Metallurgy news
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Algoma Steel provides government support to resist U.</p><p>S. tariffs and accelerate transition to EDPThe Canadian steel company Algoma Steel Group Inc. announced that it has received a major financial boost of 500 million Canadian dollars in the form of liquidity support from the Canadian federal government and the government of the province of Ontario. This funding aims to provide Algoma with the…
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The United States acquired a stake in Lithium AmericasEarlier, Trump and the US Secretary of Commerce announced that the administration would buy shares in companies if they needed help (like a deal with Intel). The U.S. government has acquired a 5% stake in Canadian lithium producer Lithium Americas, as well as a 5% stake in the Thacker Pass Nevada…
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Canada initiates the review of AD on imports of welded pipes from four countriesThe Canadian Frontier Service Agency (CBSA) announced that it initiated an administrative review to update the normal values and export prices of some welded pipes made of carbon steel, which are taking place or imported from Pakistan, Filippin, Turkey and Vietnam. , according to the exporters do…
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ArcelorMittal Acindar shuts down Villa Constitución plant amid weak steel demandAccording to local media reports, the Argentine steel company ArcelorMittal Acindar announced a temporary week-long work stoppage at its Villa Constitución plant in response to the ongoing deterioration in domestic steel demand.The suspension affects the release of the rental and will be valid…
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East Pipes, based in Saudi Arabia, has concluded a contract for the supply of steel pipes of the Indian company WelspunAccording to the application on the Saudi Stock Exchange, the East Pipes Saudi Pipes manufacturer issued an order for the supply of steel pipes to the Indian manufacturer Welspun Corp limited (WCL) in the amount of 173.2 million Ryalov ($ 46.1 million). It is expected that the supply of WCL will be…
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Mitsubishi Power to supply GTCC plant to Jiangsu Lihuai Steel for decarbonizationJapanese energy solutions supplier Mitsubishi Power has announced the receipt of an order for a 100 MW combined cycle gas turbine power plant (GTCC) for Jiangsu Lihuai Steel Co., Ltd., a subsidiary of Jiangsu Shagang Group, one of the largest steel producers in China.This order represents the first…
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The cost of export of base metals from South Africa decreased by 20.3 percent in January-August 2025According to data published by the South African Tax Service (SARS), in August of this year, the cost of exports of South African non -ferrous metals and products from them amounted to 11.62 billion South African Rials ($ 674.59 million), which is 22.2% less than in July. In the period from January…
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The Industrial Development Corporation is considering taking control of ArcelorMittal South AfricaAccording to media reports, the Industrial Development Corporation (IDC) of South Africa is evaluating an offer worth 8.5 billion South African rials ($493.65 million) to acquire control of ArcelorMittal South Africa (AMSA), the country's largest steel producer.The deal will include the assumption…
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Resource sovereignty of the Russian Federation: why, even if there are many of them, there are fewThe presence of natural wealth is not a synonym for the wealth of the present. A true value is not born in the bowels, but in technological workshops, research centers and engineers' heads. The new report “Resource Sovereignty of Russia: Reality and Prospects”, prepared by the Platform CSP…
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The production of aluminum in China over 8 months increased by 2.2% to 30.1 million tonsChina in January -August increased the production of primary aluminum by 2.2% compared to the same period last year - up to 30.1 million tons, indicate the data of the State Statistics Service. At the same time, production was reduced by 0.5% and amounted to 3.8 million tons. the production of ten…
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