Metallurgy news
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India's main industries recorded growth of 1.7% in April 2026, which is a two-month high.According to government data released on Thursday, May 21, India's eight infrastructure industries, designated as "core industries," recorded growth of 1.7 percent in April 2026, a two-month high.The eight main industries are coal, crude oil, natural gas, refined petroleum products, fertilizers…
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Yongjin Technology Group plans to establish Zhejiang Yongjin Precision Technology Co.Chinese stainless steel manufacturer Yongjin Technology Group Co., Ltd. from Jiangsu Province announced that it plans to establish Zhejiang Yongjin Precision Technology Co., Ltd. and invest 1.151 billion yuan ($0.17 billion) to build an industrialization project with an annual production capacity…
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India's ferrous scrap imports fall 20% in FY2026 amid cheaper domestic alternativesDespite the decline in imports, total ferrous scrap consumption in India actually rose 17 percent to a record 41 million tonnes in FY 2025-26 from 35 million tonnes in FY 2024-25. This comes as domestic scrap production jumped 22 percent year-on-year to 32 million tonnes, reducing the country's…
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Luo Tiejun: China must ensure fair competition and legal operations to promote high-quality development of the scrap metal industryWhile attending the 17th China International Symposium on Metal Recycling and Utilization and the 10th (Extended) Meeting of the Seventh Council of the China Scrap Metal Recycling Association in Hefei, Anhui Province, Luo Tejun, vice president of the China Iron and Steel Industry Association…
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China's new total social financing will increase to 15.45 trillion yuan in January-April 2026According to the People's Bank of China (PBOC), in January-April of this year, new aggregate social financing in China, representing a broad measure of lending and liquidity in the country, amounted to 15.45 trillion yuan (2.3 trillion US dollars), which is 893 billion yuan (130.6 billion US…
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Exports of heavy rolled products from Brazil increased by 117 percent in April, the United States is still absent from the market.Brazil exported 11,300 tons of thick sheet in April, up from 5,200 tons in March, according to SECEX, the foreign trade secretariat of the Ministry of Development, Industry and Foreign Trade.Despite sharply higher levels compared to March, volumes in April remain low compared to the average volumes…
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US becomes Turkey's largest coking coal supplier as imports rise 22.8 percent in January-March 2026Turkey's coking coal imports totaled 427,598 metric tons in March this year, up 102.2 percent year-on-year and 113.5 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these imports totaled $83.11 million, an increase of…
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Exports of rolled plates to the United States decreased by 6.5% in March 2026 compared to FebruaryAccording to export data from the U.S. Department of Commerce, exports of rolled plates to the United States totaled 41,797 tons in March this year, down 6.5 percent month-on-month and up 58.4 percent year-on-year. In value terms, exports of rolled plates totaled $45.09 million in March this year…
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US CRC Imports Down 24.8 Percent in March 2026 Compared to FebruaryU.S. imports of cold-rolled coil totaled 54,744 tons in March this year, down 24.8 percent month-on-month and down 53.2 percent year-over-year, according to preliminary U.S. Commerce Department census data. In value terms, CRC imports were $51.63 million in March this year, compared to $69.34…
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Thyssenkrupp reports a net loss and lower sales in the second quarter of fiscal year 2025-26German steel company Thyssenkrupp has announced financial results for the first quarter ending March 31, 2025-26 fiscal year.In the quarter, the company reported a net loss of €11 million, compared with a net profit of €167 million recorded in the same quarter of the previous fiscal year, while…
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