Metallurgy news
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Liberia approves extension of mining operations for ArcelorMittal until 2050The Government of Liberia has ratified the amended Mineral Development Agreement (MDA) signed with Luxembourg-based steel producer ArcelorMittal, extending the agreement until 2050 with the possibility of a further 25-year extension, the manufacturer announced.The agreement coincides with the…
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Global Toyota car production increased by 4.5% in 2025Japanese automaker Toyota Motor Corporation announced that its global car production decreased 0.5 percent year-on-year to 767,085 units in December this year. In particular, the company's domestic output fell by 2.4 percent to 249,223 units, while its foreign output increased by 0.5 percent to…
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Saudi Steel Pipe Announces $80 million Offshore Pipeline ContractSaudi Steel Pipe, a pipe manufacturer, announced that its subsidiary Global Pipe has signed an $80 million contract to supply linear pipes for the offshore development project of the British engineering company Subsea 7.In a notice to the Saudi stock exchange Tadawul, the steel pipe manufacturer…
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Japan's Daido Steel awarded engineering role for Nippon Steel Setouchi EAF projectJapanese steelmaker Nippon Steel has selected Nagoya-based specialty steel fabrication company and plant engineering company Daido Steel to perform engineering work for its new electric arc furnace (EAF) project at its Setouchi plant in western Japan, the companies announced. The furnace itself…
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Voestalpine sells Boehler Profil business, maintains EBITDA forecast for fiscal year 2025-26The Austrian steel company Voestalpine has announced the signing of an agreement to sell its high-performance metals division Voestalpine Böhler Profil to the American company Kadant Inc.The transaction is still subject to regulatory approval and is expected to be completed by the end of fiscal…
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China's transport FAI is expected to reach RMB 3.6 trillion in 2025.Total fixed asset investment (FAI) in China's transportation sector is expected to be 3.6 trillion yuan ($0.52 trillion) in 2025, China's Ministry of Transport (MOT) announced.During this period, the FAI for construction of railways, roads and waterways in China is expected to be 901.5 billion yuan…
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The investment of 2.4 trillion yuan will be completed in Shanxi Province in 2026.In 2026, a total investment of 2.4 trillion yuan (0.34 trillion US dollars) will be completed in the Chinese province of Shanxi in 629 key projects, including 309 energy projects. In particular, the annual investment will amount to 109.04 billion yuan (15.6 billion US dollars).The projects will…
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Brazil introduces anti-dumping measures against imports of polymer-coated steel products from China and IndiaThe GECEX Department of Foreign Trade has approved a final anti-dumping tax on imports of pre-painted steel products from China and India with a validity period of up to five years.The anti-dumping regulations are expected to be announced in the coming days. According to the technical report, the…
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Samarco unveils operating forecasts for 2025Brazilian iron ore and pellet producer Samarco achieved its highest annual production and sales volume in 2025 since restarting operations.Cumulative pellet and fines production reached 15.1 million tonnes in 2025, up 55 percent from 2024, while equivalent sales increased 68 percent to 15.9 million…
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Steel Dynamics reports a decrease in net profit for the 4th quarter and the end of 2025Steel Dynamics has announced financial results for the fourth quarter of 2025 and for 2025. The company reported net sales of $4.4 billion in the 4th quarter of 2025 and net income of $266 million. For comparison, the company's net profit for the third quarter of 2025 was $ 404 million, and for the…
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