Metallurgy news

• IMF: G20 growth prospects worsen due to tariff increases, Turkey's forecast is raised The International Monetary Fund (IMF) said in its latest report that the G20's growth prospects have deteriorated, with forecasts of 3.2 percent in 2025, three percent in 2026, and a medium-term forecast of 2.9 percent, the weakest since the global financial crisis. The resilience seen in early... 24.11.2025  18:00

• India: Iron ore sales at electronic auctions in Karnataka increased by more than 40 percent month-on-month in October 25 amid improved purchases According to BigMint data, iron ore sales at electronic auctions in Karnataka increased sharply by 41 percent month-on-month to 1.19 million tons in October 2025, up from 850,000 tons in September. The steady volume growth reflects increased customer interest from sponge iron and pellet producers... 24.11.2025  18:00

• UBS analysts expect copper prices to rise UBS analysts expect copper prices to rise next year due to supply cuts amid ongoing disruptions to the mines.In addition, the increase will support high long-term demand associated with the transition to clean energy and increased investment in this area, the bank said in a statement.UBS raised its... 24.11.2025  18:00

• Global iron ore exports rose marginally in January-September 2025, despite a 3% drop in Chinese steel production. Global iron ore exports by major supplying countries increased slightly in January-September 2025, despite a downward trend in global steel production. Global iron ore exports rose just 0.25 percent year-on-year to 1.2 million tonnes over the period, according to the latest data from BigMint.Global... 24.11.2025  17:00

• Turkish company Erciyas Rail joins the Turkality® program to accelerate global expansion Turkish pipe manufacturer Erciyas Çelik Boru Sanayi A.Ş. Announced that its subsidiary Erciyas Rail has joined the Turkality® program, Turkey's flagship branding and export support initiative, following an audit and evaluations conducted by the Ministry of Commerce and its authorized auditing fi... 24.11.2025  17:00

• German company GMH Gruppe launches new rolling mill to expand production of precision steel The German manufacturer of special steel GMH Gruppe has announced the opening of its new rolling mill at the Georgsmarienhütte plant. The investment will strengthen the company's position as a leading European supplier of high-performance specialty steels.The new mill includes two high-performance ... 24.11.2025  16:00

• Confidence in Turkey's construction sector increased by 1.5 percent in November 2025 compared to October According to the monthly survey of industry confidence published by the Turkish Statistical Institute (TUIK), the index of confidence in the Turkish construction sector increased in November this year by 1.5 percent to 84.9 points compared to the previous month.According to indexes based on... 24.11.2025  16:00

• British Steel awarded £35m rail contract for Turkey's high speed network British steel company British Steel has announced it will supply £35 million worth of railway products to Turkey's latest high-speed rail development. The company has become a key supplier to Turkey's national rail modernization programme, having already supplied £30 million of rail products to the ... 24.11.2025  15:00

• Toyota plans major investments to expand production of hybrids in the United States Toyota Motor North America, a subsidiary of Japanese automaker Toyota Motor Corporation, announced a $912 million investment in five manufacturing plants in the United States to significantly expand its hybrid vehicle production capacity and meet growing demand in the American market.The investment... 24.11.2025  15:00

• Global steel production fell 5.9% in October World steel production in October 2025 decreased by 5.9% compared to October 2024 - to 143.340 million tons, with a decrease recorded in most countries of the top ten producers, according to data from the World Steel Association (Worldsteel).The top ten countries for steel production in October... 24.11.2025  15:00