Metallurgy news
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Al Yamamah company from Saudi Arabia is raising new funds to implement plans for the production of blanksSaudi Arabia's Al Yamamah Steel Industries has taken a new step towards launching its planned steel billet production. On August 24, its subsidiary, which manufactures reinforcing steel, received financing from the Arab National Bank in the amount of 500 million Saudi riyals ($133 million). These…
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Global primary aluminum production decreased by 1.7% in July%Primary aluminum production in the Persian Gulf countries in July amounted to 293 thousand tons, which is 44% less than in the same month of 2025, according to preliminary calculations by the International Aluminum Institute (IAI). Two factories in the Persian Gulf countries, which account for…
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In July 2026, the production of base metals in Taiwan increased by 1.30% compared to JuneTaiwan's industrial production index rose 4.49 percent month-on-month and 25.61 percent year-on-year in July this year, according to the country's Ministry of Economy (MOEA). Meanwhile, Taiwan's seasonally adjusted industrial production index rose 4.15% month-on-month and 24.77% year-on-year.This…
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Metinvest Adria is looking for a third partner for the project of an electric steelmaking plant in Piombino, the launch of which may be postponed until 2027.Metinvest Adria, a joint venture between the Ukrainian steel producer Metinvest and the Italian company Danieli, is working to attract a third investor in its project to build a new steel mill with electric arc furnaces in Piombino, Italy, which will produce hot-rolled coils (HRC).According to…
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Jingye is demanding compensation again after the nationalization of the British Steel companyThe Chinese steel company Jingye Steel repeated its demand for compensation after the UK government completely nationalized British Steel in July 2026, warning that it would use all available legal means to protect its investment rights.The compensation request remains without ответаAs previously…
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Copper prices continued to rise after record sessionCopper prices continue to rise after reaching record levels in the previous session.Three-month futures quotes on the London Metal Exchange (LME) rose 0.5% to $14,349.5 per ton on Tuesday. On Wednesday, they rose 0.5% to $14,415.5 per ton.September Comex copper futures are trading at $6.73 per…
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Alleima invests $23.2 million to expand production of modern pipes in IndiaThe Swedish company Alltime, specializing in the production of special steel, will invest about 220 million Swedish kronor, or $ 23.2 million, in the expansion of the existing plant in Mehsan, India. The project will strengthen its production capabilities for the production of modern pipes used in…
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Georgian Rustavi Steel sells reinforcement plant to PM Metal companyGeorgian steel company Rustavi Steel has sold its rebar manufacturing business to local metallurgical company PM Metal as the steel manufacturer shifts its focus to seamless pipe production, according to local media reports.Rustavi Steel established a separate company called Iberia Rebar Company in…
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Qingshan may triple Zimbabwe's steel production to 2 million tonsChinese steelmaker Tsingshan Holding Group is considering increasing annual production at its Manhize steel plant in Zimbabwe from the current 600,000 tons to as much as 2 million tons, according to a report released by Bloomberg.Product diversification should precede the expansion of production…
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Liberty Steel at the Dalzell plant resumes rolling of steel slabs from KazakhstanLiberty Steel Dalzell, owned by GFG Alliance, in Motherwell, Scotland, is resuming rolling operations using steel slabs imported from Kazakhstan, amid ongoing monitoring of the financial and operational situation at the enterprise, according to media reports.GFG Alliance This import of slabs was…
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