Metallurgy news

• EESC calls for strengthening trade protection in the conditions of a deepening crisis in the EU steel industry The European Economic and Social Committee (ESC) voiced anxiety about the existential crisis, which is faced with the steel and metallurgical industry of Europe. Since imports are growing, US tariffs close export routes and grow global excess capacities, ESC warns that Europe risks losing not only... 10.09.2025  13:00

• Chinese steel pipe export prices are stable, local prices may rise next week During the week ending September 10, the average prices for export shipments of Chinese steel pipes changed sideways. Currently, export offers for welded pipes provided by Chinese suppliers are in the range of $470-480/mt FOB, remaining stable on average compared to September 3, while export offers... 10.09.2025  13:00

• Silvan Rolls collaborates with Vesuvius and Demora for a steel production project at a mini-factory in Turkey The Global Fire Material Leader Vesuvius Group announced a strategic partnership with the Turkish steel company Silvan Rolls, which is an important step for the Silvan mini-factory project in Karabyuk, Türkiye. Project volume and details Equipment Silvan mini-zero is developed using modern ... 10.09.2025  12:00

• Freeport has temporarily suspended operations at the Grasberg mine in Indonesia after an underground incident involving a wet rock flow. Which blocked key access roads, according to a company press release. Rescue operations are currently underway. Grasberg is one of the world's largest copper and gold mines, accounting for about 4% of the world's copper output. In our opinion, even a short-term disruption of the facility could... 10.09.2025  12:00

• India Government working on 30% export tax on low iron ore The Indian government is working on the introduction of a 30 percent export tax on an iron ore with a low degree until October of this year, government sources reported on Wednesday, September 10. This is aimed at contributing to the addition of internal value in iron ore and an increase in... 10.09.2025  11:00

• Turkey's harvest increased by 61.6 percent in January 2025. In July of this year, Turkey's imports of billets and flowers totaled 453,113 metric tons, up 9.7 percent from June and 73.4 percent annually, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports amounted to 222.26... 10.09.2025  11:00

• Chinese steel industry PPI decreased by 9.5 percent in January-August 2025. In August of this year, the Chinese manufacturers (PPI) price for its iron smelting sector decreased by 4.0 percent per year, by 6.0 percentage points more slowly compared with the reduction in the pace registered in July, while within 1.9 percent per month, according to the data published by the... 10.09.2025  10:00

• Hunan Steel Group's gross profit increased by 1.97 percent in H1 2025 Hunan Iron and Steel Group (Hunan Steel Group), a Chinese steel manufacturer based in Hunan Province, announced that in the first six months of this year, it recorded annual operating income, while it generated gross profit of 5.18 billion yuan in the period, up 1.97 percent year-on-year. The... 10.09.2025  10:00

• Rare metals of Russia: the path to independence by 2030 The Ministry of Industry and Trade of the Russian Federation revealed ambitious plans for the development of the extraction of rare and rare earth metals (RES), which should save the country from import dependence by the end of the decade. Fedroekt “Development of the industry of rare and rare e... 10.09.2025  09:00

• According to him, it is the most vulnerable players (with high debt load, a weak export position, dependence on domestic markets) receive Direct benefits from the moratorium. At the same time, the expert adds, the effectiveness of the measure will be higher if support is aimed at preserving industries and jobs, and not at subsidizing ineffective business models. Associate Professor of the Department of Economics Misis Abdulov... 10.09.2025  08:00