The European Parliament gave final approval to the EU’s new steel safeguard regulation on 19 May 2026, voting 606 in favour, 16 against, with 39 abstentions, replacing the safeguard measures that expire on 30 June. The new rules cut tariff-free import quotas to 18.3 million tonnes per year, a 47 percent reduction versus 2024, and […]
India’s JSW Steel will require very little external capital to double its domestic production capacity, co-managing director Jayant Acharya told The Economic Times in remarks reported on 19 May 2026. Acharya stated Indian steel demand has grown from 100 million tonnes six years ago to roughly 160 million tonnes by the end of 2025. To […]
Iron ore CFD benchmark prices closed at USD 110.33 per tonne on 19 May 2026, down 0.19 percent day-on-day, up 3.03 percent over the prior month, and up 10.27 percent year-on-year, according to Trading Economics. The recent uptick has been supported by Chinese mill restocking, while futures softened on 15 May on high port-side inventories. […]
China’s largest steel-producing province released a modernization plan committing to certify more than 20 categories of green steel by year-end, advance 36 priority projects, and achieve breakthroughs in 25 key technologies. According to the provincial Department of Industry and Information Technology, the plan also requires the development of more than 30 new product types and […]
Tata Steel Nederland confirmed it is exploring an earlier-than-planned closure of its KGF 1 and KGF 2 coke and gas plants at IJmuiden, after the North Sea Canal Area Environmental Agency (ODNZKG) indicated its intent to revoke their operating permits. Tata noted the closure is “technically and logistically complex” given safety and environmental safeguards. The […]
Italian processor Marcegaglia raised its stainless welded pipe prices on May 18, 2026, driven by rising raw material, energy, and logistics costs, combined with CBAM pressures. This adjustment spans all structural and ornamental tubes across Europe to offset inflation. The move follows a wave of European stainless price rises after CBAM definitive-phase kick-in on 1 […]
Poland’s Military Property Agency (AMW) and state-owned coal group Węglokoks completed joint ownership of Huta Częstochowa steelworks, with the transaction finalizing 18 May 2026. This step aims to enhance state oversight of the steelworks and ensure the long-term security of production capacity for critical steel products essential to the defense sector. The proposed ownership structure […]
China launched an expanded hydrogen pilot programme covering five urban clusters under the 15th Five-Year Plan, with up to CNY 8 billion (~USD 1.17 billion) over four years and metallurgy among the priority sectors. The programme aims to reduce hydrogen prices from CNY 35–50/kg today toward CNY 25/kg by 2030. Hydrogen metallurgy currently requires CNY […]
Tata Steel reported a 125 percent year-on-year jump in Q4 FY2025/2026 consolidated net profit to ₹2,926 crore (USD ~350 million), released to the National Stock Exchange of India on 15 May 2026, with the board recommending a dividend of ₹4 (~USD 0.05/share) per equity share. Consolidated revenue rose 12.5 percent year-on-year to ₹63,270 crore (~USD […]
The December 2026 EU ETS allowance contract traded between €74 and €77 per tonne in the first half of May 2026, according to ICE settlement data, after a brief spike above €92 in January. The price stability follows EU Commission signals on adjusting the Market Stability Reserve. Quarterly CBAM certificate prices for Q1 2026 are […]
Commodity trader Glencore launched deep-water scrap-metal shipments from the EU to Türkiye in June 2026, partnering with Polish transshipment firm Lebal. Türkiye is the world’s largest ferrous scrap importer, with annual imports of 18–20 million tonnes feeding its predominantly EAF-based steel sector. The country sources from the US, EU, Baltic states, and UK. The shipment […]
European Union direct-reduced iron imports plunged 68 percent year-on-year in January–February 2026, reflecting weaker steelmaker procurement and structural delays in DRI-EAF conversions. The data follows ArcelorMittal’s halt of €1.3 billion in DRI-EAF investments at Bremen and Eisenhüttenstadt earlier in the year. Despite this, the structure of supplies continued to evolve. The EU increasingly replaced Russian […]
Ukrainian Railways (Ukrzaliznytsia) is considering sourcing rails from UK’s British Steel, an item surfaced as the UK government continues to weigh full nationalization of the Jingye-owned producer. British Steel’s Scunthorpe rails capacity remains operational, supported by UK government measures including the UK Steel Industry (Special Measures) Act 2025, as the UK weighs options for the […]
Stegra reached agreement with all lenders behind more than €4 billion in senior and junior facilities to release approximately €1.5 billion of previously blocked credit lines for its Boden hydrogen-DRI plant, layered on April’s €1.4 billion Wallenberg-led equity round. The agreement includes a payment-in-kind arrangement allowing temporary debt-funded interest payments. Senior lenders include the European […]
Sweden’s steel consumption is forecast to rise 3 percent in 2026 to 3.4 million tonnes, supported by wind-turbine replacement, defence spending and grid build-out. State-owned Vattenfall’s 2026–2030 capital plan totals SEK 165 billion (~€15.5 billion), of which approximately SEK 59 billion is allocated to new wind power. State-owned Svenska Kraftnät is channelling hundreds of millions […]
Canadian producer Algoma Steel released its Q1 FY2026 results and forward update on 13 May 2026, confirming continued progress on transitioning to electric-arc-furnace steelmaking at Sault Ste. Marie, Ontario. According to Algoma’s earlier Q1 release, the EAF transition will reduce carbon emissions by approximately 70 percent versus its legacy integrated steelmaking — equivalent to removing […]
Independent research from SNS Insider released on 14 May 2026 projects the global hydrogen pipeline market reaching USD 63.9 billion by 2035, with fixed pipelines accounting for approximately 72 percent of 2025 market share. Steel mills and refineries are among the leading hydrogen-transport demand sources. Dedicated 4-inch hydrogen pipelines are estimated at USD 0.24/kg transport […]
The European Commission published the draft CBAM implementing act on 13 May 2026, opening a four-week public consultation closing 10 June 2026, defining requirements to qualify for deductions on carbon prices paid outside the EU. The deductions mechanism ensures that carbon prices paid in international jurisdictions can be netted against EU CBAM liabilities, supporting WTO […]
Nippon Steel announced on 11 May 2026 that its net sales for the 2025/2026 fiscal year reached ¥10 trillion (USD 63.7 billion), a record high driven by the integration of US Steel. Revenue rose 15.7 percent year-on-year. However, net profit plunged 88 percent to ¥44.75 billion (USD 283 million), down from ¥383 billion a year […]
UAE-based EMSTEEL and industrial gas company Gulf Cryo signed a strategic Memorandum of Understanding to develop an integrated CCUS value chain across EMSTEEL operations. The signing took place at Make it in the Emirates 2026 in the presence of EMSTEEL Group CEO Saeed Al Remeithi and Gulf Cryo CEO Ranjith Nair. The partnership covers capture […]
University of Hong Kong researchers found a new stainless steel — SS-H2 — that resists corrosion in seawater electrolysers up to 1,700 mV, roughly double the limit of incumbent 254SMO super-stainless. The dual-passivation mechanism (chromium oxide plus manganese-based film) could replace costly titanium and platinum-gold structural components in electrolyser stacks, reducing CAPEX for hydrogen production. […]
