Metallurgy news

• Dubai-based aluminum giant Emirates Global Aluminum (EGA) has lost its raw material assets in Guinea due to non-compliance with the terms of the concession. Last week, the Guinean subsidiary of the GAC Aluminum Corporation terminated all employment contracts and contracts after the Government of Guinea cancelled the concession agreement and transferred the bauxite mining license issued by GAC to the newly created state-owned company. The government's... 26.08.2025  18:00

• Swiss Steel experiences hydrogen in furnaces without affecting the quality of steel Swiss Steel Group announced the results of its tests to replace natural gas with pure hydrogen in steel furnaces. This initiative is part of the financial EU project Hydreams, the purpose of which is to reduce carbon emissions by 4.5 million tons by 2032 and accelerate the transition of steel... 26.08.2025  17:00

• Canadian steelmakers insist on tougher import measures The Canadian Steel Manufacturers Association (CSPA) has released a statement announcing its intention to meet with the Government of Canada following Prime Minister Mark Carney's comments on the removal of tariffs on imported goods coming from the United States that are subject to the USMCA, as... 26.08.2025  17:00

• In Dammam, the first in Saudi Arabia will be built a plant for the production of EDP ingots Rayanco, the leading supplier of scrap metal in Saudi Arabia, announced plans for the construction of the first plant in the country for the production of steel ingots with an electric -armed stove (EDF). Новый объект будет стратегически расположен в 3-й промышленной зоне Даммама, что станет важной... 26.08.2025  16:00

• The United States supports the CVD order for wire rod from China The U.S. Department of Commerce (DOC) has announced the final results of the review of countervailing duty orders (CVD) for carbon and alloy steel wire rods from China.DOC has determined that the cancellation of countervailing duty orders (CVD) for these products from China is likely to result in... 26.08.2025  16:00

• DRI global trade will remain stable in 2025, despite tariffs and sanctions American company Midrex Technologies, a subsidiary of the Japanese steel company Kobe Steel, published its global statistics on production and iron trade trade (DRI), showing that the world production of DRI has grown to 140.8 million tons in 2024, which is 3.8 percent more than 135.7 million.... 26.08.2025  15:00

• NBS: Reinforcement prices in China decreased by 0.2 percent in mid -August In mid-August (August 1-10) of this year, the average price in China HRB 400e 20 mm decreased by RMB 6.4/MT ($ 0.9/MT) or 0.2 percent to RMB 3261.0/MT ($ 459/MT), compared with the price in early August (August 1-10), as announced by the National Statistics Bureau of Statistics China. At a... 26.08.2025  14:00

• South Korea creates new anti-dumping team to combat unfair trade practices South Korea's Ministry of Economy and Finance has announced that it will set up a special anti-dumping group in its Tax Policy Directorate to combat unfair trade practices. This move is due to the fact that anti-dumping investigations imposed on foreign imports have steadily increased over the past... 26.08.2025  14:00

• Indian-Chinese trade relations are not balanced Chinese exports to India exceed Chinese imports from this country by 6-7 times, and this trend is only increasing over time: in 2019-2023, Chinese shipments increased by 76%, while Indian shipments decreased by 7%.The growth of Chinese metal exports to India is a huge 42% per... 26.08.2025  14:00

• BHP: Chinese steel plateau, India becomes a key growth driver Australian mining giant BHP released its economic and raw materials forecast for August 2025, which emphasizes the stability of demand for bulk raw materials, despite uncertainty in world trade. Political shifts, tariffs and industrial interventions determined the year, influencing trade flows and... 26.08.2025  13:00