Metallurgy news
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Merrill Steel invests $32 million in new plant in ArkansasThe American company Merrill Steel, a leading supplier of complex structural steel and thick-rolled products, has announced the establishment of its fourth manufacturing facility in the Midwest. The new plant will be located in Osceola, Arkansas, marking a significant expansion of the company's…
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Turkish Hasçelik identifies green steel and innovation in the report on sustainable development for 2024The Turkish steel company Hasçelik published its report on sustainable development in 2024, emphasizing its commitment to sustainable development as the main pillar of its business strategy. The company said that it seeks to ensure a holistic transformation on environmental, social and economic…
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Kobe Steel is partnering with Samling to create a supply chain for black pelletsJapanese steel company Kobe Steel has announced the signing of a strategic agreement with Malaysian company Samling to jointly develop the production and sale of black pellets, a next-generation raw material designed to reduce carbon emissions from both steel and electricity production.The move…
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European business Tata Steel to clash with the US Tariff, but does not affect the Indian marketThe introduction of 50 percent tariffs for imports from India by the Trump administration will affect the European business Tata Steel limited, but in a statement on Thursday, August 28, this will not affect its Indian operations. Nevertheless, the international market has become not very good, and…
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Manufacturers of Indian medical devices have cautiously rejected production failures and mandatory steel quality certification.Manufacturers of Indian medical devices are warning that recently implemented mandatory quality certificates for steel products risk creating shortages of critical products, disruptions in healthcare supplies and loss of export opportunities, the Association of Indian Medical Devices reported on…
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The US Treasury has generously extended the exemptions for the import of Russian diamonds, but it's not that simple.September 1st is approaching. Then the license (permission) to import the so-called "grandfather" Russian diamonds to the United States expires, that is, those stones that have long been exported from the Russian Federation, have not received a cut, but are stuck somewhere. Now the US Treasury has…
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Bayi Steel Posts Pure loss 697 million yuan for h1 2025Xinjiang Autonomous Region-Base Chinese Steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) HAS announced that it registered an operating revenue of RMB 8.733 Billion ($ 1.2 Billion) in the January-June PeriD thisar, Percent Year on Year, While Itsteed a Net Loss of RMB 697 Million ($ 98 Million)…
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Itaminas begins operating an Iron ore mine in BrazilBrazilian iron ore Itamin, controlled by AVG Group, has started production activities at the Jangada mine located in Sarzedo, Minas Gerais State.. The company plans to produce 8 million tons of iron ore per year in jangada, which is 64 percent, which increases the content by 64 percent, an average…
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Rosstat announced the growth of losses of coal companies 26 timesand amounted to 185.2 billion rubles. According to Rosstat, the profit of industry enterprises decreased by 35% and amounted to 58 billion rubles, while losses increased 2.6 times and reached 243.2 billion rubles. The share of profitable companies in the sector decreased to 34%, the number of…
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1. Vietnam opens its gold market, putting the end of the state monopoly on imports and export of unprocessed gold ingots, as well as their productionAccording to the decree, the companies and commercial banks that have received the approval of the Central Bank can produce gold bullion. According to a separate statement, the State Bank of Vietnam will also give licenses for the import of unprocessed gold and foreign trading ingot. According to…
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