Metallurgy news

• Preliminary agreement between JSW Steel and POSCO Group on the construction of a new steel mill in India According to a statement released by JSW Steel Limited on Monday, August 18, India's JSW Steel and South Korea's POSCO Group have signed a non-binding agreement (HoA) to jointly explore the possibility of establishing a 6 million steel mill in India. This Agreement is based on the memorandum of... 18.08.2025  17:00

• Net profit and revenue of Bluescope fell in 2024-25 financial year Australian steel company Bluescope Steel published financial and operating results for the financial year, ending on June 30, 2025. The company published a net profit of $ 83.3 million for a full financial year, which is 89.7 percent less compared to a net of $ 805.7 million in the previous one... 18.08.2025  16:00

• Domestic steel consumption in Japan decreased by 2.3 percent in the first half of 2025 In June of this year, domestic consumption of steel products in Japan totaled 3.62 million metric tons, up four percent from the previous month and 2.9 percent year-on-year, according to data released by the Japan Ferrous Metallurgy Association (JISF). Meanwhile, in the first half of 2025, the... 18.08.2025  16:00

• China tightly controls the rare earth metals market, restricting foreign companies from creating reserves. China has urged foreign companies not to build up excess reserves of rare earth metals and products made from them, especially magnets used in electric motors and other critical technologies, threatening export restrictions."China tells companies that they cannot create huge reserves of rare earth... 18.08.2025  16:00

• The Turkish company Borusan Boru published a lower net profit for the first half of 2025, expecting the internal inflationary pressure to be preserved A large Turkish manufacturer of steel pipes Borusan Birleşik Boru Fabrikaları Ticaret a. ş. He announced financial results for the first half of this year. during the indicated period, the company reached a net profit of 597.85 million Turkish lire ($ 14.95 million) compared with a net profit o... 18.08.2025  14:00

• Russian MMK expands presence in Kyrgyzstan with major steel supply deal Magnitogorsk Iron and Steel Works (MMK), a Russian steel producer, has announced the signing of a large-scale supply agreement with the Kyrgyz company Metallorg Service, one of the leading distributors of steel products in the country. As part of the deal, MMK will annually supply steel products... 18.08.2025  14:00

• Sources for free market research To do market research: - the market volume in buyers and money - the rate of growth, stagnation, falling - various segments - trends (including nascent) take the sign for free - there is a file in the post. Experi - to whom it is more convenient in Google docks, take here to access some... 18.08.2025  14:00

• China cuts steel production for the third month in a row In January-July, China reduced steel production by 3.1% compared to the same period a year earlier, to 594.47 million tons, according to the country's State Statistics Service.This is the minimum production volume for this period since 2020.In particular, in July, steel production decreased by 4%... 18.08.2025  14:00

• Trump plans tariffs for steel imports and semiconductor chips According to media reports, US President Donald Trump plans to introduce new tariffs for steel imports and semiconductor chips, which can even more shake world trade, already intense US protectionist policy. It is expected that the tariffs will initially be declared at low rates that will increase... 18.08.2025  13:00

• Cast iron imports to Turkey increased by 51.3% in the first half of 2025 In June of this year, the import of cast iron into Turkey amounted to 205,502 metric tons, which is 12.1 percent less than May and 139.3 percent more in annual calculus, according to preliminary data provided by the Turkish Statistical Institute (Tuik). Meanwhile, the cost of this import amounted... 18.08.2025  12:00