China Baowu Considers 15-25% Interest in Jimblebar China Baowu Steel Group is considering acquiring a minority stake in BHP’s Jimblebar iron ore mine in Western Australia, potentially strengthening the Chinese steelmaker’s access to a major source of ...
Formosa Ha Tinh Restarts Blast Furnace No. 1 After Hot Blast Stove Incident Vietnam-based steelmaker *Formosa Ha Tinh Steel (FHS)* has resumed molten iron production at blast furnace No. 1 following an incident involving hot blast stove No. 3 on September 4. The blast furnace...
US Finalizes AD Review on Heavy-Walled Rectangular Pipes from Mexico The *US Department of Commerce (DOC)* has issued the final results of its administrative review of antidumping duties on heavy-walled rectangular welded carbon steel pipes and tubes from Mexico, cover...
Taiwan Basic Metal Export Orders Rise 8.4% to US$14.65 Billion in January-July Taiwan’s export orders for basic metals and basic metal products reached *US$14.65 billion in the January-July 2026 period*, increasing *8.4% year on year*. In July alone, export orders in the sector ...
Fortescue Revenue Rises 9% in FY 2025-26 Despite 15% Drop in Net Profit Australian iron ore miner Fortescue recorded *US$16.97 billion in sales revenue* for the financial year 2025-26 ended June 30, representing an increase of *9% year on year*. However, the company’s net...
Ukraine Scrap Industry Calls for End to Zero Export Quota The Ukrainian Association of Secondary Metals (UAVtormet) has urged the government to *remove the zero export quota on ferrous scrap*, arguing that domestic market conditions have changed significantl...
Hybar Adds 630,000 Short Tons of Rebar Capacity with Second Arkansas Minimill US-based steel producer Hybar LLC has selected SMS Group to supply a second CMT 550 continuous minimill at its Osceola, Arkansas, steelmaking complex. The new facility will add *630,000 short tons of ...
Euro Area Industrial Production Holds Steady in June as EU Output Rises 0.2% Industrial production in the euro area *remained unchanged month on month in June 2026*, while output across the EU increased by *0.2%*. In May, industrial production had risen by *0.3%* in both regio...
Iron Ore Prices to Fall as Ukrainian Billet Prices Rise Through 2028 ***The NBU expects iron ore prices to decline from 2027, while billet prices continue to increase*** The National Bank of Ukraine expects Ukrainian billet prices to rise 6.3% year-on-year to $494/t in...
China’s Steel Exports Fall 4.4% in January–July 2026 China’s finished steel exports declined in the first seven months of 2026, while July shipments increased year on year despite easing from the previous month. According to data from China’s General Ad...
Australia Launches Anti-Dumping Expiry Review on Hollow Structural Steel Imports Australia's *Anti-Dumping Commission* has initiated an *expiry review* of anti-dumping measures on imports of *hollow structural sections (HSS)* from *China, South Korea, Malaysia and Taiwan*. The cur...
Turkey's HRC Exports Decline in June as Weak EU Demand Weighs on Shipments Turkey's *hot rolled coil (HRC)* exports declined in *June 2026*, as weaker demand from key European markets continued to pressure overseas shipments. According to the *Turkish Statistical Institute (...
