Metallurgy news

• The UK begins consultations on a scheme to reduce energy costs The UK government has opened public consultations on the new British Industrial Competitiveness Scheme (BICS), aimed at reducing energy costs for relevant producers, starting in 2027.According to BICS, qualified enterprises, especially in sectors such as the steel industry, will be exempt from... 27.11.2025  12:00

• Indian Hi-Tech limited begins production at steel pipe plant in Gujarat India's Hi-Tech Pipes limited has commenced commercial production at its abandoned steel pipe plant in the western state of Gujarat, the company said in a statement on Thursday, November 27.The new facility expands the company's capabilities in the production of large diameter ERW pipes, hollow ... 27.11.2025  11:00

• Indian Railways is set to introduce a new freight transportation policy for the steel sector. Indian national carrier Indian Railways (IR) is preparing to introduce a new freight transportation policy specifically designed for the steel sector, government sources said on Thursday, November 27. The upcoming structure will reflect the cost-effective freight structure currently offered to the... 27.11.2025  11:00

• Codelco has offered Chinese copper buyers a record high premium of 350 per tonne over LME prices for 2026 contracts. Meanwhile, a total of 89% surcharge was agreed for 2025In the opinion of our channel's analysts, the rise in copper prices highlights recent supply disruptions at large mines (which led to a persistent negative TC/RC spot in China in 2025, as well as steady demand trends worldwide. Taking into... 27.11.2025  11:00

• Yukun Steel Group launches modernized facilities On November 24, the Chinese steel company Yukun Steel Group, located in Yunnan province, fully launched its modernized facilities after implementing a capacity replacement and modernization project. The project was implemented over five years with a total investment of 23 billion yuan ($3.2... 27.11.2025  10:00

• The gross profit of Chinese metallurgical enterprises in January-October amounted to 105.32 billion yuan In January-October of this year, the ferrous metals smelting and rolling sector in China recorded a gross profit of 105.32 billion yuan ($14.8 billion), compared with a gross loss of 23.32 billion yuan recorded in the same period last year, as announced by the National Bureau of Statistics of China... 27.11.2025  10:00

• Copper prices will rise at least until 2030 — Cochilco The average price of copper this year will be $4.45 per pound, and in 2026 it will be $4.55 per pound, the Chilean State Copper Commission (Cochilco) predicts.Previously, it was expected to be $4.3 per pound both this year and next year, the commission said.It is also predicted that metal prices... 27.11.2025  10:00

• “The main risk is the growing import of finished metal structures” Head of the EVRAZ Project Sales Directorate Dmitry Pukhnarevich said in an interview that the steel beam market is going through a difficult period. After record demand in 2024, in the second half of 2025, consumption decreased by 25–30% due to a high key rate and massive freezing of projects. The p... 27.11.2025  08:00

• It's been 30 years since the mortgage auctions Currently, the market value of Norilsk nickel in dollars is about 25-27 billion USD. Kommersant wrote: "In 2000, the first deputy Prosecutor General, Yuri Biryukov, sent Potanin a letter in which he stated a significant underestimation of the value of Norilsk Nickel at a collateral auction — i... 27.11.2025  08:00

• The railway engineering industry does not need metal - a decrease in the production of rolling stock for all types has been observed over the past 10 months. Only tank cars, metrovagons and electric locomotives showed growth in October.44.8 thousand freight cars (-27.6% compared to January-October 2024), in particular: 18.4 thousand gondola cars (-22.9%), 3.1 thousand hoppers (5.4 times lower), 5.1 thousand platforms (-19.4%). In October, 3.25 thousand... 27.11.2025  08:00