Metallurgy news

• Swedish company Vattenfall orders fossil fuel-free steel from SSAB for hydropower project Swedish energy company Vattenfall has announced that it has signed an agreement with Swedish special steel manufacturer SSAB to supply 120 tonnes of fossil fuel-free steel to build the world's first carbon-free dam gate.The gate will be installed at the Vattenfall Stornorrfors hydroelectric power... 30.10.2025  13:00

• Goldman Sachs raises its forecast for iron ore prices for 2026 to $93/ton, but maintains a bearish outlook on the market The American investment banking company Goldman Sachs Group Inc. has revised its forecast for iron ore prices for 2026 to $93/ton, citing macroeconomic support, tighter inventories and steady steel production in China, according to a Bloomberg report.The upward revision means an increase of $5/ton... 30.10.2025  13:00

• Finding a solution for automatic delivery of workpieces EVRAZ NTMK is looking for a solution for autonomous intra-shop logistics based on self-propelled trolleys (AGV/AMR) for moving workpieces to machines.Current situation:Currently, the movement of goods is carried out by overhead cranes, hand trucks and rail carts between spans.Solution... 30.10.2025  13:00

• Trump and Xi reached agreements to reduce duties and lift restrictions on trade in rare earth minerals with China, which signaled a reduction in trade tensions. Both leaders promised to "work together" on the conflict in Ukraine, although they revealed few details.Trump announced plans to visit China in April and hinted at a broader trade agreement.This news should remove some pessimism about the prospects for the global economy. "Shipments of rare earth... 30.10.2025  13:00

• Turkish company Çemtaş reports net profit and revenue decrease for January-September 2025 The Bursa-based Turkish steel company Çemtaş Çelik Makina Sanayi ve Ticaret A.Ş (Cemtas) has announced financial and operating results for the first nine months of this year.In the period, the company reported a net profit of 24.25 million Turkish liras ($577,518), compared with a net loss of 25.19 ... 30.10.2025  12:00

• EUROMETAL: Distribution activity has stabilized, confidence in a sustainable recovery remains weak The latest market sentiment survey by the European Federation for Distribution and Trade of Steel, Pipes and Metals (EUROMETAL) for October 2025 shows a cautious mood among European steel distributors. Although current market activity appears to have stabilized after several months of decline,... 30.10.2025  12:00

• Algerian SNS forms partnership to revive Ouled Moussa plant The Algerian National Steel Holding Company (SNS) and the Bank for Agriculture and Rural Development (BADR) have formalized a new partnership to complete and operate the Ouled Moussa steel project in the province of Boumerdes. The Memorandum of Understanding, signed at the SNS headquarters in... 30.10.2025  11:00

• Primetals to build continuous tandem cold mill in China The British plant Primetals Technologies has won a major contract for the supply of a continuous tandem cold mill for the production of silicon steel to a leading steel manufacturer located in Hebei Province, China. The project is aimed at increasing the production of high-value products and... 30.10.2025  11:00

• Repurchase of shares of Yuzhuralzolot's minority shareholders: how will the dispute between the Ministry of Finance and the Central Bank end? In July, the court nationalized the shares of the gold miner Yuzhuralzoloto Group of Companies (YUGK). In October, the Central Bank demanded that Rosimushchestvo, as the new owner of a large block of shares, make a mandatory offer to buy out securities from minority shareholders. The law obliges to... 30.10.2025  11:00

• Xinxing Ductile Iron Pipes recorded net profit growth of 44.67% in January-September 2025. Chinese steel company Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes) of Hebei Province announced that its operating revenue was 27.183 billion yuan (US$3.8 billion) from January to September this year, up 0.38 percent year-on-year. During the period, Xinxing Ductile Iron Pipes... 30.10.2025  10:00