Metallurgy news
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Fortescue reports lower net profit despite revenue growth in Fiscal Years 2025-26Australian iron ore mining company Fortescue Metals Group has announced its financial and operating results for the 2025-26 fiscal year ended June 30.In the fiscal year under review, the company's net profit was $2.87 billion, down 15.0 percent from the previous fiscal year, and sales revenue was…
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IEEFA: India's Steel Industry Sustainability Strategy must address financial and technical gaps in small factoriesThe Indian secondary metallurgy sector, which accounts for about 47% of the country's steel production and emits about 50 million tons of carbon dioxide annually, will play a crucial role in India's transition to green metallurgy, according to the U.S.-based Institute for Energy Economics and…
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Corinth Pipeworks to supply 120,000 tons of pipes for Mozambique's Rovuma LNG projectCorinth Pipeworks, a Greek steel pipe manufacturer, has announced that it has obtained the right to supply linear pipes for the first phase of the Rovuma LNG project in Mozambique from Zone 4 partners led by ExxonMobil Moçambique, Limitada, acting as a delegated operator.Under the contract, Corinth…
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HRC production volume in China decreased by 4.5 percent in January-July 2026According to the National Bureau of Statistics of China (NBS), in the period from January to July of this year, China's HRC production amounted to 126.686 million tons and 29.404 million tons, which is 4.5% less than last year and 6.1% more than last year, respectively.In July alone, China's HRC…
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China's iron ore production decreased by 8.7% in January-July 2026Between January and July of this year, China's iron ore production totaled 536.055 million tons, down 8.7% year-on-year, 1.7 percentage points faster than the decline recorded in the first six months of this year, according to China's National Bureau of Statistics (NBS).In July of this year, the…
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Sales of Brazilian steel distributors increased in July; more active purchases led to an increase in inventoriesAccording to the Brazilian Institute of Steel Distributors INDA, their partners sold 330,200 metric tons of steel products in July compared to 317,700 tons in June.On a similar comparative basis, purchases by INDA-affiliated distributors increased by 6% to 343,300 tons, while inventories increased…
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CRC imports to the United States increased by 15.0% in June 2026 compared to MayAccording to preliminary data from the US Department of Commerce, imports of cold-rolled coils to the United States in June this year amounted to 87,174 thousand tons, which is 15.0% more than in the previous month and 2.4% less year-on-year. In value terms, CRC imports totaled $81.3 million in…
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Exports of rolled steel from the USA in June 2026 increased by 17.9% compared to MayAccording to the export data of the US Department of Commerce, the export of rolled steel products from the United States in June this year amounted to 50,577 tons, which is 17.9% more than in the previous month and 66.7% year-on-year. In value terms, exports of rolled steel products in June this…
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Exports of thick-rolled products from Brazil increased in July amid renewed sales in the United StatesBrazil exported 21,100 metric tons of rolled steel in July versus 13,100 tons in June, the highest volume since February, mainly due to the resumption of shipments to the United States that were not delivered in June, according to SECEX, the secretariat of foreign trade of the Brazilian Ministry of…
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Ansteel company starts to replace 2,580 cubic meters of aerated concrete mix No. 4 at the base in AnshanLiaoning-based Chinese steel company Anshan Iron and Steel Group (Ansteel), a subsidiary of China's second largest steel producer Ansteel Group, has launched an environmentally friendly and low-carbon project to replace blast furnace No. 4 at its main iron smelter in Anshan City, Liaoning Province…
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