Metallurgy news

• Itaminas begins operating an Iron ore mine in Brazil Brazilian iron ore Itamin, controlled by AVG Group, has started production activities at the Jangada mine located in Sarzedo, Minas Gerais State.. The company plans to produce 8 million tons of iron ore per year in jangada, which is 64 percent, which increases the content by 64 percent, an average... 28.08.2025  10:00

• Rosstat announced the growth of losses of coal companies 26 times and amounted to 185.2 billion rubles. According to Rosstat, the profit of industry enterprises decreased by 35% and amounted to 58 billion rubles, while losses increased 2.6 times and reached 243.2 billion rubles. The share of profitable companies in the sector decreased to 34%, the number of... 28.08.2025  10:00

• 1. Vietnam opens its gold market, putting the end of the state monopoly on imports and export of unprocessed gold ingots, as well as their production According to the decree, the companies and commercial banks that have received the approval of the Central Bank can produce gold bullion. According to a separate statement, the State Bank of Vietnam will also give licenses for the import of unprocessed gold and foreign trading ingot. According... 28.08.2025  09:00

• Exporting restrictions in the UK can cause damage to the economy and competitiveness A new study conducted by the University of Sheffield of Hallama, ordered by the British Association of Metal Processing (BMRA), warned that the restriction of British scrap exports could have destructive economic consequences. The results are received while the Great Britain government weighs... 27.08.2025  19:00

• Hyiron, Namibia and Toyota Tsusho join forces to build a green Steel creation chain in Africa Namibia-based steel producer Hyiron, in collaboration with the Government of Namibia and Toyota Tsusho Corporation of Japan, has signed a memorandum of understanding (MOU) to promote the development of a sustainable clean and green steel chain in Africa. The partnership highlights Africa's growing... 27.08.2025  19:00

• MMK invests more than 10 billion rubles in a green transformation The Russian manufacturer became the Magnitogorsk Metallurgical Plant (MMK) announced that in 2025 it would allocate more than 10.2 billion rubles ($ 126.84 million) for environmental initiatives, confirming its commitment to sustainable steel production. these investments are part of the... 27.08.2025  18:00

• Fortescue reports lower net profit and revenue in fiscal Year 2024-25 The Australian iron ore company Fortescue Metals Group has announced financial and operating results for the 2024-25 financial year ended June 30.In this fiscal year, the company's net profit was $3.37 billion, down 41.0% from the previous fiscal year, reflecting lower EBITDA, and sales revenue was... 27.08.2025  18:00

• For seven months, 23.8 million tons of cargo in export-import message were transported through the border crossings with the PRC. Since the beginning of the year, there has been an insignificant growth, within one percent. Now the indicators are at the level of last year. Trade with China stagnates, and this is reflected in cargo transportation. the main cargo at all border crossings is coal (45%). In total, over 10... 27.08.2025  18:00

• The US peak tariff on India will hit exporters from August 27 Indian exporters will collide with US tariffs up to 50 percent, since the administration of Trump of the highest fee enters into force from today, sources in the Indian government on Wednesday, August 27. These tariffs do not apply to Indian exports of steel, which is already falling under the 50... 27.08.2025  17:00

• Baosteel completes gearbox upgrade at SMS Group's hot strip mill Baoshan Iron & Yunnan Steel (Baosteel), one of China's leading steel producers, has successfully completed gearbox upgrades at its 2,050 mm hot rolling mill in Shanghai supplied by SMS Group. The maintenance project, completed during the annual overhaul in 2025, enhances the operational reliability... 27.08.2025  17:00