[SSAB Americas Q3 2026 shipments fall QoQ to 446,000 mt on planned maintenance outage]

Ukraine's industrial production fell 9.2% year on year in September, the steepest annual decline since February 2023, according to data from the State Statistics Service. The decline followed the start of Russia's massive strikes on steel plants in Ukraine. [SMM Iron Ore]

Ternium disclosed in its SEC Form 6-K report that third-quarter 2026 adjusted EBITDA rose 10% QoQ to $785 million, supported by stronger steel volumes and margins, while net income was affected by a $116 million deferred tax loss. The company expects fourth-quarter EBITDA to be broadly in line with the third quarter. [SMM Iron Ore]

A fire at Metafrique Steel's plant in Douala's Bassa industrial zone killed four people and seriously injured 16 on November 2, 2026, according to a preliminary toll released by authorities. Reports said an explosion preceded the fire on the morning of November 2. Firefighters found four badly burned bodies inside the facility, and another 16 people with severe burns were taken to Douala General Hospital, where their conditions remain a major concern. Littoral Governor Samuel Dieudonné Ivaha Diboua warned that the death toll may rise as rescue and debris-clearing operations continued. After the incident, the governor called for the company to halt operations, accusing it of failing to implement safety measures ordered after previous fires, and announced an investigation into the circumstances of the fire. No formal administrative order requiring the plant to close has been verified so far. In a statement issued the same day, Metafrique Steel said the incident originated outside the facility with its causes still unknown; the company acknowledged casualties and property damage and said it was taking steps to support the victims' families. The fire came about six months after a blaze on the night of April 30 to May 1, 2026, which destroyed part of the plant's facilities; initial reports said ten people were injured, including nine Cameroonians and one Indian national. The company temporarily suspended production afterwards and later resumed operations. Metafrique Steel, a subsidiary of India's Metafrique Group, has operated in Cameroon for about 15 years and recycles ferrous scrap to produce construction steel including reinforcing bars; according to estimates published in May 2026, it employs nearly 500 people and produces approximately 36,000 tons annually. [SMM Iron Ore]