Hadeed CEO Takes Helm of World Steel Association for 2026-2027 The World Steel Association (worldsteel) has elected *Abdulqader Almubarak*, CEO of Saudi Iron and Steel Company (Hadeed), as its new chairman for the *2026–2027 term*, following elections held on Oct...
US Steel Imports Rise 7.2% in August as Semi-Finished and Flat Products Gain US steel imports reached *2.21 million mt in August 2026*, increasing *7.2% month on month* and *29.8% year on year*, according to preliminary census data from the US Department of Commerce. The total...
Brazil’s Heavy Plate Exports Quadruple in September on Renewed US Demand Brazil’s heavy plate exports surged to *11,100 mt in September 2026*, up from *2,700 mt in August*, according to data from the country’s foreign trade secretariat SECEX. The increase was primarily dri...
Hertha Metals Launches Construction of High-Purity Iron Facility in Texas US-based Hertha Metals has broken ground on its *$100 million Chalyx plant* in Conroe, Texas, marking a step toward expanding domestic production of high-purity iron for rare-earth magnets and steel m...
Vietnam’s Steel Imports Decline in September Despite Year-to-Date Growth Vietnam imported 1.21 million mt of steel in September 2026, down 11.0% month on month, while scrap imports increased 27.2% to 485,080 mt, according to data from Vietnam’s General Department of Custom...
European Industry Coalition Urges Tougher Action Against Unfair Trade A coalition of *44 European industry organizations*, including the European Steel Association (EUROFER), has called for stronger EU trade defense measures to address unfair competition, global overcap...
China’s Heavy Truck Market Grows 13% in First Nine Months of 2026 China’s heavy truck sales increased *13% year on year to 926,000 units* in the January-September period of 2026, according to preliminary data from Chinese automotive industry information provider cvw...
UAE Restricts Port Access for Hundreds of Seagoing Vessels The United Arab Emirates has introduced a broad maritime restriction barring hundreds of seagoing vessels from entering its waters and ports, with Iranian-flagged ships featuring prominently on the li...
New EUROFER President Pushes for Stronger Markets for European Steel The European Steel Association (EUROFER) has elected *Geert Van Poelvoorde*, chairman of the board of ArcelorMittal Europe Steel, as its new president, effective October 1. Van Poelvoorde takes office...
Turkey’s Automotive Market Contracts in First Nine Months of 2026 Turkey’s domestic automotive market continued to weaken in the first nine months of 2026, with combined passenger car and light commercial vehicle sales falling 13.4% year on year to 803,465 units, ac...
Algoma Steel Forecasts Q3 Loss as Power Outage Hits EAF Operations Canada-based Algoma Steel expects to report negative adjusted EBITDA for the third quarter of 2026 after an unplanned power outage temporarily constrained electric arc furnace (EAF) production. For th...
Cabo Verde Halts Iron Ore Production as Freight Costs Squeeze Margins Brazilian iron ore miner Cabo Verde Mineração has reportedly halted operations at its Catumbi mine in southern Minas Gerais as rising Brazil-China freight rates and weak iron ore prices put pressure o...
