Metallurgy news

• India's Welspun Corp forecasts consolidated net profit growth of 53% in the second quarter of fiscal year 2025-2026 India's Welspun Corp, a manufacturer of carbon steel pipes, ductile iron pipes and fittings, achieved consolidated net profit of INR 4.4 billion (USD 49.55 million) in the second quarter (July-September) of fiscal year 2025-26, up 53 percent from the corresponding quarter of the previous year, the... 31.10.2025  10:00

• Net profit of Wujin Sustainable Steel Pipe decreased by 49.14 percent in January-September 2025 Chinese stainless steel manufacturer Wujin Stainless Steel Pipe Group Co.,Ltd, based in Jiangsu Province, announced that for the period from January to September, its operating revenue was 1.718 billion yuan (0.24 billion U.S. dollars), down 17.79 percent from last year, and its net profit was... 31.10.2025  10:00

• More materials from the museum An interesting fact is that NLMK made and presented St. Petersburg with a Glory Column in 2003 on the occasion of its 300th anniversary, which is located near the Trinity Cathedral on Izmailovsky Prospekt.The cast-iron part in the form of copies of Turkish cannons was cast in Lipetsk. The entire... 31.10.2025  10:00

• Shanxi Coking Coal's net profit decreased by 49.62 percent in January-September 2025 Major Chinese coking coal producer Shanxi Coking Coking Coal Energy Group Co., Ltd announced operating revenue of 9.122 billion yuan (US$1.3 billion) between July and September this year, down 20.84 percent year-on-year, and net profit of 420 million yuan (US$59.2 million), down 52.24 percent less ... 31.10.2025  09:00

• Baosteel reported a net profit of 7.959 billion yuan for January-September 2025 Major Chinese steel producer Baosteel announced that its operating revenue for the period from January to September this year was 232.436 billion yuan (32.7 billion U.S. dollars), down 4.29 percent from last year, and net profit was 7.959 billion yuan (1.12 billion U.S. dollars) for the period.... 31.10.2025  09:00

• Goldman Sachs Group Inc. raised its forecast for iron ore prices for 2026 to 93 per tonne due to macroeconomic support, inventory reduction and steady steel production in China. The Bank still expects iron ore prices to drop to $88 per tonne next year by the last quarter of 2026, as China's steel sector is already experiencing oversupply again.Global iron ore shipments increased 15% year-on-year this quarter, which is likely to exacerbate seasonal inventory growth at ports... 31.10.2025  09:00

• Round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metals invites you on November 13 this year. in St. Petersburg for a round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metalsThe key issues of the round table will be:- exchange of views on the current situation in the markets of raw materials and rolled non-ferrous... 31.10.2025  08:00

• Recycled steel use is declining worldwide Global secondary steel consumption in key regions fell 6.9% year-on-year to 235.96 million tonnes, accounting for 76% of global steel production. In the first half of 2025, recycled steel consumption fell in China, the EU-27, the US, Japan and South Korea, while India and Turkey recorded... 31.10.2025  07:00

• Canadian Algoma Steel reports a net loss for the third quarter Canadian steel producer Algoma Steel has announced its financial and operating results for the third quarter ended September 30, 2025 fiscal year.In the third quarter, the company recorded a net loss of CAD$485.1 million, compared to a net loss of CAD$106.6 million in the same period last year, and... 31.10.2025  01:00

• Brazilian company CBMM plans to increase niobium production ahead of demand CBMM, the world's largest producer of niobium ferroalloys, has announced plans to increase niobium production in anticipation of growing demand. According to CEO Eduardo Mencarini and Brazilian press reports, CBMM production is projected to reach 100,000 tons in 2025, up from 95,000 metric tons in... 31.10.2025  01:00