July 24, 2026 - Today's Industrial Market News from Industrialinfo.com

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Industrial Info Resources - Industry News Podcast 2 min 1 speaker 4 chapters transcribed 1 month ago

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What major headlines open the World Industrial News for July 24, 2026?

Christine Ramos 0:11

This is the World Industrial News for Friday, July 24th. Brought to you by Industrial Info Resources of Sugar Land, Texas.

How did Cleveland-Cliffs' CEO describe the impact of steel tariffs on U.S. producers?

Christine Ramos 0:20

In the company's second quarter earnings conference call, Cleveland Cliffs Chief Executive Officer Lorenzo Goncalves was nothing if not effusive. The CEO spoke of the near- and long-term prospects for both the company and the U.S. steel sector in general as tariffs on foreign steel imports give a long-awaited boost to domestic producers. Gonclves touted the company's forecast that it will more than double EBITDA from the just-completed second quarter to the current third quarter, from $286 million to 508 sewers.

What growth targets and plans did Geopark announce for its Argentine operations?

Christine Ramos 0:54

Time thing! Geopark, a Latin American energy company, said it is on track to triple its hydrocarbon production from its Argentine assets by the end of 2026, with further volume growth over the next three years. The company averaged volumes of 1,400 barrels of oil equivalent per day throughout Q2 in Argentina. Guile Park expects to complete hydraulic fracturing of five wells at Loma Horiosa Est during the third quarter, followed by production startup, supporting its plan to triple Argentina production by year-end.

How did Grupo México report its mining division performance and Q2 net income?

Christine Ramos 1:29

Grupo México reported a mining division EBITDA of $5.92 billion during the first half of the year, a 61.3% year-on-year increase. Net income in Q2 reached $2.09 billion, which is 90.9% more than the same period in 2025. The positive financial results were partly the outcome of higher prices, despite lower copper, molybdenum, and silver production. For details on these and other breaking news, read the full stories at industrialinfo.com. I'm Christine Ramos, reporting for Industrial Info News.

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