Metallurgy news
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New car registrations in South Korea rose 41.3 percent in January-April 2026In April this year, new car registrations in South Korea rose 0.1 percent month-on-month and 58.1 percent year-on-year to 33,993 units, according to data released by the Korea Automobile Importers and Distributors Association (KAIDA).Meanwhile, in the first four months of this year, new car…
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Turkey's Yükselen Çelik reports profit for the first quarter of 2026Turkish steel producer Yükselen Çelik has announced financial results for the first quarter of this year.In the quarter, the company reported a net profit of 70.09 million Turkish liras ($1.54 million), compared with a net loss of 249.99 million Turkish liras in the same quarter of the previous…
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Turkish company Ekinciler Demir ve Çelik aims to increase capacity through public offeringAccording to a statement made by Ekinciler Demir ve Çelik Sanayi A.Ş. for the Public Disclosure Platform, preparations for the public offering of the company's shares will take place on May 13, 14 and 15, 2026. The sale price of shares was set at 45 Turkish lira per share ($0.99 per share), while…
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GEM: Coal-based steel investments threaten global decarbonization goalsAccording to the Global Energy Monitor (GEM) sixth annual report on the steel sector, continued investments in coal-based steel production threaten the global industry's shift to lower-emission production routes.The report says that large-scale investments in blast furnace projects and lining…
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Turkey's slab imports fall 34 percent in January-March 2026 as major suppliers lose groundIn March this year, Turkey's slab imports totaled 179,366 metric tons, up 34.7 percent from February and down 22.6 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these imports totaled $83.23 million, up 33.9 percent…
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Increase in the number of drilling rigs in the USA and Canada - Week 19 2026Baker Hughes reported that for the week ended May 8, 2026, the number of U.S. rotary drilling rigs increased by one rig for the week to 548.The number of gas production rigs decreased by one to 129, and the number of oil production rigs increased by two to 410. The total number of U.S. drilling…
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Auto production in Brazil fell 9.5 percent in April compared to MarchAccording to the Brazilian Association of Vehicle Manufacturers (ANFAVEA), car production in Brazil reached 238,500 units (passenger cars, light commercial vehicles, trucks and buses) in April, down 9.5 percent from the 263,600 units produced in March 2026.Domestic auto sales fell 7.8 percent to…
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Ukraine reports a 0.3% decline in pig iron production for January-April 2026In April of this year, pig iron production in Ukraine amounted to 554 thousand tons, which is 19.7% less month-on-month and 16.1% year-on-year, according to the Ukrainian Metallurgical Association Ukrmetallurgprom.In this month, steel production in the country fell by 26.3% compared to the previous…
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Turkish company Kardemir reports net profit for the first quarter of 2026Turkish integrated long products manufacturer Kardemir Karabuk Demir Celik Sanayi ve Tijaret A.S. (Kardemir) has announced its financial and operating results for the first quarter of this year.In the quarter, Kardemir recorded a net profit of 24.52 million Turkish liras (US$ 540,402), compared…
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India's SMEL expects consolidated net profit to grow by 46% in the fourth quarter of fiscal year 2025-2026India's Shyam Metalics and Energy limited (SMEL) reported consolidated net profit of INR 3.19 billion (USD 33.76 million) in the fourth quarter (January-March) of fiscal year 2025-26, up 45.8 percent year-on-year, according to company regulatory filings on Monday, May 11.The company reported total…
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