Metallurgy news
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US imports of coiled steel in February 2026 decreased by 50.4 percent compared to JanuaryU.S. sheet coil imports totaled 26,403 tons in February 2026, down 50.4 percent from January and 65.4 percent less than February 2025, according to preliminary data from the U.S. Department of Commerce. In value terms, sheet coil imports totaled $17.59 million in February this year, up from $37.57…
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Vale's net profit jumped 39 percent in the first quarter of 2026 due to increased iron ore volumes and prices.Brazilian mining company Vale reported a net profit of $1.940 billion for the first quarter of 2026, compared with $1.394 billion for the same period in 2025.Net sales increased by 14 percent to $9.258 billion, while production costs increased by 13 percent to $6.173 billion. Gross profit decreased…
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The net profit of the OYAK Mining and Metallurgical Group decreased in the first quarter of 2026, capacity utilization improvedTurkish steel company OYAK Mining and Metallurgy Group announced its financial and operating results for the first quarter of 2026.The company reported a net profit of TRY 405.79 million (USD 9.14 million) for the first quarter, compared to a net profit of TRY 447.90 million in the same period last…
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The Iranian Steel Association disputes Worldsteel's data, saying Iran remains the 10th largest steel producer.The Doctor. Mehdi Mohammadi, chairman of the Iranian Alloy Steel Manufacturers Association, disputed the latest data published by the World Steel Association (worldsteel) regarding Iran's place among the leading steel producing countries, according to local media reports.Doctor. Mohammadi said that…
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ArcelorMittal maintains net zero target by 2050 despite cost concernsArcelorMittal maintained its 2050 net-zero emissions target in its 2025 sustainability report, despite growing challenges around competitiveness, energy costs and political uncertainty.The company reported a 47.7 percent reduction in absolute emissions from 2018, with its carbon intensity reaching…
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UAE withdraws from OPEC, market sees potential impact on energy costsFollowing its recent announcement, the United Arab Emirates intends to withdraw from the Organization of Petroleum Exporting Countries (OPEC) on May 1, marking a significant shift within the group, which currently consists of 12 oil producing countries, including Saudi Arabia, Iraq, Iran and…
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Exports of tin from the United States in February 2026 increased by 28.1 percent compared to JanuaryU.S. tin exports totaled 3,917 tons in February this year, up 28.1 percent month-on-month and down 0.5 percent from February 2025, according to U.S. Department of Commerce export data. In value terms, tin exports in February were $4.8 million, down from $3.21 million the previous month and $4.15…
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Exports of stretched wire from the United States in February 2026 decreased by 4.7 percent compared to JanuaryAccording to export data from the U.S. Department of Commerce, exports of stretched wire from the United States totaled 6,418 tons in February this year, down 4.7 percent month-on-month and 3.7 percent year-on-year. In value terms, exports of stretched wire totaled $16.46 million in February…
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SSAB's operating profit improved in the first quarter of 2026 on the back of higher deliveries and stronger performance in Europe and the AmericasSwedish steel company SSAB announced its financial results for the first quarter of this year, reporting an operating profit of SEK 2.20 billion ($240 million), compared with SEK 1.35 billion ($147 million) in the same quarter the previous year, mainly due to improved results at SSAB Europe and…
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POSCO to develop low-carbon cast iron production technology with the American company ElectraSouth Korean steel company POSCO has announced a new partnership with the American climate company Electra to jointly develop low-carbon pig iron production technology. The agreement aims to combine POSCO's direct remediation know-how with Electra's electrochemical iron production process…
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