Metallurgy news

• In June 2025, imports of HRC decreased by 35.0 percent According to preliminary census data from the U.S. Department of Commerce, imports of hot flakes to the United States totaled 84,244 tons in June this year, up 35.0 percent from May and 46.0 percent from June 2024. With a value of HRC, imports totaled 56.8 million. USD. In June of the 3rd year,... 20.08.2025  03:00

• Sales of Xiaomi electric vehicles tripled The Chinese manufacturer of household electronics and electric vehicles Xiaomi increased net profit in the second quarter of 2025 by 2.3 times, while the adjusted indicator and revenue reached record maximums. as noted in the company’s press release, net profit in April-June amounted to 11.87 b... 19.08.2025  18:00

• Import of steel pipes from Turkey grew by 12.3% in January-July 2025 In January-July of this year, the total foreign trade turnover of Georgia with Turkey, which is the leading trading partner of the country, amounted to $ 1.75 billion, including imports worth $ 1.55 billion, increased by 2.2%, and exports worth $ 196.24 million, decreasing by 31.6%, as in annual... 19.08.2025  17:00

• POSCO Assan rejects rumors about sale of stainless steel plant, confirms commitment to Turkish market According to information obtained by SteelOrbis, South Korean steel giant POSCO has denied rumors of a potential sale of its Turkish subsidiary POSCO Assan TST after reports of mounting losses due to Chinese imports. The company stressed that it has no plans to withdraw from the Turkish market and... 19.08.2025  17:00

• Uzmetkombinat JSC has published its results for the 1st half of 2025 * Revenue fell by 23.1%* Cost of sales decreased by 28%* EBIT increased by 10%* Net profit decreased by 12 times* The estimated P/B ratio at 4,000 soums per share is 0.4;* The estimated P/E ratio at 4,000 soums per share is 22.The rating is below the market, upside when the situation... 19.08.2025  17:00

• The net profit of the BHP Billiton increased by 14.2 percent in 2024-25 financial year, despite the decrease in sales revenue Australian mining company BHP Billiton announced its financial results for the 2024-25 financial year, which ended on June 30. , billion in the previous financial year, while the proceeds from the company's sales decreased by 7.9% in the annual calculus to $ 51.26 billion due to lower average... 19.08.2025  16:00

• The Turkish company Hasçelik has completed a trial production with vacuum closed casting Turkish steel company Hasçelik has announced the successful trial production of hardened and tempered 42CrMo4 and 41Cr4 steels using vacuum closed casting technology. This achievement highlights the company's ongoing efforts to supply steels with superior quality, reliability, and performance.The ... 19.08.2025  16:00

• Privatization and outsourcing of key operating and service functions Rinl in India with the termination of investment in the company, the Indian state manufacturer was Rashtriya Ispat Nigam limited (Rinl) privatizes several key operating and service departments at its plant with a capacity of 7.3 million tons per year in the southern Indian port city of Visakhapathanam, the... 19.08.2025  15:00

• CBM criticizes British steel companies' decision to reduce quotas and supply chain risks The Confederation of British Metalworking (CBM), representing more than 200 companies in the UK steel sector, has issued a serious warning over the government's latest protective measures against steel. The industry body fears that sudden changes will lead to severe disruption of the supply chain,... 19.08.2025  15:00

• Circus imports to Ukraine decreased by 0.5% The volume of supply of zinc and zinc products to Ukraine in January -July 2025 decreased by 0.5%to $ 33.204 million (in July - $ 7.452 million). Exports of zinc in seven months of the year reached $ 707 thousand (in July-$ 87 thousand), while in January-July 2024 it amounted to $ 120 thousand. ... 19.08.2025  15:00