Metallurgy news
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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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Exporting restrictions in the UK can cause damage to the economy and competitivenessA new study conducted by the University of Sheffield of Hallama, ordered by the British Association of Metal Processing (BMRA), warned that the restriction of British scrap exports could have destructive economic consequences. The results are received while the Great Britain government weighs…
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Hyiron, Namibia and Toyota Tsusho join forces to build a green Steel creation chain in AfricaNamibia-based steel producer Hyiron, in collaboration with the Government of Namibia and Toyota Tsusho Corporation of Japan, has signed a memorandum of understanding (MOU) to promote the development of a sustainable clean and green steel chain in Africa. The partnership highlights Africa's growing…
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MMK invests more than 10 billion rubles in a green transformationThe Russian manufacturer became the Magnitogorsk Metallurgical Plant (MMK) announced that in 2025 it would allocate more than 10.2 billion rubles ($ 126.84 million) for environmental initiatives, confirming its commitment to sustainable steel production. these investments are part of the Ecological…
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Fortescue reports lower net profit and revenue in fiscal Year 2024-25The Australian iron ore company Fortescue Metals Group has announced financial and operating results for the 2024-25 financial year ended June 30.In this fiscal year, the company's net profit was $3.37 billion, down 41.0% from the previous fiscal year, reflecting lower EBITDA, and sales revenue was…
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For seven months, 23.8 million tons of cargo in export-import message were transported through the border crossings with the PRC.Since the beginning of the year, there has been an insignificant growth, within one percent. Now the indicators are at the level of last year. Trade with China stagnates, and this is reflected in cargo transportation. the main cargo at all border crossings is coal (45%). In total, over 10 million…
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