Metallurgy news

• Indian company SMEL commissioned a new cold rolling mill in West Bengal Indian integrated steelmaker Shyam Metalics and Energy limited (SMEL) has commissioned a new cold rolling mill (CRM) at its West Bengal facility, marking a major milestone in its ongoing $682 million expansion project, the company announced on Thursday 23 October.The new cold rolling mill (CRM)... 23.10.2025  11:00

• India's Steel Ministry holds "open door" consultations on steel imports The Indian Ministry of Steel has called for "open door" consultations on various issues related to steel imports, the ministry said in a statement on Thursday, October 23.Companies and associations can submit their questions at the open day scheduled for October 27 in New Delhi, the statement... 23.10.2025  11:00

• Russian gold miners are in no hurry to take advantage of record prices on the world market to expand investments in new projects and geological exploration The main limiting factors are long payback periods, increased fiscal pressure, geopolitical isolation and rising prices for equipment and work. To avoid risks, the enterprise uses available funds for optimization, dividends and debt reduction. — K... 23.10.2025  11:00

• Our partner channel Metal and Mineral has published another EY report on risks in mining and metallurgy, where page 2 shows expectations for 2026 in comparison with those for the current year. It just so happens that I have been tracking this picture since 2012, and the pdf below contains EY risk maps for 2012, 2020, 2024, and 2025. It is especially interesting to compare the years 2012 and 2026 (on the 2026 scale):1. Previously, they talked pointedly about the lack of labor and access... 23.10.2025  11:00

• ANALYTICS The Association of RM and REM, based on its own data and expert assessment, prepares comprehensive reviews of key segments of the rare and rare earth elements market. Our reports contain structured information on price dynamics, production and consumption volumes, supply chains, key players and... 23.10.2025  11:00

• China's rebar production fell 0.1 percent in January-September 2025 According to the National Bureau of Statistics of China (NBS), from January to September this year, China's rebar production was 143.387 million tons, down 0.1 percent year-on-year.During the period, domestic wire rod production was 102.111 million tons, an increase of 1.7 percent year on year, and... 23.10.2025  10:00

• In September 2025, excavator production in China increased by 15.3 percent According to the National Bureau of Statistics of China (NBS), in the period from January to September of this year, the production volume of excavators in China amounted to 277,172 units, which is 16.8 percent more than last year.In September alone, China's excavator production totaled 31,608... 23.10.2025  10:00

• Quotes of thermal coal, which are already at multi-year lows, continue to fall The global price of coal with a caloric content of 6 thousand kcal/kg at the main ports of shipment varied in the range of 76.3–104.2 per ton, which is 16.8–27% lower than at the beginning of the year. The main reason is a decrease in demand.According to BP's forecast, global coal consumption will p... 23.10.2025  10:00

• Metallurgy is on its last legs: Severstal is falling, followed by Magnitogorsk Russian metallurgy is rapidly losing its stability. Severstal reported a 57% drop in net profit, revenue by 14%, and free cash flow for the first time went to minus 22 billion rubles against almost one hundred billion rubles of profit a year ago. Against the backdrop of a rising key interest rate... 23.10.2025  10:00

• The United States plans to conclude a deal with Kazakhstan to extract tungsten mines, a metal used by the Pentagon to produce ammunition, shells and other weapons. According to people familiar with the situation, Commerce Secretary Howard Lutnik facilitated negotiations between Cove Kaz Capital Group LLC and the Sovereign Wealth Fund of Kazakhstan on an application to develop two of the largest deposits of this metal in Kazhastan.The talks coincide with the... 23.10.2025  08:00