Metallurgy news
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Steel Dynamics expects to increase profits in the second quarter of 2026 due to improved performance in the steel segmentSteel Dynamics, Inc. has released a profit forecast for the second quarter of 2026, predicting stronger results for most of its business compared to the first quarter, led by improved productivity in the steel industry.Steel mills are expected to generate "significantly" higher profits, with…
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Exports of steel sheets/plates from China fell by 13.9 percent in January-May 2026According to Chinese customs authorities, China's steel sheet exports totaled 20.06 million tons in January-May this year, down 13.9 percent year-on-year, 2.7 percentage points slower than the decline recorded in the first four months of this year.In May alone, China's steel sheet exports totaled…
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Japan has made a preliminary decision to impose anti-dumping duties on stainless steel imports from China and Taiwan.The Ministry of Finance of Japan and the Ministry of Economy, Trade and Industry of Japan have made a preliminary decision to impose anti-dumping duties on imports of coils, sheets and strips of cold-rolled stainless steel with added nickel from China and Taiwan following an investigation launched…
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The second Liberty Galati auction failed as the debt burden weakens investor interestOn June 19, Liberty Galati failed to attract a buyer at the second auction, despite a significant reduction in the starting price. The auction was launched with the liquidation value of Liberty Galati at 444 million euros, compared with about 709 million euros in the first tender, while the total…
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Nippon Steel sees potential for US Steel earnings to beat forecasts amid strong US marketNippon Steel Vice Chairman Takahiro Mori said strong demand and tariff protection in the U.S. steel market could allow U.S. Steel to beat current profit forecasts, according to a Reuters report.Mori said he expects U.S. Steel to generate profits of more than 100 billion yen ($619.93 million) this…
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Gerdau will assume full control of the COPEL hydroelectric power plant in BrazilBrazil's largest producer of iron ore and steel, Gerdau, has submitted a binding offer and entered into a share purchase agreement with the Brazilian electric power company Companhia Paranaense de Energia (COPEL) to acquire COPEL's entire stake in the Dona Francisco Energética S.hydroelectric plant…
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Hyundai Steel signs agreement with LSU to conduct studies on Louisiana steel mill projectSouth Korean company Hyundai Steel announced it has signed a master research agreement with Louisiana State University (LSU) to support technology development and workforce training for a planned $5.8 billion steel mill project in the US state of Louisiana.The agreement will allow Hyundai Steel and…
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Voestalpine plans to fully electrify steel production in Donawitz by 2030.The Austrian steel company Voestalpine has announced plans to further expand the production of decarbonized steel at its Donawitz plant with the aim of fully switching to electrified steel production by 2030.This strategy follows the planned commissioning of an electric arc furnace (EDP) in 2027…
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Kardemir has signed a contract for the export of railway wheels worth $ 2.25 million in the Czech RepublicTurkish integrated long products manufacturer Kardemir Karabuk Demir Celik Sanayi ve Tijaret A.S. (Kardemir) has announced that it continues to advance its export-oriented growth strategy in high-value-added product segments, while expanding the global reach of its products to the railway…
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South Korea imposes temporary AD duties of up to 33.67 percent on Chinese-coated steel importsThe South Korean Ministry of Strategy and Finance has imposed temporary anti-dumping duties on imports of some Chinese coated steel products with rates ranging from 22.34% to 33.67% following a preliminary ruling by the Korean International Trade Commission on damages.According to the commission…
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