Metallurgy news
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India's iron ore exports jumped in April 2026 due to stronger orders in China and improved logisticsExports of iron ore and pellets from India increased by 39.6% month-on-month to about 2.29 million tons in April 2026, according to BigMint data, from 1.64 million tons in March. The total amount included 2.14 million tons of iron ore and 0.15 million tons of pellets.The sharp increase was driven…
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In March 2026, U.S. HRC imports were up 70.4 percent from February.U.S. hot-rolled sheet imports totaled 85,939 tons in March this year, up 70.4 percent from February and down 28.6 percent from March 2025, according to preliminary data from the US Department of Commerce. year.In March, the United States imported the most heat-resistant materials from Japan -…
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The Japanese company JFE Steel forecasts a decrease in net profit and net sales in the 2025-2026 fiscal year, as well as the continuation of difficult market conditions.Japanese steel company JFE Holdings Co. announced consolidated financial and operating results for the full 2025-26 fiscal year ended March 31.For the full fiscal year, the company recorded a net profit of 74.03 billion yen (468.84 million US dollars) compared to a net profit of 93.25 billion yen…
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UK government could spend billions more to nationalize British SteelThe UK government is reportedly facing the prospect of spending billions more on British Steel as ministers move to fully nationalize the company, according to a Politico report citing multiple steel industry sources.During The Royal Speech on Wednesday, May 13, King Charles said the UK government…
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CRC exports from the United States increased by 19.1% in March 2026 compared to FebruaryAccording to export data from the U.S. Department of Commerce, exports of cold-rolled coils to the United States totaled 68,586 tons in March this year, up 19.1 percent month-on-month and 6.7 percent year-on-year. In value terms, CRC exports totaled $93.73 million in March, compared with $75.3…
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Morocco to extend protective measures on hot rolled coil imports for three yearsMorocco's Ministry of Industry and Trade has completed its final review of protective measures regarding hot rolled coil imports. Morocco will extend the current protective measure for another three years, starting June 19, 2026, according to an official notice published by the ministry. The report…
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Iron ore exports through Port Hedland decreased 0.2 percent in April 2026 compared to MarchIn April of this year, iron ore shipments from Australia's Port Hedland decreased by 0.2 percent month-on-month and 0.9 percent year-on-year, amounting to 46,275,422 tons.According to information published by the Port Authority Port Hedland, iron ore shipments from Port Hedland shipments to China…
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FAI on China's railways rose 3.2% in January-April, investment target for 2026 reducedChina Railway Corporation (CRC) announced that total fixed asset investment (FAI) in China's railways was 200.8 billion yuan ($29.4 billion) between January and April this year, up 3.2% year on year, 1.9 percentage points slower than the growth recorded in the first three months.High base railway…
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Vallourec's revenue decreased in the first quarter of 2026, while EBITDA margin improvedFrench pipe manufacturer Vallourec has announced financial results for the first quarter of 2026. The company's revenue in the specified period decreased by seven percent year-on-year to $975 million, while EBITDA remained almost stable year-on-year at $220 million. The company's EBITDA margin…
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Canada's Algoma Steel reports wider losses in first quarter of 2026 as EAF transition cuts suppliesAlgoma Steel Group Inc. announced financial results for the first three months of this year. The company reported a consolidated net loss of C$159.4 million for the first quarter, compared with a net loss of C$24.5 million in the previous quarter. Revenue was C$296.9 million, up from C$517.1…
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