Metallurgy news
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Global steel demand will stabilize in 2025 and grow in 2026 – forecastGlobal steel demand in 2025 will remain at the level of the previous year - about 1.748 billion tons, after a decline of 1.6% in 2024. Such data are presented in the short-term forecast of the World Range Outlook (SRO).In 2026, demand will increase by 1.3%, to 1.772 billion tons, which will help…
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Serbia will seek exemption from proposed EU steel guaranteesSerbian President Aleksandar Vucic has called on European Commission President Ursula von der Leyen to open negotiations on new EU steel safeguards, which he believes could hamper Serbia's ability to export steel to its key markets and pose a direct threat to the Smederevo steel plant, according to…
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In January-September 2025, car sales in Turkey increased by 8.5 percentIn September of this year, car sales in Turkey totaled 114,112 units, up 8.7 percent from July and 25.2 percent year-on-year, according to monthly statistics released by the Turkish Automobile Manufacturers Association (OSD). In the same month, passenger car sales in Turkey totaled 88,274 units, up…
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Rio Tinto's Pilbara iron ore output remains stable in third quarterAustralian miner Rio Tinto has announced production results for the third quarter ended September 30 of the current calendar year.In the third quarter, the company's iron ore production from its Pilbara operations in Western Australia remained stable both year-on-year and quarter-on-quarter. 84.1…
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Kocaer Çelik becomes the first Turkish steel producer to have SBTi approved zero balance targetsTurkish Steel Mill Kocaer Çelik Sanayi ve Ticaret A.Ş. Announced that the Science-Based Goals Initiative (SBTi) has officially approved its short-term (2030) and long-term (2050) targets for reducing greenhouse gas (GHG) emissions.With this certification, Kocaer Çelik becomes the only Turkish steel…
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Polish JSW is preparing for business restructuring to stabilize liquidityPolish coking coal producer Jastrzebska Spolka Weglowa SA (JSW) announced that it has begun preparations for a comprehensive business restructuring process aimed at stabilizing its liquidity situation.The initial stage of the restructuring process will focus on stabilizing the short-term and JSW…
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El Mutun Steel Complex launches DRI plant in BoliviaThe Bolivian El Mutun Steel Complex has begun testing at its direct iron reduction (DRI) plant, which is considered the most important division of the enterprise and the last plant to enter service. The initial phase began with the ignition of gases to reduce the iron oxides present in the pellets…
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The Russian Steel Association has proposed to the Ministry of Finance and the Ministry of Industry and Trade to expand tax support for metallurgistsIn addition to deferring the excise tax on liquid steel and mineral extraction tax on ore, companies are asking to postpone the payment of insurance premiums to the first half of 2026 and not apply standard tax collection mechanisms to debts until August 1. This will save up to 1.19 billion rubles…
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Malaysia to introduce carbon tax in 2026, targeting steel industryDuring the 2026 budget session, the Malaysian government confirmed plans to introduce a carbon tax next year in line with its commitment to creating a low-carbon economy and achieving net zero emissions by 2050.The initiative will start with sectors that produce the highest emissions, iron and…
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Copper prices on the London Metal Exchange reached a level above 10.5 thousand dollars per ton.The increase in the cost of the metal is due to concerns about a reduction in supply due to lower production in Indonesia and Chile, while demand in China continues to grow. The International Copper Market Research Agency (ICSG) has adjusted its forecast for 2026, expecting a deficit of 150,000…
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