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...
Brazil’s Finished Steel Trade Gap Expands Sharply in August Brazil’s finished carbon steel trade deficit widened significantly in August 2026 as exports fell sharply while imports remained at relatively high levels, according to data from the country’s foreign...
Federacciai Warns High Energy Costs Could Disrupt Italian Steel Output Italian steelmakers could face production disruptions and potential plant shutdowns if electricity and natural gas prices continue to rise, according to industry association Federacciai. The associati...
Western Mining Secures License for Qinghai Polymetallic Mine China’s Western Mining Co. has secured a mining license for the Tawenchahan iron polymetallic mine in Golmud City, Qinghai province, through its wholly-owned subsidiary Qinghai Ganxin Mining Developme...
HKM Ends 53-Year Run of Blast Furnace A in Duisburg Germany-based Hüttenwerke Krupp Mannesmann (HKM), a subsidiary of Salzgitter AG, has permanently shut down blast furnace A at its Duisburg plant after more than *53 years of production*, marking anoth...
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...
