Metallurgy news
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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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SAIL Rourkela Steel Plant Exceeds Design Capacity on Sheet Mill Supplied by DanieliAccording to a statement released by Danieli Technologies, the Indian state-owned Steel Authority of India limited (SAIL) Rourkela Steel Plant (RSP) has achieved new operational records with a new 4.3 meter wide sheet mill supplied by Italy's Danieli Technologies.The sheet mill, designed to produce…
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TUIK: The cost of steel exports from Turkey decreased by 3.6 percent in January-April 2026According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in April of this year, Turkey's foreign trade deficit decreased by 29.8 percent to $8.50 billion compared to April 2025. In the first four months of this year, Turkey's foreign trade deficit…
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TUIK: In January-April 2026, the cost of steel imports to Turkey increased by 4.4 percentThe value of Turkey's iron and steel imports rose 3.7 percent year-on-year to $2.05 billion in April this year, according to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). This month, iron and steel ranked as the country's fifth most imported commodity by…
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