Metallurgy news
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Imports of steel bars to Georgia from Turkey increased dramatically in 2025In 2025, Georgia's total foreign trade turnover with Turkey, which is the country's leading trading partner, amounted to $3.1 billion, including imports worth $2.77 billion, remaining stable, and exports worth $332.91 million, down 27.4% year-on-year, according to preliminary data. provided by the…
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UK industry warns of planned CBAM risks accelerating deindustrializationBritish industry groups have warned in interviews with the Financial Times that the government's planned carbon border tax, due to come into force in January 2027, is fundamentally flawed and risks accelerating deindustrialization rather than supporting decarbonisation.The steel, cement and…
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Austria's Andritz strengthens steel refining portfolio with acquisition of SanzhengAustrian installation and equipment supplier Andritz has announced the acquisition of a 51 percent stake in Baoding Sanzheng Electrical Equipment, a Chinese specialist in industrial induction heating systems.According to the company, the deal is aimed at further expanding Andritz's steel refining…
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Ferrexpo temporarily suspends operations in Ukraine after renewed power outagesSwiss mining company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced a temporary suspension of operations following further attacks on power generation and transmission infrastructure in Ukraine, which again impacted the energy supply of the company's operations.This…
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Germany's Rheinmetall commits to using SSAB steel with low emissions in defense productionSwedish steel company SSAB has announced the signing of a letter of intent with German defense technology group Rheinmetall for the supply of low-emission steel.According to SSAB, the agreement represents the first time that a defense equipment manufacturer has officially committed to using…
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Indian JSL's consolidated net profit rose 27% in Q3 FY2025-26India's Jindal Stainless limited (JSL) achieved a consolidated net profit of INR 8,280 million ($90.48 million) in the third quarter (October-December) of fiscal year 2025-26, an increase of 26.6 percent over the corresponding quarter of the previous financial year, according to the company's…
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Fortescue begins construction of Nullagine Wind Energy Project in Pilbara to Support DecarbonizationThe Australian iron ore mining company Fortescue Metals Group has announced the start of construction of the Nullagine wind energy project in the Pilbara region of Western Australia, which is a key milestone in its plan to achieve the goal of net zero emissions.With an installed capacity of 133MW…
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Exports of semi-finished products from China in December decreased by 2.4% compared to November, increasing by 134.21% in 2025According to China's customs authorities, in December last year, exports of semi-finished products from China amounted to 1.4412 million tons, down 2.4% from the previous month, and increased by 86.43% year on year.In 2025, exports of semi-finished products from China amounted to 14.8213 million…
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The Indian Chamber of Commerce and Industry has approved Tata Steel Limited's plan to acquire a controlling stake in the pellet manufacturer TPPLThe Antimonopoly Commission of India (CCI) has approved the proposal of the Indian steel company Tata Steel Limited to acquire a 50.01% stake in Thriveni Pellets Private Limited (TPPL), which operates a plant in the eastern Indian state of Odisha, CCI said in a statement on Thursday, January…
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China's iron ore production to fall 2.8 percent in 2025According to China's National Bureau of Statistics (NBS), China's iron ore production was 983.715 million tons in 2025, down 2.8 percent year on year.In December last year, China's iron ore production was 79.345 million tons, down 4.4 percent year on year and 4.4 percent year on year. On a monthly…
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