Metallurgy news

• The UK is ready to reduce duty-free quotas on steel imports amid global oversupply According to a report by The Guardian, the UK government is expected to reduce the amount of steel allowed to enter the country duty-free as part of a broader effort to protect the domestic steel industry from global oversupply and rising protectionism.Under the current protective regime, certain... 27.01.2026  13:00

• Interpipe: Ukrainian industry will play a leading role in post-war reconstruction Ukrainian steel pipe and railway wheel manufacturer Interpipe believes that Ukrainian industry will play a decisive role in the country's post-war reconstruction, as stated by the company's CEO Luca Zanotti during a panel discussion "From sustainability to reconstruction: what does Ukraine need to... 27.01.2026  12:00

• Egypt's Ezz Steel invests $1.16 billion over two years to expand production amid global protectionism Egyptian steel producer Ezz Steel has announced plans to invest about $1.16 billion over the next two years to expand its production capacity, according to statements from CEO Ahmed Ezz quoted in media reports.Mr. Ezz said that the investments reflect a changing global trade environment in which... 27.01.2026  12:00

• India and EU sign free trade agreement representing 25% of global GDP India and the European Union (EU) have signed a free trade agreement, Indian Prime Minister Narendra Modi said on Tuesday, January 27.Describing it as the “mother of all deals” that accounts for 25 percent of global GDP, Modi said the pact will create significant opportunities for people and bus... 27.01.2026  11:00

• Trump raises tariffs on imports from South Korea to 25% amid dispute over trade agreement ratification US President Donald Trump announced on social media that tariffs on South Korean cars, lumber, pharmaceuticals and other goods subject to mutual tariff regime will be increased from 15 to 25 percent.Trump said the decision reflected the US administration's position that trade agreements should be... 27.01.2026  11:00

• MOC: The average price of rebar in China decreased by 0.2 percent between January 12 and January 18, 2026 The Chinese Ministry of Commerce (MOC) announced that the average price of finished steel in China decreased slightly from January 12 to January 18 this year.During this period, average prices for rebar, HRC and steel channels decreased by 0.2 percent, 0.1 percent and 0.1 percent per week,... 27.01.2026  10:00

• Gross profit of Chinese steel enterprises will rise to 109.83 billion yuan in 2025 China's ferrous metal smelting and rolling sector recorded gross profit of 109.83 billion yuan (US$15.9 billion) in 2025, up 299.2 percent from gross profit of 29.19 billion yuan recorded in 2024, China's National Bureau of Statistics (NBS) announced on 27 January.The automobile sector recorded... 27.01.2026  09:00

• China's stainless steel exports to decrease by 0.26 percent in 2025 According to the Chinese customs authorities, in 2025, the import and export of stainless steel to China amounted to 1.5192 million tons and 5.0311 million tons, which increased by 19.09 percent and 0.26 percent year-on-year, respectively.In December alone, China's stainless steel imports and... 27.01.2026  09:00

• Algoma Steel and Hanwha Ocean sign Memorandum of Understanding to support future Canadian submarine project January 26, 2026 Canadian company Algoma Steel Group Inc. entered into a binding memorandum of understanding (MOU) with Hanwha Ocean Co., Ltd.Both companies have agreed to enter into a long-term strategic agreement with a potential value of US$250 million (approx. C$345 million) under this... 27.01.2026  06:00

• The number of drilling rigs in the US and Canada will increase - third week of 2026. Baker Hughes reported that for the week ended January 23, 2026, the number of rotary drilling rigs in the United States increased by 1 to 544.The number of gas production rigs remained unchanged at 122, and the number of oil production rigs increased by 1 to 422. The total number of drilling rigs... 27.01.2026  00:00