Metallurgy news

• TUIK: In January-November 2025, the value of steel exports from Turkey increased by 5.5 percent Turkey's trade deficit increased by 6.3 percent to $7.98 billion in November this year compared to November 2024, according to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). In the first 11 months of this year, Turkey's foreign trade deficit rose 12.6... 31.12.2025  14:00

• ADMIB: High demand from the EU supported Turkish steel exporters in November According to the Turkish Mediterranean Association of Ferrous and Non-Ferrous Metal Exporters (ADMIB), in November this year, Turkey's exports of ferrous and non-ferrous metals increased by 0.9 percent year-on-year to $1 billion, while exports of the steel industry increased by 5.9 percent... 31.12.2025  14:00

• Indian company SSWL invests $47 million to expand steel wheel plant in Gujarat Indian steel and alloy wheel maker Steel Strips Wheels limited (SSWL) will invest approximately $47 million to expand and modernize its manufacturing facility in the western state of Gujarat, the company said in a statement on Wednesday, December 31.The proposed expansion will focus on increasing... 31.12.2025  13:00

• Exports of tool steel from the United States in August 2025 increased by 8.5% compared to July According to export data from the U.S. Department of Commerce, exports of tool steel from the United States totaled 6,332 tons in August last year, up 8.5 percent from July and down 20.9 percent year-on-year. In value terms, tool steel exports totaled $15.36 million in August, compared with $13.33... 31.12.2025  13:00

• China's Ministry of Finance reduces the VAT rate for real estate transactions in an attempt to support real estate in 2026 The Ministry of Finance and the State Administration of Taxation of China announced that, starting in 2026, for individuals selling residential property acquired in less than 2 years, the VAT rate will be reduced from the previous 5 percent to 3 percent. Properties held for two years or more will... 31.12.2025  12:00

• TUIK: The cost of steel imports to Turkey decreased by 5.1 percent in January-October 2025 According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in November this year, the value of iron and steel imports to Turkey fell by 7.8 percent year-on-year, amounting to $1.95 billion. In this month, iron and steel ranked sixth among the country's... 31.12.2025  12:00

• US trade bar exports fell 16.3 percent in August 2025 compared to July U.S. exports of light bullion (trade bars) totaled 4,279 tons last August, down 16.3 percent from July and down 10.5 percent year over year, according to U.S. Commerce Department export data. In value terms, merchant bar exports totaled $5.14 million in August, up from $5.99 million the previous... 31.12.2025  11:00

• India: Odisha puts 35 mineral blocks up for auction next year In response to the Centers' expectations to ensure a more uninterrupted and predictable supply of minerals for rapid industrial growth, Odisha, India's most mineral-rich state, is ready with a tentative list of 35 mineral blocks to be auctioned next year.The state Department of Steel and Mining... 31.12.2025  11:00

• India introduces phased three-year protective duty on steel imports from China, Vietnam, Nepal According to a government notice published on Wednesday, December 31, the Indian government has introduced phased three-year protective duties on steel imports from China, Vietnam and Nepal to protect domestic industry.The collection was based on recommendations from the Directorate General for... 31.12.2025  10:00

• GTRI: The EU CBAM, effective January 1, is likely to force Indian steel exporters to cut prices by 15-22% The European Union (EU) carbon tax on steel will take effect on Thursday, January 1, 2026 and is expected to damage Indian exports, with exporters being forced to cut prices by 15-22 percent, according to a report by the Global Trade Research Initiative (GTRI) think tank on Wednesday, December... 31.12.2025  10:00