Metallurgy news
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Hyundai India to invest $5 billion by 2030 to boost local and export passenger vehicle salesTo strengthen its position in the global automobile market, Hyundai Motors India limited (HMIL) has announced an ambitious $5.12 billion investment plan through 2030. The strategy aims to strengthen both domestic operations and export performance, a major milestone for India's second-largest…
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Pig iron imports to Turkey increased by 64.8 percent in January-August 2025In August of this year, Turkey's pig iron imports totaled 84,855 metric tons, down 68 percent from July and up 156.9 percent year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports amounted to $30.31 million, down 68.9…
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India's JSL will invest $150 million to build new wet grinding units at its steel plant to boost circular productionIndia's Jindal Sustainable limited (JSL) will invest about $150 million to build a new wet grinding plant at its steel plant in the eastern state of Odisha to boost circular production by doubling slag processing capacity, the company said in a statement on Thursday 16 October.The wet grinding…
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The Indian company RINL is looking for a global supplier of 90,000 tons of BF grade cokeIndian state-owned steel producer Rashtriya Ispat Nigam Limited (RINL) is looking for a global supplier for 90,000 tons of blast furnace coke, company sources said on Thursday, October 16.The sources said that the last date for submitting bids for the tender is November 4, 2025, and the winner of…
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Passenger car sales in China rose 13.7 percent in January-SeptemberAccording to the China Association of Automobile Manufacturers (CAAM), in the first nine months of this year, China's passenger car production and sales totaled 21.241 million units and 21.246 million units, an increase of 13.9 percent and 13.7 percent year on year, respectively.In September alone…
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CAAM: Sales of cars powered by new energy sources in China increased by 34.9 percent in January-September 2025According to the Chinese Association of Automobile Manufacturers (CAAM), in the first nine months of this year, the production and sales of new energy vehicles (NEV) in China amounted to 11.243 million units and 11.228 million units, which is 35.2 percent and 34.9 percent more than last year…
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Exports of niobium ferroalloys from Brazil increased in SeptemberBrazil exported 8,421 tons of niobium ferroalloys in September, up from 7,693 tons in August, according to SECEX. The decline primarily reflects lower shipments to Asia. August exports were destined for Asia (5,971 tonnes at US$27,027/tonne), Europe (1,832 tonnes at US$28,519/tonne), USA (441…
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Analysts expect a decrease in Usiminas' net profit in the third quarter of 2025Genial Investments analysts predict that Usiminas, a Brazilian steel producer, will report net sales of 6.466 billion Brazilian reais (1.19 billion U.S. dollars) for the third quarter of 2025, down 2.4 percent from the previous quarter. EBITDA is expected to increase by 0.6 percent to 411 million…
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Kametstal begins a major overhaul of the 400/200 rolling mill to improve efficiencyThe Kametstal Metallurgical Plant, a subsidiary of the Ukrainian mining and metallurgical group Metinvest, announced the start of large-scale repair work on the 400/200 rolling mill as part of a maintenance and modernization program until 2025.The repair work is aimed at increasing the reliability…
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Bekaert and IKK Mateenbar partner to develop hybrid reinforcement systems for sustainable constructionBelgian steel cord and wire manufacturer Bekaert has announced the signing of a memorandum of understanding (MoU) with Saudi Arabian company IKK Mateenbar to jointly develop low-carbon concrete reinforcement systems. The new hybrid systems combine Mateenbar's glass fiber reinforced polymer (GFRP)…
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