Metallurgy news
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The Indian company Manaksia Steel is investing $84 million to expand its production capacity for rolled products with added value.India's Manaksia Steel Limited (MSL) has increased investments of $84 million to increase the production capacity of cold-rolled steel and color-coated steel products at its plant located in the eastern port city of Khaldiya in West Bengal, the company said in a statement on Friday, August 14.The…
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Ukrainian scrap market urges government to resume scrap exportsThe Ukrainian Association of Secondary Metals (UAVtormet) has called on the Ukrainian government to lift the zero quota for exports of ferrous metal waste and scrap, arguing that conditions on the domestic scrap market have changed significantly since the restriction was introduced.As SteelOrbis…
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Indian KFIL expects a 69% decrease in consolidated net profit in the 1st quarter of fiscal year 2026-27India's Kirloskar Ferrous Industries Limited (KFIL) generated a consolidated net profit of INR 337 million ($3.53 million) in the first quarter (April-June) of fiscal year 2026-27, down 69.3 percent from the corresponding quarter of the previous fiscal year, according to a report released on…
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In July 2026, China will receive 81% of new shipbuilding orders worldwide.In July of this year, China attracted 81 percent of new shipbuilding orders (2.90 million tons, 111 ships) worldwide, ranking first in the global market for the 16th month in a row, while South Korea took a 16 percent share (0.57 million tons), ranking second, according to the World Bank. the bank…
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Prices of manufactured goods and raw materials in Canada will decrease in June 2026According to Statistics Canada, prices of goods produced in Canada, as measured by the Industrial Goods Price Index (IPPI), decreased by 1.4 percent month-on-month in June and increased by 12.4 percent year-on-year. The prices of raw materials purchased by producers operating in Canada, according…
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The United States is making changes to the final results of an advertising campaign for a round welded pipe from Thailand in accordance with a court decision.The U.S. Department of Commerce (DOC) has announced the amended final results of the administrative review of the Anti-dumping Duty (AD) order on round carbon steel pipes from Thailand for the period from March 1, 2019 to February 29, 2020.DOC amends the final results in accordance with the…
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The United States has published preliminary results of a wire rod advertisement from South KoreaThe US Department of Commerce (DOC) has published the preliminary results of the administrative review of the Anti-dumping Duty (AD) order on carbon and alloy steel wire rod (carbon and alloy steel wire rod) from the Republic of Korea for the period from May 1, 2024 to April 30, 2025.The document…
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The consolidated net loss of the Chilean Grupo CAP increased slightly in the second quarter of 2026Chilean iron ore producer Grupo CAP reported a net loss of $43.4 million in the second quarter of 2026, compared with a loss of $42.7 million in the second quarter of 2025.In comparison, net sales increased by 1.6% to $394.3 million, gross profit increased by 21% to $38.6 million, while EBITDA…
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IEA lowered forecasts of global oil supply and demand for 2026 amid closure of the Strait of HormuzМеждународное энергетическое агентство (МЭА) объявило, что оно пересмотрело в сторону понижения свои прогнозы по мировому рынку нефти на 2026 год на фоне продолжающегося закрытия Ормузского пролива, возобновления боевых действий на Ближнем Востоке и повышения цен на топливо.По данным В настоящее…
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Marcegaglia Sheffield: Expansion of domestic supplies may ease UK concerns about stainless steel quotasMarcegaglia Stainless Sheffield, the British subsidiary of Italian steel producer Marcegaglia Group, said concerns about the impact of steel production quotas on processing industries could be addressed by increasing purchases of domestically produced standard stainless steel products while…
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