Metallurgy news
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FAI on China's railways rose 3.2% in January-April, investment target for 2026 reducedChina Railway Corporation (CRC) announced that total fixed asset investment (FAI) in China's railways was 200.8 billion yuan ($29.4 billion) between January and April this year, up 3.2% year on year, 1.9 percentage points slower than the growth recorded in the first three months.High base railway…
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Vallourec's revenue decreased in the first quarter of 2026, while EBITDA margin improvedFrench pipe manufacturer Vallourec has announced financial results for the first quarter of 2026. The company's revenue in the specified period decreased by seven percent year-on-year to $975 million, while EBITDA remained almost stable year-on-year at $220 million. The company's EBITDA margin…
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Canada's Algoma Steel reports wider losses in first quarter of 2026 as EAF transition cuts suppliesAlgoma Steel Group Inc. announced financial results for the first three months of this year. The company reported a consolidated net loss of C$159.4 million for the first quarter, compared with a net loss of C$24.5 million in the previous quarter. Revenue was C$296.9 million, up from C$517.1…
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Spain's Sidenor invests € 13.6 million in modernization of steel mill in BazauriAccording to local media, Spanish specialty steel producer Sidenor is investing more than €13.6 million in decarbonization of its Basauri steel mill as part of its broader strategy for sustainable development and industrial modernization.The investments are aimed at electrification and energy…
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NBS: Rebar prices in China rose 2.4 percent in early May 2026At the beginning of May (1-10 May) this year, the average price in China of HRB 400E 20mm rebar increased by RMB 78.3/mt ($11.4/mt) or 2.4 percent to RMB 3319.9/mt ($485/mt) compared to the price at the end of April (21-30 April), as announced by the National Bureau of Statistics China.During this…
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US releases preliminary AD test results on stainless steel bars from IndiaThe U.S. Department of Commerce (DOC) has announced the preliminary results of its administrative antidumping duty (AD) review of stainless steel ingots from India for the review period (POR) of February 1, 2024, through January 31, 2025.The review covers eight manufacturers/exporters of the items…
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The United States has published preliminary results of a review of cardiovascular diseases on OCTG from South KoreaThe U.S. Department of Commerce (DOC) has announced the preliminary results of the administrative Countervailing Duty (CVD) inspection of oil country pipe products (OCTG) from South Korea for the inspection period (POR) from January 1, 2023 to December 31, 2023.The Commerce Department has…
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US releases preliminary AD inspection results on some round pipes from South KoreaThe U.S. Department of Commerce (DOC) announced the preliminary results of its administrative review of anti-dumping duty (AD) on non-alloy round steel welded pipe (CWP) from South Korea for the period of review (POR) from November 1, 2023 to October 31, 2024.The U.S. Department of Commerce has…
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The US has released preliminary results of the OCTG AD check from MexicoThe U.S. Department of Commerce (DOC) announced the preliminary results of the administrative review of the anti-dumping duty (AD) on certain oil country pipe products (OCTG) from Mexico for the review period (POR) from November 1, 2023 to October 31, 2024.The Commerce Department has preliminarily…
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Chile's Grupo CAP reports larger consolidated net loss in first quarter of 2026Chilean iron ore producer Grupo CAP reported a net loss of $17.207 million for the first quarter of 2026, compared to a net loss of $15.055 million in the same period a year earlier.Administrative expenses of $30.454 million and financial expenses of $35.882 million were the main factors in the…
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