Metallurgy news
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The EU introduced new measures to reduce energy prices and support energy-intensive industriesThe European Commission has unveiled a new set of coordinated actions to lower energy prices for both industry and consumers, marking the next stage of the Affordable Energy Action Plan.Although energy costs have fallen from their 2022 peaks, they remain significantly higher than global…
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Global steel production decreased by 1.6 percent in September 2025Global steel production in September this year decreased by 1.6 percent year-on-year to 141.8 million tons, according to the World Steel Manufacturers Association (worldsteel).In the first nine months of this year, global steel production fell 1.6 percent year-on-year to 1.37 billion tons.In…
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Germany's GMH Gruppe completes restructuring to increase emphasis on green steel and circular economyGerman specialty steel manufacturer GMH Gruppe has announced the completion of a corporate restructuring process, a move designed to strengthen long-term stability, enhance competitiveness and protect future investments.Under the new structure, all industrial activities are consolidated within the…
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Consumer confidence in Turkey decreased by 0.3 percent in October 2025 compared to SeptemberAccording to the monthly consumer trends survey published by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 83.9 points in September this year, decreased by 0.3 percent month-on-month in October this year to 83.6 points, having previously…
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Eurozone construction output fell 0.1 percent in August 2025 compared to JulySeasonally adjusted output of the construction sector in European Union member states (EU27) fell by 0.9 percent in August this year compared with July and remained stable compared with the same month in 2024, according to the first estimates published by Eurostat, the statistical office of the…
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Federaccai repeats the Italian government's dissatisfaction with the EU's Green DealIn a statement released yesterday, Antonio Gozzi, president of the Italian Steel Producers Federation, expressed full support for the Italian government's position on the European Green Agreement, as outlined by Italian Prime Minister Giorgia Meloni during her recent address to the Italian Senate…
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Türkiye and South Africa strengthen trade relations with new JETCO declarationTurkey and South Africa have taken a significant step towards deepening bilateral economic cooperation by signing the Joint Economic and Trade Commission (JETCO) Declaration and Memorandum of Understanding on Free Zone Cooperation. The agreement aims to accelerate trade and investment between the…
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Taiwan's base metal export Orders Decreased by 9.5% in January-September 2025According to statistics released by Taiwan's Ministry of Economy, Taiwan's export orders for base metals and products made from them totaled $1.87 billion in September this year, an increase of 1.7% compared to August 2024 and a decrease of 6.3% compared to the previous month. In August, export…
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China will cancel tax breaks on diamond imports, raising VAT from 4% to 13%, Rapaport reports.Starting from November 1, 2025, diamond importers through the Shanghai Diamond Exchange (SDE) will no longer benefit from a preferential VAT or duty refund rateIn general, the cancellation of diamond trading privileges in China (13% of global diamond jewelry sales) may add stress to the already…
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SSAB delays launch of Oxelösund EAF project, net profit rises in Q3 2025Swedish specialty steel manufacturer SSAB has published financial results for the third quarter and first nine months of this year.The company reported a net profit of SEK 1.49 billion ($158.48 million) in the quarter, compared with a net profit of SEK 1.05 billion in the corresponding period last…
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