Metallurgy news
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Indian NMDC expects consolidated net profit to grow by 2% in the 1st quarter of fiscal year 2026-27Indian state-owned iron ore mining company NMDC Limited generated a consolidated net profit of INR 20.05 billion ($209.82 million) in the first quarter (April-June) of fiscal year 2026-27, up two percent from last year, according to a company statement released on Monday, August 17.The company's…
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U.S. steel exports Increased by 6.8% in June 2026 compared to MayAccording to export data from the US Department of Commerce, monthly steel exports in June this year increased by 6.8% compared to May and amounted to 14.9% year-on-year to 644,322 tons. In value terms, U.S. steel exports totaled $1.26 billion in June, compared with $1.16 billion in May and $1.08…
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U.S. steel imports decreased by 3.8 percent in June 2026 compared to MayAccording to preliminary data from the US Department of Commerce, monthly steel imports to the United States in June this year decreased by 3.8% compared to May and by 6.6% year-on-year to 1.90 million tons. In value terms, steel imports to the United States totaled $1.9 billion in June, compared…
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New Car Sales in Canada Rose 3.5 Percent in MayAccording to Statistics Canada, new car sales totaled 190,564 units in May 2026, reflecting an increase of 3.5 percent month-on-month and a decrease of 1.9 percent year-on-year. In value terms, car sales in Canada totaled $10.90 billion in May, compared with $10.65 billion in April and $10.65…
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The number of drilling rigs in the USA and Canada has increased - the 33rd week of 2026Baker Hughes reported that in the week ending August 14, 2026, the number of drilling rigs in the United States increased by five compared to the previous week and amounted to 593.The number of drilling rigs producing gas increased by four to 128, while the number of drilling rigs for oil…
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Nucor invests $59 million in steel grating productionThe American corporation Nucor announced on August 13 that it will invest $59 million to expand its Vulcraft Indiana manufacturing facility in St. Joe, Indiana, adding steel grating manufacturing capabilities. The investment is expected to create 20 new full-time jobs at the facility, which…
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CMRG pushes Chinese Iron Ore traders to use its trading platformAccording to a report by Reuters, China's state-owned iron ore procurement company China Mineral Resources Group (CMRG) has asked some local traders to purchase iron ore cargoes through its own online trading platform as part of efforts to strengthen its influence on iron ore trading and…
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Ukraine reported a decrease in pig iron production by 6.1% in January-July 2026According to data published by the Ukrainian Metallurgical Association Ukrmetallurgprom, in July of this year, the volume of pig iron production in Ukraine amounted to 432,200 tons, which is 35.6% less than in the previous month and 37.6% year-on-year.In this case, this month, the country's crude…
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LKAB's net profit and sales revenue fell in the first half of 2026 due to the impact of exchange rates and rising costsSwedish iron ore producer LKAB has released financial and operating results for the second quarter and the first half of this year.In the second quarter, the company generated a net profit of SEK 697 million ($73.11 million), compared with a net profit of SEK 1.52 billion in the second quarter of…
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The volume of industrial production in the eurozone in June 2026 has not changed compared to MayIn June of this year, seasonally adjusted industrial production in the eurozone remained unchanged, while in the 27 EU countries it increased by 0.2 percent compared with May, according to data released by Eurostat, the statistical office of the European Union.Industrial production rose 0.3 percent…
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