Metallurgy news
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SQM increased its net profit 7.5 times in the second quarterChilean lithium producer Sociedad Quimica & Minera de Chile SA (SQM), the second largest in the world, increased its net profit 7.5 times in the second quarter due to higher prices and sales. million, or $0.31 per share, for the same period last year.Revenue increased 2.4 times to $2.47…
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The Turkish company Acer Bora launches an investment process for the construction of a third plantTurkish spiral welded steel pipe manufacturer Akmermer Boru has announced that it has started the investment process for its third plant in line with its growth goals.He works in the Bashkent Organized Industrial Zone in Ankara. The company aims to increase its production capacity through new…
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The Indian company Hi-Tech Pipes plans to invest $ 68 million in expanding pipe production capacity.The Indian company Hi-tech Pipes Limited (HPL) has planned a capital investment of $68 million to expand its production capacity from 1 million tons per year to 2 million tons per year to strengthen its position in the steel pipe market, the company said in a statement on Wednesday, August 19.The…
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Japan's export orders for new vessels in July 2026 fell by 38.1% compared to JuneAccording to data released by the Japan Ship Exporters Association (JSEA), Japan's export orders for new vessels in July this year decreased by 38.1% in tonnage compared to the previous month, totaling 22 vessels with a total displacement of 873,780 gross tons. The orders included two general cargo…
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Daido Steel extinguishes fire at Chita plant, suspended work resumedJapanese specialty steel manufacturer Daido Steel has announced that a fire that broke out at its plant's scrap metal warehouse in Chita, Aichi Prefecture, on August 11 has been extinguished.The fire started at about 21:35 on August. 11 at the factory scrap yard. As a result of the incident, one…
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Fortescue produces the first hot metal in the Christmas Creek green metal projectAustralian iron ore miner Fortescue has announced that it has released the first hot metal at the Green Metal project located at Christmas My Creek in the Pilbara region of Western Australia.This stage is the first successful operation of the electric welding process of the project. According to…
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Turkish ID reduced net loss in the first half of 2026, export sales increased by 52%Turkish valve manufacturer Izmir Demir Çelik Sanayi A.Ş. (IDÇ) announced its financial and operating results for the first half of this year.During the period, the company recorded a net loss of 529.36 million Turkish liras ($11.04 million), down from a net loss of 949.28 million Turkish liras in…
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Vietnam maintained high growth rates of steel sales in January-July 2026, despite trade problemsAccording to the Vietnam Steel Manufacturers Association (VSA), in January-July of this year, the production of finished steel in Vietnam amounted to 21.4 million tons, an increase of 15.4% year-on-year, while sales of steel products in the country for the same month increased by 15.6% year-on-year…
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Chinese real estate investment continues to decline in January-July 2026, new construction volume decreased by 24%For the period from January to July of this year, the total volume of real estate investments in China amounted to 4,3009 trillion yuan (0.63 trillion dollars), which is 19.2% less compared to the same period last year, which is 1.2 percentage points higher than the decrease recorded in the period…
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7 Steel Nordic begins to supply billets to the Czech steel mill Nova HutNorwegian steel producer 7 Steel Nordic, part of Sev.en Global Investments, has begun supplying steel billets to Czech steel producer Nova Hut, which, according to local media reports, paves the way for a potentially long-term supply partnership between the companies.The first batch of square…
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