Metallurgy news
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The German Steel Federation warns that the industrial electricity price plan does not include steel mills under CISAFAlthough Germany's new price offer for industrial electricity is aimed at strengthening the competitiveness of energy-intensive sectors, the German Steel Federation (WV Stahl) warned that this measure actually bypasses the steel industry. According to current EU state aid regulations under the…
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Zaporizhia Foundry and Mechanical Plant increased revenue to 4.4 billion UAHZaporizhia Foundry and Mechanical Plant LLC (ZLMZ) reduced its net profit by 31.7% in January-September of this year compared to the same period last year, to UAH 23,436.According to the company's interim report, ZMLZ increased its profit by 67.9% over this period to UAH 4 billion 397,804…
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Gozzi from Federacciai criticizes the restriction on Germany's industrial capacity at 50 euros/MWh as "seriously distorting"As SteelOrbis previously reported, the Federacciai Association of Italian steel producers recently expressed its full support for the Italian government's position on the European Green Agreement, emphasizing the need for realistic goals and industrial policies aligned with the economic…
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In January-October 2025, car production in Turkey increased by 3.6 percentIn October of this year, car production in Turkey totaled 131,878 units, up 8.1 percent year-on-year and 6.9 percent month-on-month, according to monthly statistics released by the Turkish Automobile Manufacturers Association (OSD). In January-October, car production in Turkey amounted to 1,163,425…
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Rio Tinto is investing AUD$35 million in the Calix Zesty™ plant to develop low-carbon steel production.The Australian mining company Rio Tinto has announced the signing of a joint development agreement with the Australian environmental technology company Calix to support the construction of the Calix Green Iron Technology Demonstration Plant (Zesty™) in Western Australia, which could enable the use…
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Acciaierie d'Italia becomes a strategic partner in the EU H2Loop steel decarbonization projectThe extraordinary members of the commission of the Italian steel manufacturer Acciaierie d'Italia (formerly Ilva) from Taranto announced that as of September 26, 10 applications had been received for the acquisition of former Ilva enterprises.Acciaierie d'Italia concluded a meeting in Taranto…
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Tata Steel Nederland acquires Vattenfall power plants to support the transition to environmentally friendly steelTata Steel Nederland has taken an important step towards its long-term decarbonization strategy by signing a definitive agreement to acquire three Vattenfall power plants in the Eymond region of the Netherlands. The assets currently operating on residual steelmaking gases will be transferred to…
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Tenaris acquires Beaver Falls Scrap Metal Warehouse to boost U.</p><p>S. Steel ProductionLuxembourg-based steel pipe manufacturer Tenaris has announced that it has expanded its production in the United States by acquiring the Beaver Falls scrap yard in Pennsylvania.Through its subsidiary Steel Recycling Services, Tenaris acquired a 39-acre scrap yard from SA Recycling. The facility is…
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The French company Vallourec reported a decrease in sales revenue in January-September due to a weaker pipe segment.French pipe manufacturer Vallourec has announced its financial results for the third quarter and the first nine months of this year.In the third quarter of this year, Vallourec's sales revenue increased by 1.9 percent year-on-year to €911 million, while EBITDA was €210 million compared to €168…
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Domestic steel consumption in Japan decreased by 1.5 percent in January-September 2025In September of this year, domestic consumption of steel products in Japan totaled 3.60 million metric tons, up 6.9 percent from the previous month and 3.6 percent year-on-year, according to data released by the Japan Ferrous Metallurgy Association (JISF). Meanwhile, in the first nine months of…
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