Metallurgy news
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Zaporizhstal reduced profit for nine months by 3.1% to UAH 1.55 billionPJSC Zaporozhye Iron and Steel Works Zaporizhstal in January-September of this year reduced net profit by 3.1% compared to the same period last year - to 1 billion 547.508 million UAH from 1 billion 597.318 million UAHAccording to the interim report of the company in the information disclosure…
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Germany to hold steel summit to address industry crisis and competitivenessGerman Chancellor Friedrich Merz will hold a steel summit at the Federal Chancellery in Berlin on Thursday, November 6, to address the current challenges facing the German steel industry, according to an official statement from the German federal government.The meeting will bring together senior…
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Car sales in Turkey increased by 10.2 percent in January-October 2025In October of this year, sales of passenger cars and light commercial vehicles in Turkey increased by 19.4 percent year-on-year and 5.3 percent month-on-month to 116,149 units, according to statistics released by the Turkish Automobile Distributors and Mobility Association (ODMD). This month…
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Heavy truck sales in China grew 22 percent in January-October 2025In October this year, sales of heavy-duty trucks (including chassis and tractors) in China totaled 93,000 units, down 12.0 percent month-on-month while up 40.0 percent year-on-year, according to preliminary data released by cvworld.cn, a Chinese automotive information service provider…
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South Korea launches 400 billion South Korean won support for steel sector restructuringThe South Korean government has unveiled a 400 billion Korean won ($278.41 million) steel export guarantee program to strengthen small and medium-sized enterprises in the domestic steel sector. According to local media reports, the initiative launched on November 4, 2025, aims to cushion domestic…
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Indian passenger car sales in October hit highest monthly level in 2025Passenger vehicle sales in India, as measured by shipments from manufacturers to dealers, posted a strong performance in October 2025, supported by a decline in Goods and Services Tax (GST) supported by rising demand during the festival season, according to data released by the industry on Tuesday…
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Champion Iron reported record quarterly sales in the second quarter of 2025-2026.Canadian iron ore producer Champion Iron Limited has announced its operating and financial results for the second quarter of the 2025-26 fiscal year ended September 30, achieving record quarterly sales.In the second quarter, the company reported a net profit of 56.79 billion Canadian dollars…
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Baosteel adjusts capacity target to more than 80 million tons for 2026-30Major Chinese steel producer Baosteel announced that it has adjusted its steel production capacity target from 80-100 million tons to more than 80 million tons for the 15th Five-Year Plan period (2026-2030). According to the company, rather than blindly chasing capacity expansion, it will focus on…
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NBS: At the end of October 2025, local Chinese rebar prices increased by 0.4 percentAt the end of October (October 21-31) this year, the average price in China for 20mm HRB 400E rebar increased by 11.8 yuan/ton (US$1.7/ton) or 0.4 percent to 3,122.3 yuan/ton (US$440/ton) compared with the price in the middle October (October 11-20), as announced. according to the National Bureau…
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Argentina's steel production fell in SeptemberArgentine steel industry chamber Acero Argentino (AA) reported that the country's steel production reached 356,700 tons in September, up from 370,300 tons in August. On a comparative basis, HRC production increased by 11.2 percent to 202,100 tons, CRC production increased by 6.1 percent to -106.4…
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