Metallurgy news
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White Cap acquires two companies in Texas and FloridaWhite CAP, the leading distributor for construction and safety supplies in the United States, announced the acquisition of two companies, strengthening the supply of steel in Texas and Stuart construction products in Florida. This will expand the manufacturing portfolio and concrete accessories…
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Export of heavy plates from Brazil decreases sharply in AugustBrazil exported 7,230 tons of heavy plates in August against 30,800 million MT in July, according to Siscomex. The decrease does not reflect the export in the USA in August, when there were imports of import tax, compared with 17,700 million tons in July. $ 901/MT) and Trinidad and Tobago (49…
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CSN sells its USMINAS shares to react confidenceThe Brazilian manufacturer of steel, usiminas, told the market that the reacting trust investors acquired part of their joint-stock capital belonging to the Brazilian manufacturer of steel and iron ore, Companhia Siderórgica Nacional-CSN. Promotions equivalent to approximately $ 30 million…
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Ernst & Young: The costs of the green hydrogen of India to obtain steel by 2030.The cost of the production of green hydrogen for the manufacture of steel in India is currently almost double the cost of traditional methods, but, according to the new report, Ernst & Young (EY) of India, it is predicted that prices will fall half by 2030. The decrease will be due to the economy…
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TOFAş and Stellantis Sign Production AgreementThe new production agreement signed between the Turkish automobile manufacturer Tofaş and the Italian automaker Stellantis Europe S.P.A marks a significant step for the Turkish automotive industry.Under the new course, Tofa will produce light commercial and combined versions of the model and…
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Malaysian fortress Minerals to supply 1.2 million WMT iron ore to local steel steelMalaysia Miner Fortress Minerals limited announced that her auxiliary fortress PTE resources. Ltd. (FRPL) signed two new agreements on the supply of iron ore with an unsolved third -party steel manufacturer. within the framework of the agreement, during the period between September 1, 2025 and…
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Guinea hires Rio Tinto and Baowu to create processing for the Simandou ProjectThe government of Guinea has forced developers, including Rio Tinto and China Bauw, to go beyond exporting raw ore by setting up domestic refineries and toll plants, according to media reports. The policy is aimed at strengthening local industrialization, creating jobs and gaining more value from…
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Steel production at CISA* plants at the end of August amounted to 1.95 million tons, which is 7.9% less than in the previous month.Local steel reserves decreased by 4.4% during the reporting period, but increased by 3% year-on-yearAccording to the data from the beginning of the year (to August 31), the dynamics of production remained slightly positive (1% yoy). Meanwhile, according to official NBS data, steel production…
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According to official figures, in August the People’s Bank of China acquired 2 tons of gold, which is an unchanged indicator since April 2025 and is10th month of procurement in a row. In this case, the Bank of China reports only about the visible tributary of gold, excluding significant volumes of purchases of Russian gold through non-public organizations and coins. In particular, according to WGC, the official purchases of world central banks…
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Partner Outokumpu and Boston Metal to advance without carbon.Finland made of stainless steel of stainless steel Outokumpu and the American Boston Metal issued an agreement on cooperation aimed at increasing the production of metals without carbon. It is expected that this initiative will support strategic sectors, such as protection and aerospace industries…
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