Metallurgy news
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UBS analysts expect copper prices to riseUBS analysts expect copper prices to rise next year due to supply cuts amid ongoing disruptions to the mines.In addition, the increase will support high long-term demand associated with the transition to clean energy and increased investment in this area, the bank said in a statement.UBS raised its…
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Global iron ore exports rose marginally in January-September 2025, despite a 3% drop in Chinese steel production.Global iron ore exports by major supplying countries increased slightly in January-September 2025, despite a downward trend in global steel production. Global iron ore exports rose just 0.25 percent year-on-year to 1.2 million tonnes over the period, according to the latest data from BigMint.Global…
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Turkish company Erciyas Rail joins the Turkality® program to accelerate global expansionTurkish pipe manufacturer Erciyas Çelik Boru Sanayi A.Ş. Announced that its subsidiary Erciyas Rail has joined the Turkality® program, Turkey's flagship branding and export support initiative, following an audit and evaluations conducted by the Ministry of Commerce and its authorized auditing…
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German company GMH Gruppe launches new rolling mill to expand production of precision steelThe German manufacturer of special steel GMH Gruppe has announced the opening of its new rolling mill at the Georgsmarienhütte plant. The investment will strengthen the company's position as a leading European supplier of high-performance specialty steels.The new mill includes two high-performance…
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Confidence in Turkey's construction sector increased by 1.5 percent in November 2025 compared to OctoberAccording to the monthly survey of industry confidence published by the Turkish Statistical Institute (TUIK), the index of confidence in the Turkish construction sector increased in November this year by 1.5 percent to 84.9 points compared to the previous month.According to indexes based on…
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British Steel awarded £35m rail contract for Turkey's high speed networkBritish steel company British Steel has announced it will supply £35 million worth of railway products to Turkey's latest high-speed rail development. The company has become a key supplier to Turkey's national rail modernization programme, having already supplied £30 million of rail products to the…
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Toyota plans major investments to expand production of hybrids in the United StatesToyota Motor North America, a subsidiary of Japanese automaker Toyota Motor Corporation, announced a $912 million investment in five manufacturing plants in the United States to significantly expand its hybrid vehicle production capacity and meet growing demand in the American market.The investment…
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Global steel production fell 5.9% in OctoberWorld steel production in October 2025 decreased by 5.9% compared to October 2024 - to 143.340 million tons, with a decrease recorded in most countries of the top ten producers, according to data from the World Steel Association (Worldsteel).The top ten countries for steel production in October…
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BHP abandons Anglo-American takeover planAustralian miner BHP Group has released a statement saying it is abandoning a potential takeover of British mining giant Anglo American.Although talks were resumed this Sunday, they quickly collapsed, as seen in BHP's latest statement, according to Reuters. BHP noted that it is no longer…
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Global DRI production decreased by 1.4 percent in October 2025According to data released by the World Steel Association (Worldsteel), global direct reduction iron (DRI) production in 12 countries, accounting for approximately 85 percent of total global DRI production in 2024, totaled 11.34 million metric tons in October this year, an increase of 2.4 percent…
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