Metallurgy news

• The Japanese company Tetsusho is expanding its presence in Asia, opening new subsidiaries in India, Vietnam and Bangladesh. Japanese steel trading and distribution company Tetsusho Corporation, a subsidiary of Nippon Steel Corporation, has announced the opening of three subsidiaries in India, Vietnam and Bangladesh, marking a significant expansion of its presence in the fast-growing steel and manufacturing markets in... 15.10.2025  17:00

• Draft resolution of the Russian Ministry of Finance aimed at supporting ferrous metallurgy enterprises in difficult financial conditions The situation caused disappointment among industry representatives, considering the proposed measures insufficient. According to Vedomosti newspaper sources, market participants expressed the opinion that the proposed solutions would have only a minor impact on the situation of the metallurgical... 15.10.2025  17:00

• IMF raises global economic growth forecast to 3.2% for 2025, warns of protectionist risks According to an October 2025 report from the International Monetary Fund (IMF), the global economy is adjusting to a period marked by slowing growth, persistent inflation differentials, and increasing protectionist measures.The IMF raised its global growth forecast to 3.2 percent in 2025 and 3.1... 15.10.2025  16:00

• Yamato Steel has commissioned Japan's first compact roller rectifier Yamato Steel Co. Ltd., one of the leading Japanese manufacturers of beams and profiles, has completed the commissioning of a compact roller straightener (CRS) supplied by the German manufacturer SMS Group. According to SMS Group, this is the first CRS machine ever operated in Japan.The CRS system... 15.10.2025  16:00

• The first stage of the Chernogorsky Mining and Processing Plant (GOK) is under construction in the Norilsk Industrial District of the Krasnoyarsk Territory. Based on the Chernogorskoye deposit, the largest deposit of platinum group metals, copper and nickel. The launch of the enterprise is scheduled for the second half of 2026.The main characteristics of the project:Design capacity: 7 million tons of copper-nickel ore per year.Production: the company... 15.10.2025  16:00

• Canada introduces Temporary AD/CVD duties on Cast iron pipes from China The Canadian Border Protection Agency (CBSA) has announced the preliminary determinations of its anti-dumping (AD) duties and countervailing duties (CVD) on cast iron ground pipes from China.The investigation was launched on July 11, 2025 at the request of Canada Pipe Company ULC. The final... 15.10.2025  15:00

• Coking coal imports to Turkey decreased by 15.3 percent in January-August 2025 In August of this year, the import of coking coal to Turkey amounted to 413,731 metric tons, which is 20.2 percent less than in July and 22.5 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, revenue from these imports amounted to... 15.10.2025  15:00

• GFSEC Ministers agree joint framework to reduce global excess capacity At the Global Forum on Iron and Steel Excess Capacity (GFSEC) ministerial meeting held recently in Gqeberha, South Africa, ministers and senior representatives from 29 participating countries discussed the worsening global iron and steel crisis and the distortions caused by excess capacity,... 15.10.2025  13:00

• The EU Council approves tax incentives for the promotion of clean technologies and industry The Council of the European Union has announced that it has officially adopted conclusions approving the use of tax incentives to promote a Clean Industrial Deal, the main framework aimed at harmonizing industrial decarbonization, the introduction of clean technologies and competitiveness in the... 15.10.2025  13:00

• China's steel industry PPI fell 8.6 percent in January-September 2025 China's producer price index (PPI) for its ferrous smelting and rolling sector fell 0.6 percent year on year in September this year, 4.6 percentage points slower than the rate of decline recorded in August, while increasing 0.2 percent month on month, according to data released by the National... 15.10.2025  12:00