Metallurgy news

• Goldman Sachs Group Inc. raised its forecast for iron ore prices for 2026 to 93 per tonne due to macroeconomic support, inventory reduction and steady steel production in China. The Bank still expects iron ore prices to drop to $88 per tonne next year by the last quarter of 2026, as China's steel sector is already experiencing oversupply again.Global iron ore shipments increased 15% year-on-year this quarter, which is likely to exacerbate seasonal inventory growth at ports... 31.10.2025  09:00

• Round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metals invites you on November 13 this year. in St. Petersburg for a round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metalsThe key issues of the round table will be:- exchange of views on the current situation in the markets of raw materials and rolled non-ferrous... 31.10.2025  08:00

• Recycled steel use is declining worldwide Global secondary steel consumption in key regions fell 6.9% year-on-year to 235.96 million tonnes, accounting for 76% of global steel production. In the first half of 2025, recycled steel consumption fell in China, the EU-27, the US, Japan and South Korea, while India and Turkey recorded... 31.10.2025  07:00

• Canadian Algoma Steel reports a net loss for the third quarter Canadian steel producer Algoma Steel has announced its financial and operating results for the third quarter ended September 30, 2025 fiscal year.In the third quarter, the company recorded a net loss of CAD$485.1 million, compared to a net loss of CAD$106.6 million in the same period last year, and... 31.10.2025  01:00

• Brazilian company CBMM plans to increase niobium production ahead of demand CBMM, the world's largest producer of niobium ferroalloys, has announced plans to increase niobium production in anticipation of growing demand. According to CEO Eduardo Mencarini and Brazilian press reports, CBMM production is projected to reach 100,000 tons in 2025, up from 95,000 metric tons in... 31.10.2025  01:00

• Glencore cut copper production by 17% due to falling ore grades One of the world's largest diversified mining groups, Glencore, cut its own copper production by 17% year on year to 583.5 thousand tons in January-September 2025, the company said on Wednesday. Peruvian Antapakkay and KCC (DR Congo).In the third quarter, copper production was 36% higher than the... 30.10.2025  23:00

• The Government proudly reports on its unprecedented efforts to save the domestic steel industry. By the decree of October 29, the deadline for paying the excise tax on steel and the mineral extraction tax on iron ore was postponed until December 1, 2025, which, we quote, "will allow metallurgical enterprises to free up working capital for additional support of their activities and investment... 30.10.2025  19:00

• South Korean POSCO reported an increase in net profit in the third quarter of 2025 South Korean steel company Pohang Iron and Steel Co. (POSCO) announced consolidated financial results for the third quarter of this year.The company reported operating profit of 639 billion won (US$446.67 million) in the quarter, up 4.7 percent from the second quarter. In the third quarter, POSCO's... 30.10.2025  17:00

• Outokumpu reports higher net loss in January-September 2025 and announces $45 million investment in US ferrochrome. Finnish stainless steel manufacturer Outokumpu announced its financial results for the second quarter and first half of the year.The company recorded a net loss of 55 million euros in the third quarter, compared with a net loss of 19 million euros in the previous quarter and a net profit of 20... 30.10.2025  16:00

• BHP and POSCO collaborate to advance HyREX pig iron technology to produce near-zero emissions Australian mining company BHP and South Korean steel company POSCO have signed a memorandum of understanding (MoU) to collaborate on the development and testing of POSCO HyREX hydrogen reduction cast iron technology, a process designed to achieve near zero emissions from steel production.The... 30.10.2025  16:00