Metallurgy news
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Steel Dynamics increased its net profit by 79% in the second quarterThe American steel company Steel Dynamics increased its net profit by 79% in the first quarter, while revenue significantly exceeded analysts' expectations.Revenue increased by 33% to $6.09 billion.Experts surveyed by FactSet estimated the company's earnings at an average of $3.63 per share on…
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HBIS aims to be carbon neutral by 2050According to a presentation entitled “Digitalization Reveals Green Steel Brand Value” presented by Cai lihui, researcher at HBIS Green and Low-Carbon Technology Co., Ltd., at the Asia Steel Forum held in Beijing on July 16, HBIS Group has participated in the World Steel Association's life Cycle…
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Primetals is converting the WISCO CSP line into an HSM with a capacity of 4.2 million tonsThe Chinese company Wuhan Iron and Steel Co. (WISCO), a subsidiary of the steel giant Baowu Group, has signed an order with the British plant Primetals Technologies to convert the CSP casting and rolling line into a conventional hot rolling mill with an annual production capacity of 4.2 million…
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Hoa Phat advances decarbonization with third phase of rooftop solar projectVietnamese steel mill Hoa Phat Group announced that its subsidiary Hoa Phat Dung Quat Steel, together with its partner Horus Power, has begun construction of the third phase of the rooftop solar power project, increasing installed capacity by 26.8 MW.Once operational, the third phase is expected to…
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South Arabian company Al Yamamah signs a $71 million deal with Danieli to build a new billet production plantSaudi Arabia-based Al Yamamah Steel Industries has announced that its subsidiary Al Yamamah for Reinforcing Steel Bars Company signed an agreement worth 270 million Saudi riyals (71 million US dollars) with Italian engineering group Danieli on July 14 to build a new steel billet production plant in…
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Severstal's net profit fell by 74% in the second quarter of 2026 amid falling steel pricesRussian metallurgical concern Severstal announced a decrease in net profit by 74% compared to the same period last year to 4.06 billion RUBLES ($51.9 million) in the second quarter of 2026, and revenue decreased by 9% to 169.56 billion RUBLES ($2.17 billion) amid lower average steel prices and an…
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German crude steel production is growing in the first half of the year, W. V. Stahl says the industry needs stronger demand and competitive energy prices.In June of this year, German steel production increased by 9.5 percent year-on-year to 2.93 million tons, according to data released by the German Steel Federation (WV Stahl). In the first half of 2026, German steel production increased by 8.9 percent year-on-year to 18.63 million tons.In June…
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South Africa launches investigation into CR flat steel importsThe South African International Trade Commission has announced that it has initiated a protective investigation into imports of cold-rolled rolled products. The investigation period is from January 1, 2023 to December 31, 2025.The investigation was initiated on the basis of a petition from a local…
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Imports of steel bars from Turkey to Georgia increased by 41.5% in the first half of 2026In the period from January to June of this year, Georgia's total foreign trade turnover with Turkey, which is the country's largest trading partner, amounted to $1.66 billion, including imports of $1.39 billion, up 6.8%, and exports of $267.12 million, up 57.3% year-on-year according to preliminary…
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Since the end of 2021, Metinvest's debt has more than halvedMetinvest B.V. (Netherlands), the parent company of the metals and mining group Metinvest, as of June 30, 2026, reduced its debt to $1.027 billion from $2.242 billion at the end of 2021.According to the annual report of Metinvest B.V. published on Monday, Metinvest has made significant progress in…
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