Metallurgy news

• Türkiye and South Africa strengthen trade relations with new JETCO declaration Turkey and South Africa have taken a significant step towards deepening bilateral economic cooperation by signing the Joint Economic and Trade Commission (JETCO) Declaration and Memorandum of Understanding on Free Zone Cooperation. The agreement aims to accelerate trade and investment between the... 23.10.2025  14:00

• Taiwan's base metal export Orders Decreased by 9.5% in January-September 2025 According to statistics released by Taiwan's Ministry of Economy, Taiwan's export orders for base metals and products made from them totaled $1.87 billion in September this year, an increase of 1.7% compared to August 2024 and a decrease of 6.3% compared to the previous month. In August, export... 23.10.2025  14:00

• China will cancel tax breaks on diamond imports, raising VAT from 4% to 13%, Rapaport reports. Starting from November 1, 2025, diamond importers through the Shanghai Diamond Exchange (SDE) will no longer benefit from a preferential VAT or duty refund rateIn general, the cancellation of diamond trading privileges in China (13% of global diamond jewelry sales) may add stress to the already... 23.10.2025  14:00

• SSAB delays launch of Oxelösund EAF project, net profit rises in Q3 2025 Swedish specialty steel manufacturer SSAB has published financial results for the third quarter and first nine months of this year.The company reported a net profit of SEK 1.49 billion ($158.48 million) in the quarter, compared with a net profit of SEK 1.05 billion in the corresponding period last... 23.10.2025  13:00

• Japan's crude steel production decreased by 3.7 percent in September 2025 In September of this year, Japan's crude steel production decreased by 3.9 percent compared to the previous month and decreased by 3.7 percent compared to September 2024, totaling 6.37 million tons, according to data released by the Japan Federation of Ferrous Metallurgy (JISF).Meanwhile, Japan's... 23.10.2025  13:00

• Turkish company Tosçelik will build a solar power plant in Sanliurfa Turkey's Ministry of Environment, Urbanization and Climate Change has announced the completion of the review and assessment process for an environmental impact assessment (EIA) application submitted by local steel manufacturer Tosçelik Profil ve Sac Endüstrisi A.Ş. for its solar power project in Si... 23.10.2025  12:00

• ArcelorMittal plans to resume operations in Fos-sur-Mer in December after the incident at the site Following the October 8 fire at its Fos-sur-Mer facility in France, ArcelorMittal confirmed that the immediate priority remains to ensure the safety of work at the site, which is expected to be completed by the end of the week.The company said it is working closely with local authorities and... 23.10.2025  12:00

• 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