Metallurgy news
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Nippon Steel’s Yawata EAF faces LNG cost and supply risksNippon Steel’s planned 2 million tonne-a-year electric arc furnace at its Yawata works could face higher costs and fuel supply risks if it relies on LNG-fired power, according to an October report by think tank Transition Asia. Transition Asia estimates that electricity costs could reach about JPY…
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JSW raises coal and coke production in Q3 2026Polish producer Jastrzębska Spółka Węglowa (JSW) increased coal and coke output in the third quarter of 2026 despite price volatility and difficult conditions in Europe’s steel industry. Coal production rose 2.7% from the previous quarter, while coke output climbed 32.8%.From July to September, JSW…
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Vale says rising costs put 10% of seaborne iron ore supply in the redAbout 10% of global seaborne iron ore supply — roughly 160 million mt a year — is now unprofitable as fuel and freight costs rise amid the Middle East conflict. Vale CEO Gustavo Pimenta told Bloomberg on October 16. According to Pimenta, about 15 million mt of supply has already been withdrawn from…
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Severstal’s Q3 profit rises 17% as steel prices recoverSeverstal’s net profit rose 17% year on year to RUB 15.17 billion in the third quarter of 2026. Revenue fell 3% to RUB 173.54 billion as lower sales were partly offset by higher prices and a shift in product mix. EBITDA increased 13% to RUB 39.98 billion, while the EBITDA margin gained three…
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Brazilian crude steel output slips 0.8% in SeptemberBrazil produced 2.791 million metric tons of crude steel in September 2026, down 0.8% from a year earlier, the Brazilian steel institute Aço Brasil (IABr) said.Rolled steel output rose 1.8% to 2.007 million metric tons. Flat product production increased 7.1% to 1.218 million metric tons, while long…
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Steel Dynamics posts record steel shipments in third quarterU.S. steelmaker Steel Dynamics shipped a record 3.78 million net tons of steel in the third quarter of 2026, up 1.2% from the previous quarter and 4.7% year over year. Net income rose to $756 million.Net income increased 41.5% quarter over quarter and 87.3% compared with the third quarter of last…
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US OCTG imports fell 25% in AugustThe US imported 112,661 metric tons of oil country tubular goods (OCTG) in August 2026, down 25 percent from July and 19.1 percent from a year earlier. Imports were valued at $115.9 million, compared with $151.2 million in July and $163 million in August 2025, according to preliminary data from the…
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Brazil has used 70% of its steel import quotasBrazil had used an average of 70% of its steel import quotas by October 7, up from 60% on September 23, the foreign trade system Siscomex reported. The quotas allow a total of 394,657 metric tons of steel products to be imported at tariffs of 9% to 16%; volumes above the limit face a 25%…
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US beam exports rise 22.9% in AugustThe United States exported 18,259 metric tons of heavy structural shapes in August, up 22.9% from July but down 3.5% year over year. The data was published by the US Department of Commerce.The shipments were valued at $31.1 million, compared with $24.5 million in July and $28.4 million in August…
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Truck strikes in Italy threaten logistics and steel suppliesTruck driver strikes in Italy have disrupted the distribution of goods and fuel. The effects could also reach the steel industry, putting delivery schedules, vehicle availability and the cost of materials for customers at risk.Uncertainty also surrounds the former Ilva plant in Taranto. A strike…
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