Metallurgy news

• The Government proudly reports on its unprecedented efforts to save the domestic steel industry. By the decree of October 29, the deadline for paying the excise tax on steel and the mineral extraction tax on iron ore was postponed until December 1, 2025, which, we quote, "will allow metallurgical enterprises to free up working capital for additional support of their activities and investment... 30.10.2025  19:00

• South Korean POSCO reported an increase in net profit in the third quarter of 2025 South Korean steel company Pohang Iron and Steel Co. (POSCO) announced consolidated financial results for the third quarter of this year.The company reported operating profit of 639 billion won (US$446.67 million) in the quarter, up 4.7 percent from the second quarter. In the third quarter, POSCO's... 30.10.2025  17:00

• Outokumpu reports higher net loss in January-September 2025 and announces $45 million investment in US ferrochrome. Finnish stainless steel manufacturer Outokumpu announced its financial results for the second quarter and first half of the year.The company recorded a net loss of 55 million euros in the third quarter, compared with a net loss of 19 million euros in the previous quarter and a net profit of 20... 30.10.2025  16:00

• BHP and POSCO collaborate to advance HyREX pig iron technology to produce near-zero emissions Australian mining company BHP and South Korean steel company POSCO have signed a memorandum of understanding (MoU) to collaborate on the development and testing of POSCO HyREX hydrogen reduction cast iron technology, a process designed to achieve near zero emissions from steel production.The... 30.10.2025  16:00

• In January-September 2025, scrap steel exports from Japan increased by 21.5 percent. Japan's ferrous scrap exports totaled 728,156 tons in September this year, up 75.2 percent from 415,592 tons in the same month the previous year, according to customs statistics. Between January and September this year, the country exported 5.67 million tons of scrap, up 21.5 percent from last... 30.10.2025  15:00

• Production has been temporarily suspended pending inspections following a fire at the Pittini Group Ferriere Nord plant. Late yesterday, October 29, a fire broke out at the Ferriere Nord plant of the Pittini group in Osoppo (Udine), affecting a warehouse where an oil-filled electric transformer was located. The incident required a comprehensive fire extinguishing operation involving units from Udine, Gemona del... 30.10.2025  15:00

• "Open dialogue" with Alexander Shevelev: ask your question! Dear friends, we have prepared many surprises for you as part of the Metal Expo 2025, and meet one of the main ones.We invite our clients and partners, representatives of the expert community and the media to participate in a unique event — an "Open Dialogue" with Alexander Shevelev, CEO of S... 30.10.2025  15:00

• Metinvest intends to acquire ArcelorMittal's pipe business in Romania The European Commission has received notification of the planned acquisition by Ukrainian metals and mining group Metinvest ArcelorMittal Tubular Products Iasi, a Romanian subsidiary of ArcelorMittal headquartered in Luxembourg.According to the notification, Metinvest intends to acquire full ... 30.10.2025  14:00

• VSSL's consolidated net income in India increased by 34% in the second quarter of fiscal year 2025-26 India's Vardhman Special Steels Limited (VSSL) achieved a consolidated net profit of INR 345.6 million ($3.91 million) in the second quarter (July-September) of fiscal 2025-26, an increase of 33.9% compared to the corresponding period of the previous year, according to a company statement on... 30.10.2025  14:00

• 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