Metallurgy news
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Reksoft presented a robotic rock breaker at the international exhibition of equipment and technologies for the mining industry "Rudnik" in YekaterinburgThe project is being carried out jointly with Norilsk Nickel and is aimed at increasing the production efficiency of the mine and ensuring safety during the technological processes of rock crushing.The solution includes four subsystems: machine vision, decision making, traffic control, and safety…
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French company Industeel upgrades walking beam furnace with hydrogen-compatible burnersFrench steel sheet manufacturer Industeel, part of the ArcelorMittal group, has embarked on a major modernization project at its sheet rolling plant in Charleroi to improve sustainability. The company commissioned German plant manufacturer SMS Group to upgrade its walking beam furnace with…
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Danieli secures new order in China for continuous casting machineThe Italian Danieli manufacturing plant has received a new order from the Chinese steel manufacturer Henan Fengbao Special Steel Co., Ltd. for a continuous casting machine designed for the production of ultra-large round blanks made of high-alloy alloys in Henan Province, China.Henan Fengbao's new…
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They asked me to comment on the current downturn in the gold and silver market, although I don't have any original thoughts here yet.Nothing moves linearly upwards, and the higher prices rise, the bigger and sharper the pullbacks tend to be.Pulling, as they say, "an owl on a globe" in search of the reasons for the sale, apart from purely technical factors (overbought and overloaded leverage in the paper market), there should…
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EUROMETAL calls for steel protection measures to be extended to processed productsIn a letter to Stéphane Séjournet, Executive Vice-President of the European Commission, and Maroš Šefčović, European Commissioner for Trade and Economic Security, the European Federation for the Distribution and Trade of Steel, Tubes and Metals (EUROMETAL) expresses serious concerns about the…
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Imports of steel scrap to China increased by 6.54 percent in January-September 2025In September of this year, China's scrap metal imports totaled 27,500 tons, an increase of 47.08 percent month-on-month, while China's customs authorities announced an increase of 108 percent year-on-year.In January-September of this year, China's scrap metal imports totaled 201,800 tons, an…
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In the II quarter industrial profitability continued to fall. Its level is almost equal to the record low values of the COVID periodThe gap with the loan rate has reached an absolute record. This situation obviously disincentivizes investmentactivity, which reduces forward-looking potential output, limits the expansion ofsupply in the medium term and, thus, other things being equal, contributes to higher levels of inflation in…
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The Duma approved in the first reading the exemption from VAT of interest payments on deposits in precious metalsAccording to the document, transactions involving the payment of interest by banks in precious metals in bullion under a bank account (deposit) agreement in precious metals are not subject to VAT.The draft law initiated by the Government of the Russian Federation amends the Tax Code of the Russian…
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FAI on Chinese railways in January-September 2025 amounted to 593.7 billion yuan, an increase of 5.6%China Railway Corporation (CRC) announced that the total fixed capital investment (FAI) of China's railways in January-September this year amounted to 593.7 billion yuan ($83.6 billion), up 5.8% year-on-year.In the first nine months, 968 were put into operation kilometers of new railway…
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Volkswagen will use GMH Gruppe green steel for round productionGerman automaker Volkswagen AG will purchase Green Power Premium Steel from Georgsmarienhütte GmbH, a subsidiary of German specialty steel manufacturer GMH Gruppe, according to a statement released by the latter. Low-carbon steel will be used in Volkswagen's own production of transmission…
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