Metallurgy news

• Hebei Steel Sector PMI Rose to 48.8 percent in October 2025 In October of this year, the purchasing Managers' Index (PMI) of the steel sector in China's Hebei Province increased to 48.8 percent, up 0.1 percentage points from the previous month, according to the Hebei Province Metallurgical Industry Association (MIA). In a given month, the PMI trend for the... 06.11.2025  09:00

• Rating: Gold reserves/gold reserves by country (2025) Russia and Australia have approximately 12,000 tons of undeveloped gold reserves each, which together account for almost 40% of the global total.In total, 10 countries account for more than 85% of the world's untapped gold deposits, the value of which exceeds 7 trillion.This visualization ranks... 06.11.2025  09:00

• Rio Tinto launches investigation into corruption at Oyu Tolgoi oil field Rio Tinto's acquisition of the Turquoise Hill mine has been suspended indefinitely due to personnel corruption.The Oyu Tolgoi underground mine is a critical development project in Rio. Rio Tinto Group subsidiary Oyu Tolgoi LLC is conducting an internal investigation into allegations of corruption... 06.11.2025  08:00

• From the fourth quarter of 2025, the world's largest mining company will pay for 30% of its spot iron ore sales to China in yuan, not in US dollars. Fifteen years ago, BHP CEO Marius Kloppers restructured the iron ore trade by abolishing the annual benchmark and introducing spot index pricing. This move shifted power towards mining companies and anchored the market in the US dollar system.This time the situation has changed. By accepting... 06.11.2025  07:00

• Ternium will take full control of Usiminas Ternium announced that its subsidiary Ternium Investments will buy the remaining stakes in the group that controls Brazilian steel and iron ore producer Usiminas from Nippon Steel and Mitsubishi Corporation.Ternium will pay the equivalent of US$315.2 million for 153.1 million shares, increasing its... 06.11.2025  03:00

• Assofermet: JRC data refutes the idea of ​​a potential shortage of scrap in the EU The Italian association representing companies involved in the trading, distribution and processing of steel and metals, Assofermet, has welcomed the findings of the latest research published by the European Commission's Joint Research Center (JRC) on the EU steel supply chain. The findings show... 05.11.2025  18:00

• Canada extends the pre-decision period for the AD investigation into OCTG from five countries The Canadian Border Protection Agency (CBSA) has announced the extension of the preliminary stage of the anti-dumping investigation into imports of pipe products from the oil country (OCTG) from Mexico, the Philippines, Turkey, South Korea and the United States.Under normal circumstances, the... 05.11.2025  18:00

• Germany will introduce a price for industrial electricity from 2026 At the 8th Ministerial Meeting of the Friends of Industry, held in Berlin on November 3, 2025, German Economy Minister Katerina Reiche announced that Germany will introduce an industrial electricity price from January 1, 2026, with retroactive budgetary support to 2027.High energy costs have become... 05.11.2025  17:00

• IREPAS: The global long-range rental market is struggling with weak demand, oversupply and intense competition The global long products market remains under pressure due to weak demand, new capacity and low plant utilization, according to IREPAS, the global association of long products exporters and manufacturers. Demand is stagnating, supply continues to grow, and trading opportunities are dwindling in the... 05.11.2025  17:00

• Car production in Japan increased by 4.2% in January-August 2025 According to data provided by the Japan Automobile Manufacturers Association (JAMA), in August of this year, car production in Japan (including cars, trucks and buses) It amounted to 543,212 units, an increase of 0.4 percent compared to the same month in 2024. Meanwhile, in January-August 2025, car... 05.11.2025  16:00