Metallurgy news
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Bangladesh will gradually eliminate tariffs on South Korean steel as part of the CEPA agreementBangladesh and South Korea have completed negotiations on the Comprehensive Economic Partnership Agreement (CEPA), which will gradually eliminate Bangladesh's 5-10% import duties on South Korean hot-rolled and cold-rolled steel products.According to the South Korean Ministry of Agriculture. In the…
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INGOK's net loss increased to UAH 2.49 billionPJSC Inguletsky Mining and Processing Plant (InGOK, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss 2.9 times in January-June of this year - UAH 4.8 million in the same period last year. The period amounted to UAH 302 thousand, which was formed in the first…
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The Government of Mauritania has announced a decision to invest more than $2 billion in the Al-Auja iron ore projectAccording to a statement released by the Government of Mauritania, the Board of Directors of Al-Awj Mining (EMC) has made the final investment decision on the Al-Awj iron ore concentrate project, which will be developed in the Guelb Al-Awj region. The total investment in the project will exceed $ 2…
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Trzynecke Zhelezarni seeks to strengthen support for the decarbonization process in the face of uncertainty with investments in EAFThe Czech steel company Třinecké Železárny continues to prepare for the transition to low-carbon steel smelting, calling for increased financial support from the Czech government and the European Union, said Petr Popelarj, Chairman of the Management Board of Moravia Steel, in an interview with the…
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HRC imports to Turkey will decrease in the first half of 2026 as China and Egypt lose groundAccording to preliminary data provided by the Turkish Statistical Institute (TUIK), in June of this year, imports of hot rolled steel (HRC) to Turkey amounted to 300,255 metric tons, up 3.1 percent from May and 4.1 percent year-on-year. Meanwhile, the value of these imports amounted to 170.77…
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Hydnum Steel allocates 150 million euros to finance the Green Steel project in PuertollanoSpanish environmentally friendly steel producer Hydnum Steel has announced that it has raised an investment of 150 million euros from a Co-investment Fund (FOCO) managed by COFIDES to strengthen the financial base for the construction of its low-carbon steel plant in Puertollano, Ciudad Real. The…
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CISA: A fairer, more transparent and sustainable order is emerging in the iron ore marketFor a long time, the iron ore production chain was characterized by a structural imbalance: international mining companies engaged in mining had exorbitant profitability, while domestic steel mills engaged in mining were struggling to make ends meet - a stark contrast, according to the Chinese…
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CISA: Coking coal purchase costs in China increased by 8.72% in the first half of 2026In the period from January to June of this year, the weighted average cost of purchasing coking coal, metallurgical coke, domestic iron ore, imported iron ore fines and ferrous scrap in China increased by 8,72%, 6,53%, 2,66%, 1,52% and 0.26% year-on-year, respectively, as announced by the Chinese…
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Baowu Desheng Stainless Steel for Production Line MaintenanceChinese stainless steel manufacturer Baowu Desheng Stainless Steel, based in Fujian Province, will carry out maintenance of the stainless steel production line in August this year.The company's stainless steel production is expected to decrease by about 10,000 tons during this period.
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Metalllus reports profit growth in the second quarter of 2026 due to the growth of the aerospace and defense industriesThe American company Metalllus Inc. announced a net profit of $8.9 million for the second quarter of 2026, compared with $5.4 million in the first quarter of 2026 and $3.7 million in the second quarter of 2025. Net sales for the second quarter were $341.0 million, compared to $308.3 million in the…
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