Metallurgy news
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Spain's Tubacex sees mixed results as third-quarter profit dropped by 86%, but January-September profit rose.Spanish manufacturer of seamless stainless steel pipes Tubacex has announced its financial results for the third quarter and the first nine months of this year.In the quarter, the company's sales revenue was €164.4 million, down 3.9%, while its net profit was €1.1 million, down 85.7% year-on-year…
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TCUD: It is important to increase capacity utilization in Turkey and remain competitive in the current environmentAccording to a statement released by the Turkish Steel Association (TCUD), Turkey's crude steel production increased by 7.2 percent year-on-year to 3.19 million tons in September this year, maintaining its position as the world's seventh-largest steel producing country, while in the first nine…
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Vallourec to supply seamless linear pipes for Orca deepwater field in BrazilFrench pipe manufacturer Vallourec has announced the conclusion of an important contract with the British oil and gas company TechnipFMC for the supply of linear pipes for the Orca deepwater field (formerly known as Gato do Mato) in the Brazilian Santos basin.The comprehensive contract covers the…
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Nikopol Ferroalloy plant increased its loss by 86%In January-September of this year, PJSC Nikopol Ferroalloy Plant (NWF, Dnipropetrovsk region) increased its net loss by 86.1% compared to the same period last year to UAH 2 billion 12.843 million from UAH 1 billion 81.463 million.According to the interim report of the NZF, net income for this…
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Severstal launches the first stage of a new rolling mill in CherepovetsRussian metallurgical plant Severstal officially commissioned the first stage of a new rolling mill at its Cherepovets subsidiary CherMK, marking an important step forward in the company's long-term modernization program. The investment of 15 billion RUBLES ($185.30 million) represents one of…
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The value of base metals exports from South Africa decreased by 20.9 percent in January-September 2025According to data published by the South African Revenue Service (SARS), in September of this year, the value of exports of South African non-ferrous metals and products made from them amounted to 12.53 billion South African rials ($723.72 million), which is 7.8% more than in August. In the period…
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LEWL liderliğindeki konsorsiyum SAIL'in pelet tesisi inşaat ihalesini kazandıHindistan merkezli Lloyds Engineering Works limited (LEWL), Primetals Technologies India limited (PTIL) ve Avusturya merkezli Primetals Technologies GmbH ortaklığında kurulan konsorsiyum, Steel Authority of India limited'in (SAIL) Batı Bengal eyaletindeki IISCO Steel Plant tesisinde inşa edilecek…
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India eases restrictions on stainless steel imports until December 31According to an official statement released on Monday, November 3, the Indian government has temporarily eased import restrictions on certain non-BIS compliant stainless steel products until December 31, 2025.The decision comes amid a shortage of stainless steel in the domestic market, which…
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Indian NMDC Limited increased iron ore production by 5% in October, sales decreased by 3%According to the company's statement on Monday, November 3, the Indian state-owned NMDC Limited company achieved an iron ore production volume of 4.3 million tons in October 2025, an increase of five percent compared to the corresponding month of the previous year.The company reported total sales…
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MOC: The average price of rebar in China increased by 0.1 percent in October 20-26China's Ministry of Commerce (MOC) announced that the average price of finished steel in China fluctuated within a limited range from October 20 to 26 this year.During the period, the average prices of both rebar and hot-rolled steel strip increased by 0.1 percent, while the average prices of…
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