Metallurgy news
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China's aluminum production fell 2% y/y to 5.9 million in September, compared with a 5% y/y decline in August.In our view, the rapid expansion of the power grid complex and the creation of a new energy sector in China (60% of global consumption), coupled with the country's limited aluminum production, remain among the key factors strengthening aluminum market fundamentals in the medium term.China's copper…
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India's NMDC limited's consolidated net profit rose 41 percent in the second quarter of FY 2025-26India's state-owned iron ore miner NMDC limited achieved consolidated net profit of 16.83 billion rupees ($190.63 million) in the second quarter (July-September) of fiscal 2025-26, up 41 percent from the same quarter in the previous fiscal year, according to a company regulatory filing on…
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India's NSL Limited reported a smaller consolidated net loss in the second quarter of fiscal year 2025-26.Indian NMDC Steel Limited (NSL), a subsidiary of the state-owned iron ore mining company NMDC Limited, reported a consolidated net loss of INR 1.15 billion ($13.02 million) in the second quarter (July-September) of the fiscal year 2025-26, lower than the consolidated net loss of INR 5.95 billion…
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Bayi Steel records a net loss of 572 million yuan for January-September 2025Chinese metallurgical company Bayi Iron and Steel Co., Ltd. (Bayi Steel), based in the Xinjiang Autonomous Region, announced that in January-September this year it recorded operating revenue of 14.617 billion yuan ($2.1 billion), down 1.39% year-on-year, while a net loss of 572 million yuan ($80.6…
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Valin Steel's net profit increased by 41.72 percent in January-September 2025Chinese Metallurgical Company Hunan Valin Iron & Hunan Valin Steel Co. (Hunan Valin Steel), based in Hunan Province, released its financial report for the first nine months of this year, saying that in the period it recorded operating revenue of 94.598 billion yuan ($13.3 billion), down 14.96% from…
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Aluminum rose to its highest level since May 2022 — $2,900 per ton.Aluminum prices on Tuesday updated the maximum in almost 3.5 years.The price of three-month aluminum futures on the LME increased by 0.6% to 18:40 CZK and amounted to $ 2,893.5 per ton, and during the session reached a maximum of $ 2,900.3 per ton since May 2022.Prices are rising against the…
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Sweden's Nordic Iron received conditional funding of SEK 40 millionSwedish miner Nordic Iron has received conditional support of SEK 40 million under a program supported by the Swedish Transport Administration to connect its planned industrial railway station at Blötberget to the state-owned main railway line, the company said. The project represents a critical…
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Thailand launches Investigation into AD Circumvention regarding Coated Steel from ChinaThe Thai Ministry of Foreign Trade has announced that it has launched an investigation into possible circumvention of anti-dumping measures (AD) imposed on imports of galvanized cold-rolled steel in rolls rather than in rolls originating from China.The investigation was launched at the request of…
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Pacific Steel Group orders environmental control system from DanieliUS steelmaker Pacific Steel Group has selected Italian manufacturer Danieli to supply its advanced ECO Primary line, an environmental control system developed by Danieli, for its MiDa hybrid plant in California. This project represents an important milestone in sustainable valve production with…
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French investor Hy24 supports expanded funding round for Swedish StegraAccording to media reports, French hydrogen investment company Hy24 is planning to participate in the latest round of shares for Sweden's Stegra, which is building a large-scale fossil fuel-free steel mill in Boden, Sweden. Stegra, formerly P Green Steel, is raising up to €975 million to cover cost…
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