Metallurgy news
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Shandong Steel's net loss in the first half of the year was 29.5957 million yuanChinese steel producer Shandong Iron and Steel Company Ltd announced a net loss of 29.5957 million yuan ($4.4 million) for the period from January to June this year, while the loss decreased compared with a net loss of 34.532 million yuan recorded in the same period last year.In the first six…
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Baoshan Iron's net profit & Steel in the first half of the year decreased by 6.3% and amounted to 4.571 billion yuan.Baoshan Iron & Steel, a subsidiary of China's largest steel producer Baowu Group, announced that its net profit for the period from January to June this year was 4.571 billion yuan ($0.67 billion), down 6.3% from last year.During the reporting period, Baoshan Iron &Steel's operating revenue…
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Brazil's trade deficit in finished steel narrowed in July amid lower importsAccording to SECEX, the Brazilian secretariat for Foreign Trade under the Ministry of Development, Industry and Foreign Trade, Brazil exported 144,005 tons of finished carbon steel products worth $111,634 million in July, while imports totaled 253,794 tons worth $194.592 million.Data for July show…
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Siderperu's net profit increased by 54.4% in the second quarter of 2026%Peruvian steel producer Siderperu reported a net profit of $14.639 million in the second quarter of 2026, up 54.4% from $9.483 million in the same period of 2025. The company stated that the growth was driven by increased sales, improved operational efficiency, tighter control over financial…
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In June 2026, rebar imports to the United States decreased by 20.2% compared to MayAccording to preliminary data from the US Department of Commerce, in June of this year, the import of rebar into the country amounted to 100,216 tons. This is 20.2% less than a month earlier, and 20.6% lower than year-on-year. In value terms, rebar imports in June amounted to $51.13 million…
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In the United States, steel production increased by 0.8% in the 34th week of 2026%According to the American Institute of Ferrous Metallurgy (AISI), for the week ending August 22, 2026, domestic steel production in the United States amounted to 1.848 million tons, and the capacity utilization rate was 80.0%.Production volume for the week ending August 22, 2026 increased by 0.8…
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OCTG exports from the USA in June 2026 increased by 64.4% compared to MayAccording to the export data of the US Department of Commerce, in June, exports of oil country (OCTG) pipe products from the United States amounted to 12,503 tons. This is 64.4% more than in May and 12.4% more than in June 2025. In value terms, OCTG exports reached $28.20 million in June, compared…
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Indian minister urges Japanese companies to increase steel purchases in IndiaJapanese companies should prioritize steel supplies from India, as Indian steel companies produce high-quality steel products, Indian Trade and Industry Minister Piyush Goyal said during a visit to Tokyo on Tuesday, August 25.Minister Goyal said that for the past seven years, he has been…
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Indian engineering company JTL to increase capital investments to expand production capacity of highly specialized HRCIndia's JTL Engineering Limited, a subsidiary of JTL Industries Limited, has increased capital expenditures by $1.6 million to expand the capacity of its narrow-width hot-rolled coils (HRC) plant, the company said in a statement released on Tuesday, August 25.After the expansion, JTL Engineering's…
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The Nigerian government has signed an agreement to resume liquid steel production at Delta Steel with an investment of $1.3 billion.The Federal Ministry of Ferrous Metallurgy Development of Nigeria has announced the signing of an agreement aimed at reviving the former Delta Steel company, which currently operates as Premium Steel and Mines Limited (PSML), in Ovwian Alaj, Delta State.. PSML plans to start commercial production…
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