Metallurgy news

• Jindal Steel Sohar breaks monthly production record in Oman Italian manufacturer Danieli Technologies announced that the Omani steel company Jindal Steel Sohar has set a new benchmark in monthly steel production at its Oman plant, with liquid steel production reaching 235,112 tons. Based on these indicators, the annual steel production at the facility... 02.02.2026  17:00

• POSCO's net profit falls in 2025 due to higher raw material costs South Korean metallurgical company Pohang Iron and Steel Co. (POSCO) announced consolidated financial results for 2025.The company's operating profit was KRW 1.83 trillion ($1.26 billion), compared to operating profit of KRW 2.17 trillion in 2024. In 2025, POSCO's sales revenue decreased 4.9... 02.02.2026  16:00

• Canada's Baffinland Clears Regulatory Path to Start Construction on Mary River Iron Ore Project According to Canadian mining company Baffinland Iron Mines Corporation, the company has reached an important milestone in its Mary River project after completing consultations with the Inuit, who are supporting the issuance of all key regulatory approvals required to begin construction of the... 02.02.2026  16:00

• Metinvest's tax deductions in Ukraine decreased by UAH 1.1 billion in 2025 In 2025, Metinvest Mining and Metallurgical Group, including associated companies and joint ventures, transferred UAH 18.7 billion to the budgets of all levels in Ukraine, and in 2024 - UAH 19.8 billion.According to the company's press release on Monday, the largest amount of deductions was the... 02.02.2026  16:00

• South Africa's base metals export value down 20.6 percent in 2025 According to data released by the South African Revenue Service (SARS), the value of exports of South African non-ferrous metals and products amounted to 12.44 billion South African rials ($776.96 million) in December last year, down 8.8% from November. In 2025, South Africa's export value of base... 02.02.2026  15:00

• Passenger car sales in India increased by 13% in January 2026% According to industry data released on Monday, February 2, Indian passenger car sales, indicated by shipments from manufacturers to dealers, were estimated at 455,000 units in January 2026, up 12.6 percent from last year.On a disaggregated level, most major passenger car manufacturers also recorded... 02.02.2026  15:00

• Turkey's Borçelik exports 80% of its products, focusing on the EU, the Balkans and North America. Kerem Cakir, CEO of the Turkish steel company Borçelik Çelik Sanayi Ticaret A.Ş., stated that the company has a flat steel production capacity of about 1.5 million tons, positioning it as a strategic supplier to the Turkish manufacturing industry, according to local media reports.Cold-rolled pr... 02.02.2026  14:00

• Switzerland and the EU are negotiating measures to protect steel and ferroalloys Switzerland and the European Union held a discussion on EU measures affecting steel imports and protective measures for certain ferroalloys after an extraordinary meeting of the Joint Committee established under the bilateral free Trade agreement. According to an official statement from the Swiss... 02.02.2026  14:00

• Indian MOIL LIMITED increased prices for grades of manganese ore for deliveries in February 2026 India's state-owned manganese mining company has increased prices for various grades of ore for all shipments from February 1, according to a company statement on Monday, February 2.The company said the price of manganese ore containing more than 44 percent Mn has been increased by five percent,... 02.02.2026  11:00

• Scrap imports to Turkey decreased by 6.7 percent in 2025 Last December, the volume of scrap imports to Turkey decreased by 6.6 percent year-on-year and 0.4 percent month-on-month to 1.74 million metric tons, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports amounted to $624.99 million, a decrease of 14.8%... 02.02.2026  11:00