Metallurgy news
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Quotes of thermal coal, which are already at multi-year lows, continue to fallThe global price of coal with a caloric content of 6 thousand kcal/kg at the main ports of shipment varied in the range of 76.3–104.2 per ton, which is 16.8–27% lower than at the beginning of the year. The main reason is a decrease in demand.According to BP's forecast, global coal consumption will…
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Metallurgy is on its last legs: Severstal is falling, followed by MagnitogorskRussian metallurgy is rapidly losing its stability. Severstal reported a 57% drop in net profit, revenue by 14%, and free cash flow for the first time went to minus 22 billion rubles against almost one hundred billion rubles of profit a year ago. Against the backdrop of a rising key interest rate…
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The United States plans to conclude a deal with Kazakhstan to extract tungsten mines, a metal used by the Pentagon to produce ammunition, shells and other weapons.According to people familiar with the situation, Commerce Secretary Howard Lutnik facilitated negotiations between Cove Kaz Capital Group LLC and the Sovereign Wealth Fund of Kazakhstan on an application to develop two of the largest deposits of this metal in Kazhastan.The talks coincide with the…
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Over the past two years, the share of gold in global investment assets has grown from 4% to 6%, the highest in almost forty years, since 1986.For comparison, during the gold boom of 1980, the share of gold reached 22% of all global assets - then, against the background of the dollar crisis and oil shocks, gold seemed to be the only safe haven. By 2000, when globalization was in full swing, this figure had dropped to 1% - the world…
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Brazil needs more gas distribution pipelinesAccording to a report by the Brazilian public energy research company (EPE), the country needs at least eight gas pipeline projects totaling 2,300 kilometers, requiring investments estimated at $5.1 billion. Such pipelines are needed to transport gas to central Brazil, since the current pipeline…
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Kept and the Association of RM and REM are joining forces to develop the Russian rare earth metals industryAs part of the International Industrial Exhibition INNOPROM-2025, an official ceremony was held to sign an agreement on cooperation between the auditing and consulting company Kept and the Association of Producers and Consumers of Rare and Rare Earth Metals. The agreement provides for cooperation…
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South Africa detects dumping on imports of corrosion-resistant sheet metal from China and suspends provisional dutiesThe International Trade Administration Commission (ITAC) of South Africa has announced the preliminary results of an investigation into anti-dumping duty (AD) on imports of corrosion-resistant steel sheets from China.The investigation was launched on March 20, 2025 at the request of domestic…
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Vale production increased in the third quarter of 2025Brazilian mining company Vale produced 94.403 million tons of iron ore in the third quarter of 2025, which is 3.8 percent more than in the third quarter of 2024. In comparative terms, pellet production decreased by 22.8 percent to 7.997 million tons.According to the company, iron ore production…
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Steel Dynamics, Inc. reports an increase in net profit for the third quarterSteel Dynamics, Inc. announced financial results for the third quarter of 2025, including net sales of $4.8 billion and net income of $404 million.For comparison, the company's second quarter 2025 net income was $299 million and net income in the prior year's third quarter was $318 million.In a…
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The Italian company ABS will begin construction of a hybrid digital green plant with low emissionsAcciaierie Bertoli Safau (ABS), the steel division of the Danieli Group, is preparing to begin construction work for its new hybrid digital green plant at the company's site in Cargnacco (Udine). Construction is scheduled to begin in early 2026, marking the concrete start of one of the group's most…
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