Metallurgy news
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South Africa’s base metal exports fall 3% in first nine months of 2026South Africa exported base metals and articles thereof worth ZAR 123.55 billion ($7.26 billion) in January–September 2026, down 3% from the same period a year earlier, according to data released by the South African Revenue Service (SARS).September exports rose 13.8% from August to ZAR 14.97…
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Nippon Steel Trading agrees to acquire CLN SlovakiaJapan’s Nippon Steel Trading has agreed to acquire all shares in Slovak steel service center CLN Slovakia from Italy’s CLN Group. The deal, to be completed through subsidiary Nippon Steel Trading Austria GmbH, will expand the group’s steel processing and distribution operations in Europe. Founded…
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Japan’s ferrous scrap exports fall 12.6% in January–SeptemberJapan exported 4.96 million mt of ferrous scrap in January–September 2026, down 12.6% year on year, according to customs statistics.Vietnam remained the largest buyer, importing 1.97 million mt, a decrease of 19.8% from a year earlier. Exports to Bangladesh rose 21.7% to 1.21 million mt, while…
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Kıraç Galvaniz reaches 75.8% of 2026 revenue target in nine monthsTurkish company Kıraç Galvaniz reported revenue of TRY 6.07 billion ($121.5 million) for January–September 2026, up 184.4% year on year. The company achieved 75.8% of its full-year revenue target of TRY 8 billion ($160.1 million).Net profit increased 144.4% to TRY 1.96 billion ($39.2 million)…
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Acerinox profit rises in Q3 as US business drives resultsSpanish steelmaker Acerinox reported net profit of €85 million in the third quarter of 2026, up from €25 million a year earlier. Sales rose 12.4% to €1.59 billion, while EBITDA increased 84.3% to €199 million. North American operations were the main driver of growth as demand in Europe remained…
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New-home prices in 100 Chinese cities rise 2.02% year on yearThe average price of new homes in 100 major Chinese cities reached RMB 17,316 per square meter (about $2,577) in October 2026. It rose 0.18% from September and 2.02% from a year earlier, according to CIA, an independent property research organization.New high-priced residential projects launched in…
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Atlas Steel to invest $291 million in Oman steel complexOman-based Atlas Steel plans to build an integrated steelmaking complex in Sohar Industrial City, investing more than OMR 112 million ($291 million). The project is designed to produce 720,000 metric tons of steel and roll 700,000 metric tons of rebar annually.Atlas Steel’s investment is part of 28…
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US cuts anti-dumping rates on Mexican corrosion-resistant steelThe US Department of Commerce has revised its final determination in the anti-dumping investigation into corrosion-resistant steel from Mexico and amended the resulting order. The review covers imports from July 1, 2023, through June 30, 2024.The department made the changes following a ruling by…
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Canadian building construction investment rises 0.1% in AugustInvestment in building construction in Canada rose 0.1% month over month to $23.5 billion in August 2026. According to Statistics Canada, residential investment fell 0.3%, while non-residential investment increased 1%.Residential construction investment declined by $45.4 million to $16.1 billion…
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Algoma Steel reports C$129.6 million Q3 loss as shipments fallCanada’s Algoma Steel reported a net loss of C$129.6 million for the third quarter of 2026. Steel shipments fell 20.4% from the previous quarter to 144,527 tons, while revenue declined 6.8% to C$249.4 million.The loss was higher than the C$96 million recorded in the second quarter of 2026, but well…
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