Metallurgy news

• The court authorized a joint auction of AHMSA and Minosa for 1.33 billion dollars The Second District Commercial Bankruptcy Court in Mexico has authorized the joint sale of Mexican steel company Altos Hornos de Mexico (AHMSA) and its subsidiary Minera del Norte (Minosa) for a total of $1.326 billion, according to local media reports.The decision approves the revised proposal... 05.06.2026  15:00

• Fives will supply annealing furnaces for JSW Steel's new electrical steel lines in India French mill Fives Group has announced the signing of a landmark contract with Indian steelmaker JSW Steel for a new electrical steel project in India.According to a statement from Fives Group, the project will be implemented at JSW Steel's Vijayanagara plant in Thoranagallu, Karnataka, and will... 05.06.2026  14:00

• Domestic sales prices of Turkish metal producers increased by 2.15% in May 2026 compared to April According to statistics released by the Turkish Statistical Institute (TUIK), in May this year, the domestic producer price index (PPI) for the Turkish industry as a whole increased by 2.75 percent month-on-month and 28.93 percent year-on-year, while an average increase of 26.96 percent was... 05.06.2026  14:00

• The Chinese company Angang Guangzhou released the first coil on a new galvanizing line SMS Group's German plant announced that the first coil has been successfully produced by China's Angang Guangzhou Automotive Steel Co., Ltd.'s new hot-dip galvanizing line No. 2, 40 days ahead of the official schedule.This milestone marks the delivery of the second continuous galvanizing line... 05.06.2026  13:00

• SSAB expands steel powder production capacity in Oxelosund Swedish specialty steel manufacturer SSAB has announced plans to expand its steel powder manufacturing facility in Oxelosund, which will enable commercial production and strengthen its position in the growing additive manufacturing market.The project will increase SSAB's capacity to about 350 tons... 05.06.2026  13:00

• T&E: Low carbon steel loans could create leading market for European clean steel European NGO Transport and Environment (T&E) says low-carbon steel credits under the EU's vehicle carbon emissions framework could play a crucial role in creating a leading market for clean steel in Europe, helping steelmakers secure demand certainty while accelerating investment in... 05.06.2026  12:00

• OECD: Global steel trade is changing as China's exports hit record levels despite weak global trade The Organization for Economic Cooperation and Development (OECD) said in its Steel Outlook 2026 report that global steel trade is undergoing major changes as global steel exports declined in 2025, while China increased its shipments to record highs, helped by weak domestic demand, low export prices... 05.06.2026  12:00

• India's NMDC limited plans to invest $5.22 billion over three years to double iron ore production and diversify. India's state-owned mining company NMDC limited has approved plans to invest about $5.22 billion over the next three years to nearly double its iron ore mining capacity, expand its coal mining operations and acquire important mineral assets overseas, company managing director Amitava Mukherjee said... 05.06.2026  11:00

• EMR suspends Camden shredder in the USA after another fire European Metal Recycling (EMR) said it suspended operations of its scrap metal shredder in Camden, New Jersey, on May 29 after a fire broke out at the facility early in the morning with two alarms. The fire started in the 1400 block of South 2nd Street, on the territory of the EMR company in the... 05.06.2026  11:00

• China SAE: NEVs will account for 70% of new passenger car sales by 2030 Hou Fusheng, vice chairman and secretary general of the Chinese Society of Automotive Engineers, said at the 33rd Annual Congress and Exhibition of the Society of Automotive Engineers of China (SAECCE 2026) and Automotive Innovation Technology Exhibition (AITX) press conference that by 2030, new... 05.06.2026  10:00