Metallurgy news
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The auction of Liberty Galati assets will resume in June after court approval.The auction of assets of the only Romanian manufacturer of flat rolled products, Liberty Galati, is scheduled to resume in June after court approval in Romania, according to media reports.The auction will take place on June 19, 2026, and the sale process reportedly includes the Galati steel mill…
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US and Iran close to agreement to reopen Strait of Hormuz during proposed ceasefire extensionThe United States and Iran are reportedly close to reaching an interim agreement that could reopen the Strait of Hormuz during a proposed 60-day ceasefire extension.The discussions come amid ongoing tensions in the Middle East and growing concerns about disruption to global energy markets caused by…
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Ukraine launches AD-sensing in coated steel from four countriesUkraine has initiated an anti-dumping investigation into imports of rolled carbon steel with a coating from Turkey, Vietnam, South Korea and India after reviewing the relevant complaint, as well as the report and conclusions of the Ministry of Economy on the results of anti-dumping production…
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Aluminum rose to its highest level since March 2022Aluminum prices have updated a four-year high amid fears of lower aluminum production in China due to ongoing supply disruptions from the Middle East.Aluminum futures for delivery in three months on the London Metal Exchange (LME) are trading at $3,687.5 per ton, which is 1% higher than the closing…
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Jindal Oman will invest $390 million to build a steel plant in SoharJindal Steel Oman has signed an agreement with the industrial city of Sohar, Oman, to develop an integrated steel plant, entailing an investment of $390 million, industry circles told SteelOrbis on Tuesday, May 27.The agreement, signed with the Government Authority for Industrial Estates (Madayn)…
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CISA: Coking coal purchase costs in China increased by 2.06 percent in January-April 2026In January-April of this year, the weighted average cost of purchasing coking coal, domestically produced iron ore and imported iron ore in China increased by 2.06%, 2.06% and 0.55% year-on-year, while the weighted average cost of purchasing metallurgical coke and ferrous scrap in China decreased…
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U.S. crude steel production to decline 1.5 percent – Week 21 of 2026According to the American Iron and Steel Institute (AISI), for the week ended May 23, 2026, domestic crude steel production in the United States was 1.870 million net tons, and the capacity utilization rate was 81.0 percent.Production for the week ended May 23, 2026 decreased by 1.5 percent…
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Brazil's use of steel import quotas shows modest progressValid from February 24 to June 23, 2026, the Brazilian foreign trade authority Siscomex (Foreign Trade System) has authorized the import of 445,469 metric tons (mt) of finished steel products at regular tax rates.Updated May 20, average quota utilization reached 60 percent, up from 56 percent on…
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Prices for industrial products and raw materials in Canada will increase in April 2026Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 2.0 percent month-over-month in April and increased 11.4 percent year-over-year, according to Statistics Canada. Prices for raw materials purchased by manufacturers operating in Canada, as…
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SteelAsia received green loan to expand low carbon steel productionPhilippine steelmaker SteelAsia Manufacturing Corporation announced that it has received a green loan worth PHP 1.25 billion (USD 20.30 million) from Taiwan's Cathay United Bank. The financing will support the expansion of its low-carbon steel operations in the Philippines.Financing to support EAF…
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