Metallurgy news
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European industries urge EU to revise carbon market rulesThirteen European industry associations have called for reform of the EU Emissions Trading System (EU ETS) to strengthen protection against carbon leakage to countries with less stringent climate rules. Their proposals include retaining free allowances, directing auction revenues to decarbonisation…
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French metal industry output rises 0.1% in SeptemberOutput of basic metals and fabricated metal products in France rose 0.1% in September 2026 from August. Production in the sector had fallen 0.2% in the previous month, the French National Institute of Statistics and Economic Studies (INSEE) reported.Overall manufacturing output increased 0.5% month…
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You Fa Steel Pipe posts RMB 197 million profit for January–SeptemberTianjin-based Chinese steelmaker You Fa Steel Pipe reported net profit of RMB 197 million for January–September 2026, down 60.68% from a year earlier. Revenue rose 2.86% to RMB 39.079 billion.The company attributed the decline in profit to demand falling short of expectations. In the third quarter…
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China’s ferrous metals PPI falls 0.4% in January–OctoberChina’s producer price index (PPI) for ferrous metal smelting and rolling fell 0.4% year on year in January–October 2026. The decline was 0.1 percentage point slower than in January–September, according to the National Bureau of Statistics of China.In October, prices in the sector rose 0.4% from a…
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Ekinciler raises nine-month net profit by 22.4%Turkey’s Ekinciler Demir ve Çelik Sanayi A.Ş., a steelmaker based in Iskenderun, reported its results for January–September 2026. Net profit rose 22.4% year on year to TRY 492.65 million (about $9.8 million), while revenue increased 28.1% to TRY 19.24 billion ($383.3 million).Operating profit fell…
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GSM Tanzania orders furnace for planned rolling complexGSM Tanzania has contracted Danieli Centro Combustion India to supply a reheating furnace with a capacity of 50 tonnes per hour. The equipment is intended for a planned bar and wire rod rolling complex at Tanzania’s Kilimanjaro Industrial Park, Italian company Danieli said. The investment is…
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China edges past Russia as Turkey’s top billet supplierTurkey’s billet and bloom imports rose 11.8% year on year to 3.62 million tonnes in January–September 2026. China became the country’s largest supplier for the period, narrowly overtaking Russia. Preliminary data from the Turkish Statistical Institute (TÜİK) show that imports reached 287,659 tonnes…
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Borusan Pipe more than doubles profit and raises EBITDA margin outlookTurkish steel pipe producer Borusan Pipe reported net profit of $84 million for January–September 2026, up from $38 million a year earlier. Revenue rose 22.6% to $1.615 billion, according to the company’s interim activity report.Sales volume, however, declined 1.1% to 957,800 mt. Overseas markets…
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China’s major steelmakers cut crude output by 7% in late OctoberAverage daily crude steel output at large and medium-sized Chinese steelmakers belonging to the China Iron and Steel Association (CISA) was 1.76 million tonnes from October 21 to 31, 2026. That was 7% lower than in the preceding ten-day period.Output averaged 1.894 million tonnes a day in…
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Tata Steel's Q2 net profit rises 16%India's Tata Steel reported consolidated net profit of INR 37 billion ($393.31 million) in the second quarter of fiscal 2026-27, covering July to September. That was 16% higher than in the same period a year earlier, the company said on November 9.Revenue rose 11% to INR 654.36 billion ($6.96…
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