Metallurgy news
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Worthington Steel Nears Completion of Klöckner TakeoverKlöckner & Co., a German manufacturer and distributor of steel and non-ferrous metals, announced its financial results for the first quarter of this year.The company recorded a net loss of 4 million euros in the quarter, compared with a net loss of 28 million euros in the first quarter of 2025, and…
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China-Serbia partnership has made progress in green steel researchSerbian President Aleksandar Vucic met with Liu Jiang, chairman of Chinese steel company HBIS Group in Hebei, in Beijing during his state visit to China, according to a statement released by HBIS.During the meeting, Vucic said that the Smederevo steel plant, acquired by HBIS in 2016 and known as…
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Japan launches AD investigation into CRC and HRC from three countriesThe Japanese Ministry of Economy, Trade and Industry (METI) announced that, together with the Ministry of Finance, they have initiated anti-dumping Duties (AD) investigations into CRC and HRC from South Korea, China and Taiwan.The investigation was initiated after a petition filed by local…
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Interpipe CEO: Reduction of EU quotas risks exacerbating steel crisis in UkraineInterpipe CEO Luca Zanotti warned that the planned reduction of steel import quotas by the European Union could further put pressure on Ukraine's steel industry, which, according to Reuters, has already been seriously weakened by the war.The EU said last month it would reduce duty-free steel import…
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Champion Iron Company Reports Decline in Fourth Quarter EarningsChampion Iron limited announced its operating and financial results for the fiscal fourth quarter ended March 31, 2026. The company reported net income of C$23.2 million for the period, down from C$39.1 million in the same period a year earlier, as results were impacted by a stronger Canadian…
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Producer prices in French industry decreased by 2.1 percent in April 2026 compared to March.According to statistics published by the French National Institute of Statistics and Economic Research (INSEE), producer prices in French industry decreased by 2.1 percent month-on-month and rose by 2.1 percent year-on-year in April this year. Producer prices for industrial products in France rose…
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Fortescue advances Real Zero strategy with new investment in renewable energyAustralian iron ore producer Fortescue Metals Group has announced the start of construction of a 690 MW Turner River solar farm in Western Australia's Pilbara region and a 650 MW battery energy storage system (BESS) at its Cloudbreak mine.The projects are part of Fortescue's Pilbara Green Grid, an…
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Australia launches investigation into AD duties on galvanized steel from South Korea and VietnamThe Australian Anti-Dumping Commission has announced the launch of an anti-dumping investigation into imports of galvanized (galvanized) steel from South Korea and Vietnam.The investigation was initiated at the request of local steel producer Bluescope Steel Limited and covers the period from…
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The United States will become the largest supplier of scrap to Turkey in January-April 2026, as imports increase slightly.In April of this year, the volume of scrap imports to Turkey increased by 14.7 percent month-on-month and decreased by 0.8 percent year-on-year to 1.86 million metric tons, according to data provided by the Turkish Statistical Institute (TUIK). The value of these imports amounted to $724.20…
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Japan's steel exports decreased by 9.3 percent in January-April 2026According to customs statistics published by the Japanese Federation of Ferrous Metallurgy (JISF), in April of this year, exports of iron and steel products from Japan amounted to 2.28 million metric tons, down 9.4 percent month-on-month and 6.7 percent year-on-year.In the period from January to…
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