Metal & Steel News
Rising copper prices have made theft increasingly attractive to criminal networks, even as most modern infrastructure is fiber-based and contains little to no copper.
The estimated finished steel import market share in May was 17% and is 16% year-to-date (YTD).
The AMU Aluminum Summit aims to become a key gathering for North America's industrial metals community.
EU producers shipped 3.4 million tons of steel to the U.S. in 2025, significantly lower than 4.1 million tons in 2024 and 4.7 million tons in 2017.
Construction on the smelter had been slated to begin by the end of the year, with production by the end of the decade.
The extensions, subject to cabinet approval, would run to June 27 and June 30, 2027, respectively, with imports exceeding quota limits still facing a 50% tariff, the government said in a statement.
Meanwhile, Citigroup analysts project copper prices to touch $14,500 per ton this month and climb further to touch $15,000 within the next year.
HSBC analysts said metals markets were benefiting from both supply-side disruptions and long-term demand trends.
Outdoor construction activities are typically constrained by rains and high temperature, dampening appetite for steel products.
The project is expected to increase annual primary aluminum production capacity by approximately 160,000 metric tons, bringing the facility’s total capacity to 220,000 metric tons.
Upon comparison with the corresponding week in 2025, output increased by 8.8%.
The changes will remain in place until December 31, 2027 "to spur near–term investments that will rebuild the Nation’s industrial base," the White House said.
The slower production growth from major copper-producing regions is expected to limit global availability of the metal.
The wage demands submitted by POSCO's union seek a 7.1% hike in base salaries, industry sources said.
The United States posted moderate growth, with production increasing 2.3% to 566,000 tonnes from 553,000 tonnes during the same period.
China accounts for about 60% of global aluminum output. It has in recent years capped annual production at 45 million tons to curb industrial overcapacity.
Nagle described the company’s 2025 financial performance as “a very pleasing year despite challenging headwinds and economic conditions.”
To ensure a consistent supply of steel that supports the British economy and the communities that depend on it, the dual decarbonisation approach is the honest, workable path.
The global smelting industry has been shaken by a swath of rapidly shifting geopolitical developments, from the ongoing war in the Middle East to the skyrocketing demand for data centers.
Since the explosion last year, some residents said they had concerns about pollutants from the U.S. Steel facility and raised questions about what would happen if another accident happened at the coke works.
The event will conclude with a panel discussion featuring industry economists, trade experts, and recycling policy specialists.
The raw steel production by U.S. domestic mills totalled 1.87 million net tons during the week, while capability utilization reached 81.0 percent.
Novelis expects a “total negative cash flow impact” of $1.7 billion from the fires, including repair, clean-up and idle worker costs, according to an investor filing.
Total steel imports, including rolled products and semi-finished products, amounted to 6.97 million tons, down 29.5% year-over-year.
The finished steel import market share was estimated at 16% in April and stood at 15% for the first four months of 2026.