Metallurgy news
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China’s excavator sales rise 22% in January–October 2026China sold 234,499 excavators in January–October 2026, up 22% from the same period a year earlier, according to China-based Construction Machinery and Equipment (CME).Domestic sales reached 114,031 units, an increase of 15.9% year on year. Exports totaled 120,468 excavators, up 28.4%.October sales…
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Brazilian slab exports rise 45% in OctoberBrazil exported 594,500 metric tons of steel slabs in October, up 45% from September. The increase was driven mainly by shipments to Europe, which rose from 30,000 to 190,700 metric tons, according to Secex, the foreign trade secretariat of the Ministry of Development, Industry, Trade and…
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US preliminarily finds dumping of OCTG from UAEThe US Department of Commerce has preliminarily determined that certain oil country tubular goods (OCTG) from the United Arab Emirates are being, or are likely to be, sold in the US at less than fair value. The period of investigation runs from April 1, 2025, through March 31, 2026.The department…
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US rig count rises to 604, while Canada’s falls to 223The number of active rigs in the United States rose by one to 604 in the week ended November 6, 2026, according to Baker Hughes.The number of rigs drilling for gas increased by one to 131, and the number drilling for oil also rose by one, to 463. The total US rig count was up by 56 year over…
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Arab steel markets see growth potential but face raw-material and energy constraintsRepresentatives of the steel industry discussed prospects for Egypt, Algeria, Morocco, Iraq and Syria at the 19th Arab Steel Summit in Cairo on November 3–4. Participants said construction and infrastructure projects are supporting demand, while high costs, shortages of raw materials and energy…
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Argentina’s vehicle output rises 1.7% in October, while exports and sales fallArgentine manufacturers produced 40,426 cars and light commercial vehicles in October, up 1.7% from September. Exports and domestic sales declined, the Argentine vehicle manufacturers’ association ADEFA said.Exports fell 1.5% month over month to 27,793 vehicles, while domestic sales dropped 9% to…
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US preliminarily sets dumping margins on OCTG from TaiwanThe US Department of Commerce has preliminarily found that certain oil country tubular goods (OCTG) from Taiwan were, or were likely to be, sold in the US at less than fair value. The investigation period runs from April 1, 2025, through March 31, 2026.The department calculated preliminary dumping…
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Marcegaglia secures €800 million for French steel complexItaly’s Marcegaglia Steel has signed two loans totalling €800 million to build a steel complex in Fos-sur-Mer, France. The project, worth more than €1 billion, is the group’s largest-ever industrial investment.The loans have an 11-year term, with funds to be disbursed over the next three years…
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India vehicle retail sales fell 23.8% in OctoberRetail sales of new vehicles in India fell 23.8% year over year to 3.172 million units in October 2026. The Federation of Automobile Dealers Associations (FADA) released the figures on November 6.Passenger vehicle sales declined 14.23% to 507,768 units. Two-wheeler sales dropped 28.35% to 2,321,419…
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EU rules reshape competition in the steel marketNew EU climate and trade measures could support European steelmakers while raising costs for processors and industrial buyers. Their impact on raw materials, prices and competitiveness was discussed on November 5 at a conference organized by siderweb and RICREA, Italy’s consortium for the recycling…
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