Metallurgy news
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Uralvagonzavod cuts 10% of staffAt the same time, Kazakhstan will buy 300 locomotives and 3,000 units of agricultural machinery from the United StatesThe American John Deere company will assemble at least 3 thousand units of agricultural machinery in Kazakhstan, the deal value will amount to 2.5 billionPoor prospects for the…
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CSN reported net profit in the third quarter of 2025Brazilian steel and iron ore producer Companhia Siderúrgica Nacional (CSN) reported a net profit of 76 million reais ($14.26 million) for the third quarter of 2025, compared with a net loss of 731.6 million reais for the third quarter of 2024. This is the company's first quarterly net profit in…
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Brazil's pig iron exports increased sharply in OctoberBrazilian pig iron exports reached 460,100 tons in October against 295,300 tons in September, according to the SECEX foreign trade agency.The main reason for the increase in volume is that shipments to the United States increased by 53 percent. The destinations in October were the United States…
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Trump has reached an agreement with Central Asia on the supply of rare earth metals (REM)Trump announced his intention to diversify purchases of critically important minerals during a meeting with the leaders of five Central Asian countries. At a dinner at the White House with the participation of the heads of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan, Trump…
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Nippon Steel increased revenue by 5.8%Nippon Steel Corp., Japan's largest steel company. increased revenue by 5.8% in the first half of fiscal year 2025, but reported a net loss, while the company lowered its forecast for the current fiscal year due to unfavorable market conditions and continued high uncertainty. 243.3 billion yen for…
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Deutsche Bahn is partnering with Saarstahl Rail to use environmentally friendly steel in a sustainable railway infrastructure.Germany's national railway operator Deutsche Bahn (DB) has announced a partnership with Saarstahl Rail, a manufacturer of low-carbon rails within the German long products manufacturer Saarstahl Group, to promote the use of environmentally friendly steel in railway infrastructure.This cooperation…
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ArcelorMittal reports 72% increase in net profit for January-September 2025Luxembourg steel producer ArcelorMittal has announced its financial results for the third quarter and the first nine months of the current year.In the third quarter of this year, ArcelorMittal recorded a net profit of $377 million compared to $1.79 billion in the second quarter, while its sales…
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Severstal completes major repairs of electric arc furnace at CherMKThe Russian steel company Severstal has announced the completion of the autumn overhaul program for the electric steel production chain at the Cherepovets Metallurgical Combine (CherMK).The large-scale repairs included complex work on electric arc furnace No. 1, ladle furnace No. 2 and a continuous…
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ArcelorMittal to build steel powder production plant in SpainThe Luxembourg-based ArcelorMittal steel company has received an environmental permit from the Principality of Asturias to build a new industrial steel powder plant in Aviles, northern Spain, according to local media reports. This approval marks an important step in the company's strategy to…
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The German company Klöckner reported a decrease in net loss for the third quarter of 2025Klöckner & Co., a German manufacturer and distributor of steel and non-ferrous metals, announced its financial results for the third quarter and the period from January to September of this year.In the third quarter, the company recorded a net loss of 13 million euros, compared with a net loss of…
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