Metallurgy news

• EUROMETAL calls for steel protection measures to be extended to processed products In a letter to Stéphane Séjournet, Executive Vice-President of the European Commission, and Maroš Šefčović, European Commissioner for Trade and Economic Security, the European Federation for the Distribution and Trade of Steel, Tubes and Metals (EUROMETAL) expresses serious concerns about the exclu... 22.10.2025  13:00

• Imports of steel scrap to China increased by 6.54 percent in January-September 2025 In September of this year, China's scrap metal imports totaled 27,500 tons, an increase of 47.08 percent month-on-month, while China's customs authorities announced an increase of 108 percent year-on-year.In January-September of this year, China's scrap metal imports totaled 201,800 tons, an... 22.10.2025  13:00

• In the II quarter industrial profitability continued to fall. Its level is almost equal to the record low values ​​of the COVID period The gap with the loan rate has reached an absolute record. This situation obviously disincentivizes investmentactivity, which reduces forward-looking potential output, limits the expansion ofsupply in the medium term and, thus, other things being equal, contributes to higher levels of inflation in... 22.10.2025  13:00

• The Duma approved in the first reading the exemption from VAT of interest payments on deposits in precious metals According to the document, transactions involving the payment of interest by banks in precious metals in bullion under a bank account (deposit) agreement in precious metals are not subject to VAT.The draft law initiated by the Government of the Russian Federation amends the Tax Code of the Russian... 22.10.2025  13:00

• FAI on Chinese railways in January-September 2025 amounted to 593.7 billion yuan, an increase of 5.6% China Railway Corporation (CRC) announced that the total fixed capital investment (FAI) of China's railways in January-September this year amounted to 593.7 billion yuan ($83.6 billion), up 5.8% year-on-year.In the first nine months, 968 were put into operation kilometers of new railway... 22.10.2025  12:00

• Volkswagen will use GMH Gruppe green steel for round production German automaker Volkswagen AG will purchase Green Power Premium Steel from Georgsmarienhütte GmbH, a subsidiary of German specialty steel manufacturer GMH Gruppe, according to a statement released by the latter. Low-carbon steel will be used in Volkswagen's own production of transmission ... 22.10.2025  12:00

• Indian NMDC limited reduces prices for fines and lump iron ore India's state-owned NMDC limited has cut prices for all grades of lump iron ore and fines for all shipments with immediate effect, company sources said on Wednesday, October 22.The price of lump iron ore (10-40 mm, 67 percent Fe content) has been reduced by INR 650 per ton ($7 per ton) to INR 6,200... 22.10.2025  11:00

• India's main industries recorded 3% growth in September, which is the lowest in 3 months. India's growth in eight industries designated as the "core sector" recorded three percent growth in September 2025, a three-month low, according to data released by the government on Wednesday, October 22.The growth of the core sector in August 2025 was 6.4 percent and 2.4 percent in September... 22.10.2025  11:00

• Wildberries & Russ acquired a large tour operator Fun&Sun from Alexey Mordashov Fun&Sun (formerly TUI Russia, legal entity - TT-Travel LLC)The company cooperates with more than 12 thousand travel agents and is among the top 3 tour operators in Russia.Financial indicators of TT-Travel LLC for 2024:Revenue - 104 billion (46% y/y)Sales profit - 12.7 billion (145% y/y)Net profit -... 22.10.2025  11:00

• Coke exports from China in January-September 2025 decreased by 18.5 percent Between January and September this year, China's metallurgical coke exports totaled 5.49 million tons, down 18.5 percent year-on-year, Chinese customs officials announced.In September alone, China's metallurgical coke exports totaled 540,000 tons, down 1.1 percent year-on-year. calculus and... 22.10.2025  10:00