Metallurgy news
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Tata Steel's steel production in India increased by 11% in the first quarter of fiscal year 2026-27Indian steel company Tata Steel Limited achieved steel production in India of 5.82 million tons during the first quarter (April-June) of fiscal year 2026-27, an increase of 11 percent year-on-year, according to a company statement on Thursday, July 9.Domestic sales also increased during this…
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Indian company JSW Infrastructure will build a $219 million jetty to support JSW Steel's new steel plant project in OdishaAccording to a regulatory filing by the company on Thursday, July 9, India's JSW Infrastructure limited will build a 52 million tonne per annum jetty to provide infrastructure support for JSW Steel limited's upcoming 13.2 million tonne new steel plant in the eastern state of Odisha.According to a…
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Steel production in Mexico will grow by 5.2 percent in January-May 2026Finished steel production in Mexico increased by 5.2 percent in January-May this year to 7.61 million tons from 7.2 million tons in the same period in 2025, according to the country's National Chamber of Ferrous Metallurgy (CANACERO). In May, finished steel production increased by 18.1 percent to…
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Car production in Argentina fell 1.94 percent in June compared to May.According to the Argentine vehicle manufacturers' association ADEFA, the country produced 37,029 units (passenger cars and light commercial vehicles) in June, up from 37,762 units in May.Exports fell 11.3 percent to 22,373 units, while domestic sales rose 22.6 percent to 44,096 units, of which…
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Malaysia's steel industry expresses concern about tougher EU import regimeThe Federation of Metallurgical Industries of Malaysia (MISIF) has expressed concern about increased trade restrictions affecting Malaysian steel exports, calling on Malaysian producers to receive fair and equitable treatment as governments step up measures to address global steel…
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African Industries to build Nigeria's largest solar-powered steel millAccording to media reports, Nigerian-based steel company African Industries Group has acquired 500 hectares of land in the Nigerian state of Niger to build what is expected to be the country's largest solar-powered steel mill.The land allocation was approved by the Government of Niger State as part…
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Potential strike at BHP's Port Hedland facilities threatens iron ore exportsHundreds of workers at the Australian mining company BHP's Port Hedland iron ore facility in Western Australia may stage an eight-hour work stoppage on July 16, after six months of unsuccessful negotiations on a new four-year labor agreement, according to union officials, according to a Reuters…
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IMF: Global economy to grow by three percent in 2026 due to war and rising energy pricesAccording to data from the International Monetary Fund (IMF) for July 2026, global economic growth is projected at three percent in 2026 and 3.4 percent in 2027, compared with an average of 3.5 percent in 2024-2025.The IMF said the slowdown reflected the negative impact of the war in the Middle…
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Severstal may cut investments by 24% in 2027 amid weak demand for steelRussian steelmaker Severstal may cut its 2027 investment program by another 24 percent, to about 85 billion rubles ($1.1 billion), as a result of weaker demand for steel, according to Russian media reports.The planned cuts are intended to help the company maintain positive free cash flow. The…
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IREPAS: The global long position market is in danger of further decline, although geopolitical shifts may signal a turning pointAccording to the latest report published by IREPAS, the global association of long products exporters and manufacturers, the global business environment in the long products sector has experienced another downturn: growing difficulties are compounding market difficulties. However, the apparent…
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