Metallurgy news
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South Korea reveals comprehensive assistance in supporting the steel industry affected by tariffsThe Ministry of Trade, Industry and Energy of South Korea announced the support of 570 billion crypt ($ 410.39 million) to help in the country up to 50 percent, in accordance with the media reports, aluminum and derivatives. Small and medium -sized enterprises (SMEs) will gain access to KRW 200…
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Unesco calls for stronger measures on European steel tradeThe Spanish steel association Unesco has warned that the current trade tensions between the European Union and the United States are putting the steel industry at risk. In a letter to trade minister Carlos Cuerpo, the association stressed that the US decision to impose a 50 percent tariff has…
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Canadian Western Steel Works provides government funding for modernization of facilitiesThe provincial government of Newfoundland and Labrador in Canada has announced a $100,000 investment from the Innovation and Business Development Fund to support upgrades at Western Steel Works Inc., a West coast metal manufacturing company.Western Steel Works has facilities in Lake Lakes and…
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Lom Assofermet: Summer ends between recession and stability, September begins amid uncertaintyThe summer in the Italian scrap market ended without major shocks, although the trend reflected the fragility of the sector. In July, the market saw a further decline of 5-10 euros/ton, which is not always acceptable to all players: in some cases, operators preferred to curtail activity or postpone…
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Australia launches anti-bypass investigation against HSS from four countriesThe Australian Anti-Dumping Commission has announced that it has initiated an anti-waste investigation into hollow structural sections (HSS) from China, South Korea, Malaysia and Taiwan.The investigation was launched following a petition filed by local manufacturer Orrcon Manufacturing Pty Ltd…
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German SHS Group promotes Power4Steel in hydrogen supply dealThe German SHS Group (Stahl-Holding-Saar), together with its subsidiaries Dillinger, Saarstahl and ROGESA, has taken an important step in steel decarbonization by signing a long-term contract with the French energy company Verso Energy, media reports. According to the agreement, SHS Group will…
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Seligdar Company has published financial statements for the first half of 2025: financial results remain unstable and raise a number of questionsRevenue increased by almost 40% compared to the same period last year and reached RUB 28 billion, mainly due to the favorable market situation for gold miners. However, the operating profit remained extremely low — only about 14 million rubles, demonstrating the inefficiency of the company's…
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Indian JSW Steel limited predicts the growth of steel production by 17% in August 2025According to the company's statement on Monday, September 8, the Indian JSW Steel limited reached the volume of steel production of 2.703 million tons in August this year, which is 17 percent more than in the corresponding month of the previous year. The steel production in India amounted to 2.615…
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Retail car sales in India increased by three percent in August 2025Retail sales of Indian vehicles represented by new registrations were estimated at 1,964,547 units in August 2025, up 2.84 percent from the corresponding month of the previous year, according to data released by the Federation of Automobile Dealers Association (FADA) on Monday, September…
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Import steel from Vietnam grew 17 percent in August 2025 compared to JulyIn August of this year, the imports of steel from Vietnam amounted to 1.35 million tons, which is 17 percent more compared to July, while the import of scrap metal was recorded at the level of 510 170 tons, which is 0.8 percent less compared to the same month, according to data published by…
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