Metallurgy news

• German Chancellor Merz promised to strengthen trade protections and ease energy consumption for the steel industry at the steel summit. On Thursday, November 6, German Chancellor Friedrich Merz held a high-level steel summit at the Federal Chancellery in Berlin, which brought together ministers, state representatives, trade unions and leaders of the steel industry to discuss what the participants called the existential crisis in... 07.11.2025  14:00

• Exports of finished steel products from China decreased by 13% YoY in October, replacing the 3% increase in September. Although this indicator is below the historical maximum, it remains at a high level. Coal imports to China decreased by 10% year-on-year in October, compared with -3% year-on-year in September. The decrease was mainly due to public holidays (there were fewer working days in October 2025). Although some market representatives expect that imports will be supported by winter... 07.11.2025  14:00

• Nippon Steel renews long-term OCTG supply agreement with Shell The Japanese steel company Nippon Steel Corporation has announced that, together with the Japanese company Sumitomo Corporation, which provides electrical services, they have entered into a new 10-year long-term framework agreement with the Dutch company Shell Global Solutions International B.V. on... 07.11.2025  12:00

• Polish government seeks bank loans to stabilize JSW Wojciech Balczun, Poland's minister of state Assets, confirmed that the Polish government is in talks with banks about possible loans to rescue Polish coking coal producer Jastrzebska Spolka Weglowa SA (JSW), according to a Reuters report. The government and banks will determine the size,... 07.11.2025  12:00

• TMK's net profit fell by 51% in 9 months According to the results of January-September 2025, the net profit of the Pipe Metallurgical Company (TMK) according to RAS decreased by 51.4% - to 13.8 billion rubles against 28.4 billion rubles a year earlier.The company's revenue decreased by 16.7%, reaching 272.83 billion rubles, gross profit... 07.11.2025  12:00

• Metallurgists in Germany on the verge of bankruptcy The price of electricity has become a matter of life and death for the German steel industry. The paradox is that without cheap "green" energy, steelmakers cannot switch to environmentally friendly technologies to meet EU climate requirements. This vicious circle threatens to destroy... 07.11.2025  12:00

• The volume of freight traffic on the Chinese Daqin Railway in January-October 2025 decreased by 0.7 percent China's Daqin Railway freight volume was 318.38 million tons in January-October this year, down 0.7 percent year-on-year.In October alone, Daqin Railway freight volume was 32.51 million tons, indicating a year-on-year decline of 4.7 percent.... 07.11.2025  10:00

• Iron ore imports to China increased by 0.7 percent in January-October 2025 According to the latest data released by the General Administration of Customs of China (GACC), between January and October this year, China's iron ore imports totaled 1.028886 billion tons, up 0.7 percent year-on-year.In October alone, China's iron ore imports totaled 111.309 million tons, up 7.2... 07.11.2025  09:00

• Steel exports from China decreased by 6.5% in October and increased by 6.6% in January-October 2025 According to the latest data released by the General Administration of Customs of China (GACC), in the period from January to October of this year, exports of finished steel from China amounted to 97.337 million tons, which is 6.6 percent more than last year.In October, exports of finished steel... 07.11.2025  09:00

• Simec's net profit dropped sharply Mexican long-roll manufacturer Simec reported a net profit of 459 million Mexican pesos (US$24.7 million) for the third quarter of 2025, compared with a net profit of 3.152 billion Mexican pesos generated in the third quarter of 2024.In comparison, net sales decreased by 12 percent to 7,485 billion... 07.11.2025  08:00