Metallurgy news
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Sales of Xiaomi electric vehicles tripledThe Chinese manufacturer of household electronics and electric vehicles Xiaomi increased net profit in the second quarter of 2025 by 2.3 times, while the adjusted indicator and revenue reached record maximums. as noted in the company’s press release, net profit in April-June amounted to 11.87…
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Import of steel pipes from Turkey grew by 12.3% in January-July 2025In January-July of this year, the total foreign trade turnover of Georgia with Turkey, which is the leading trading partner of the country, amounted to $ 1.75 billion, including imports worth $ 1.55 billion, increased by 2.2%, and exports worth $ 196.24 million, decreasing by 31.6%, as in annual…
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POSCO Assan rejects rumors about sale of stainless steel plant, confirms commitment to Turkish marketAccording to information obtained by SteelOrbis, South Korean steel giant POSCO has denied rumors of a potential sale of its Turkish subsidiary POSCO Assan TST after reports of mounting losses due to Chinese imports. The company stressed that it has no plans to withdraw from the Turkish market and…
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Uzmetkombinat JSC has published its results for the 1st half of 2025* Revenue fell by 23.1%* Cost of sales decreased by 28%* EBIT increased by 10%* Net profit decreased by 12 times* The estimated P/B ratio at 4,000 soums per share is 0.4;* The estimated P/E ratio at 4,000 soums per share is 22.The rating is below the market, upside when the situation improves.
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The net profit of the BHP Billiton increased by 14.2 percent in 2024-25 financial year, despite the decrease in sales revenueAustralian mining company BHP Billiton announced its financial results for the 2024-25 financial year, which ended on June 30. , billion in the previous financial year, while the proceeds from the company's sales decreased by 7.9% in the annual calculus to $ 51.26 billion due to lower average…
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The Turkish company Hasçelik has completed a trial production with vacuum closed castingTurkish steel company Hasçelik has announced the successful trial production of hardened and tempered 42CrMo4 and 41Cr4 steels using vacuum closed casting technology. This achievement highlights the company's ongoing efforts to supply steels with superior quality, reliability, and performance.The…
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Privatization and outsourcing of key operating and service functions Rinl in Indiawith the termination of investment in the company, the Indian state manufacturer was Rashtriya Ispat Nigam limited (Rinl) privatizes several key operating and service departments at its plant with a capacity of 7.3 million tons per year in the southern Indian port city of Visakhapathanam, the…
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CBM criticizes British steel companies' decision to reduce quotas and supply chain risksThe Confederation of British Metalworking (CBM), representing more than 200 companies in the UK steel sector, has issued a serious warning over the government's latest protective measures against steel. The industry body fears that sudden changes will lead to severe disruption of the supply chain…
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Circus imports to Ukraine decreased by 0.5%The volume of supply of zinc and zinc products to Ukraine in January -July 2025 decreased by 0.5%to $ 33.204 million (in July - $ 7.452 million). Exports of zinc in seven months of the year reached $ 707 thousand (in July-$ 87 thousand), while in January-July 2024 it amounted to $ 120 thousand…
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The supply of HRP and HRS in Japan decreased by 2.1 percent in June 2025 compared to MayIn June of this year, the supply of hot -rolled sheet rolling to Japan decreased by 2.1 percent compared to the previous month and by 6.4 percent from 703,682 tons, registered in the same month of 2024, amounting to 658,089 metric tons, according to the Japanese Black Metallurgy Federation (JISF)…
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