Metallurgy news
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Gross profit of Chinese steel enterprises will rise to 109.83 billion yuan in 2025China's ferrous metal smelting and rolling sector recorded gross profit of 109.83 billion yuan (US$15.9 billion) in 2025, up 299.2 percent from gross profit of 29.19 billion yuan recorded in 2024, China's National Bureau of Statistics (NBS) announced on 27 January.The automobile sector recorded…
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China's stainless steel exports to decrease by 0.26 percent in 2025According to the Chinese customs authorities, in 2025, the import and export of stainless steel to China amounted to 1.5192 million tons and 5.0311 million tons, which increased by 19.09 percent and 0.26 percent year-on-year, respectively.In December alone, China's stainless steel imports and…
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Algoma Steel and Hanwha Ocean sign Memorandum of Understanding to support future Canadian submarine projectJanuary 26, 2026 Canadian company Algoma Steel Group Inc. entered into a binding memorandum of understanding (MOU) with Hanwha Ocean Co., Ltd.Both companies have agreed to enter into a long-term strategic agreement with a potential value of US$250 million (approx. C$345 million) under this…
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The number of drilling rigs in the US and Canada will increase - third week of 2026.Baker Hughes reported that for the week ended January 23, 2026, the number of rotary drilling rigs in the United States increased by 1 to 544.The number of gas production rigs remained unchanged at 122, and the number of oil production rigs increased by 1 to 422. The total number of drilling rigs…
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U.</p><p>S. crude steel production rose 1.3 percent in the third week of 2026According to the American Institute of Iron and Steel (AISI), for the week ending January 24, 2026, domestic production of raw steel in the United States amounted to 1,778 million net tons, and the capacity utilization rate was 76.9 percent.Production for the week ending January 24, 2026 increased…
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The United States has published preliminary results of a review of CVD valves from the Turkish company ColakogluThe U.S. Department of Commerce (DOC) announced the preliminary results of the administrative review of the countervailing duty ruling on rebar from Turkey during the review period from January 1, 2023 to December 31, 2023.DOC has tentatively determined that countervailing subsidies are being…
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Japan's crude steel production decreased by four percent in 2025In December last year, Japan's crude steel production decreased by three percent from the previous month and decreased by 4.8 percent from December 2024, totaling 6.57 million tons, according to data released by the Japan Federation of Ferrous Metallurgy (JISF).Meanwhile, in the specified month…
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The production of base metals in Taiwan increased by 5.36 percent in December 2025 compared with NovemberAccording to Taiwan's Ministry of Economy (MOEA), Taiwan's industrial production index rose 11.01 percent last December from the previous month and 21.57 percent year-on-year. Meanwhile, Taiwan's seasonally adjusted industrial production index increased by 5.80 percent month-on-month and by 18.12…
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Indian JSW Steel Ink Pact with CSIR-CRRI for Road Construction using Steel SlagThe Central Scientific and Industrial Research Institute of India (CSIR-CRRI) and Indian steel manufacturer JSW Steel Limited have signed a cooperation agreement on the construction of roads using steel slag, according to a joint statement on Monday, January 26.The strategic cooperation is aimed at…
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Tokyo Steel recorded a decline in net profit in April-December fiscal year 2025-26Japanese company Tokyo Steel announced interim consolidated financial results for the nine-month period ending December 31 of the 2025-26 fiscal year.In the period, the company reported net profit of 9.40 billion yen ($61.13 million), compared with net profit of 16.86 billion yen in the same period…
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