Metallurgy news
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Codelco plans record rise in copper premium for ChinaChile's Codelco, the world's largest copper producer, plans to increase the premium on the price of this metal for Chinese buyers to a record size in 2026.The company intends to raise the premium on annual contracts to $335 per ton, Bloomberg reports, citing a source. According to another source…
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German company Saarstahl acquires FNsteel to increase production of high-quality steel for cold plantingGerman long products manufacturer Saarstahl AG has announced the acquisition of Dutch long products manufacturer FNsteel BV. With this acquisition, Saarstahl is strengthening its position in the most important product segment serving the automotive and construction industries, reinforcing its…
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The Indian company OMC has received an environmental permit to expand the Kurmitar iron ore mine to 6 million tons per year.Odisha Mining Corporation (OMC), a state-owned enterprise of the government of the state of Odisha in eastern India, has received approval to conduct an environmental impact assessment (EIA) and an environmental management plan (EMP) to increase the capacity of the Kurmitar iron ore mine from 2.4…
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India plans to introduce new three-year structured safeguard duty on steel importsThe Indian government is considering introducing a new structured safeguard duty on steel imports, a government official said on Tuesday, November 25.The official said the plan is to introduce a new safeguard duty of 11-12 percent. Under the new structure, the safeguard duty will be levied for a…
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MEIS: Protective measures will affect Asian steel exports more than CBAMThe development of green steel and changes in steel trade flows in Asia were among the main topics discussed at the Middle East Metallurgy Conference (MEIS) held in Dubai last week. In particular, although at first glance Asian steel companies, which mainly use the BF/BOF route, will be among the…
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Turkey's base metals capacity utilization in November 2025 from OctoberAccording to preliminary data released by the Central Bank of Turkey, the capacity utilization rate of the Turkish base metals industry was 75.3 percent in November this year, up from 74.7 percent recorded in the previous month, while the capacity utilization rate of the Turkish base metals…
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Hyundai Steel will supply low carbon steel to South Korea's expanding national electricity grid.South Korean steel company Hyundai Steel has announced the signing of a memorandum of understanding with the Korean Electric Power Corporation (KEPCO) and the Korean Cooperative of Electrical Manufacturers to ensure stable supplies of low-carbon steel for the large-scale expansion of South Korea's…
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Russia's Severstal has begun construction of a new heat recovery plantThe Russian steel company Severstal has announced the start of construction of a heat recovery plant (UTPP) at the Cherepovets Metallurgical Combine (CherMK), its flagship production site. The project aims to expand the company's own energy capacity by converting blast furnace gas into electricity…
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Iron ore shipments are growing amid stable demand for cargo and a limited supply of ships.Freight shipments of iron ore on key dry cargo routes in the Capsize class and small vessel segment increased in the week ending November 21, 2025. Although cargo demand in China remained stable rather than aggressive, freight activity stabilized and ship availability decreased, which helped…
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Czech steel sector urges government to act as Germany introduces subsidized electricity tariffThe Czech-Slovak Association of Steel Producers and Processors Ocelářská unie issued a sharp warning about the deterioration of the situation in the European steel market, stressing that the new subsidized electricity tariff in Germany, which is due to enter into force in January 2026 and which…
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