Metallurgy news
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Outokumpu returns to profit in the second quarter of 2026 on the back of higher shipments and improved performance in EuropeFinnish stainless steel manufacturer Outokumpu announced that its sales revenue increased 6.5 percent year-on-year to €1.58 billion in the second quarter of 2026, while adjusted EBITDA increased 33.3 percent to €100 million, mainly due to improved performance in Europe and continued strong results…
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Production halted at three Shanxi coking coal minesCoal producer from Shanxi Province Shanxi Coking Coal Energy Group Co., Ltd. (Shanxi Coking Coal) announced that the mining licenses and safe production licenses for its subsidiary Xiqu, Zhenchengdi and Malan Mine have recently expired. The Xiqiu mine suspended operations on July 23, 2026, and the…
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British Steel appoints new board after UK government nationalizationBritish Steel has appointed a new board of directors following its nationalization by the UK government, bringing together experienced executives from the steel, manufacturing, engineering and government sectors to oversee the company's long-term development.The newly appointed board of directors…
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India's MOIL limited expects 70% net profit growth in the first quarter of fiscal year 2026-2027Indian state-owned manganese mining company MOIL limited posted a net profit of INR 876.20 million ($9.15 million) in the first quarter (April-June) of fiscal year 2026-27, up 70 percent from the corresponding quarter of the previous fiscal year, the company reported on Thursday, July 30.The…
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The Indian Defense Laboratory is transferring technology for manufacturing defense-grade sheet steel to the SAIL steel mill in RourkelaThe Rourkela Steel Mill (RSP) of the Steel Authority of India Limited (SAIL) has received technology for the production of DMR-249B defense grade steel sheets from the Defense Metallurgical Research Laboratory (DMRL), the company said in a statement on Thursday, July 30.DMRL is a laboratory under…
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Rebar imports to the United States in May 2026 increased by 21.3 percent compared to AprilAccording to preliminary data from the U.S. Department of Commerce, rebar imports to the United States totaled 125,530 tons in May this year, up 21.3 percent month-on-month and 70.1 percent year-on-year. In value terms, rebar imports totaled $68.61 million in May this year, compared with $54.40…
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Brazil's new round of steel import quotas reduced by 11 percentThe Brazilian foreign trade system Siscomex has approved a new round of quotas that will be allowed for imports at the usual tax rates, from 9 to 16 percent. Volumes exceeding quotas are subject to a 25% import tax.The total volume approved on June 26, valid until October 25, 2026, is 394,657…
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US OCTG exports in May 2026 were down 39.6 percent compared to AprilAccording to the US Department of Commerce, US exports of petroleum tubular goods (OCTG) totaled 7,607 tons in May of this year, down 39.6 percent from April and 48.4 percent from May 2025. In value terms, OCTG exports stood at $21.08 million in May, up from $30.76 million in the previous month and…
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Rio Tinto's net profit rose 47 percent in the first half of the year on the back of strong iron ore production in the Pilbara.Australian mining giant Rio Tinto recorded consolidated sales revenue of $31.03 billion in the first half of 2026, up 15 percent from last year, while its underlying EBITDA increased by 28 percent to $14.83 billion and net income increased by 47 percent to $6.66 billion, driven by higher raw…
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Voestalpine doubles production capacity at Indiana plant with 70 million Euro investmentAustrian steelmaker Voestalpine has announced the official opening of a new manufacturing facility in Jeffersonville, Indiana, doubling the plant's production capacity as part of a 70 million euro investment aimed at strengthening its position in the North American commercial vehicle market.The new…
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