Metallurgy news
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Exports of U.S. trade bars in May 2026 increased by 30.0 percent compared to AprilAccording to the export data of the US Department of Commerce, exports of light bars (trade bars) to the United States in May this year amounted to 4,748 tons, which is 30.0 percent more than in April and 54.2 percent more than last year. By value, exports of bullion totaled $6.58 million in May…
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Usiminas' net profit decreased by 52.2 percent in the second quarter.Brazilian steel and iron ore producer Usiminas reported a net profit in the second quarter of 2026 equivalent to $84.621 million, down 52.2 percent from the previous quarter.The decrease reflects a negative financial result and a comparison with the positive impact of deferred taxes in the previous…
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Metinvest mining and processing plant produced 7.8 million tons of concentrate in six monthsThe Central, Inguletsky and Northern mining and processing plants (GOK) of the Metinvest mining and metallurgical group, transformed into the United GOK (OGOK), produced 16.7 million tons and 7.8 million tons in January-June of this year. million tons of pellets.According to the company, the…
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Guangdong JinShengLan launched 1780mm wide continuous hot rolling lineRecently, the Chinese private steel company JinShengLan Metallurgical Technology Co., Ltd. of Guangdong Province has commenced Phase II, Zone III of its 8 million ton per annum high quality special steel project, which includes a 1780mm diameter continuous hot rolling line.The 1780mm wide hot…
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Global production and sales of Toyota vehicles decreased slightly in the first half of 2026, but increased in JuneJapanese automaker Toyota Motor Corporation announced that its global vehicle production increased 2.9 percent year-on-year to 879,321 units in June this year. In particular, the company's domestic production increased by 14.6 percent to 313,234 units, while its overseas production in the given…
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Japan's scrap steel exports fell 7.4 percent in the first half of 2026Japan's ferrous scrap exports totaled 589,719 tons in June this year, up 5.1 percent from 561,006 tons in the same month the previous year, according to customs statistics. In the first half of this year, the country exported 3.54 million tons of scrap, down 7.4 percent from last year.During the…
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Chinese steel industry's profit recovery remains slow despite production cutsChina's steel industry remained under significant profit pressure in the first half of 2026, with production cuts helping to stabilize profitability only marginally as weak demand and high costs continued to put pressure on the sector.Although the ferrous metallurgy and rolling industry remained…
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Kumamoto earthquake leaves Osaka steel plant under control, disrupts regional logisticsThe magnitude 7.1 earthquake that struck Japan's Kumamoto Prefecture on July 28 prompted inspections at local steel mills and disrupted transportation infrastructure in southern Kyushu, although the initial impact on regional steel production appears limited and localized, according to local media…
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Outokumpu returns to profit in the second quarter of 2026 on the back of higher shipments and improved performance in EuropeFinnish stainless steel manufacturer Outokumpu announced that its sales revenue increased 6.5 percent year-on-year to €1.58 billion in the second quarter of 2026, while adjusted EBITDA increased 33.3 percent to €100 million, mainly due to improved performance in Europe and continued strong results…
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Production halted at three Shanxi coking coal minesCoal producer from Shanxi Province Shanxi Coking Coal Energy Group Co., Ltd. (Shanxi Coking Coal) announced that the mining licenses and safe production licenses for its subsidiary Xiqu, Zhenchengdi and Malan Mine have recently expired. The Xiqiu mine suspended operations on July 23, 2026, and the…
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