Metallurgy news
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Hyundai Steel cuts net loss in 1Q26 despite cost cutsSouth Korean iron and steel company Hyundai Steel announced consolidated financial results for the first quarter of 2026.Accordingly, Hyundai Steel reported a net loss of 39 billion Korean won ($26.37 million) for the quarter due to currency volatility and higher raw material costs, compared to a…
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Modernization of the Primetals and ArcelorMittal full converter in EisenhuttenstadtThe British company Primetals Technologies and the German ArcelorMittal Eisenhüttenstadt, a subsidiary of the global steel company ArcelorMittal with headquarters in Luxembourg, have successfully completed a major converter renovation at the Eisenhüttenstadt steel plant in Germany, replacing and…
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IEEFA notes gap between Indian steelmakers' ambitions and decarbonization effortsThe growing gap between the decarbonization goals announced by Indian companies and the concrete actions needed to achieve them could lock the sector into carbon-intensive technologies for decades, threatening its net zero ambitions and long-term global competitiveness, according to the latest…
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India's industrial output dropped to 4.1 percent in March 2026Industrial production in India, as measured by the Industrial Production Index (IIP), dropped to 4.1 percent in March 2026 from 5.2 percent in February 2026, according to data released by the Ministry of Statistics and Program Implementation on Wednesday, April 29.The manufacturing sector, which…
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Saarstahl Ascoval signs long-term supply agreement with Mannesmann Precision TubesThe French company Saarstahl Ascoval, part of the Saarstahl group, announced the signing of a long-term supply agreement with the German company Mannesmann Precision Tubes. The partnership includes the supply of semi-finished steel products for tubular applications in the automotive and industrial…
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The 20th package of EU sanctions further tightens restrictions on Russian steel-related tradeThe European Union has adopted its 20th package of sanctions against Russia, introducing new trade, energy, finance, and anti-circumvention measures aimed at weakening Russia's military economy. For the metallurgical sector, the most urgent measures are new restrictions on the import of certain…
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Xinxing Ductile Iron Pipes' net profit for 1Q 2026 was 197 million yuanChinese steel company Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes), based in Hebei Province, announced that in January-March this year it recorded operating revenue of 9.876 billion yuan ($1.4 billion), up 17.93% year-on-year, and net profit for the period was 197 million yuan…
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CISA: Large and medium-sized Chinese metallurgists see 5.1% drop in gross profit in the first quarter of 2026On April 29, Jiang Wei, Vice President of the Chinese Association of Ferrous Metallurgy (CISA), said that the total operating revenue of large and medium-sized metallurgical enterprises in China - all CISA members - amounted to 1.4895 trillion in January-March of this year. yuan ($0.22 trillion)…
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Gerdau reported 32% rise in net profit for the first quarter of 2026Brazilian group Gerdau reported consolidated net profits equivalent to US$203.485 million for the first quarter of 2026, up 32 percent from the same period in 2025.Although net sales fell 3.8 percent to $3.356 billion and production costs fell 6.5 percent to $2.895 billion, gross profit increased…
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IREPAS Traders: Geopolitical tensions and rising prices disrupt steel trade flowsSpeaking during a panel session on the final day of the Spring SteelOrbis 2026 conference and the 94th IREPAS meeting, held in Amsterdam on April 26-28, Wilhelm Alf, director of Duferco and chairman of the traders' committee, shared the committee's assessment of current market conditions…
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