Metallurgy news
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Bengang Steel Plates posts RMB 3.351 billion loss for January–SeptemberChinese steelmaker Bengang Steel Plates reported revenue of RMB 34.14 billion (about $5.1 billion) for January–September 2026, down 3.01% year on year. Its net loss widened from RMB 2.216 billion to RMB 3.351 billion (about $500 million), according to the company’s financial report.The report also…
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Champion Iron ships first DRPF cargo, reports quarterly lossCanada-based Champion Iron completed its first commercial shipment of direct reduction pellet feed (DRPF) but reported a net loss of C$48.4 million for the second quarter of fiscal 2027. The company attributed the result to lower iron ore price indices, higher ocean freight and fuel costs, as well…
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US raw steel output rises 15.7% in week ending October 31US raw steel production reached 2.053 million net tons in the week ending October 31, 2026, the American Iron and Steel Institute (AISI) reported. Capacity utilization was 88.9%.Output was up 15.7% from the previous week, ending October 24, when production totaled 1.774 million net tons and…
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Aceros Arequipa Q3 net profit falls 26.9%Peruvian steelmaker Corporación Aceros Arequipa posted net profit of $19.271 million in the third quarter of 2026, down 26.9% from $26.373 million a year earlier.The company said the decline was mainly due to lower gross profit and reduced income from subsidiaries. Lower financial and other…
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Canada’s iron ore concentrate output fell 4% in AugustCanada produced 5,528,038 metric tons of iron ore concentrates in August 2026, down 4% from July and 5.7% from August 2025, according to Statistics Canada.Shipments totaled 4,953,304 metric tons, up 35.1% month over month but down 14.4% year over year. Producers’ inventories fell 14.1% from July to…
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Siderperu Q3 net profit drops 15.6% as operating profit weakensPeruvian steelmaker Siderperu posted net profit of $18.357 million in the third quarter of 2026, down 15.6% from $21.756 million a year earlier. The company attributed the decline mainly to lower operating profit.Revenue rose 8.5% to $196.318 million on higher sales volumes, despite lower unit…
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IREPAS: High energy costs and weak demand weigh on global long steel marketThe global long steel market has weakened slightly, with demand stable but low in recent months, according to IREPAS. Rebar prices have fluctuated with scrap costs, while more expensive scrap has supported demand for steel billets in the Far East.Excess capacity, particularly in China, remains a…
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Turkey’s steel output rises 6.1% in first nine months of 2026Turkey produced 29.77 million metric tons of crude steel in January–September 2026, up 6.1% year on year. September output rose 0.8% to 3.21 million metric tons, the Turkish Steel Producers’ Association (TCUD) said. Finished steel production increased 2.7% over the nine-month period to 32.72…
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French industrial producer prices rise 1.7% in SeptemberProducer prices in French industry rose 1.7% in September 2026 from August and were up 6.8% year on year, according to data released by France’s National Institute of Statistics and Economic Studies (INSEE).Prices of manufactured products made in France increased by 1.2% month on month and 5.8%…
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Thyssenkrupp Steel secures revised funding terms for Duisburg hydrogen projectThyssenkrupp Steel has received a final decision revising public funding terms for its tkH2Steel project in Duisburg. The changes give the company more flexibility to scale up hydrogen use at its planned direct reduction plant in line with market conditions. The revision was prompted by…
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