Metallurgy news
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Nippon Steel plans to turn a net profit in the 1st quarter of fiscal years 2026-27, warning of oversupply in China and risks in the Middle EastJapan's Nippon Steel Corporation has announced its financial and operating results for the first quarter ended June 30 of the current fiscal year 2026-27.In the quarter, the company recorded a net profit of 84.29 billion yen ($0.53 billion), compared with a net loss of 190.72 billion yen in the…
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Scrap metal imports to Turkey increased in June 2026, despite a sharp reduction in the supply of raw materials from the United States, increasing by 3.1% in the first half of the year.According to data provided by the Turkish Statistical Institute (TUIK), in June of this year, the volume of scrap metal imports to Turkey increased by 31.3% year-on-year and by 7.1% month-on-month to 1.59 million tons. The volume of these imports amounted to $657.72 million, an increase of 44.6%…
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Producer prices in French industry decreased by 0.6 percent in June 2026 compared to MayIn June of this year, producer prices in French industry decreased by 0.6% month-on-month and increased by 2.6% year-on-year, according to statistics released by France's National Institute of Statistics and Economic Research (INSEE). Producer prices for industrial products in France decreased by…
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Salzgitter sells Klöckner DESMA as part of portfolio strategyGerman steel manufacturer Salzgitter AG has announced the sale of its subsidiary Klöckner DESMA Elastomertechnik GmbH to the German-French industrial group NAME &MAWI Partners S.A. S. (NMP) as part of its active portfolio management strategy.The deal, which is being carried out in accordance with…
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China Railway Group's volume of new contracts decreased by 9.3% in the first half of the yearChina Railway Group, Llc. She announced that this year, by the end of June, the total volume of new contracts for 2026 has reached 1.00568 trillion yuan (0.15 trillion dollars), which is 9.3 percent year-on-year.In the first three months, the value of new contracts was only 338.51 billion yuan ($50…
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CISA urges Chinese metallurgists to strictly comply with the steel export licensing system in the next stageAccording to the Chinese Association of Ferrous Metallurgy (CISA), in the first six months of 2026, steel exports from China showed a general downward trend in volumes at stable prices, while exports of billets increased significantly. Foreign authorities have initiated 12 original investigations…
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Algoma Steel reported a net loss for the 2nd quarter of 2026, demonstrating record sales of rolled steel for the second quarter in a row.Canada's Algoma Steel Group Inc. announced a net loss of 96.0 million Canadian dollars for the second quarter of 2026, compared with a net loss of 110.6 million Canadian dollars in the second quarter of 2025, an increase of 13% over the same period last year. Revenue for the second quarter was…
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Steel production in the United States increased by 0.6 percent - 31 weeks of 2026According to the American Institute of Ferrous Metallurgy (AISI), for the week ended August 1, 2026, domestic steel production in the United States amounted to 1.870 million tons, and the capacity utilization rate was 81.0%.Production volume for the week ending August 1, 2026 increased by 0.6…
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The export of sheet metal from the USA in May 2026 decreased by 16.5% compared to AprilAccording to the export data of the US Department of Commerce, the export of tinplate from the United States in May this year amounted to 2,346 tons, which is 16.5% less than in the previous month and 34.1% year-on-year. In value terms, tinplate exports in May totaled $3.0 million, compared with…
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The number of drilling rigs in the USA and Canada has increased - the 31st week of 2026Baker Hughes reported that in the week ended July 31, 2026, the number of drilling rigs in the United States increased by one rig per week to 588.The number of drilling rigs producing gas remained unchanged at 127, while the number of oil drilling rigs increased by one to 451. The total number of…
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