Metallurgy news

• MMK invests more than 10 billion rubles in a green transformation The Russian manufacturer became the Magnitogorsk Metallurgical Plant (MMK) announced that in 2025 it would allocate more than 10.2 billion rubles ($ 126.84 million) for environmental initiatives, confirming its commitment to sustainable steel production. these investments are part of the... 27.08.2025  18:00

• Fortescue reports lower net profit and revenue in fiscal Year 2024-25 The Australian iron ore company Fortescue Metals Group has announced financial and operating results for the 2024-25 financial year ended June 30.In this fiscal year, the company's net profit was $3.37 billion, down 41.0% from the previous fiscal year, reflecting lower EBITDA, and sales revenue was... 27.08.2025  18:00

• For seven months, 23.8 million tons of cargo in export-import message were transported through the border crossings with the PRC. Since the beginning of the year, there has been an insignificant growth, within one percent. Now the indicators are at the level of last year. Trade with China stagnates, and this is reflected in cargo transportation. the main cargo at all border crossings is coal (45%). In total, over 10... 27.08.2025  18:00

• The US peak tariff on India will hit exporters from August 27 Indian exporters will collide with US tariffs up to 50 percent, since the administration of Trump of the highest fee enters into force from today, sources in the Indian government on Wednesday, August 27. These tariffs do not apply to Indian exports of steel, which is already falling under the 50... 27.08.2025  17:00

• Baosteel completes gearbox upgrade at SMS Group's hot strip mill Baoshan Iron & Yunnan Steel (Baosteel), one of China's leading steel producers, has successfully completed gearbox upgrades at its 2,050 mm hot rolling mill in Shanghai supplied by SMS Group. The maintenance project, completed during the annual overhaul in 2025, enhances the operational reliability... 27.08.2025  17:00

• We have published production and financial results for the first 6 months of 2025! From the main:Total gold production amounted to 1.3 million ounces;The total volume of ore production amounted to 38.9 million tons;The volume of ore processing reached 25.3 million tons;The annual production forecast is confirmed at 2.5 – 2.6 million ounces of gold.Revenue amounted to 3.7 b... 27.08.2025  17:00

• GMH Gruppe expands its activities with the acquisition of Buderus Edelstahl units The German manufacturer of special steel GMH Gruppe announced the purchase of two key business units of the domestic manufacturer of high-performance Buderus Edelstahl GmbH high-performance metals in Weclar. The acquisition covers a hot rolling machine for large rolling steel, as well as equipment... 27.08.2025  16:00

• The production of base metals in Taiwan decreased by 3.02 percent in July 2025 compared to June According to Taiwan's Ministry of Economy (MOEA), Taiwan's industrial production index rose 2.12 percent in July this year from the previous month and 18.11 percent year-on-year. Meanwhile, Taiwan's seasonally adjusted industrial production index fell 1.40 percent month-on-month and rose 18.44... 27.08.2025  16:00

• Polish Boryszew Group promotes the sale of Rurexpol The Boryszew Group, based in Poland, announced the signing of a letter about the intent to sell the manufacturer of the Rurexpol pipes, the company of the group that was liquidated in the beginning of this year and stopped its activities. The transaction is estimated at 71.5 million zlotys ($ 19.5... 27.08.2025  15:00

• Australian Fenix Resources reports a sharp increase in production and sales in the 2024-25 financial year The Australian company Fenix Resources Limited has published its operating results for the full fiscal year 2024-25, which ended on June 30 this year.In the specified fiscal year, the company produced 2.60 million tons of iron ore, which is 71.7 percent more than in the previous fiscal year, due to... 27.08.2025  15:00