Metallurgy news
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CISA: China's coking coal purchase costs rose 4.54 percent in January-May 2026In January-May this year, China's weighted average purchase price of coking coal, metallurgical coke, domestic iron ore and imported iron ore increased by 4.54 percent, 1.91 percent, 2.49 percent and 1.1 percent year on year, respectively, while China's weighted average purchase price of ferrous…
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The gross profit of Chinese metallurgical enterprises in January-May 2026 amounted to 18.17 billion yuanIn January-May of this year, the ferrous metals smelting and rolling sector in China recorded a gross profit of 18.17 billion yuan ($2.7 billion), down 37.4% from the same period last year, as announced by the National Bureau of Statistics of China (NBS) on June 27.The gross profit of the…
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Brazilian cast iron group Sindifer Confirms Hiring of Law firm to Support U.</p><p>S. Tariff HearingsThe Association of Brazilian Pig Iron Producers in the state of Minas Gerais, Syndifer, has confirmed the hiring of a law firm to assist them in holding hearings with the U.S. Trade Representative (USTR) to avoid imposing an additional 25 percent import duty on the Brazilian product.In early June…
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Increase in the number of drilling rigs in the USA and Canada - Week 26 of 2026Baker Hughes reported that for the week ended June 26, 2026, the number of U.S. rotary drilling rigs increased by 10 rigs for the week to 573.The number of gas production rigs increased by three to 125, and the number of oil production rigs increased by seven to 440. The total number of U.S…
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Investment in Canadian building Construction increased 2.3 percent in April 2026On a monthly basis, investment in building construction increased 2.3 percent to $23.6 billion in April, according to Statistics Canada. Investment in the residential sector increased by 3.1 percent in April, while investment in the non-residential sector increased by 0.7 percent.Investments in…
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Exports of trade bars from the United States in April 2026 decreased by 17.8 percent compared to March.According to the export data of the US Department of Commerce, exports of light bars (trade bars) to the United States amounted to 3,652 tons in April this year, which is 17.8 percent less than in March and 20.1 percent less than last year. In value terms, exports of trade bars totaled $4.86…
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Metinvest seeks to reduce its contribution to the steel project in ItalyMining and metallurgical group Metinvest is looking for a new investor to finance a 3 billion euro ($3.4 billion) steel mill in Italy as the Ukrainian group tries to reduce its obligations, Bloomberg reports.According to the agency, we are talking about finding an additional partner for the project…
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U.S. imports of standard pipes in April 2026 were down 17.5 percent from March.U.S. standard pipe imports totaled 51,478 tons in April this year, down 17.5 percent from March and down 22.8 percent year over year, according to final U.S. Department of Commerce Census data. In value terms, imports of standard pipes totaled $51.22 million in April, compared to $60.83 million in…
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Canadian iron ore production fell 1.5 percent in AprilAccording to Statistics Canada, Canada produced 5,002,749 tons of iron ore concentrates in April 2026, which is 1.5 percent less than in March 2026 and 6.8 percent less than in April 2025.Canadian iron ore producers shipped 3,237,317 tons of iron ore concentrates in April, down 6.1 percent from…
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UAE introduces temporary ban on scrap exports, impact on market limitedThe UAE has introduced a temporary ban on the export and re-export of ferrous metal scrap and waste paper in accordance with Ministerial Resolution No. 13 of 2026. The measure, which came into force on June 10, will be in force until October 8 and is designed to ensure sufficient availability of…
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