Metallurgy news
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EC approves Metinvest's takeover of ArcelorMittal Tubular Products lasiThe European Commission has announced that it has approved the takeover by the Ukrainian metallurgical and mining group Metinvest of the Romanian company ArcelorMittal Tubular Products Iasi S.A. (AMTP Iasi). The Ukrainian metallurgical Group submitted an application for acquisition in October of…
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Germany has raised 2.2 billion euros for the construction of Europe's largest lithium depositMining company Vulcan Energy Resources has secured 2.2 billion euros in financing for the construction of the first phase of the Lionheart lithium project in Germany.According to a report by the company, whose shares are traded in Australia, the financing will be provided by European and German…
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NBS: China rebar prices rose 0.9 percent at end-November 2025At the end of November (November 21-30) this year, the average price in China of HRB 400E 20mm rebar increased by 29.4/mt ($4.2/mt) or 0.9 percent to 3168.4 yuan/t ($447.5/mt) compared with the price in mid-November (November 11-20), as announced by the National Bureau of Statistics China.During…
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CPCA: Retail sales of passenger cars in China decreased by 7.0% in November 2025According to an analysis of the automotive market conducted by the Chinese Passenger Car Association (CPCA), retail sales of passenger cars in China totaled 2.263 million units in November this year, down 7.0 percent from the previous year and up 1.0 percent month-on-month.This year, through…
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Historic trade agreement between the United States and South Korea has been completedOn Monday, December 1, 2025, Howard Lutnick, the U.S. Secretary of Commerce, announced that the U.S.-South Korea trade agreement has been finalized. He confirmed that the total tariff rate on imports from South Korea will be reduced to 15 percent retroactively until November 1, 2025, as South Korea…
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Global central banks bought a net 52 tonnes of gold in October, up from a revised 42 tonnes net in September, marking the 29thConsistent month of reserve accumulation, reports World Gold CouncilIn particular, gold purchases in October were mainly recorded in Brazil, Poland (16 tons each) and Uzbekistan (9 tons), while the only significant seller was Russia (-3 tons). We remind readers that official purchases by central…
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How are technologies changing the mining and metallurgical industry?On February 18-19, 2026, an open symposium "Digital Mining and Metallurgical Enterprise: Science and Technology" will be held in Verkhnyaya Pyshma and online.With the support of the UMMC Technical University, a new platform is being created for open dialogue, exchange of experience and…
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2029: the end of the era of cheap business in RussiaThe other day, a statement by the Deputy Chairman of the State Duma Committee on Economic Policy, Artyom Kiryanov, spread:"I believe that what is called an individual entrepreneur today is a morally outdated form of taxation and business conduct. Perhaps, after summarizing the results of the…
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Scrap metal exports from the United States grew by 10.5 percent in August 2025.According to the latest data from the U.S. International Trade Commission, U.S. scrap metal exports totaled 1,113,217 tons in August this year, up 10.5 percent month-on-month and down 34.2 percent year-on-year.Turkey was the largest recipient of U.S. iron and scrap exports in August with 323,159…
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Steel Dynamics acquires remaining 55 percent of New Process Steel sharesIn a press release dated December 1, 2025, Steel Dynamics announced the completion of the acquisition of the remaining 55 percent stake in New Process Steel, a supply chain management and solutions company for metallurgy headquartered in Houston, Texas."The acquisition of New Process expands our…
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