Metallurgy news
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Borusan Berg Pipe receives $686 million in linear pipe contracts from the United StatesTurkish steel pipe manufacturer Borusan Birleşik Boru Fabrikaları Ticaret A.Ş. (Borusan Boru) announced that its American subsidiary Borusan Berg Pipe has received new orders for linear pipes totaling $686 million after extensive commercial negotiations in the United States.Deliveries are planned…
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VALE reports highest quarterly iron ore production since 2018; copper and nickel cost forecast revised downSales of iron ore, copper and nickel increased by 5% (4 million tons), 20% (15 thousand tons) and 6% (2 thousand tons) year-on-year.The average selling price of iron ore fines was 94.4 USD/ton, which is 11% higher than in the previous quarter and 4% higher than in the previous year, exceeding the…
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ArcelorMittal completes sale of Bosnian steel and mining industry to Pavgord GroupArcelorMittal announced that it has completed the sale of its steel and mining operations in Bosnia and Herzegovina to H&P d.o.o. Zvornik, part of the Bosnian Pavgord group.The transaction covers two key assets: ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron…
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As of January-September, Hoa Phat has achieved more than 50 percent of its revenue and profit targets for 2025.Vietnamese steel giant Hoa Phat Group has announced financial results for the third quarter and the first nine months of 2025.In the third quarter, the company's revenue was 36.79 trillion dong ($1.39 billion), an increase of seven percent year-on-year, and net profit reached 4.01 trillion dong…
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Raspadskaya's report for 9M2025 according to RAS - a sharp dropBased on the results of January-September 2025, Raspadskaya received a net loss under RAS in the amount of 1.08 billion rubles - a rapid deterioration compared to a profit of 1.63 billion rubles for the same period in 2024. The company's revenue decreased by 10.8%, to 12 billion rubles, and the…
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UK Steel calls for decisive action on finance, energy and carbon reform in Budget 2025British trade body UK Steel has called on the government to act quickly in Budget 2025, setting out six key measures to restore competitiveness, cut energy costs and accelerate decarbonisation in its latest budget document. The association is calling for rapid provision of targeted funding and…
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Qatar Steel and Qatar Customs Authority to regulate scrap exportsQatar Steel has announced that it has signed a memorandum of understanding with the General Administration of Customs of Qatar, formalizing a partnership to establish controls and procedures aimed at limiting and regulating the export of scrap iron from the State of Qatar.Purpose and objectives of…
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Metallurgists criticize the work of RZh�Yesterday at the conference "Transport and Metallurgy - 2025" they talked a lot about the forced outflow of cargo to road transport.Senator from the Chelyabinsk region oleg Tsepkin reported that the share of transportation of metallurgical goods by rail this year fell by 8%, while by road, on the…
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India's Welspun Corp forecasts consolidated net profit growth of 53% in the second quarter of fiscal year 2025-2026India's Welspun Corp, a manufacturer of carbon steel pipes, ductile iron pipes and fittings, achieved consolidated net profit of INR 4.4 billion (USD 49.55 million) in the second quarter (July-September) of fiscal year 2025-26, up 53 percent from the corresponding quarter of the previous year, the…
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Net profit of Wujin Sustainable Steel Pipe decreased by 49.14 percent in January-September 2025Chinese stainless steel manufacturer Wujin Stainless Steel Pipe Group Co.,Ltd, based in Jiangsu Province, announced that for the period from January to September, its operating revenue was 1.718 billion yuan (0.24 billion U.S. dollars), down 17.79 percent from last year, and its net profit was…
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