Metallurgy news
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Assofermet: Italian scrap market stable in May, with production and energy influencing forecasts for JuneAccording to Assofermet, the association representing Italian companies involved in the trading, distribution and processing of steel, scrap and non-ferrous metals, in its usual monthly market review, the Italian ferrous scrap market closed May with a generally stable trend, after a rise of 15-20…
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EU officially takes new measures on steel tradeThe Council of the European Union has officially adopted a new regulation establishing a revised framework to protect the EU steel market from the effects of global steel overproduction, ensuring continued trade protection after the current steel protection measures expire on 30 June 2026.The new…
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Kametstal has reduced electricity consumption for steel productionThe Kametstal plant of the Metinvest mining and Metallurgical Group, created at the facilities of the Dnipro Metallurgical Plant (Kamenskoye, Dnipropetrovsk region), reduced power consumption in the converter unit by 6 kWh per ton of steel produced from 27.4 to 21.4 kWh/ton of smelts.According to…
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Cargill considers sale of metals trading business to Macquarie amid strategic restructuringU.S. commodities giant Cargill is reportedly in talks with Australia's Macquarie Group regarding a potential sale of its metals trading business, according to a Reuters report citing people familiar with the matter.The sources indicated that talks were ongoing, although a final agreement had not…
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Global iron ore exports increased in May 2026 due to purchases by ChinaIron ore exports (including pellets) from key global producers, Australia, Brazil and India, increased month-on-month in March 2026, excluding shipments from South Africa. This was largely due to increased purchases by Chinese customers ahead of the Labor Day holidays to keep port stocks high, as…
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BHP and GCMD trial waste-based biofuel blends to reduce emissions from iron ore transportAustralian mining company BHP and the Global Center for Marine Decarbonization (GCMD) have announced the launch of a pilot project aimed at reducing greenhouse gas emissions from maritime transport through the use of blended biofuels derived from waste-based feedstocks.The initiative aims to test…
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Cadence Minerals receives financing and promotes restart of Azteca plant in BrazilCadence Minerals, a British company, has announced further progress in restarting the Azteca processing plant at the Amapa iron ore project in Brazil after receiving the first tranche of construction financing and advancing contractor mobilization efforts.The company announced that the initial…
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The French metallurgical industry in April 2026 grew by 0.1% compared to MarchAccording to statistics published by the French National Institute of Statistics and Economic Research (INSEE), industrial production in France remained unchanged in April this year compared to the previous month after growing by 0.1 percent in March this year. In the February-April quarter, French…
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China dominates the list of the world's largest steel companies according to Worldsteel for 2025.According to data released by the World Steel Association (worldsteel), the Chinese company China Baowu Group retained its position as the world's largest steel company in 2025 with a total steel production of 124.76 million tons, compared with 130.09 million tons in 2024.ArcelorMittal…
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Turkey's billet imports rose 53.9 percent in January-April 2026 as buyers shift toward Russian and Chinese origins.In April this year, Turkey's imports of billets and blooms totaled 402,539 metric tons, down 27.3 percent from March and up 49.9 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the income generated from these imports amounted to…
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