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News
MMK Group's steel sales rebound in Q2 2026, H1 EBITDA falls amid lower prices
2+ day, 19+ hour ago (209+ words) Russia-based steelmaker MMK Group has announced its operating and financial results for the second quarter and first half of 2026, indicating a quarter-on-quarter recovery in steel production and sales amid seasonally stronger demand, while lower selling prices continued to weigh on…...
Severstal starts commissioning of $1.48 billion iron ore pellet plant
6+ day, 17+ hour ago (193+ words) Russian steelmaker Severstal has started commissioning the first indurating machine at its new iron ore pellet plant, with hot testing and initial production scheduled for the third quarter of 2026. The RUB 116 billion ($1.48 billion) project will support Severstal’s environmental and operational…...
Tokyo Steel swings to operating loss in Q1 FY 2026-27 amid higher scrap costs
6+ day, 17+ hour ago (385+ words) Japanese electric arc furnace-based steelmaker Tokyo Steel Manufacturing has announced that it recorded a non-consolidated operating loss of JPY2.31 billion in the first quarter ended June 30 of the fiscal year 2026-27, compared to an operating profit of JPY4.77 billion in the same period…...
Chiyoda Steel nears launch of Japan’s first endless rebar rolling line
6+ day, 19+ hour ago (151+ words) Japanese electric furnace-based rebar producer Chiyoda Steel Industry has nearly completed construction of its new steelmaking and continuous casting facilities at the Ayase plant in Tokyo, aiming to launch Japan’s first endless casting and rolling operation for rebar, according to…...
Feralpi completes investment cycle as output and earnings improve, but Europe’s steel industry remains under pressure
1+ week, 3+ day ago (880+ words) Italian steelmaker Feralpi Group increased production, revenue and profitability in 2025 while completing a three-year investment programme worth more than €500 million, positioning the company to benefit from future market opportunities despite the challenging outlook for the European steel industry. Feralpi produced…...
Outokumpu orders twin ladle furnace upgrade for Alabama stainless steel plant
1+ week, 4+ day ago (215+ words) Finland-based stainless steel producer Outokumpu has awarded Primetals Technologies an order to upgrade a ladle treatment stand at its Calvert plant in Alabama to a 180 mt twin ladle furnace, with startup scheduled for March 2028. Replacing equipment commissioned in 2012, the new…...
UK Steel Industry Bill clears House of Lords
1+ week, 4+ day ago (231+ words) The UK Steel Industry (Nationalisation) Bill has completed its third reading in the House of Lords, marking the final stage of its examination in the upper chamber before returning to the House of Commons, the UK Parliament stated. The legislation…...
Jingye seeks compensation from UK over British Steel takeover
1+ week, 5+ day ago (150+ words) China’s privately owned steelmaker Jingye Steel has stated that it will seek “prompt, adequate and effective” compensation from the UK government for its investment in British Steel after the government assumed operational control of the company, according to a report…...
Stegra urges EU to preserve strong ETS ahead of review
2+ week, 2+ day ago (146+ words) Sweden-based green steel producer Stegra has called on the European Union to maintain its current climate policy framework, arguing that the EU Emissions Trading System (EU ETS) has played a key role in enabling the investments currently transforming the European…...
Poland’s Węglokoks updates steel investment plan with projects worth over about $132 million
2+ week, 2+ day ago (329+ words) Poland-based coking coal exporter Węglokoks has signed an amendment to its investment agreement, adopting an updated business plan for the development of its steelmaking segment with planned investments exceeding PLN 500 million (about $132 million), according to the statement from the Polish…...