Metallurgy news
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Australian Mineral Resources has completed the first explosion at the Iron Valley quarryMineral Resources Limited (MinRes), a leading Australian mining and processing company, has completed the first blast at the Northern Iron Valley Quarry at its hub in the Central Pilbara. Work is currently underway to prepare the site for crushing and processing the first ore at the central Iron…
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Wood Mackenzie: The demand for steel in China will fall as India and Southeast Asia are gaining momentumAccording to the Scottish energy research and consulting company Wood Mackenzie, China - the world's largest consumer with 49 percent of world demand in 2024 - will see a decrease in steel consumption by 5-7 million tons per year over the next decade. This structural decline changes the balance of…
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European manufacturers urge CBAM to include solar products to ensure fair competitionThe European Solar Energy Production Council (ESMC) has called on the European Commission to expand the Carbon Boundary Adjustment Mechanism (CBAM) to cover solar photovoltaic modules, mounting structures and solar trackers. According to the ESMC, the exclusion of off-the-shelf solar products…
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RusHydro will receive at the prices included in the tariffsIt will supply coal for RusHydro's Far Eastern thermal power plants (MOEX: HYDR) at prices included in electricity and heat tariffs. This was announced by the company at the WEF-2025. Colestar guarantees stable sales, and RusHydro guarantees a reduction in losses from the purchase of coal at prices…
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WV Stahl: short -term subsidizing the energy system for the German steel industry is not enoughThe German steel federation (WV Stahl) warned that the subsidizing the energy system planned by the federal government would only provide limited relief for energy -intensive industries. The bill, which is expected, will be approved at a meeting of the Cabinet of Ministers, introduces a subsidy for…
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Polish JSW company expands coking coal reserves with new long face at Budryk minePolish coking coal producer Jastrzebska Spolka Weglowa SA (JSW) has announced that it has started work on a new large long wall at its Budryk mine. The extended wall of Bw-1, located in reservoir 405/2, contains reserves of type 35.1 coking coal in the amount of more than 1.6 million tons, which…
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Arcelormittal Mexico resumes DRI operations after the incident with Lasaro CardenasArcelormittal Mexico announced a significant progress in restoring operations at its factory in Lasaro Cardenas after the incident on August 18, which influenced the production of Iron of direct recovery (DRI) at HYL plants. Two of the four HYL reactors have currently returned to fully power, which…
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Ukrainian "Zaporizhstal" recorded a 6.7% increase in steel production in January-August 2025The Ukrainian Metallurgical Plant Zaporizhstal, owned by Metinvest, announced production results for August and the first seven months of 2025.In August, Zaporizhstal produced 310,800 tons of pig iron, 277,300 tons of steel and 245,900 tons of finished steel, an increase of 19.8 percent, 17.1…
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In July, the world central banks acquired 10 tons of gold, against 38 tons in June, noted by the 26th contract a month of accumulation of reservesIn general, in July, relatively modest purchases of central banks were observed, led by the purchase of 3 tons of Kazakhstan. Recall that the official purchases of central banks make up about a third of demand from real state institutions at a spare price, gold continues to bargain above the fact…
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Indian VSSL will build a special steel plant worth $ 284 million with the Japanese Aichi SteelIndian company Vardhaman Special Steel limited (VSSL) announced plans to create a special steel plant worth $ 284 in partnership with the Japanese Aichi Steel Corporation (ASC). The new project is aimed at strengthening the special steel capacities of India while promoting environmentally friendly…
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