Metallurgy news
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Hankook Steel will supply shipbuilding casting for Samsung Heavy IndustriesSouth Korean company Hankook Steel & Technology announced the signing of a contract worth 2.56 billion Korean won ($1.8 million) with South Korean shipbuilder Samsung Heavy Industries for the supply of stern castings used in shipbuilding, according to a disclosure published in the corporate…
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Vietnam's steel imports in July 2026 decreased by 4.8% compared to JuneAccording to data released by the General Administration of Customs of Vietnam, in July of this year, steel imports to Vietnam amounted to 1.37 million tons, which is 4.8% less than in June, while scrap metal imports amounted to 612,434 tons, an increase of 1.3% compared to the same month.In the…
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Hoa Phat plans to expand the $765 million Dung Quat Rail Steel projectVietnamese steel company Hoa Phat Group plans to additionally invest 20 trillion dong (about 765 million dollars) in its rail and special steel production project in the Dongquat Economic Zone, expanding the project area by almost 77 hectares and increasing the annual production capacity by two…
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MMK has resumed operation of blast furnace No. 7 after major repairs worth 4.8 billion rubles.Magnitogorsk Iron and Steel Works (MMK), a Russian steel producer, announced the resumption of operation of blast furnace No. 7 after a one-year overhaul worth 4.8 billion rubles. The furnace has reached its operating parameters, which allows the company to carry out a program for the production of…
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India's GAIL expects consolidated net profit growth of 2.7% in the 1st quarter of fiscal year 2026-27India's Godavari Power and Ispat Limited (GPIL) generated a consolidated net profit of INR 2,217.40 million ($23.26 million) in the first quarter (April-June) of fiscal year 2026/27, up 2.7% from last year, according to a company statement on Tuesday, August 11.The company reported total sales…
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New Zealand Steel Company produces the first environmentally friendly steel at Glenbrook EAF plantNew Zealand Steel, a subsidiary of Australian steel manufacturer BlueScope, has announced the start of industrial steel production in its new electric arc furnace (EDP) at the Glenbrook steel mill, located about 60 km south of Auckland, marking an important milestone in the decarbonization of the…
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Hyundai Steel returns to net profit in Q2 2026 amid rising sales and pricesSouth Korean steel manufacturer Hyundai Steel announced that its consolidated revenue in the second quarter of 2026 was 6.11 trillion Korean won ($4.40 billion), an increase of 6.4% compared to the previous quarter and 2.7% year-on-year due to increased sales volumes and higher prices for key…
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The volume of traffic on the Chinese Daqin Railway increased by 6.7% in January-July 2026The volume of transportation by Daqin Railway in China for the period from January to July this year amounted to 235 million tons, which is 6.7% more than in the same period last year.In July alone, Daqin Railway traffic totaled 31.53 million tons, down 0.82% year-on-year, following a 13.79%…
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Indian company JSW Steel Limited forecasts a 3% increase in crude steel production in July 2026India's JSW Steel Limited reported steel production of 2.402 million tons in July 2026, up three percent from last year, according to a company statement released on Tuesday, August 11.The volume of steel production in India in July 2026 was 2.339 million tons, which is four percent more than last…
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Imports of pig iron and steel to Canada increased by 10 percent in June 2026According to Statistics Canada, imports of pig iron and steel into the country in June 2026 amounted to 1.87 million tons, which is 10.2% more than last year. In value terms, imports of pig iron and steel in June 2026 amounted to $897.26 million, compared with $840.85 million in the same month last…
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