Metallurgy news
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This week, the Shanghai Commodity Exchange set an absolute record - the number of gold warrants reached 86.5 thousand kg. - growth almost 28 times per year!That is, the number of digital certificates for physical gold that actually lies in storage. This is not a game on futures, not a paper market, but the most real metal.The Chinese are massively fleeing the dollar and bonds to something that shines and is not subject to sanctions. The People's Bank…
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Usiminas reported a net loss in the third quarter of 2025Brazilian steel and iron ore producer Usiminas reported a net loss of 3.503 billion reais ($651.1 million) for 3Q 2025, compared with a net profit of 185 million reais in 3Q 2024. The company said that, according to accounting rules, its valuation recoverability of assets resulted in an impairment…
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24 thousand US manufacturing - active manufacturing plants specializing in precision CNC metal machining, turning and sheet metal fabrication: usamachineshops.comFollow the link - an interactive map of existing manufacturing enterprises in the United States, which shows production centers on the continental part of the country, as well as enterprises in Alaska and Hawaii. US manufacturing is concentrated in several well-developed corridors, particularly in…
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Nippon Steel and Mazda deepen partnership under 'new manufacturing' modelJapanese steel manufacturer Nippon Steel Corporation announced that it has teamed up with Japanese automaker Mazda Motor Corporation to apply their creative collaborations, redefining the traditional relationship between finished vehicle manufacturers and materials suppliers, to develop an all-new…
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EU accepts 19th round of sanctions targeting Russian energy, financial and trade sectorsThe Council of the European Union announced the 19th round of sanctions against Russia, expanding economic restrictions to energy, finance, trade and services.The new measures also include parallel restrictions on Belarus to prevent sanctions from being circumvented.Energy: LNG ban and suppression…
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JSW Steel to build scrap metal recycling plant in ChennaiIndia's leading steel producer JSW Steel Limited has announced plans to establish a scrap recycling plant in Chennai, located in the southern state of Tamil Nadu, as part of its strategy to increase the use of recycled materials in steel production and reduce carbon dioxide emissions.According to…
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Fortescue iron ore production and supply increased in the first quarter of the 2025-2026 financial yearAustralian iron ore miner Fortescue Metals Group announced operating results for the first quarter ended September 30 of the 2025-26 financial year.The company's iron ore shipments fell 10.0 percent quarter-on-quarter in the quarter and rose four percent on an annualized basis to 49.7 million tons…
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Russian MMK reported a decrease in steel production and sales in the third quarter of 2025MMK Group, a Russian steelmaker, has published its operating results for the third quarter and nine months of the current year.In this quarter, the company's steel output amounted to 2.42 million tons, a decrease of 7.5 percent quarter-on-quarter due to a slowdown in business activity in the…
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Where does China spend the metal?In the trash In China, there are fields strewn with hundreds of thousands of abandoned bicycles. These are the consequences of the explosion of the bicycle sharing industry in the mid-2010s, when Ofo, Mobike, Bluegogo and others flooded cities with millions of bicycles.When some of the services…
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Steel production in Germany in January-September 2025 decreased by 10.7 percentAccording to information provided by the German Steel Federation Wirtschaftsvereinigung Stahl (WV Stahl), steel production in Germany fell 0.6 percent year-on-year to 2.97 million tons in September this year. Over the nine months of this year, steel production in Germany decreased by 10.7 percent…
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