Metallurgy news
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Thyssenkrupp is actively negotiating with India's Jindal Steel to sell its steel business.Thyssenkrupp, a German industrial group, is actively negotiating with India's Jindal Steel International, which has expressed interest in its steel business, Thyssenkrupp Steel Europe (TKSE).Last month, Jindal Steel made a preliminary offer to buy TKSE, Europe's second-largest steel producer. The…
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Cleveland-Cliffs reports lower third-quarter net incomeAmerican mining and production company Cleveland-Cliffs Inc. reported financial results for the third quarter of 2025.The company reported total revenue of $4.7 billion in the third quarter, up from $4.9 billion in the second quarter of 2025. Adjusted EBITDA in the third quarter was $143 million…
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U.S. crude steel production rose 1.3 percent in week 43 of 2025According to the American Iron and Steel Institute (AISI), for the week ended October 18, 2025, U.S. domestic crude steel production was 1.744 million net tons, with a capacity utilization rate of 76.1 percent.Production for the week ended October 18, 2025 increased 1.3 percent from the previous…
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The number of drilling rigs in the US and Canada will increase - Week 43 of 2025.Baker Hughes reported that for the week ended October 17, 2025, the number of rotary drilling rigs in the United States increased by 1 to 548.The number of gas production rigs increased by 1 to 121, and the number of oil drilling rigs remained at 427. The total number of drilling rigs in the United…
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Brazil's Finished Steel Commercial Balance Deficit Decreased in SeptemberAccording to SECEX, Brazil's foreign trade body, Brazil exported 140,859 tons of finished carbon steel products in September at a price of 104.104 million US dollars, and imported 252,822 tons at a price of 176.279 million US dollars.For comparison, Brazil exported 87,919 tons of finished carbon…
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Shipments of CR steel strips in Japan in August 2025 decreased by 9.1 percent compared to JulyIn August this year, shipments of cold-rolled sheet and strip in Japan fell 9.1 percent month-on-month and increased 9.4 percent year-on-year to 376,317 metric tons. According to the Japan Iron and Steel Federation (JISF), 45.7 percent of shipments were made to the domestic market and the remaining…
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The Cleveland-Cliffs Steelton plant will officially close in early 2026.The Cleveland-Cliffs company has announced the final closure of its Stilton plant next year.This decision was made a few months after the company shut down a factory on the riverbank and laid off 500 people. Cleveland-Cliffs shared a letter with its employees in which it explained that due to "weak…
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All Steels: EU and UK steel prices set to rise as new tariffs and CBAM system come into forceThe UK steel market has entered one of its longest phases of decline following strong conditions in 2021 and 2022, according to UK steel supplier All Steels. Demand and prices remain at historically low levels, while the broader European economy also shows limited momentum. Recent US import…
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Property sales in Turkey in September 2025 increased by 5.1% compared to AugustAccording to the Turkish Statistical Institute (TUIK), in September of this year, the volume of real estate sales in Turkey amounted to 150,657 units, an increase of 5.1 percent month-on-month and 6.9 percent year-on-year.In the first nine months of this year, the volume of real estate sales in…
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Morgan Stanley launched a new thematic stock index called the National Security Index.It includes 39 stocks from four critical sectors: nuclear power and uranium, lithium, rare earths and strategic metals, and batteries and energy storage systems. The focus is on rising global geopolitical tensions and supply chain issues, leading to increased investment in securing critical…
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