector calls for strict carbon pricing rules in third countries according to CBAM The European Commission has published a report on the draft implementation act on carbon prices paid in third countries as part of the final stage of the Carbon Boundary Adjustment Mechanism (CBAM).The consultation gathered feedback from industry stakeholders, governments, and companies on how... 15.05.2026  13:00

• Manganese ore shipments through Port Hedland fell 16.9 percent in April 2026 compared to March In April this year, manganese ore shipments from Australia's Port Hedland totaled 104,698 metric tons, down 16.9 percent month-on-month and up 39.6 percent year-on-year, according to monthly data released by the Port Hedland Port Authority.Meanwhile, this China accounted for 85.7 percent of total... 15.05.2026  12:00

• Japan's Kobe Steel reported a decrease in net profit in fiscal year 2025-26, expecting profit to remain stable in fiscal year 2026-27. Japanese steel company Kobe Steel Ltd has released financial and operating results for the 2025-26 fiscal year ended March 31.During the period, Kobe Steel reported a net profit of 93.72 billion yen ($591.3 million), down from a net profit of 120.2 billion yen recorded in the previous fiscal year,... 15.05.2026  12:00

• Turkey's Sarıtaş places order for capital equipment from Andritz for stainless steel investment According to a company statement, Turkish stainless steel manufacturer Sarıtaş Stainless Steel has placed an order for major equipment for its integrated stainless steel investment at the Yalova Machinery Specialized Organized Industrial Zone.The order, supplied by Austrian plant manufacturer A... 15.05.2026  11:00

• Stegra provides debt financing in the amount of € 1.5 billion to complete the construction of a green steel plant According to a Bloomberg report, Swedish green steel producer Stegra and its creditors have reached an agreement to raise additional $1.5 billion in debt financing for the company's low-carbon steel project in Boden. The financing is expected to contribute to the further construction and... 15.05.2026  11:00

• Inventories of key finished steel products in China fell by 2.2% at the beginning of May 2026 On May 10 this year, the total domestic inventories of five major finished steel products in China's 21 major cities totaled 10.0 million tons, down 2.2 percent from April 30, 1.4 percentage points slower than the decline rate recorded at the end of April (April 21-30), as announced by the China... 15.05.2026  10:00

• Indian JSW Steel Limited to merge with BMM Ispat Limited India's JSW Steel Limited will merge its subsidiary BMM Ispat Limited (BIL) with itself to achieve higher operational synergies and expand its portfolio of long products, the company said in a regulatory filing on Friday, May 15.The company stated that the integration would provide significant... 15.05.2026  10:00

• CSN's net loss fell 24.1 percent in the first quarter of 2026 Brazilian steel and iron ore producer Companhia Siderúrgica Nacional (CSN) reported a net loss equivalent to $111.450 million in the first quarter of 2026, compared with a net loss of $146.904 million in the same period in 2025.Net sales increased 2.8 percent to $2.129 billion, production costs ... 14.05.2026  19:00

• IDDMIB: Turkish steel industry index rose sharply in April, export unit prices reached a record high The Istanbul Association of Ferrous and Non-Ferrous Metal Exporters (IDDMIB) has published the results of the Turkish metallurgical industry export index TR-METALENDEKS for April 2026. The data showed that the recovery process that continued in March turned into a sharp and strong upward trend in... 14.05.2026  17:00