Metallurgy news

• Swedish company Grangex signs mining services agreement to restart Sydvaranger mine Swedish mining company Grangex AB announced that its wholly-owned subsidiary Sydvaranger Drift AS has entered into a mining services agreement with Finnish mining company E. Hartikainen Oy in connection with the planned restart of the Sydvaranger mine in northern Norway.The mining services... 27.01.2026  14:00

• Fenix Resources iron ore production increased by 51.8 percent in October-December 2025-26 fiscal year The Australian company Fenix Resources Limited has published a quarterly report for the three months ended December 31, 2025. In this quarter, the company produced about 1.06 million tons of iron ore, which is 51.8% more than in the same period last year.The company shipped 354,300 tons of iron ore... 27.01.2026  14:00

• Hyundai Steel Approves Capital Raise for EAF Project in Louisiana South Korean steelmaker Hyundai Steel announced a major capital increase for its U.S. subsidiary Hyundai-POSCO Louisiana LLC.The capital increase is intended to finance the construction of an integrated electric arc furnace (EAF) steel plant in Ascension Parish, Louisiana. The company said the... 27.01.2026  13:00

• The UK is ready to reduce duty-free quotas on steel imports amid global oversupply According to a report by The Guardian, the UK government is expected to reduce the amount of steel allowed to enter the country duty-free as part of a broader effort to protect the domestic steel industry from global oversupply and rising protectionism.Under the current protective regime, certain... 27.01.2026  13:00

• Interpipe: Ukrainian industry will play a leading role in post-war reconstruction Ukrainian steel pipe and railway wheel manufacturer Interpipe believes that Ukrainian industry will play a decisive role in the country's post-war reconstruction, as stated by the company's CEO Luca Zanotti during a panel discussion "From sustainability to reconstruction: what does Ukraine need to... 27.01.2026  12:00

• Egypt's Ezz Steel invests $1.16 billion over two years to expand production amid global protectionism Egyptian steel producer Ezz Steel has announced plans to invest about $1.16 billion over the next two years to expand its production capacity, according to statements from CEO Ahmed Ezz quoted in media reports.Mr. Ezz said that the investments reflect a changing global trade environment in which... 27.01.2026  12:00

• India and EU sign free trade agreement representing 25% of global GDP India and the European Union (EU) have signed a free trade agreement, Indian Prime Minister Narendra Modi said on Tuesday, January 27.Describing it as the “mother of all deals” that accounts for 25 percent of global GDP, Modi said the pact will create significant opportunities for people and bus... 27.01.2026  11:00

• Trump raises tariffs on imports from South Korea to 25% amid dispute over trade agreement ratification US President Donald Trump announced on social media that tariffs on South Korean cars, lumber, pharmaceuticals and other goods subject to mutual tariff regime will be increased from 15 to 25 percent.Trump said the decision reflected the US administration's position that trade agreements should be... 27.01.2026  11:00

• MOC: The average price of rebar in China decreased by 0.2 percent between January 12 and January 18, 2026 The Chinese Ministry of Commerce (MOC) announced that the average price of finished steel in China decreased slightly from January 12 to January 18 this year.During this period, average prices for rebar, HRC and steel channels decreased by 0.2 percent, 0.1 percent and 0.1 percent per week,... 27.01.2026  10:00

• Gross profit of Chinese steel enterprises will rise to 109.83 billion yuan in 2025 China's ferrous metal smelting and rolling sector recorded gross profit of 109.83 billion yuan (US$15.9 billion) in 2025, up 299.2 percent from gross profit of 29.19 billion yuan recorded in 2024, China's National Bureau of Statistics (NBS) announced on 27 January.The automobile sector recorded... 27.01.2026  09:00