Metallurgy news
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Algoma Steel reported a net loss for the 2nd quarter of 2026, demonstrating record sales of rolled steel for the second quarter in a row.Canada's Algoma Steel Group Inc. announced a net loss of 96.0 million Canadian dollars for the second quarter of 2026, compared with a net loss of 110.6 million Canadian dollars in the second quarter of 2025, an increase of 13% over the same period last year. Revenue for the second quarter was…
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Steel production in the United States increased by 0.6 percent - 31 weeks of 2026According to the American Institute of Ferrous Metallurgy (AISI), for the week ended August 1, 2026, domestic steel production in the United States amounted to 1.870 million tons, and the capacity utilization rate was 81.0%.Production volume for the week ending August 1, 2026 increased by 0.6…
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The export of sheet metal from the USA in May 2026 decreased by 16.5% compared to AprilAccording to the export data of the US Department of Commerce, the export of tinplate from the United States in May this year amounted to 2,346 tons, which is 16.5% less than in the previous month and 34.1% year-on-year. In value terms, tinplate exports in May totaled $3.0 million, compared with…
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The number of drilling rigs in the USA and Canada has increased - the 31st week of 2026Baker Hughes reported that in the week ended July 31, 2026, the number of drilling rigs in the United States increased by one rig per week to 588.The number of drilling rigs producing gas remained unchanged at 127, while the number of oil drilling rigs increased by one to 451. The total number of…
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Imports of rolled plates from the United States in May 2026 increased by 78.6% compared to AprilAccording to preliminary census data conducted by the U.S. Department of Commerce, imports of rolled steel products in the United States totaled 64,344 tons in May this year, up 78.6 percent from April and 35.7 percent less than in May 2025. In value terms, the volume of rolled steel imports in May…
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South Korean POSCO reported profit growth for the 2nd quarter of 2026, despite difficult market conditionsSouth Korean steel manufacturer Pohang Iron and Steel Co. (POSCO) has announced its consolidated financial results for the second quarter of this year.In the reporting period, the company reported an operating profit of 429 billion Korean won ($300.53 million), an increase of 19.8 percent from the…
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Kardemir Celik completes IPO and announces growth goalsБазирующийся в Измире турецкий производитель стали Kardemir Çelik Sanayi A.Ş. завершил процесс первичного публичного размещения акций и с июля начал торги на рынке Borsa Istanbul Stars под тикером KARCL 31, 2026.Как ранее сообщал SteelOrbis , спрос на акции компании был собран 22-24 июля 2026 года…
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Emsteel in the UAE demonstrated strong financial performance in the first half of 2026UAE-based steel company EMSTEEL has announced its financial results for the second quarter and the first half of this year.In the second quarter, the company's revenue was 2.4 billion dirhams UAE ($653.5 million), up 11 percent year-on-year from a year earlier, while EBITDA increased 67%…
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Indian company BCL plans to increase coking coal production by five percent in July 2026Bharat Coking Coal Limited (BCCL), a subsidiary of state-owned Coal India Limited (CIL), produced 2.37 million tons of coking coal in July 2026, up 4.6% from the corresponding month of the previous year, according to a company statement released on Monday, August 3.The total production of coking…
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Palestine and Peru will lead to changes in the Turkish rebar export markets in the first half of 2026In June of this year, the volume of rebar exports from Turkey increased by 63.7% year-on-year and by 62.5% month-on-month to 479,674 metric tons, according to data provided by the Turkish Statistical Institute (TUIK). The volume of these exports amounted to $281.30 million, which is 77.9% more than…
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