Metallurgy news

• African Industries to build Nigeria's largest solar-powered steel mill According to media reports, Nigerian-based steel company African Industries Group has acquired 500 hectares of land in the Nigerian state of Niger to build what is expected to be the country's largest solar-powered steel mill.The land allocation was approved by the Government of Niger State as part... 08.07.2026  19:00

• Potential strike at BHP's Port Hedland facilities threatens iron ore exports Hundreds of workers at the Australian mining company BHP's Port Hedland iron ore facility in Western Australia may stage an eight-hour work stoppage on July 16, after six months of unsuccessful negotiations on a new four-year labor agreement, according to union officials, according to a Reuters... 08.07.2026  18:00

• IMF: Global economy to grow by three percent in 2026 due to war and rising energy prices According to data from the International Monetary Fund (IMF) for July 2026, global economic growth is projected at three percent in 2026 and 3.4 percent in 2027, compared with an average of 3.5 percent in 2024-2025.The IMF said the slowdown reflected the negative impact of the war in the Middle... 08.07.2026  18:00

• Severstal may cut investments by 24% in 2027 amid weak demand for steel Russian steelmaker Severstal may cut its 2027 investment program by another 24 percent, to about 85 billion rubles ($1.1 billion), as a result of weaker demand for steel, according to Russian media reports.The planned cuts are intended to help the company maintain positive free cash flow. The... 08.07.2026  16:00

• IREPAS: The global long position market is in danger of further decline, although geopolitical shifts may signal a turning point According to the latest report published by IREPAS, the global association of long products exporters and manufacturers, the global business environment in the long products sector has experienced another downturn: growing difficulties are compounding market difficulties. However, the apparent... 08.07.2026  16:00

• Greensteel Australia to build the country's first all-electric steel mill The Australian steel company Greensteel Australia has announced that it will invest 500 million Australian dollars in the construction of the country's first new steel mill in more than 30 years. The company has acquired a 70,000 square meter site in Mayfield North and plans to start work on the... 08.07.2026  15:00

• Eclant will launch Russia's first large-capacity DRI-EAF steel mill in the fourth quarter of 2026 The Russian company Eclant has announced that it has presented its green steel project at the Innoprom exhibition in Yekaterinburg. The plant, currently under construction in Vyksa, Nizhny Novgorod region, is scheduled to begin in the fourth quarter of 2026.According to the company, the project... 08.07.2026  15:00

• Australia expects iron ore exports to peak and then decline due to weakening demand in China Australia remains the world's largest holder of iron ore resources and the largest producer, exporting 923 million tons of iron ore in 2025, according to a quarterly forecast report from the Australian Ministry of Industry, Science and Resources.Although export volumes are expected to increase in... 08.07.2026  14:00

• Fenix Resources reports record quarterly iron ore production in the June quarter of 2026 The Australian mining company Fenix Resources Limited has published a quarterly report for the three months ended June 30 this year. In this quarter, the company produced about 1.29 million tons of iron ore, which is 70.9 percent more than a year earlier. The company reached a record production... 08.07.2026  14:00

• Freight traffic on China's Daqin Railway increased by 7.96 percent in the first half of 2026 The volume of freight traffic on the Daqing Railway in China in the period from January to June this year amounted to 204 million tons, which is 7.96 percent more than last year.In June alone, the volume of freight traffic on the Daqing Railway amounted to 36.89 million tons, which is 13.79 percent... 08.07.2026  13:00