Metallurgy news
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Vale's net profit increased in the third quarter of 2025Brazilian miner Vale reported net income of $2.695 billion for the third quarter of 2025, up 13 percent from the third quarter of 2024. Net sales increased 9 percent to $10.420 billion, production costs increased 6.0 percent to $6.632 billion, gross profit increased by 16 percent to $3.788 billion…
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TUIK: The cost of steel imports to Turkey decreased by 3.7 percent in January-September 2025According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Customs Sub-Secretariat, in September this year, the value of iron and steel imports to Turkey increased by 3.8 percent year-on-year, amounting to $1.80 billion. In this month…
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Türkiye is nearing exhaustion of long EU steel import quotas for the fourth quarterAs the first month of the EU quota period from October 1 to December 31 approaches, some import quotas on certain steel products allocated to some countries such as Egypt and Turkey have already been exhausted, and some import quotas are close to being exhausted, according to the latest data from…
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European automakers warn of production shutdown as microchip shortage intensifiesThe European Automobile Manufacturers Association (ACEA) has issued an urgent warning that car production across Europe may soon come to a halt due to a critical shortage of microchips used in automotive electrical systems.The violation is related to a political dispute blocking the export of…
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The Swedish Energy Agency has awarded SSAB SEK 314 million for a fossil-free steel project in LuleåSwedish steel company SSAB announced that it has received SEK 314 million ($33.24 million) in funding from Sweden's Industrial Leap program, managed by the Swedish Energy Agency, to promote electrification and energy efficiency at its new fossil-free steel plant in Luleå.The funding supports SSAB's…
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Japan's steel exports decreased by 4.3 percent in January-September 2025In September of this year, Japan's exports of ferrous metallurgy products totaled 2.50 million metric tons, up 1.5 percent month-on-month and down 4.8 percent year-on-year, according to customs statistics released by the Japan Federation of Ferrous Metallurgy (JISF).In January-September of this…
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Turkish Koç Metalurji reveals new investments in Osmania plant, net loss in January-September 2025The domestic Koç Metalurji Metallurgical Plant, based in Hatay, announced investments in equipment at its production facility located in the Osmaniye Organized Industrial Zone.Accordingly, the company entered into a purchase and sale agreement with Chinese equipment supplier Harbin GuangWang…
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Borusan Berg Pipe receives $686 million in linear pipe contracts from the United StatesTurkish steel pipe manufacturer Borusan Birleşik Boru Fabrikaları Ticaret A.Ş. (Borusan Boru) announced that its American subsidiary Borusan Berg Pipe has received new orders for linear pipes totaling $686 million after extensive commercial negotiations in the United States.Deliveries are planned…
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VALE reports highest quarterly iron ore production since 2018; copper and nickel cost forecast revised downSales of iron ore, copper and nickel increased by 5% (4 million tons), 20% (15 thousand tons) and 6% (2 thousand tons) year-on-year.The average selling price of iron ore fines was 94.4 USD/ton, which is 11% higher than in the previous quarter and 4% higher than in the previous year, exceeding the…
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ArcelorMittal completes sale of Bosnian steel and mining industry to Pavgord GroupArcelorMittal announced that it has completed the sale of its steel and mining operations in Bosnia and Herzegovina to H&P d.o.o. Zvornik, part of the Bosnian Pavgord group.The transaction covers two key assets: ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron…
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