Metallurgy news
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Bayi Steel expects a net loss of 1.85-2.05 billion yuan in 2025Chinese steel company Bayi Iron and Steel Co., Ltd. (Bayi Steel) of the Xinjiang Autonomous Region said it expects a net loss of 1.85-2.05 billion yuan ($0.26-0.29 billion) in 2025, compared with a net loss of 1.752 billion yuan recorded in 2024.The company said the steel industry is in a period of…
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NBS: In mid-January 2025, local Chinese rebar prices increased by 0.3 percentIn mid-January (January 11-20) of this year, the average price in China for 20mm HRB 400E rebar increased by 10.9 yuan/ton (US$1.6/ton) or 0.3 percent to 3,202.5 yuan/ton (US$457.5/ton) compared to the price at the beginning January (January 1-10), as announced by the National Bureau of Statistics…
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Trade deficit in finished steel in Brazil decreased in physical terms, but increased in value in DecemberAccording to SECEX, Brazil's foreign trade body, Brazil exported 156,937 tons of finished carbon steel products in December at a price of 98.638 million US dollars, and imported 237,983 tons at a price of 172.290 million US dollars.By comparison, Brazil exported 209,929 tons of finished carbon…
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Kazakhstan's Qarmet begins construction of a new rolling mill, plans to supply rebar in 2026Kazakh metallurgical plant Qarmet announced the start of construction of a new rolling mill at its steel plant. According to the company, the facility is planned to be put into operation within a year, and the first commercial deliveries of fittings are expected before the end of the year.The…
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EEC extends AD duty on welded stainless steel pipes from ChinaThe Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union (EAEU), which includes Belarus, Kazakhstan, Kyrgyzstan, Russia and Armenia, announced that it has decided to extend the current anti-dumping duties (AD) on welded pipes, tubes and hollow stainless steel…
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The Metinvest Adria project in Piombino is ahead, construction is still not underway due to financing and permitting issuesAccording to local press reports, between 2025 and early 2026, the project of the new Metinvest Adria steel plant at the former Lucchini site in Piombino has made significant progress in institutional terms, although it has not yet entered the operational construction stage.As previously reported…
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Global crude steel production decreased by two percent in 2025Global crude steel production in December last year decreased by 3.7 percent year-on-year to 139.6 million tons, according to the World Steel Manufacturers Association (Worldsteel).For the full year, global crude steel production fell by two percent year-on-year to 1.8 billion tons.In December…
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Fortescue records highest ever iron ore shipments in first half of FY 2025-26Australian iron ore company Fortescue Metals Group has announced its operating results for the second quarter and first half ended December 31 of the 2025-26 financial year.In the second quarter, the company's iron ore shipments rose one percent from the first quarter and two percent year-on-year…
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India's steel exports grew 4 percent year-on-year in 2025, shipments reached a 4-year high in the second half of the yearIndia's steel exports (including stainless steel) grew 4 percent year-on-year to 8.59 million tons in fiscal year 25, according to preliminary BigMint data.The slight increase of 4 percent year-on-year also marks a sharp turnaround from the first half of the year, during which export volumes…
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Alcoa increased its net profit by 12%The American aluminum company Alcoa increased its net profit by 12% in the fourth quarter, while the adjusted figure and revenue turned out to be better than analysts' expectations.According to the company's press release, its net income in October-December was $226 million, or 85 cents per share…
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