Metallurgy news
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New home prices in 100 Chinese cities rose by 2.09% in July amid the launch of high-quality residential projectsIn July of this year, the average prices for new housing in 100 major Chinese cities amounted to 17,229 yuan per square meter (2,537 US dollars per square meter), which is 0.26% more than in the previous month and 2.09% more year-on-year. As announced by the CIA, the largest independent real estate…
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Indian OIL Limited has reduced prices for various grades of manganese ore for shipments in August 2026Indian state-owned mining company MOIL Limited has lowered prices for various grades of manganese ore for August 2026 shipments, according to a company statement on Monday, August 3.The company reported that the price of high-quality ferromanganese ore with a manganese content of 44% or higher has…
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Metinvest reduced the production of ice rinks by 17% in the first half of the yearThe mining enterprises of the Metinvest Group in January-June 2026 reduced the production of iron ore pellets by 17% compared to the same period last year, to 2.717 million tons.The decrease was due to the temporary shutdown of one of the temporary power supply stops. The operation of the equipment…
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Tinplate imports to the United States in May 2026 decreased by 16.5% compared to AprilAccording to preliminary data from the US Department of Commerce, tinplate imports to the US in May this year amounted to 77,612 tons, which is 16.5% less than in April and 39.6% less year-on-year. In value terms, tinplate imports in May this year amounted to $93.51 million, compared with $111.44…
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Vale's net profit in the second quarter of 2026 decreased by 34% compared to the second quarter of 2025Brazilian mining company Vale reported a net profit of $1.414 billion for the second quarter of 2026, compared with $2.117 billion for the same period a year earlier. Net sales increased by 19 percent to $10.498 billion, while production costs increased by 20 percent to $7.294 billion. Gross profit…
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Indian JSW Steel Limited has received a global investment rating from Moody'sMoody's has assigned India's JSW Steel Limited a long-term issuer rating of Baa3 with a stable outlook, assigning the company a global investment rating, the company said in a statement on Friday, July 31.Moody's noted a steady improvement in the rating. The statement said JSW Steel is India's…
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Exports of structural pipes from the USA in May 2026 increased by 10.7% compared to AprilAccording to the export data of the US Department of Commerce, the export of structural pipes from the United States in May this year amounted to 5,622 thousand tons, which is 10.7% more than in April and 0.5% more than in May 2025. In value terms, the volume of exports of structural pipes in May…
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ArcelorMittal increases quarterly EBITDA to $2.06 billionArcelorMittal, the world's second largest steel producer, increased EBITDA by 23% in the second quarter of 2026 compared to the first quarter, to $2.06 billion, the company said. Compared to the same period last year, the indicator increased by 11%.Net profit amounted to $683 million, which is 18%…
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In the first half of 2026, Hoa Phat will reach 70% of the planned profit for 2026.Vietnamese steel giant Hoa Phat Group has announced its financial results for the second quarter and first half of 2026.In the first half of the year, the company's revenue amounted to 55.55 trillion dong ($2.11 billion), an increase of 53 percent year-on-year, and net profit reached 6.42 trillion…
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IEEFA: India's desire to expand coking coal production is fraught with increased methane emissionsIndia's drive to expand domestic coking coal production could significantly increase methane emissions if emissions abatement is not included in production planning, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA) published on Friday, July 31.As…
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