Metallurgy news
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Russian coal industry: the second structural maneuver in 30 yearsToday he spoke at the “Coal” forum, where he talked about why to withdraw from the crisis of the industry a structural shift is needed, comparable in scale with the transformation of the mid-1990s. The main theses: the increase in coal production and export in the 2000s and 2010s. It was associated…
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The fact that the dollar is stable even against the background of rising prices (black line, right chart), signals a decrease in the value of fiat currencies relative toGold. With alarming levels of government debt and deficits everywhere, investors are looking for safe havens. The continued rise in gold prices – amid declining market expectations of a Fed rate cut and dollar stability – is highly unusual. One possible explanation is that we are witnessing a…
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Azerbaijan and Kazakhstan are cooperating for the construction of the HBI plantAzerbaijan took an important step towards industrial growth and low -carbon steel through a joint venture with Kazakhstan. According to local media, the Fonte Greenmet Investments Fund signed an agreement on the construction of modern hot Briket iron (HBI) in the Shamkirsky district. This project…
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Arcelormittal Sestao selects Danieli for new green steel upgrades in SpainSpanish steel producer Arcelormittal Sestao, part of Arcelormittal's European operations, has released a new phase of its decarbonization and capacity expansion program at its Vizcaya plant in Spain. The company has commissioned Italian plant manufacturer Danieli to supply a state-of-the-art plant…
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The global volume of production of DRI grew by 8.6 percent in August 2025According to the data published by the World Steel Association (WorldSteel), the global production of iron rehabilitation iron (DRI) in 12 countries, which accounted for about 85 percent of the total DRI production in 2024, amounted to 10.86 million metric tons in August of this year, decreasing by…
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Gerber Steel: EU lags behind in green steel transition as China outperformsGerman stainless steel distributor Gerber Steel has criticized the slow progress of the European Union in switching to green steel, noting that the unit is not achieving its decarbonization goals.Along with these structural shifts, the raw materials markets in Europe and Asia remain resilient. Iron…
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Elmarakby Steel reduces carbon mark before the implementation of CBAM in the EUElmarakby Steel, one of the leading manufacturers and suppliers of steel products in Egypt, announced an important step towards the decarbonization, reporting a carbon trace in the amount of 0.44 tons of carbon dioxide per metric ton of finished steel in the second quarter of 2025. The calculation…
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German government to protect steel industry from "dirty steel" competitionGerman Federal Finance Minister Lars Klingbeil used the Bundestag debate on the federal budget for 2026 and the financial plan for 2025-2029 to highlight the strategic importance of the steel and automotive sectors for the German economy and industrial transformation. He promised to take decisive…
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EU and Indonesia completes the development of the FCS to stimulate export and ensure raw material securityThe European Union and Indonesia officially completed negotiations on a significant agreement on a comprehensive economic partnership (CEPA) and an investment protection agreement (IPA). This deal is designed to change the trade between the two countries by canceling tariffs, ensuring the safety of…
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AlGioshy Steel urges Egypt to reconsider temporary duties on imported blanksOn September 25, the Egyptian steel company AlGioshy Steel released a statement on the impact on the company of the Egyptian government's decision to impose preliminary dumping duties on imported ingots.Egypt has announced a preliminary protective duty of 16.2 percent with a minimum rate of 4,613…
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