Metallurgy news

• Tokyo Steel forecasts a 23% revenue decline in the first half of fiscal year 2025-26, lowering its profit forecast for the full year. Japanese company Tokyo Steel has announced interim consolidated financial results for the first half of the year ending September 30, 2025-26 fiscal year.In the quarter, the company reported a net profit of 4.57 billion yen ($30.37 million), compared with a net profit of 9.83 billion yen in the... 20.10.2025  14:00

• The Russian company olkon has completed key infrastructure work to increase iron ore production The Russian olenegorsk Mining and Processing Plant (olkon), part of the Russian metallurgists group Severstal, has completed the construction of new infrastructure at the Pechegubsky deposit, which became an important milestone in the long-term investment strategy to expand iron ore production... 20.10.2025  13:00

• A brief summary of Severstal's financial statements (for 9 months 2025 and Q3 2025 Sales of metal products: 5 % YoY 8,303 thousand tons. Revenue: -14 % YoY 543,328 million rubles (due to lower prices).EBITDA: -40% YoY 114,154 million rubles. EBITDA margin: 21% (-9 percentage points YoY).Q3 2025 vs Q3 2024 results:Cast iron production: 12 % YoY 2.69 million tons. Steel production:... 20.10.2025  13:00

• Industrial output in China's steel sector rose 5.7 percent in January-September 2025 In January-September this year, value-added industrial output in the ferrous smelting and rolling sector in China rose 5.7 percent year on year, China's National Bureau of Statistics (NBS) announced on October 20.In September alone, value-added industrial output in the smelting and rolling sector... 20.10.2025  12:00

• Turkish exporters are looking for investment opportunities in Germany To help its members learn about the investment and registration processes in Germany, the Turkish Aegean Exporters Association organized an information event entitled "Northern Germany - Your Gateway to Europe" in Izmir on October 15 in cooperation with the Schleswig-Holstein Investment and... 20.10.2025  12:00

• China's coke production will grow by 3.5 percent in January-September 2025 Between January and September this year, China's metallurgical coke output was 377.16 million tons, up 3.5 percent year-on-year, China's National Bureau of Statistics (NBS) reported.In the first nine months of this year, China's raw coal production totaled 3.57 billion tons. an increase of 2.0... 20.10.2025  11:00

• Steel production in China in September amounted to 73.49 million tons, which is 2.9% less than in January-September 2025. In September of this year, China's production of pig iron, crude steel and finished steel amounted to 66.05 million tons, 73.49 million tons and 124.21 million tons, down 2.4 percent, down 4.6 percent and up 5.1 percent year-on-year, and down 5.4 percent, down 5.0 percent and increased by 1.2... 20.10.2025  11:00

• In January-September 2025, China's FAI will decrease by 0.5 percent Between January and September this year, China's total fixed asset investment (FAI) (excluding rural households) was 37.1535 trillion yuan (US$5.2 trillion), down 0.5 percent from last year, China's National Bureau of Statistics announced (NBS).In the first nine months, the total number of FAIs in... 20.10.2025  10:00

• India's Jindal SAW expects consolidated net profit to fall by 64% in the second quarter of fiscal year 2025-2026. Indian company Jindal SAW Limited, a manufacturer of submerged welded steel pipes and a pellet manufacturer, reported consolidated net profit of INR 1,518.90 million (US$17.30 million) for the second quarter (July-September) of fiscal year 2025-26, which is 64.18 percent less than last year.... 20.10.2025  10:00

• Copper supply shortage looms Copper recycling, by recycling scrap copper, can help alleviate supply constraints. Mckinsey partner Sergei Sokolov and his colleagues note that the volume of copper scrap received from consumers has been growing steadily for 40 years, and will grow by 4% annually until 2050. The rise in scrap use... 19.10.2025  17:00