Metallurgy news
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Baowu Desheng Stainless Steel for Production Line MaintenanceChinese stainless steel manufacturer Baowu Desheng Stainless Steel, based in Fujian Province, will carry out maintenance of the stainless steel production line in August this year.The company's stainless steel production is expected to decrease by about 10,000 tons during this period.
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Metalllus reports profit growth in the second quarter of 2026 due to the growth of the aerospace and defense industriesThe American company Metalllus Inc. announced a net profit of $8.9 million for the second quarter of 2026, compared with $5.4 million in the first quarter of 2026 and $3.7 million in the second quarter of 2025. Net sales for the second quarter were $341.0 million, compared to $308.3 million in the…
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Ternium's net profit in the second quarter of 2026 increased by 80% compared to the previous year.The Ternium steel company reported a net profit of $465 million in the second quarter of 2026, up from $259 million in the same period last year. 2025The company attributed the high results to increased sales and profitability. It also says that the fundamentals of the steel market in Mexico…
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Gerdau's net profit in the second quarter of 2026 increased by 70% compared to last year.Brazilian steel producer Gerdau reported consolidated net income of $286.897 million for the second quarter of 2026, up 70% from the same period in 2025, reflecting improved sales patterns, higher selling prices and measures taken to improve business competitiveness, the company said.Net sales…
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The United States has published preliminary results of a CVD examination of large-diameter welded pipes from South Korea.The U.S. Department of Commerce (DOE) has announced the preliminary results of the administrative review of the countervailing Duty (CCC) of Togo on large diameter welded pipes (LDWP) from South Korea for the period from January 1, 2024 to December 31, 2024.the doctor has tentatively established…
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Australia initiates review of shelf life for hollow structural profile imports from four countriesThe Australian Anti-Dumping Commission has announced that it has initiated a review of the validity of anti-dumping measures for certain hollow structural profiles imported from China, South Korea, Malaysia and Taiwan, which expire on July 3, 2027.The review, which was launched at the request of…
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Hoabin and Pomina Steel cooperate to expand production of sheet steel by 1.2 million tonsThe Vietnamese construction company Hoa Binh Construction Group has announced the signing of a memorandum of understanding with the Vietnamese steel producer Pomina Steel for the construction of the second stage of a steel mill in the Phu My Industrial Park. 1..The nearly 40,000 square meter…
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Voestalpine starts the fiscal year 2026-27 with higher profitability and higher revenueAustrian steel producer Voestalpine AG reported improved financial results for the first quarter of fiscal year 2026/27, which ends on June 30, due to a diversified business portfolio, ongoing restructuring measures and continued international expansion, despite the difficult global market…
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Turkish HRC exports to decline in June 2026 as weakness in key EU markets negatively affects tonnageAccording to preliminary data provided by the Turkish Statistical Institute (TUIK), in June of this year, exports of hot-rolled coils (HRC) from Turkey amounted to 252,153 metric tons, which is 8.5% less than in May and 5.4% year-on-year. Meanwhile, revenue from these exports amounted to $157.18…
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The EU and other countries have exhausted certain quotas for steel imports from the UKDuring the new UK quota period from July 1 to September 30, some import quotas for certain types of steel products allocated to the EU and other countries were exhausted, while more than 70 percent of quotas for certain types of steel products were consumed, according to the UK Department of…
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