Metallurgy news
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Baosteel's export orders increased by almost 25% in the first half of the year%China's largest steel producer Baoshan Iron and Steel Co. Ltd. (Baosteel) reduced its net profit by 6.3% in the first half of the year due to rising raw material costs and weak demand in the domestic market. iron ore amounted to 23.77 million tons, steel – 25.54 million tons. The price of iron ore…
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Chinese exports are restrained by rising aluminum prices amid geopolitical risksExperts.news reports that the price of aluminum rose in the final trading of the week after several days of increased volatility amid risks to supplies from the Middle East, changes in Chinese exports and expectations of a possible easing of US tariffs on the Canadian metal.1.2% - up to 3,242…
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The number of drilling rigs in the USA and Canada is decreasing - the 34th week of 2026Baker Hughes reported that in the week ending August 21, 2026, the number of drilling rigs in the United States decreased by five compared to the previous week and amounted to 588.The number of drilling rigs producing gas decreased by one to 127, while the number of drilling rigs for oil production…
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Brazilian CRC exports and imports decreased in July compared to June levelsBrazil exported 2,355 metric tons of cold-rolled coils (CRC) in July and imported 5,475 tons, up from 13,000 tons of exports and 36,300 tons of imports in June, according to Secex, the foreign trade secretariat of the Ministry of Development, Industry and Foreign Trade.In July, ArcelorMittal…
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Exports of beams from the USA in June 2026 decreased by 13.1% compared to MayAccording to export data from the US Department of Commerce, exports of heavy construction profiles (including U, I, H, L and T-section beams) from the United States in June this year amounted to 18,847 tons, which is 13.1% less than in May and 16.7% more than in June 2025. In value terms, beam…
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OCTG imports to the US increased by 1.1 percent in June 2026 compared to MayAccording to preliminary census data conducted by the U.S. Department of Commerce, oil country pipe products (OCTG) imports to the United States in June this year totaled 103,992 tons, up 1.1 percent from May and 22.0 percent less than last year. In value terms, OCTG imports in June amounted to…
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Fideracci and 14 Italian metallurgists are eyeing the former Ilva cold rolling workshopAccording to Italian media reports, the Italian steel Manufacturers Association Federacciai, together with 14 member companies, has expressed interest in cold rolling production at the former Ilva steel mill in Taranto, Italy.The companies involved include Arvedi, Duferco, Feralpi, Marcegaglia…
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Welspun, an Indian company, has won a $1.8 billion order for the supply of steel pipes to the United States.The Indian company Welspun Corp has received an order for the supply of pipes from its manufacturing plant in the United States in the amount of $1.8 billion, the company said in an official statement released on Friday, August 16.The pipe supply order will be carried out during the fiscal years…
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Taiwan's export orders for base metals increased by 8.4% in January-July 2026According to statistics released by Taiwan's Ministry of Economy, the country's export orders for base metals and products made from them totaled $2.35 billion in July this year, an increase of 7.3 percent month-on-month and 24.3 percent year-on-year. In June, Taiwan's export orders for base metals…
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Fortescue reports lower net profit despite revenue growth in Fiscal Years 2025-26Australian iron ore mining company Fortescue Metals Group has announced its financial and operating results for the 2025-26 fiscal year ended June 30.In the fiscal year under review, the company's net profit was $2.87 billion, down 15.0 percent from the previous fiscal year, and sales revenue was…
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