Metallurgy news
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POSCO completes South Korea's largest EAF at Gwangyang Steel PlantSouth Korean steel company POSCO announced that it has completed construction of a new electric arc furnace (EAF) at its Gwangyang steel plant in South Jeolla Province and is preparing to begin large-scale production of low-carbon steel as part of its decarbonization strategy.The new facility has…
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Scrap metal imports to Pakistan increased by 19.6 percent in May 2026 compared to AprilPakistan's scrap metal imports totaled 239,758 tons in May this year, up 19.6 percent from April and down 25.3 percent year-on-year, according to data released by Pakistan's Federal Bureau of Statistics (PFBS). The value of these imports in this month was $135.63 million, an increase of 16.2…
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Shipments of CR steel strips in Japan decreased by 14.8 percent in April 2026 compared to MarchIn April of this year, shipments of cold-rolled rolled products and strips to Japan decreased by 14.8 percent compared to the previous month and 0.3 percent year-on-year, amounting to 347,530 metric tons. 56.5 percent of shipments were made to the domestic market, and the remaining 43.5 percent…
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ArcelorMittal, thyssenkrupp and Voestalpine call for EU ETS reform to protect steel industry competitivenessArcelorMittal Europe, thyssenkrupp Steel and Voestalpine have jointly called for reform of the EU's Emissions Trading System (ETS), arguing that the current structure risks undermining the competitiveness of Europe's steel industry.The companies said they remain committed to decarbonizing their…
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Coke production in China increased by 1.9 percent in January-May 2026In January-May of this year, China's metallurgical coke production amounted to 210.37 million tons, an increase of 1.9% year-on-year, as announced by the National Bureau of Statistics of China (NBS).During the specified period, the volume of raw coal production in China amounted to 1.98043 billion…
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NBS: Prices for new housing in China's first-tier cities increased by 0.2% in May 2026 compared with AprilIn May of this year, out of 70 surveyed large Chinese cities, new housing prices in first-tier cities increased by 0.2 percent month-on-month, compared with an increase of 0.1 percent in April, while they decreased by 1.7 percent year-on-year, which is 0.4 percentage points slower compared to the…
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Brazil's CRC exports and imports fell in May amid weak Argentina-China tradeBrazilian cold rolled coil (CRC) exports fell in May amid falling trade with Argentina and China, according to Secex, the foreign trade secretariat of the Ministry of Development, Industry and Foreign Trade.In May, Secex reported that Brazil exported 3,000 tons of CRC and imported 8,600 tons…
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Turkish steel exporters are monitoring changes in EU quotas, the risks of supplies to the Middle East, and Ukraine's recovery opportunities.An industry meeting held online by the Turkish Steel Foreign Trade Association on June 18 discussed expected quota changes in Europe from July 1, supply instability in the Middle East due to the Strait of Hormuz, the opportunities that the process of rebuilding Ukraine could create for the Turkish…
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Egyptian SteelCon signs $2 million plant project for East Port Said Industrial ZoneThe General Directorate of the Suez Canal Economic Zone announced the signing of an agreement with the Egyptian construction and metallurgical company SteelCon on the establishment of a new production facility in the industrial zone of East Port Said with investments totaling $ 2 million.The new…
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IEEFA: Electrolyzer efficiency is the key to competitiveness of Australian environmentally friendly cast ironA new report from the Institute for Energy Economics and Financial Analysis (IEEFA) claims that improving the efficiency of electrolyzers has become more important than reducing the cost of electrolyzers for the development of the environmentally friendly iron industry in Australia.Australia is…
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