Metallurgy news
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More materials from the museumAn interesting fact is that NLMK made and presented St. Petersburg with a Glory Column in 2003 on the occasion of its 300th anniversary, which is located near the Trinity Cathedral on Izmailovsky Prospekt.The cast-iron part in the form of copies of Turkish cannons was cast in Lipetsk. The entire…
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Shanxi Coking Coal's net profit decreased by 49.62 percent in January-September 2025Major Chinese coking coal producer Shanxi Coking Coking Coal Energy Group Co., Ltd announced operating revenue of 9.122 billion yuan (US$1.3 billion) between July and September this year, down 20.84 percent year-on-year, and net profit of 420 million yuan (US$59.2 million), down 52.24 percent less…
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Baosteel reported a net profit of 7.959 billion yuan for January-September 2025Major Chinese steel producer Baosteel announced that its operating revenue for the period from January to September this year was 232.436 billion yuan (32.7 billion U.S. dollars), down 4.29 percent from last year, and net profit was 7.959 billion yuan (1.12 billion U.S. dollars) for the period…
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Goldman Sachs Group Inc. raised its forecast for iron ore prices for 2026 to 93 per tonne due to macroeconomic support, inventory reduction and steady steel production in China.The Bank still expects iron ore prices to drop to $88 per tonne next year by the last quarter of 2026, as China's steel sector is already experiencing oversupply again.Global iron ore shipments increased 15% year-on-year this quarter, which is likely to exacerbate seasonal inventory growth at ports…
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Round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metalsinvites you on November 13 this year. in St. Petersburg for a round table of producers, suppliers and consumers of raw materials and rolled non-ferrous metalsThe key issues of the round table will be:- exchange of views on the current situation in the markets of raw materials and rolled non-ferrous…
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Recycled steel use is declining worldwideGlobal secondary steel consumption in key regions fell 6.9% year-on-year to 235.96 million tonnes, accounting for 76% of global steel production. In the first half of 2025, recycled steel consumption fell in China, the EU-27, the US, Japan and South Korea, while India and Turkey recorded…
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Canadian Algoma Steel reports a net loss for the third quarterCanadian steel producer Algoma Steel has announced its financial and operating results for the third quarter ended September 30, 2025 fiscal year.In the third quarter, the company recorded a net loss of CAD$485.1 million, compared to a net loss of CAD$106.6 million in the same period last year, and…
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Brazilian company CBMM plans to increase niobium production ahead of demandCBMM, the world's largest producer of niobium ferroalloys, has announced plans to increase niobium production in anticipation of growing demand. According to CEO Eduardo Mencarini and Brazilian press reports, CBMM production is projected to reach 100,000 tons in 2025, up from 95,000 metric tons in…
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Glencore cut copper production by 17% due to falling ore gradesOne of the world's largest diversified mining groups, Glencore, cut its own copper production by 17% year on year to 583.5 thousand tons in January-September 2025, the company said on Wednesday. Peruvian Antapakkay and KCC (DR Congo).In the third quarter, copper production was 36% higher than the…
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The Government proudly reports on its unprecedented efforts to save the domestic steel industry.By the decree of October 29, the deadline for paying the excise tax on steel and the mineral extraction tax on iron ore was postponed until December 1, 2025, which, we quote, "will allow metallurgical enterprises to free up working capital for additional support of their activities and investment…
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