Metallurgy news
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26.11.2025 07:00
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26.11.2025 07:00
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Codelco plans record rise in copper premium for China Chile's Codelco, the world's largest copper producer, plans to increase the premium on the price of this metal for Chinese buyers to a record size in 2026.The company intends to raise the premium on annual contracts to $335 per ton, Bloomberg reports, citing a source. According to another source,...
25.11.2025 21:00
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German company Saarstahl acquires FNsteel to increase production of high-quality steel for cold planting German long products manufacturer Saarstahl AG has announced the acquisition of Dutch long products manufacturer FNsteel BV. With this acquisition, Saarstahl is strengthening its position in the most important product segment serving the automotive and construction industries, reinforcing its...
25.11.2025 18:00
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The Indian company OMC has received an environmental permit to expand the Kurmitar iron ore mine to 6 million tons per year. Odisha Mining Corporation (OMC), a state-owned enterprise of the government of the state of Odisha in eastern India, has received approval to conduct an environmental impact assessment (EIA) and an environmental management plan (EMP) to increase the capacity of the Kurmitar iron ore mine from 2.4...
25.11.2025 18:00
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India plans to introduce new three-year structured safeguard duty on steel imports The Indian government is considering introducing a new structured safeguard duty on steel imports, a government official said on Tuesday, November 25.The official said the plan is to introduce a new safeguard duty of 11-12 percent. Under the new structure, the safeguard duty will be levied for a...
25.11.2025 17:00
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MEIS: Protective measures will affect Asian steel exports more than CBAM The development of green steel and changes in steel trade flows in Asia were among the main topics discussed at the Middle East Metallurgy Conference (MEIS) held in Dubai last week. In particular, although at first glance Asian steel companies, which mainly use the BF/BOF route, will be among the...
25.11.2025 17:00
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Turkey's base metals capacity utilization in November 2025 from October According to preliminary data released by the Central Bank of Turkey, the capacity utilization rate of the Turkish base metals industry was 75.3 percent in November this year, up from 74.7 percent recorded in the previous month, while the capacity utilization rate of the Turkish base metals...
25.11.2025 16:00
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Hyundai Steel will supply low carbon steel to South Korea's expanding national electricity grid. South Korean steel company Hyundai Steel has announced the signing of a memorandum of understanding with the Korean Electric Power Corporation (KEPCO) and the Korean Cooperative of Electrical Manufacturers to ensure stable supplies of low-carbon steel for the large-scale expansion of South Korea's...
25.11.2025 16:00
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Russia's Severstal has begun construction of a new heat recovery plant The Russian steel company Severstal has announced the start of construction of a heat recovery plant (UTPP) at the Cherepovets Metallurgical Combine (CherMK), its flagship production site. The project aims to expand the company's own energy capacity by converting blast furnace gas into electricity,...
25.11.2025 15:00
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