Weekly raw steel production in the US for the week ended 19 April was 1.682 million...
A fire broke out at ArcelorMittal's Long Products Canada headquarters in Quebec on Sunday, Kallanish learns....
GrafTech International is under written notice from the New York Stock Exchange (NYSE) about potential delisting...
US construction hiring increased in 31 states in March compared with year-earlier levels, led by gains...
The seaborne iron ore market has achieved a modest rebound, buoyed by growing anticipation ahead of...
Bahrain is known to be rich in fossil fuels. However, its natural gas reserves may run...
Approaching May trading, market participants increasingly expect a gradual weakening in scrap prices in the US...
Secondary rebar mills, despite having announced a rollover from April, and traders in the United Arab...
Saudi medium and small rebar producers, along with induction furnace route and rebar re-rollers, have cut...
Scrap prices in the Benelux region have continued their gradual decline, driven by a sharp downturn...
India has raised concerns with the US over the recent re-imposition of duties on steel and...
India has remained a net importer of finished steel in the fiscal year ended in March...
India is on track to achieve steel production capacity of 300 million tonnes/year and a per-capita...
Japan's Chiyoda Steel has started the installation of a new ladle furnace, a single-strand caster and a endless...
Chinese rebar and hot rolled coil futures finally have rebounded from a seven-month low after five...
Spot Tangshan billet resources have remained tight in the recent week as some mills' billet supplies...
South Korea industrial giants Posco Group and Hyundai Motor Group have signed a comprehensive memorandum of...
French pipemaker Vallourec has secured a major oil country tubular goods (OCTG) order worth over $250...
ArcelorMittal Nippon Steel India (AMNS India) has commissioned its first scrap processing facility at its Khopoli...
Driven by exports, Japan's steel orders saw significant growth in February both month-on-month and year-on-year, according...
State-owned manganese miner Manganese Ore India Ltd (MOIL) is planning to enter the iron ore mining...
Tokyo Steel is reducing prices of section steel, thick plate, U-shaped steel sheet pile for May...
The Indonesian Nickel Miners Association (APNI) has urged the government to re-evaluate new royalty implementation. The...
Coal miner Yancoal Australia has maintained its full-year saleable production guidance at 35-39 million tonnes, Kallanish...
Australia-listed coal miner Aspire has completed geophysical and geotechnical surveys at the site of its proposed...
Australia-listed miner Grange Resources has seen 6% increase in its ore reserve in Southdown magnetite project...
Hebei Puyang Iron and Steel Group subsidiary Zhongpu Electromagnetic Materials Technology Co Ltd has launched the...
It is “becoming increasingly clear” that transformational, low-emission ironmaking investments are only likely to be economical...
The number of active US oil and gas rigs increased by two week-on-week, bringing the total...
The fragmentation of the global trading system has increased the spotlight on national security concerns, which...
The Canada Border Services Agency says a Turkish supplier of corrosion-resistant (CORE) steel sheet is deemed...
A US Occupational Safety and Health Administration (OSHA) investigation into the August 2024 fatality at the...
First-quarter output at Iron Ore Co of Canada (IOC) is down from year-ago levels, Kallanish learns...
Vietnam's Hoa Phat Group has delivered a strong start to 2025, posting net profit of over...
The seaborne iron ore market has exhibited limited fluctuations over the past week, with a lack...
Activity in the Turkish scrap market has remained limited over the past week, pressured by a...
Egyptian and Algerian producers are quoting rebar and wire rod at prices broadly in line with...
Turkish merchant bar producers have decreased their prices further amidst slowed demand and lower raw material...
Germany’s sheet forming industry is mostly pessimistic about business this year, according to a survey by...
Italian wire rod prices remain stable in comparison to the start of the month, Kallanish notes....
United Arab Emirates benchmark mill Emirates Steel (ESI), a wholly-owned subsidiary of state-owned Emsteel, has kept...
Russian steelmaker NLMK Group, whose flagship asset is Novolipetsk Steel, reported a 42% on-year drop in...
China's hot rolled coil futures have fallen for five consecutive trading days, impacting spot prices,...
China-based Shougang Group’s listed company reported a challenging 2024 shaped by continued structural shifts in domestic...
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) increased its first-quarter steel production by 8.6% quarter-on-quarter...
Italian rebar prices declined approximately €10/tonne ($11) on-week. The ongoing low level of market activity, which...
Chinese wide-width hot rolled coil may be shut out from Vietnam within months if Vietnamese producers...
The Monetary Policy Committee (MPC) of the Central Bank of Egypt has lowered overnight interest rates by...
China's construction steel market remained stable last week, although March data showed a significant rebound in...
The big three credit rating agencies have each issued an optimistic credit outlook for Vallourec, attributing...
The first-round coke price increase was fully implemented last Tuesday, but market participants are sceptical of...
Seaborne coking coal pricing continues its uptrend during the week ended 18 April amidst supply disruption....
Malaysia-based manganese alloy firm Pertama Ferroalloys has secured $20 million in funding from Export-Import Bank of...
Australian iron ore producer Fortescue has signed a major contract with Swedish mining equipment manufacturer Epiroc...
Australian miner Grange Resources saw its iron ore pellet production increase by 5% year-on-year to 2.47 million...
Australia-listed miner CZR Resources’ board has unanimously recommended an offer from the Robe River Joint Venture...
Baoshan Iron & Steel Co. (Baosteel) says it will spend CNY 9 billion ($1.2 billion) to...
Pricing for domestically produced OCTG in the US is flat again this week, with market participants...
Insteel Industries posted a surge in earnings during its fiscal second quarter, and it anticipates a...
California Steel Industries (CSI) is investing in a continuous galvanizing line to meet growing construction materials...
US new construction data for March show a month-on-month increase in building permits, a decrease in...
The UK hot rolled coil market was quiet in the shorter working week to 17 April,...
The seaborne iron ore market saw mild fluctuations on Thursday, although sentiment among market participants remained...
Climate Group’s SteelZero alliance of companies has called on the UK government to implement a “clear...
Turkish pipe producers have kept their export quotes mostly stable this week, although buyers’ price targets...
Passenger car production at German assembly lines reached 391,300 units in March, up 8% on the...
Italian steelmaker Arvedi has invested €325 million ($369m) in Acciai Speciali Terni (AST) since it acquired the...
China's wire rod export market saw downward price adjustments this week, driven primarily by RMB depreciation linked to renewed turbulence from the ongoing US-China trade tensions.
The weakening of the yuan has eroded export margins and added uncertainty to export transactions, prompting mills to revise their offers downwards.
On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $470/tonne fob China, down $15/t week-on-week. The most-traded, May 2025 rebar contract meanwhile closed at CNY 3,092/t ($423/t), down by CNY 47/t from a week before.
Adding to the pressure, demand from key Southeast Asian buyers softened as the region entered the Easter holiday period. The temporary slowdown in procurement interest has further weighed on sentiment, limiting support for prices.
A major northern China steelmaker lowered its wire rod export offer to $470/t fob China, Kallanish reports, while other domestic mill quotes hovered at around $465/t fob. Notably, speculative activity has cooled significantly, with few short-selling offers seen in the market amid heightened volatility.
Market dynamics were also influenced by China Customs stepping up checks against VAT-evading wire rod exports, effectively reducing the availability of ultra-low-priced material. As a result, many traders withheld public offers, opting instead for direct negotiations on confirmed orders with established buyers.
With the holiday lull continuing and geopolitical uncertainty unresolved, market volatility is expected to persist in the near term.
Turkish long steel producers have further decreased their prices this week, by a significant margin, amid...
Turkey's MMK Metalurji, a subsidiary of Russian steelmaker MMK, reported no steel output in the first...
Salzgitter units will supply spiral-welded large-diameter pipe and pipe fittings for the Quilonga Grande water supply...
Liberty Steel’s Magona re-rolling facility in Piombino is facing potential bankruptcy, as efforts to secure a...
Imported scrap offers into India have declined by $5-10/tonne this week, with expectations of further softening...
AMNS India plans to invest up to INR 2.6 trillion ($30.4 billion) to expand its production...
South Africa's Merafe Resources Limited (MRL) saw attributable ferrochrome production from the Glencore Merafe Chrome joint...
Spanish stainless steel tube manufacturer Transmesa is investing €15 million ($17.03 million) to expand its Sant...
Brazilian iron ore miner Mineração Morro do Ipê (MMI) will invest BRL 200 million ($34.1m) to...
Mexican high-strength structural steel production increased month-on-month in February but was weaker year-on-year. Merchant bar output...
Argentinian crude steel output increased sequentially in March and was higher year-on-year. Finished steel production followed...
Concerns over the capabilities of electric arc furnace steelmaking are “increasingly outdated”, Kallanish learns from a...
Australia-listed emerging African iron ore exploration and development company Genmin has signed a binding memorandum of...
Italian state investment firm Invitalia is set to acquire a minority stake in the forthcoming entity that...
The billet import market remains quiet in ASEAN this week, Kallanish notes. Most suppliers are maintaining...
UK-based clean technology company Altilium has started construction of the country’s first at-scale EV battery recycling plant with integrated chemical refining capabilities.
The so-called ACT 3 scale-up plant, located in Plymouth, southwestern England, will serve as a blueprint for its planned ACT 4 “mega-scale” refinery later this decade. Once operational, ACT 3 will recycle materials from 24,000 EVs per year, which is the equivalent of 8,000 tonnes/year of black mass, Kallanish learns.
The 4-acre site will produce nickel mixed hydroxide precipitate (MHP) and lithium sulphate. It will also recover graphite, though specific volumes are yet to be confirmed. Global engineering consultancy Hatch is completing the engineering design work, and commercial operations are slated for Q4 2026.
“Our ACT 3 site marks the next phase in Altilium’s mission to close the loop on battery materials here in Britain,” explains chief operating officer Christian Marston. “This is about taking a strategic and incremental approach to scaling a vital new industry, one that ensures value stays in the country and creates long-term skilled green jobs.”
Altilium is taking what it calls a “structured, risk-managed” scale-up pathway to commercialisation. It already operates a technology centre where it developed its proprietary EcoCathode process, and a pilot line that processes one EV battery per day, validating the process and materials with automotive OEMs. At ACT 3, it will produce intermediate battery materials ahead of planned salts, precursor material and CAM production in ACT 4.
The company had previously intended to bring its ACT 4 refinery online by 2026, but its timeline has been revised. The plant, to be located in Teesside, is planned to process scrap from over 150,000 EVs, producing 30,000 t/y of cathode active materials (CAM). Altilium says the refinery will meet around 20% of the UK’s expected needs by 2030 and be one of the largest such facilities in Europe.
Like many other Western countries, the UK is currently dependent on critical battery materials imports. The UK Critical Minerals Intelligence Centre (CMIC) estimates that the country could need as much as 40% of the current global lithium production and 30% of the global graphite production by 2030 to feed its domestic battery sector. That is, however, if planned projects materialise.
To date, battery recycling in the UK has primarily focused on shredding batteries and black mass production, which is later exported for further refining. A report published by the Department for Business and Trade shows two battery recycling plants are operational in the UK, one by R.S. Bruce and one by S.A.R. Metals. Altilium stands out as the largest project alongside three other plans by Veolia, Glencore and Fenix Battery Recycling.
“The UK lacks commercial hydrometallurgy process capability. By scaling up its refining capacity, Altilium is reversing this trend, ensuring valuable battery metals remain in the UK supply chain,” an Altilium spokesperson adds.
UK-based start-up Jearrard Energy Resources Limited (JER) says it has inked an agreement with a potential for a £25 billion ($33.1 billion) bond raise for a green hydrogen project.
The MOU signed with Australian financier Carbon Capital Corporation (CCC) and Luxembourg-based advisory group Green Bond Corporation (GBC) targets funding of its 12-gigawatt (GW) project in Mozambique.
Under the deal, CCC will lead the carbon feasibility and climate finance structuring for the project. The financier will also collaborate with GBC for access to the latter’s expertise in bond programmes to support the project’s long-term development plans.
Powered exclusively by solar energy, the 12-GW electrolysis capacity is expected to produce 4,000 tonnes/day of “cost-competitive” green hydrogen. JER claims the project will be one of the world’s largest solar-powered hydrogen production hubs.
Marcus Allington, ceo of JER, notes the MOU represents a “transformational milestone” for the company and for Africa’s role in the global energy transition. “We now have a clear roadmap to finance and to execute one of the largest green hydrogen projects on the planet – a project that will not only power industries globally but also provide sustainable energy for Mozambique’s future,” he adds.
Allington confirms to Kallanish that construction will commence in the first quarter of 2026, building 48 units of 250 megawatts. Once the first unit is completed, the company aims to bring online the rest of the project in batches of 4 GW. Hydrogen deliveries from the first 250-MW unit are anticipated in December 2026.
The ceo says the mega project has already reached a final investment decision, with the JER board shortlisting “various funding routes which will form the basis of the investment.” He claims the company has also signed two MOUs for offtakes, one with a “UK-based end user and wholesale supplier.” The second is with a space launch company operating launch facilities in Southern Africa and Asia, at a price of $7.28/kg cif.
The project will also feature a 125-kilometre pipeline and a new port, with most of the fuel to be exported to Asia, including India, as well as to Europe and the Pacific Rim.
That said, Allington adds there is a growing domestic market for hydrogen's use in the power and transport sectors.
If successful, the mega project would overtake the NEOM green hydrogen project in Saudi Arabia as the world’s largest utility-scale green hydrogen facility. It is expected to produce up to 600t/day of green hydrogen, starting in 2026.
JSW Steel has been granted permission to import 106,000 tonnes of low-ash metallurgical coke (LAM coke)...
Brazil-headquartered mining company Vale’s wholly owned associate Oman facility has seen on-year increase in pellets production in...
ArcelorMittal Nippon Steel (AMNS) India says it is ready to produce a large share of “green”...
Wire rod offers in ASEAN remain stable amid a quiet week, Kallanish notes.
Prices appear to...
Japan's auto production showed strong year-on-year growth in January, albeit at a low level compared with...
Chinese rebar and hot rolled coil futures stabilised on Thursday after the market fell the day...
Uncertainty over the global and regional economic outlook amid ongoing trade tensions continues to depress trading...
Australian miner Burley Minerals has launched a placement and entitlements issue to raise approximately AUD 1...
Australian iron ore producer Fenix Resources has chosen not to make a counteroffer to miner CZR Resources, ...
Global miner BHP has reported lower nickel production for the third quarter amid its inventory draw...
Mongolian Mining Corporation, the largest producer and exporter of washed coking coal in the country, reported...
Global miner BHP has said its steelmaking coal production guidance for its full year 2025 remains...
Pangang Vanadium officially broke ground on the upgrade project for its No.1 slab continuous casting system...
Global miner BHP has maintained its iron ore production guidance for its full year 2025 at...
China's real estate continued to see further improvement in sales-related indicators in March, but investment and...