Metallurgy news

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• SMS upgrades Henan Jiyuan iron and steel billet casting machine SMS Concast, part of the German plant SMS group, has received a major contract from Chinese steel manufacturer Henan Jiyuan Iron and Steel to modernize its No. 2 continuous caster. Originally built by a local manufacturer, the eight-strand continuous caster will undergo a complete modernization to... 28.10.2025  10:00

• Israeli steel mill went bankrupt due to Turkish trade embargo The Israeli steel company Shaul Gueta Iron and Steel Company has declared bankruptcy after a sharp business collapse following Turkey's decision to cease all trade with Israel amid the conflict in Gaza, according to media reports.The company's total debt reached approximately 105 million Israeli... 28.10.2025  10:00

• Indian order of L&T bags for construction of coke oven battery at Tata Steel plant in Jamshedpur India's Larsen & Toubro limited (L&T), a major engineering, procurement and construction company, has been awarded an order to build Tata Steel limited's 1 million tonne per annum coke oven battery at the latter's Jamshedpur steel plant, the company said in a statement on Tuesday 28 October.Under... 28.10.2025  09:00

• Rashmi Group invests $1.13 billion in new 2.8 million ton steel mill in West Bengal Indian integrated steel producer Rashmi Group has announced plans to invest about $1.13 billion in the construction of a new steel mill with an annual capacity of 2.8 million tons in the eastern state of West Bengal, according to a company statement released on Tuesday, October 28.The project will... 28.10.2025  09:00

• The number of drilling rigs in the US and Canada will increase - Week 44 of 2025. Baker Hughes reported that for the week ended October 24, 2025, the number of rotary drilling rigs in the United States increased by 2 to 550.The number of gas drilling rigs remained at 121, and the number of oil drilling rigs increased by 2 to 429. The total number of drilling rigs in the United... 28.10.2025  06:00

• U. S. crude steel production Rose 0.2 Percent in the 44th week of 2025 According to the American Institute of Iron and Steel (AISI), for the week ending October 25, 2025, domestic production of raw steel in the United States amounted to 1,747 million net tons, and the capacity utilization rate was 76.3 percent.Production for the week ending October 25, 2025 increased... 28.10.2025  06:00

• Confidence among Brazilian industrial entrepreneurs increased in October The October result for the ICEI index, which measures the level of confidence among Brazilian industrial entrepreneurs, was 47.2 points, compared with 46.2 points in September. Despite this rise, the index remained below the 50.0-point threshold separating optimism from pessimism for the tenth... 28.10.2025  00:00