Metallurgy news
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ADMIB: High demand from the EU supported Turkish steel exporters in NovemberAccording to the Turkish Mediterranean Association of Ferrous and Non-Ferrous Metal Exporters (ADMIB), in November this year, Turkey's exports of ferrous and non-ferrous metals increased by 0.9 percent year-on-year to $1 billion, while exports of the steel industry increased by 5.9 percent…
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Indian company SSWL invests $47 million to expand steel wheel plant in GujaratIndian steel and alloy wheel maker Steel Strips Wheels limited (SSWL) will invest approximately $47 million to expand and modernize its manufacturing facility in the western state of Gujarat, the company said in a statement on Wednesday, December 31.The proposed expansion will focus on increasing…
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Exports of tool steel from the United States in August 2025 increased by 8.5% compared to JulyAccording to export data from the U.S. Department of Commerce, exports of tool steel from the United States totaled 6,332 tons in August last year, up 8.5 percent from July and down 20.9 percent year-on-year. In value terms, tool steel exports totaled $15.36 million in August, compared with $13.33…
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China's Ministry of Finance reduces the VAT rate for real estate transactions in an attempt to support real estate in 2026The Ministry of Finance and the State Administration of Taxation of China announced that, starting in 2026, for individuals selling residential property acquired in less than 2 years, the VAT rate will be reduced from the previous 5 percent to 3 percent. Properties held for two years or more will…
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TUIK: The cost of steel imports to Turkey decreased by 5.1 percent in January-October 2025According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in November this year, the value of iron and steel imports to Turkey fell by 7.8 percent year-on-year, amounting to $1.95 billion. In this month, iron and steel ranked sixth among the country's…
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US trade bar exports fell 16.3 percent in August 2025 compared to JulyU.S. exports of light bullion (trade bars) totaled 4,279 tons last August, down 16.3 percent from July and down 10.5 percent year over year, according to U.S. Commerce Department export data. In value terms, merchant bar exports totaled $5.14 million in August, up from $5.99 million the previous…
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India: Odisha puts 35 mineral blocks up for auction next yearIn response to the Centers' expectations to ensure a more uninterrupted and predictable supply of minerals for rapid industrial growth, Odisha, India's most mineral-rich state, is ready with a tentative list of 35 mineral blocks to be auctioned next year.The state Department of Steel and Mining…
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India introduces phased three-year protective duty on steel imports from China, Vietnam, NepalAccording to a government notice published on Wednesday, December 31, the Indian government has introduced phased three-year protective duties on steel imports from China, Vietnam and Nepal to protect domestic industry.The collection was based on recommendations from the Directorate General for…
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GTRI: The EU CBAM, effective January 1, is likely to force Indian steel exporters to cut prices by 15-22%The European Union (EU) carbon tax on steel will take effect on Thursday, January 1, 2026 and is expected to damage Indian exports, with exporters being forced to cut prices by 15-22 percent, according to a report by the Global Trade Research Initiative (GTRI) think tank on Wednesday, December…
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Samarco lifts expansion freezeBrazilian iron ore and pellet producer Samarco announced that a federal court in the state of Minas Gerais has lifted an injunction before halting its mining expansion. The company indicated that the environmental license authorizing the expansion of the Germano complex, located between Mariana and…
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