Metallurgy news
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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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India's core sector output will grow 5% in June 2026, the highest in five monthsIndia's nine infrastructure industries designated as "core sectors" recorded five percent year-on-year growth in June 2026, the fastest growth rate in five months, according to government data released on Tuesday, July 21.Traditionally, the eight core industries are coal, crude oil, natural gas…
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Özyaşar Tel's subsidiary in the USA has started sales and completed the first order.Turkish wire manufacturer Özyaşar Tel has announced that its U.S. subsidiary, Ozyasar Wire North America, has officially started sales on May 6, 2026.According to the company, the subsidiary completed its first sale for a total of $911,659.The subsidiary plans to sell $9 million this year…
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China's steel bar exports increased 10.8 percent in the first half of 2026Between January and June this year, China's steel bar exports totaled 10.01 million tons, up 10.8 percent year-on-year, while wire rod exports totaled 1.36 tons, down 5.6 percent year-on-year, according to the General Administration of Customs of China (GAAC). At the same time, China's export…
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India's SMEL consolidated net profit grew by 18% in the first quarter of fiscal year 2026-2027The Indian company Shyam Metallics and Energy Limited (SMEL) achieved a consolidated net profit of INR 3,450 million (US$35.77 million) in the first quarter (April-June) of fiscal year 2026-27, up 18 percent from last year, according to a company statement on Tuesday, 21 July.The company reported…
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U.S. crude steel production fell 0.5 percent – Week 29 of 2026According to the American Iron and Steel Institute (AISI), for the week ended July 18, 2026, domestic crude steel production in the United States was 1.830 million net tons, and the capacity utilization rate was 79.3 percent.Production for the week ended July 18, 2026 decreased 0.5 percent compared…
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Brazil's CRC exports and imports increased in June compared to MayAccording to Secex, the secretariat of foreign trade of the Ministry of Development, Industry and Foreign Trade, Brazil exported 13,000 metric tons (t) of CRC in June and imported 36,300 tons, compared with 3,000 tons exported and 8,600 tons imported CRC.In June, Usiminas exported 9,200 tons of CRC…
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Ferrexpo iron ore production fell in H1 2026 amid challenging operating environmentSwiss-headquartered mining company Ferrexpo, whose main interests are in Ukrainian iron ore assets, announced production results for the first half of 2026.In the first half of this year, the company's iron ore production fell 54.1% year on year to 1.56 million tons. In particular, the company's…
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Increase in the number of drilling rigs in the USA and Canada – week 29, 2026Baker Hughes reported that for the week ending July 17, 2026, the number of rotary drilling rigs in the United States increased by seven rigs each week to 588.The number of drilling rigs for gas production remained unchanged at 126, while the number of drilling rigs oil production increased by…
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Italian steel production increased by 6.1 percent in June 2026According to the latest data from Federacciai, the Italian Federation of Steel Companies, Italy's crude steel production totaled 1.9 million tons in June 2026, compared with 2.0 million tons in May, and increased by 6.1 percent year-on-year. In the first six months of this year, unrefined steel…
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