Metallurgy news
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Exports of beams from the United States in May 2026 increased by 1.7 percent compared to AprilAccording to the U.S. Department of Commerce, exports of heavy building structures from the United States (including U, I, H, L, and T beams) totaled 21,680 tons in May this year, up 1.7 percent from April and 0.7 percent from May 2025. In value terms, exports of beams totaled $35.8 million in May…
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The number of drilling rigs in the USA decreases, in Canada it increases - Week 30 of 2026.Baker Hughes reported that for the week ended July 24, 2026, the number of U.S. rotary drilling rigs fell by one rig for the week to 587.The number of gas production rigs increased by one to 127, and the number of oil production rigs decreased by two to 450. The total number of U.S. drilling rigs…
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Milan's appeal court has ordered the closure of the former Ilva hot zone within 90 days unless environmental problems are resolvedThe specialized business section of the Milan Court of Appeal ordered the suspension of work in the hot zone of the former Ilva steelworks in Taranto in southern Italy for 90 days, upholding an appeal brought by a group of citizens and parents from Taranto against Ilva in the Emergency…
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Acerinox's second-quarter earnings rise as US business and EU trade measures boost resultsSpanish stainless steel manufacturer Acerinox S.A. announced financial and operating results for the second quarter of this year.The company reported a net profit of €71 million in the quarter, compared with a net profit of €5 million in the second quarter of 2025, while its net sales were €1.58…
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Sandvik reports record second-quarter earnings amid strong demand for mining in 2026Swedish engineering group Sandvik recorded strong growth in the second quarter of 2026, driven by strong mining activity, higher sales volumes, and improved pricing.The company's order volume increased 17 percent year-on-year to SEK 37.80 billion ($3.92 billion), while revenue increased 24 percent…
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Taiwan CSC Posts Slightly Lower Operating Earnings for H1 2026Taiwan's largest steel mill, China Steel Corporation (CSC), announced preliminary financial results for the first half of this year.In June, the company's carbon steel sales totaled 535,325 tons, while in the January-June period, carbon steel sales totaled 3.74 million tons.CSC's first-half…
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Hyundai Steel to open a $5.8 billion EDP plant in Louisiana in SeptemberOn September 4, South Korean company Hyundai Steel will hold a groundbreaking ceremony for its integrated steel mill based on a $5.8 billion electric arc furnace in Louisiana, marking the beginning of the main construction phase of the project.The ceremony is expected to be attended by senior…
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Arequipa's net profit in the second quarter of 2026 increased by 34.5% amid improved operating performancePeruvian steelmaker Corporacion Aceros Arequipa reported net income of $38.333 million in the second quarter of 2026, compared with $27.784 million in the same period in 2025.The 34.5% rise in net income was primarily driven by higher operating income, supported by higher gross margins and lower…
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Samarco's sales in the second quarter of 2026 were up 23 percent compared to the first quarter of 2026, but will remain 1 percent lower than in 2025.In a pre-operating disclosure, Brazilian iron ore and pellet producer Samarco reported second-quarter 2026 sales of 3.9 million metric tons (mt), up 23 percent from the prior quarter but down 1 percent from second-quarter 2025 based on total iron ore and pellet volumes.Output also increased in the…
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The United States will conduct full reviews of the PC market from 15 countriesThe U.S. International Trade Commission (ITC) has decided to conduct a full five-year (before expiration) review of anti-dumping duty Orders (AD) on prestressed reinforced concrete strands (PC) from Argentina, Colombia, Egypt, Indonesia, Italy, Malaysia, the Netherlands, Saudi Arabia, South Africa…
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