Metallurgy news
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Xinxing Ductile Iron Pipes' net profit for 2025 was 947 million yuanChinese steel company Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes), based in Hebei Province, announced that it recorded operating revenue of 37.022 billion yuan ($5.4 billion) in 2025, up 2.29% year-on-year, with a net profit of 947 million yuan ($137.2 million) for the year…
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Assofermet: Italian scrap metal market stable in March amid strong geopolitical uncertaintyAccording to the latest monthly market note from Assofermet - the association representing Italian companies involved in the trading, distribution and processing of steel, scrap and non-ferrous metals - the Italian ferrous scrap market moved sideways in March in a context of marked uncertainty…
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Vale announces first transoceanic ethanol-fueled iron ore ship in 2029Brazilian miner Vale and Shandong Shipping Corporation have entered into a charter agreement for new ethanol-fuelled Guaibamax-class vessels, with the first unit due for delivery in 2029.Vale says the agreement is an unprecedented milestone in global iron ore shipping, as it will be the first time…
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Bengang Steel Plates reported a net loss of 3.942 billion yuan for 2025Chinese steel company Bengang Steel Plates Co., Ltd. of liaoning Province announced that its operating revenue was 46.392 billion yuan (US$6.7 billion) in 2025, down 9.51 percent year-on-year, with a net loss for the year of 3.942 billion yuan (US$0.57 billion), compared with a net loss of 5.037…
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lingyuan Steel reports a net loss of 1.557 billion yuan for 2025Chinese steel company Ansteel Group lingyuan Iron and Steel Co., Ltd. (lingyuan Steel) of liaoning Province released its 2025 financial report, announcing operating revenue of 15.661 billion yuan (USD 2.3 billion), down 13.46 percent year-on-year, and a net loss for the year of 1.557 billion yuan…
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The volume of freight traffic on the Chinese Daqin Railway increased by 4.47 percent in January-March 2026.The volume of freight traffic on the Daqin Railway in China from January to March this year was 96.86 million tons, which is 4.47 percent more than last year.In March alone, the volume of freight traffic on the Daqin Railway was 37.54 million tons, which is 6.44 percent more than last year year.In…
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Italian company Acciaierie Bertoli Safau begins construction of a hybrid digital green plantAcciaierie Bertoli Safau (ABS), the steel division of the Italian Danieli group, has officially started construction of a hybrid digital green plant. This €400 million facility, of which €355 million is dedicated to machinery and digital systems, promises to place the Pozzuolo del Friuli plant…
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POSCO-supported HBI project in Western Australia receives final approvalThe Western Australian Government has given final approval to the $4 billion Port Hedland iron project, which will include a pelletizing plant and a hot iron briquetting (HBI) plant near the Port of Port Hedland. The project is supported by the South Korean company POSCO, the Japanese company…
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Nippon Steel begins production trials on new hot rolling line in NagoyaAccording to Japanese steelmaker Nippon Steel, the company began production testing on its next-generation hot rolling line at its Nagoya plant on April 1, 2026.The manufacturer said that since construction began in May 2022, the project has progressed through foundation work, building…
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Federacciai calls on Brussels to reconsider the ETS and adopt a real industrial strategy for steelAntonio Gozzi, president of Italian steel association Federacciai, has called for a deep overhaul of the EU's emissions trading system (ETS), stronger protection for scrap on the European market and the adoption of a more coherent European industrial strategy for the steel sector. He made the…
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