Metallurgy news

• Saudi Arabian Al Yamamah Steel will supply steel towers for the construction of a 380 kV transmission line Saudi steel company Al Yamamah Steel Industries Company announced the signing of a contract worth 106.44 million riyals ($28.38 million) with infrastructure development services provider Larsen & Toubro Saudi Arabia LLC for the supply of steel towers for construction 380 kV transmission lines in... 17.10.2025  14:00

• Slovakia launches €150 million financing round for industrial decarbonization projects Slovakia's Deputy Prime Minister and Environment Minister Tomasz Taraba announced the launch of a second round of financing in the amount of €150 million for industrial decarbonization, fully funded through the EU Modernization Fund. The initiative aims to help industrial producers invest in a... 17.10.2025  14:00

• China has complicated the process of issuing licenses for the export of rare earth metals According to Reuters sources, Chinese rare earth companies have faced increased scrutiny since September, long before Beijing officially announced new measures to control key mineral resources.There are concerns that the world's largest supplier is trying to limit supplies of these important... 17.10.2025  14:00

• Egypt and EU strengthen cooperation on CBAM and green transition According to an official statement released by the Egyptian government, Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, met with Jessica Rosewall, EU Commissioner for the Environment, Water Resilience and Competitive Circular Economy, on the... 17.10.2025  13:00

• TMK plans to sell Chelyabinsk Metalwork Plant Russian steel pipe manufacturer TMK plans to sell its entire 96 percent stake in the Chelyabinsk Metal Structures Plant (CHZMK) to a local company, Taimyr Engineering LLC, for 5.2 billion rubles ($64.35 million), local media reported. Accordingly, the process is aimed at improving the efficiency of... 17.10.2025  13:00

• CISA: China's steel demand will fluctuate in a downward trend in 2026-30. The China Iron and Steel Industry Association (CISA) held a symposium on improving the quality of the steel industry in Beijing on October 15. The symposium participants discussed in detail the main contents of the "Research Report on the 15th Five-Year Plan for the Development of the Steel... 17.10.2025  12:00

• Exports of welded pipes from Turkey decreased by 1.4 percent in January-August 2025 In August of this year, exports of welded pipes from Turkey totaled 186,161 metric tons, up 24.8 percent from July and 14.4 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these exports amounted to $152.32 million, an... 17.10.2025  12:00

• China Coal Energy's coal sales fell 7.4 percent in January-September 2025 Major Chinese coal mining company China Coal Energy Co., Ltd announced that it produced 11.59 million tons of coal in September this year, down 2.6 percent year-on-year, and sold 19.66 million tons of coal in the month, down 20.1 percent year-on-year.B In particular, in September, sales of... 17.10.2025  10:00

• MOC: The average price of rebar in China decreased by 0.5 percent from October 6 to October 12, 2025 The Chinese Ministry of Commerce (MOC) announced that the average price of finished steel in China decreased slightly from October 6 to October 12 this year.During this period, the average prices for steel channel, rebar and ordinary steel middle plate decreased by 0.8 percent, 0.5 percent and 0.3... 17.10.2025  10:00

• Insteel reports earnings of $14.6 million for fiscal fourth quarter compared to fourth quarter of 2024 Insteel Industries, Inc. announced financial results for the fourth quarter of fiscal 2025, ended September 27, 2025.Net income for the third quarter of fiscal 2025 increased to $14.6 million from $4.7 million in the same period a year ago. In its statement, Insteel said fourth-quarter fiscal 2025... 17.10.2025  02:00