Metallurgy news
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Turkish company Çelik Halat ve Tel Sanayii reports higher net losses and revenues for the 1st quarter of 2026Turkish manufacturer of steel wire and ropes from Kocaeli Çelik Halat ve Tel Sanayii Inc. announced its financial results for the first quarter of this year.In the quarter, the company reported a net loss of 306.79 million Turkish liras ($6.76 million), compared with a net loss of 251.46 million…
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Excavator sales in China rose 22.2 percent in January-April 2026In April this year, sales of excavators in China totaled 28,745 units, up 29.8 percent year-on-year, as announced by China's Construction Machinery and Equipment (CME).Specifically, in April, sales of excavators in China's domestic market totaled 16,920 units, an increase of 34.9 percent year on…
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Ukrainian Interpipe is developing a new wheelset for a Northern European wagon manufacturerInterpipe, a Ukrainian manufacturer of steel pipes and railway products, has announced that it has delivered its first wheelsets based on the newly developed ULT35 design, designed specifically for heavy-duty freight wagons.The products will be used in the construction of heavy-duty wagons for a…
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India's SMIOL forecasts net profit growth of 51% in fourth quarter of fiscal 2025-26India's Sandur Manganese and Iron Ore limited (SMIOL) achieved a net profit of Rs 2.36 billion ($24.59 million) in the fourth quarter (January-March) of fiscal 2025-26, up 50.94 percent year-on-year, according to a company regulatory filing on Monday, May 11.The company reported total sales of…
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The UK government is expected to announce the full nationalization of British Steel.The UK government is expected to announce plans for the full nationalization of the local British Steel steel mill during the upcoming Royal Speech, according to media reports.The move would mark one of the most significant government interventions in the UK steel industry in recent decades and…
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Zaporizhstal reduced production in April due to an unscheduled shutdownThe Zaporozhye metallurgical plant "Zaporizhstal" in January-April of this year increased shipments of rolled products by 5.3% compared to the same period last year - to 819.6 thousand tons from 865.7 thousand tons.According to the company's press release, steel production in the first four months…
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The volume of shipbuilding in China in the first quarter of 2026 amounted to 15.68 million tonsAccording to the China Association of National Shipbuilding Industry (CANSI), from January to March this year, China's total shipbuilding output was 15.68 million dead weight tons (DWT), up 46.0 percent from the previous year. During the period, orders for new ships in China reached 59.53 million…
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The US Trade Court declared Trump's 10% global tariff illegalThe U.S. Court of International Trade has ruled that the 10 percent global tariff imposed by President Donald Trump under Section 122 of the Trade Act of 1974 is illegal, marking the second judicial defeat this year for the administration's tariff regime.Trump invoked Section 122, a previously…
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The Brazilian iron producer, or Samarco, continues to report a net loss despite limited operating profits.Brazilian iron ore and pellet producer Samarco reported a net loss of $1.118 billion for the first quarter of 2026, more than 11 percent less than the $1.258 billion net loss recorded in the same period a year earlier.The results reflect costs related to compensation paid to victims of the Fundao…
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Brazil's iron ore exports rose 23 percent amid increased shipments to ChinaExports of Brazilian iron ore (excluding pellets) reached 31.710 million tons in April compared to 25.768 million tons in March, according to Secex, the secretariat of the Brazilian Ministry of Development, Industry and Foreign Trade.The increase mainly reflects a higher volume of exports to China…
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