Metallurgy news
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Algoma Steel suspends EDP production due to unplanned power plant shutdownAlgoma Steel Group Inc., a Canadian company, announced on August 17 that its Lake Superior Power (LSP) plant in Sault Ste had an unplanned outage. Marie, Ontario, forced the suspension of production at its electric arc furnace (EDP)).According to the company, a malfunction was detected on one of…
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The price of copper has increased by about 16 since the beginning of the year.%Copper prices are approaching record levels amid data on a reduction in stocks of this metal in warehouses. They are one step away from the historical maximum recorded in January at $14,527 thousand per ton.Copper stocks in warehouses monitored by the LME have almost halved over the past three…
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Car production in Turkey decreased by 8.1% in January-July 2026In July of this year, car production in Turkey totaled 103,817 units, down 19.2% year-on-year and 16.7% month-on-month, according to monthly statistics released by the Association of Turkish Automobile Manufacturers (OSD). For the period from January to July of this year, the volume of passenger…
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Missile attack on Arcelormittal Kryvyi Rih partially halted production"ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of ArcelorMittal with headquarters in Luxembourg, announced that a rocket attack had been launched at its plant overnight, damaging two blast furnaces and one power plant, which led to a partial shutdown of production processes at the plant.The…
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The total volume of steel exports from Ukraine in January-July 2026 decreased by 4.9%According to data published by the Ukrainian Metallurgical Association Ukrmetallurgprom, for the period from January to July of this year, the total steel production in Ukraine amounted to 3.32 million tons, compared with 3.62 million tons for the same period in 2025. About 2.08 million tons, or…
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How does the European market feel about the changes in the quota system?The new protective measures of the European Commission, which entered into force on July 1, had a significant impact on the steel market due to the restructuring of quotas for specific countries, the introduction of additional quota mechanisms under free trade agreements (FTAs), and an increase in…
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Domestic steel consumption in Japan increased by 4.9% in January-June 2026According to data released by the Japanese Federation of Ferrous Metallurgy (JISF), in June of this year, domestic consumption of steel products in Japan amounted to 3.76 million metric tons, up 5.2% from the previous month and up 3.7% year-on-year. Meanwhile, in the first six months of 2026, the…
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Borusan Berg Pipe continues to strengthen its presence in the USA with new ordersTurkish steel pipe manufacturer Borusan Birleşik Boru Fabrikaları Ticaret A.Ş. (Borusan Boru) announced that its American subsidiary Borusan Berg Pipe has received new sales orders worth about 360 million dollars after commercial negotiations in the United States.According to the company's…
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BlueScope's net profit will grow sharply in fiscal year 2025-26 amid rising steel prices in the United StatesAustralian steel producer BlueScope Steel has released financial and operating results for the fiscal year ended June 30. 2026. The company's net profit amounted to 802 million Australian dollars, an increase of 857 percent in year-on-year, while core EBIT increased from AUD$738.2 million in the…
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Indian company Jindal Stainless Limited invests $94 million in increasing cold rolling capacityIndian company Jindal Stainless Limited (JSL) is investing about $94 million to increase its cold rolling capacity to meet the growing demand for products in sectors such as automotive, home appliance manufacturing and food processing, the company's managing director Abhyudey Jindal said in a…
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