Metallurgy news
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China Railway Group's volume of new contracts decreased by 9.3% in the first half of the yearChina Railway Group, Llc. She announced that this year, by the end of June, the total volume of new contracts for 2026 has reached 1.00568 trillion yuan (0.15 trillion dollars), which is 9.3 percent year-on-year.In the first three months, the value of new contracts was only 338.51 billion yuan ($50…
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CISA urges Chinese metallurgists to strictly comply with the steel export licensing system in the next stageAccording to the Chinese Association of Ferrous Metallurgy (CISA), in the first six months of 2026, steel exports from China showed a general downward trend in volumes at stable prices, while exports of billets increased significantly. Foreign authorities have initiated 12 original investigations…
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Algoma Steel reported a net loss for the 2nd quarter of 2026, demonstrating record sales of rolled steel for the second quarter in a row.Canada's Algoma Steel Group Inc. announced a net loss of 96.0 million Canadian dollars for the second quarter of 2026, compared with a net loss of 110.6 million Canadian dollars in the second quarter of 2025, an increase of 13% over the same period last year. Revenue for the second quarter was…
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Steel production in the United States increased by 0.6 percent - 31 weeks of 2026According to the American Institute of Ferrous Metallurgy (AISI), for the week ended August 1, 2026, domestic steel production in the United States amounted to 1.870 million tons, and the capacity utilization rate was 81.0%.Production volume for the week ending August 1, 2026 increased by 0.6…
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The export of sheet metal from the USA in May 2026 decreased by 16.5% compared to AprilAccording to the export data of the US Department of Commerce, the export of tinplate from the United States in May this year amounted to 2,346 tons, which is 16.5% less than in the previous month and 34.1% year-on-year. In value terms, tinplate exports in May totaled $3.0 million, compared with…
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The number of drilling rigs in the USA and Canada has increased - the 31st week of 2026Baker Hughes reported that in the week ended July 31, 2026, the number of drilling rigs in the United States increased by one rig per week to 588.The number of drilling rigs producing gas remained unchanged at 127, while the number of oil drilling rigs increased by one to 451. The total number of…
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Imports of rolled plates from the United States in May 2026 increased by 78.6% compared to AprilAccording to preliminary census data conducted by the U.S. Department of Commerce, imports of rolled steel products in the United States totaled 64,344 tons in May this year, up 78.6 percent from April and 35.7 percent less than in May 2025. In value terms, the volume of rolled steel imports in May…
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South Korean POSCO reported profit growth for the 2nd quarter of 2026, despite difficult market conditionsSouth Korean steel manufacturer Pohang Iron and Steel Co. (POSCO) has announced its consolidated financial results for the second quarter of this year.In the reporting period, the company reported an operating profit of 429 billion Korean won ($300.53 million), an increase of 19.8 percent from the…
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Kardemir Celik completes IPO and announces growth goalsБазирующийся в Измире турецкий производитель стали Kardemir Çelik Sanayi A.Ş. завершил процесс первичного публичного размещения акций и с июля начал торги на рынке Borsa Istanbul Stars под тикером KARCL 31, 2026.Как ранее сообщал SteelOrbis , спрос на акции компании был собран 22-24 июля 2026 года…
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Emsteel in the UAE demonstrated strong financial performance in the first half of 2026UAE-based steel company EMSTEEL has announced its financial results for the second quarter and the first half of this year.In the second quarter, the company's revenue was 2.4 billion dirhams UAE ($653.5 million), up 11 percent year-on-year from a year earlier, while EBITDA increased 67%…
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