Metallurgy news
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Chinese company Shandong Zhongxin orders a new etching line from PrimeetalsThe Chinese manufacturer Shandong Zhongxin placed an order from the British manufacturer Primeetals Technologies for a joint etching line and a tandem cold mill at his lin Yi factory in the province of Shandun. It is planned that the new plant will begin work in the beginning of 2027, supporting…
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Assmang closes Beeshoek iron ore mine after termination of contract with AMSASouth African mining company Assmang, a joint venture between African Rainbow Minerals and Assore, has announced that it is considering closing the Beeshoek iron ore mine. The move followed the unexpected withdrawal of ArcelorMittal South Africa (AMSA) from a long-term supply contract, raising…
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Mexico offers the North American Committee on steel to limit Asian importsAccording to local media reports, Mexico is preparing to create the North American Committee on Selo in cooperation with the United States in order to strengthen regional trade ties and reduce depending on Asian steel imports. The proposal was received against the backdrop of ongoing negotiations…
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IAS 1p\'25 ReportThe company's shares increased by 20% in a month to 121 rublesRevenue 439 billion (-15%)Operation.Profit 55 billion (-59%)Net profit 45 billion (-45%)Profit/share 7.5 rubProfit is 45%, and shares are 20%NLMK pays, or rather paid, dividends based on free cash flowIn the 1st half of the year, cash…
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The EU and the United States completed the trading transaction, agreed on the ring fence from the global excess of steel capacitiesThe USA and the EU agreed on the new framework of mutual, fair and balanced trade, which is a significant step towards strengthening one of the world's largest economic partnerships. According to a joint statement published by both parties, the trading agreement between the US and the EU is aimed…
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Japan's crude steel production decreased by 2.5 percent in July 2025In July of this year, Japan's crude steel production increased by 3.1 percent from the previous month and decreased by 2.5 percent from July 2024, totaling 6.92 million tons, according to data released by the Japan Federation of Ferrous Metallurgy (JISF).Meanwhile, Japan's pig iron production…
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The Russian NLMK announced a decrease in net profit and revenue from sales for the first half of 2025NLMK group announced financial results on international financial reporting standards (IFRS) for the second quarter and the first half of the current year. In this quarter, the company's net profit amounted to 23.28 billion rubles ($ 288.93 million), decreased by 37.6%, and the proceeds from sales…
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Consumer confidence in Turkey increased by 0.9% in August 2025 compared toAccording to the monthly consumer trends survey published by the Turkish Statistical Institute (TUIK), the consumer confidence index * in Turkey, which stood at 83.5 points in July this year, rose 0.9 percent month-on-month to 84.3 points in August this year, having previously declined 1.8 percent…
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ArcelorMittal Calvert modernizes a hot strip station with SMS Group technologyThe American subsidiary Arcelormittal with a headquarters in Luxembourg ArcelorMittal Calvert announced a large project for modernization at its hot strip production plant (HSM) in Kalvert, Alabama. The company placed an order in the German SMS Group for the installation of an inductive heating…
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Express Invest bought Stalkanat-Silur from former shareholdersFinancial Company (FC) Express Invest LLC (Borispol, Kiev region) acquired 100% of shares of PJSC Stalkanat-Silur Production Association (Odessa).According to Stalkanat-Silur's message in the system of the National Securities and Stock Market Commission, information about the change in shareholders…
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