Metallurgy news
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The NEOM project in South Arabia has been extended beyond 2030 due to revisions and budget pressures.The NEOM project in Saudi Arabia, one of the world's largest construction projects and a key element of the country's Vision 2030 program, is facing further delays as recent reports indicate that major parts of the "Line" may now be completed beyond the original target by 2030. The megaproject…
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Vale expects strong long-term demand for iron ore despite China reaching plateau in steel productionBrazilian iron ore miner Vale remains optimistic about the long-term outlook for iron ore and critical minerals despite signs that China has reached a plateau in steel production, according to CEO Gustavo Pimenta.In a conversation with Bloomberg Television, Pimenta said demand for iron ore and…
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The use of EU quotas exceeds 85% in several steel categoriesDuring the period of EU quotas from April 1 to June 30, some quotas for imports of certain types of steel products allocated to Vietnam, Turkey, South Korea, India, Taiwan and China were exhausted, while more than 85 percent of quotas for certain types of steel products were consumed.Looking at the…
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China's demand for structure-oriented silicon steel will reach 3.5-4.0 million tons by 2040.Chen Zhuo, expert consultant of the science, technology and environmental protection department of the China Iron and Steel Association (CISA) and former secretary-general of the electrical steel department of the China Society of Metals (CSM), predicts that by 2030, the global energy transition…
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The first large-scale HBI project in Azerbaijan has reached the feasibility study stageThe Azerbaijan Steel Company Azerbaijan Metal Company (AzMC) project to build Azerbaijan's first large-scale hot briquetted iron (HBI) production plant has reached an important milestone with the completion of a feasibility study of the project, which confirmed its technical and economic viability…
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Salzgitter wins first major green hydrogen supply contract for SALCOS® decarbonization projectGerman energy company EWE and Salzgitter Flachstahl GmbH, a subsidiary of German steelmaker Salzgitter AG, announced the signing of a long-term agreement covering the annual supply of 10,000 tons of green hydrogen, which marks a significant step forward for both the German hydrogen economy and the…
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Steel imports to Vietnam in May 2026 decreased by 9.1 percent compared to AprilAccording to data released by the General Administration of Customs of Vietnam, in May of this year, steel imports to Vietnam amounted to 1.29 million tons, which is 9.1 percent less than in April, and scrap imports amounted to 451,799 tons, a decrease of 29.5 percent compared to the same month.In…
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Taiwan's iron and steel export value fell 7.5 percent in January-May 2026According to statistics released by Taiwan's Ministry of Finance, the value of Taiwan's iron and steel exports fell 4.8 percent year on year to $1.32 billion in May this year. In the month, the value of the country's iron and steel imports was US$1.10 billion, up 5.1 percent year on year.In the…
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New car registrations in South Korea Increased by 32.3 percent in January-May 2026In May this year, South Korea’s new car registrations went down by 12.2 percent month on month and up by 5.9 percent year on year to 29,860 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).Meanwhile, in the first five months of this year…
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Moil India floats JV with Madhya Pradesh mining unit to expand manganese exploration and productionIndian state-owned mining company MOIL limited has formed a joint venture, MOIL MPSMCL limited, in partnership with the mining arm of the central Indian state of Madhya Pradesh, Madhya Pradesh State Mining Corporation limited, to undertake exploration and mining projects in the state, according to…
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