Metallurgy news
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India's JSW Steel Limited will invest $20 billion over the next seven years.Indian company JSW Steel Limited is investing about $20 billion over the next seven years, hoping that the country will continue to focus on expanding infrastructure and production, which will lead to an increase in steel demand to more than 300 million tons per year, the company's managing…
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Turkey's HRC exports decreased by 18.4 percent in January-April 2026, while European markets gained weight.In April of this year, exports of hot rolled steel (HRC) from Turkey totaled 218,845 metric tons, down 23.8 percent from March and 24.2 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these exports totaled $128.23…
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CPCA: China retail passenger car sales down 20% in May 2026According to the automobile market analysis conducted by the China Passenger Car Association (CPCA), retail sales of passenger cars in China totaled 1.547 million units in May this year, down 20.0 percent year-on-year and up 12.0 percent month-on-month.In the first five months of this year, retail…
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NBS: Rebar prices in China decreased by 1.6 percent at the end of May 2026At the end of May (May 21-31) this year, the average price in China for HRB 400E 20 mm rebar decreased by RMB 51.7/mt ($7.6/mt) or 1.6 percent to RMB 3265.7/mt ($479/mt), compared with the price in mid-May (May 11-20) as announced by the National Bureau of Statistics of China.During this period…
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New round of tariffs threatens Brazilian pig iron exports to the USBrazilian pig iron, included in the US import tariff exemption list in November 2025, was not included in the new list announced by the US Trade Representative (USTR) on May 29.Brazilian pig iron will be subject to a 25 percent import tariff in the US, raising concerns from the Minas Gerais…
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Car production in Japan grew by 3.1% in January-March 2026Japanese vehicle production (including cars, trucks and buses) totaled 788,528 units in March this year, up 8.8 percent from the same month in 2025, according to data provided by the Japan Automobile Manufacturers Association (JAMA). Meanwhile, in January-March this year, Japanese auto production…
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Severstal decommissioned rolling mill 150 at CherMKRussian steelmaker Severstal has announced the decommissioning of the 150 rolling mill at the Cherepovets Iron and Steel Works (CherMK), one of the company's key assets, after replacing the unit's capacity with the newly commissioned 170 rolling mill.Commissioned in 1966, the 150 rolling mill has…
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Marcegaglia increases investment in a low-carbon steel project in Fos-sur-Mer to 1.2 billion eurosItalian steel producer Marcegaglia has signed a contract with the Italian Danieli plant for the construction of a new steel mill in Fos-sur-Mer in southern France as part of its "Mistral Project". The total cost of the agreement, which was announced in a joint press release issued on April 13, is…
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Italian company Assofermet warns that safety measures and CBAM could harm processors and distributionAfter several years of gradual tightening of the European Union's regulatory framework to protect the steel market, the first critical problems of the EU's steel import restriction systems are beginning to become clear. In an official statement, Assofermet - the association representing the Italian…
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TCUD: Steel production in Turkey to grow in January-April 2026According to a statement released by the Turkish Steel Producers Association (TCUD), in April this year, crude steel production increased by 9.4 percent year-on-year to 3.29 million tons in Turkey, the seventh largest steel producing country in the world, while production increased by 6.3 percent…
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