[ Brazil Iron Ore Exports Rise 2.4% in H1 as Samarco Plans 26 MTPA Expansion ]

Metinvest's Italian subsidiary, Ferriera Valsider, officially declared force majeure in mid-August 2026 after an unforeseeable breakdown forced the complete shutdown of its hot-rolled coil and heavy plate production lines. The company suspended all contractual performance terms, citing an inability to immediately determine the duration of the significant disruption. Technical teams are currently assessing the damaged equipment to establish a reliable repair timeline and restore normal operations.

Global commodity giant Glencore is officially exiting its financial exposure to an iron ore trader amid ongoing investigations by the US Justice Department and Commodity Futures Trading Commission over allegedly falsified trade documents. The iron ore trader has also been removed from the approved-customer lists of Rio Tinto and Vale. Glencore clarified that its remaining financial exposure to the trading firm is "well below" $500 million.

Turkish steelmaker Ekinciler Demir ve Çelik Sanayi reported a net profit of 323.37 million lira ($6.77 million) for the first half of 2026, marking a 1.9% year-on-year decline despite a 28.2% surge in total sales revenues to 11.80 billion lira ($247.17 million). The 1.3 million-ton-capacity producer saw export revenues skyrocket by nearly 560% to 1.53 billion lira, heavily driven by strong international shipments of steel billet and reinforcing bar.