Metallurgy news

• Saudi Arabia and Mauritania form strategic partnership to increase iron ore production According to media reports, Saudi Arabia and Mauritania are preparing to launch a strategic partnership in the field of iron ore mining aimed at expanding economic cooperation and increasing investment flows between the two countries. The initiative was agreed upon after a meeting in Mecca between... 25.08.2025  16:00

• Almost half of the SMZ minority shareholders agreed to buy back shares at a price of 9.6 thousand rubles apiece. Agreement on payments for the alienation of shares of JSC "Solikamsk Magnesium Plant&"(SMZ, Perm Krai) concluded more than 1.1 thousand minority shareholders, a representative of the Prosecutor General's Office of the Russian Federation said during the consideration of the cassation appeal in the... 25.08.2025  16:00

• The reserves of the main finished steel products in China increased by 5.0 percent in mid -August 2025 on August 20 of this year, the total internal reserves of the five main finished steel products in 21 large city of China amounted to 8.43 million tons, increasing by 5.0% compared to August 10, as announced by the Chinese Association of ferrous metallurgy (CISA). A medium -sized reinforcements... 25.08.2025  12:00

• The EU confirms that CBAM will be operational in January 2026, despite market rumors The European Federation of Steel, Pipes and Metals Distribution and Trade (EUROMETAL) has confirmed that the Carbon Boundary Adjustment Mechanism (CBAM) will enter into force on January 1, 2026, in accordance with the original legislation.This announcement follows EUROMETAL's request for urgent... 25.08.2025  12:00

• Indian steel transitions from the furnace oil to the Spherega The Tata Steel limited limited Indian plant, located in Gopalpur in the eastern state of Odisha, successfully moved from the use of oil for the furnace to thinner gas (LNG) for its energy needs, the company's statement said on Monday. Said. The transition follows the agreement between the Tata... 25.08.2025  11:00

• BMW Indian industry to invest 92 million USD. Indian steel manufacturer BMW Industries Limited is investing approximately 92 million. USD. USA in the amount of 0.5 million. Tons per year of capacity in the eastern state of Jharkhand, the company said in a statement on Monday, August 25.. According to him.. The industry currently produces... 25.08.2025  11:00

• China claims to be 75% of new orders for shipbuilding around the world in July 2025. In July of this year, China attracted 75.0 percent of new orders for shipbuilding (1.52 million CGT) around the world, taking first place in the world market, while South Korea announced a share of 16.0 percent (330,000 CGT), ranking, according to data published by Clarksons, the leading supplier... 25.08.2025  10:00

• Shugang posts a net profit of $657 million. Yuan for H1 2025 Chinese steelmaker Shougang Co., based in Beijing. In this period, Electrical Steel's output grew by 30 percent per year, while its output of steel plate used for vehicles increased by 6.0 percent per year, signaling that its product mix has been further optimized, contributing to net profit... 25.08.2025  10:00

• US Hot Rolled Bar Export decreases by 1.6 percent in June 2025 According to the exports of the US Department of Trade, the export of Hot Rolled Bar in the United States amounted to 24,102 million tons in June of this year, by 1.6 percent of May and decreased by 21.6 percent in June last year. At the cost, Hot Rolled Bar Exports amounted to 43.2 million... 25.08.2025  05:00

• In June 2025, US rebar imports increased by 71.1 percent According to preliminary census data from the U.S. Department of Commerce, U.S. rebar imports totaled 126,220 tons in June this year, up 71.1% month-on-month and 40.9 percent per year. In terms of value, the import of fittings amounted to 67.2 million tons. USD. In June of this year, compared with... 25.08.2025  05:00