Metallurgy news
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Kloeckner Metals expands non-ferrous metals capabilities with acquisition of CamalloyKloeckner Metals Corporation (KMC), a subsidiary of German steel and non-ferrous metals manufacturer and distributor Klöckner & Co., has announced the acquisition of Camalloy, an American non-ferrous metals service center specializing in stainless steel and aluminum.The deal strengthens Kloeckner's…
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The net profit of PJSC Severstal for 2025 decreased by 78.6%, and demand pressure will continue in 2026.Russian Metallurgical Plant Severstal announced financial and operating results for the fourth quarter and full year 2025.According to information published by Severstal, the company's sales revenue for 2025 amounted to 712.89 million rubles ($9.27 million), which is 14.1% less than in the same…
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Domestic sales prices of Turkish metal producers increased by 2.16% in January 2026 compared to DecemberAccording to statistics released by the Turkish Statistical Institute (TUIK), in January this year, the domestic producer price index (PPI) for the Turkish industry as a whole increased by 2.67 percent month-on-month and 27.17 percent year-on-year, while an average increase of 25.39 percent was…
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A trade agreement between India and the United States has been announced by Trump, but key terms and deadlines remain unclear.US President Donald Trump announced on February 3 that India and the US had reached an agreement on a new trade deal after a telephone conversation with Indian Prime Minister Narendra Modi. However, neither Government has yet issued an official joint statement or detailed documentation, leaving the…
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Freeze on scrap metal exports from Ukraine worries Polish steel industry, prompts EU interventionPoland has called on the European Commission to intervene after Ukraine suddenly froze exports of ferrous scrap, alarming both the Polish government and the domestic steel industry and risking opening a new dispute between Warsaw and Kiev, according to Polish media reports.As previously reported by…
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Vietnam's Hoa Phat Group has exceeded its net profit target for 2025Vietnamese steel producer Hoa Phat Group has announced financial results for the fourth quarter and the full year 2025.In the fourth quarter, Hoa Phat Group achieved a net profit of 3.88 trillion dong ($149.38 million), an increase of 29% year-on-year, while the company's sales revenue was 47.33…
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EUROMETAL: Steel sector stabilizes, price expectations continue to strengthenThe latest market sentiment survey by the European Federation for the Distribution and Trade of Steel, Pipes and Metals (EUROMETAL) for January 2026 indicates that the steel distribution sector in Europe entered the new year with greater stability, but with limited momentum, as activity levels…
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Ukraine's Zaporizhstal announced a decrease in iron and steel production in January 2026The Ukrainian Metallurgical Plant Zaporizhstal, owned by Metinvest, announced its production results for January this year.Accordingly, in January, Zaporizhstal produced 249,900 tons of pig iron, 234,400 tons of raw steel and 215,700 tons of finished steel, decreasing by 13.1 percent and 3.5…
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Eldorado Gold acquires Canadian copper producer Foran Mining for $2.8 billionInternational gold mining company Eldorado Gold is buying Canadian copper producer Foran Mining for C$3.8 billion ($2.8 billion).According to a press release from the companies, Foran shareholders will receive 0.1128 shares of Eldorado plus $0.01 per share. As a result, they will own about 24% of…
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EU industry leaders mostly support the "Made in Europe" strategy to protect competitivenessStephane Sejournay, executive vice president of the European Commission for Prosperity and Industrial Strategy, said Europe must adopt a "Made in Europe" strategy to protect its industrial base and reduce over-reliance on external competitors, according to Reuters.In an article published in…
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