Metallurgy news

• The Russian Steel Association has proposed to the Ministry of Finance and the Ministry of Industry and Trade to expand tax support for metallurgists In addition to deferring the excise tax on liquid steel and mineral extraction tax on ore, companies are asking to postpone the payment of insurance premiums to the first half of 2026 and not apply standard tax collection mechanisms to debts until August 1. This will save up to 1.19 billion rubles... 14.10.2025  16:00

• Malaysia to introduce carbon tax in 2026, targeting steel industry During the 2026 budget session, the Malaysian government confirmed plans to introduce a carbon tax next year in line with its commitment to creating a low-carbon economy and achieving net zero emissions by 2050.The initiative will start with sectors that produce the highest emissions, iron and... 14.10.2025  15:00

• Copper prices on the London Metal Exchange reached a level above 10.5 thousand dollars per ton. The increase in the cost of the metal is due to concerns about a reduction in supply due to lower production in Indonesia and Chile, while demand in China continues to grow. The International Copper Market Research Agency (ICSG) has adjusted its forecast for 2026, expecting a deficit of 150,000... 14.10.2025  15:00

• Turkey's iron ore imports fell 7.3 percent in January-August 2025 In August this year, Turkey's iron ore imports totaled 841,049 metric tons, down 10.2 percent from July and up 99.3 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these imports totaled $85.25 million, down 19.2... 14.10.2025  14:00

• Tosyalı reduces carbon emissions in steel production to 650 kg, targets less than 500 kg According to a report in the Turkish newspaper Ekonomi, speaking at the Transforming Leadership Summit held recently in Sakarya, Fuat Tosyali, chairman of the Turkish holding company Tosyalı, as well as the automobile companies BMC and Togg, said that Tosyalı has surpassed a significant threshold i... 14.10.2025  14:00

• Partners Salzgitter and oldendorff will reduce emissions from iron ore transport by 20% Salzgitter Flachstahl GmbH, a subsidiary of the German metallurgical concern Salzgitter AG, announced the signing of a strategic long-term agreement with the German bulk carrier oldendorff Carriers to decarbonize iron ore shipping.The collaboration marks an important step in reducing supply chain... 14.10.2025  13:00

• Coal imports to China decreased by 11.1% in January-September 2025 In January-September this year, China's coal imports totaled 345.885 million tons, down 11.1% from the previous year, Chinese customs authorities announced.In September alone, China's coal imports reached 46.003 million tons, up 7.6% from the previous month and 3.3% less than in the previous... 14.10.2025  12:00

• Worldsteel: Global steel demand will remain stable in 2025 and then recover in 2026 The World Steel Manufacturers Association (worldsteel) has published its short-term forecast (SrO) for global steel demand, covering 2025 and 2026. Global steel demand is projected to remain broadly stable in 2025 compared to 2024 at about 1.75 billion tons, before recovering by 1.3 percent in 2026... 14.10.2025  12:00

• China's core finished steel product inventories rose 4.9 percent in early October 2025 As of Oct. 10 this year, the total domestic inventories of five major finished steel products in China's 21 major cities totaled 9.46 million tons, an increase of 440,000 tons, or 4.9 percent, from Sept. 30, the China Iron and Steel Association (CISA) announced.Specifically, domestic inventories as... 14.10.2025  11:00

• China's car exports increased by 21 percent in January-September 2025 In the first nine months of this year, China's car exports totaled 5.684 million units, up 21.0 percent from last year, while in September alone, China's car exports totaled 756,000 units, up 40.3 percent from last year and up 23.7 percent on a monthly basis, as announced by the Chinese customs... 14.10.2025  11:00