Metallurgy news

• 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

• Samarco lifts expansion freeze Brazilian iron ore and pellet producer Samarco announced that a federal court in the state of Minas Gerais has lifted an injunction before halting its mining expansion. The company indicated that the environmental license authorizing the expansion of the Germano complex, located between Mariana and... 31.12.2025  09:00

• US rig count increases, Canada rig count decreases - Week 53 of 2025 Baker Hughes reported that for the week ended December 23, 2025, the number of rotary drilling rigs in the United States increased by 3 to 545.The number of gas drilling rigs remained unchanged at 127, and the number of oil drilling rigs increased by 3 to 418. The total number of drilling rigs in... 30.12.2025  20:00

• US crude steel production down 1.7 percent - Week 53 of 2025 According to the American Iron and Steel Institute (AISI), for the week ended December 27, 2025, domestic crude steel production in the United States was 1.695 million net tons, and the capacity utilization rate was 74.0 percent.Production for the week ended December 27, 2025 decreased by 1.7... 30.12.2025  19:00

• CSN receives financial loan to enhance sustainability of Brazilian plant Brazilian steel and iron ore producer CSN has received a financial loan of $212 million from the official BNDES development bank to support the technological upgrade of sintering units at the Volta Redonda plant located in Rio de Janeiro State.The scope of delivery includes new precipitators and... 30.12.2025  19:00