Metallurgy news
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Brazil updates information on the use of new steel import quotasAccording to the Brazilian foreign trade agency Siscomex, as of November 19, 445,469 tons of steel product quotas allowed for import at normal steel import rates had been used by 54 percent.The quotas were approved on October 24, 2025 and are valid for use until February 23, 2026.The total volume…
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Coal miners will be extended the deferral of taxes and insurance premiums until the end of winterThe authorities will keep coal companies deferred for the payment of mineral extraction tax and insurance premiumsThe authorities plan to extend the deferral of taxes and fees for coal companies as part of the anti-crisis program for the industry, such a measure of support will be maintained until…
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Yttrium is the most profitable metal of 2026The price of yttrium increased from US$ 6 per kilogram in early 2025 to the current trading range of US$ 220-320 per kg, an increase of 3567-5233%.Yttrium is a valuable rare earth. Chemicals containing it are widely used in industry, including semiconductor, aircraft manufacturing and energy.The…
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Mining and oil and gas leaders in commercial Private LTE networks in the Russian Federation and KazakhstanThe ComNews portal has updated the map of corporate Private LTE/5G networks in Russia and Kazakhstan as of autumn 2025.Key conclusions:• most of the 97 commercial Private LTE/5G-Ready networks are deployed at enterprises in the mining sector (41 industrial networks in total) and the oil and gas…
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Mechel will suspend the operation of a hardware plant in KareliaThe Vyartsila hardware plant in the Sortavala district of Karelia is being stopped due to decreased demand for the company's products.The production activities of the plant will be temporarily suspended from February 1, 2026 to July 1, 2026. “This decision is a difficult and forced step, which we…
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US and Canada drilling rig count declines - Week 49 of 2025Baker Hughes reported that the number of rotary drilling rigs in the United States fell by 10 to 544 for the week ended November 26, 2025.The number of gas drilling rigs increased by 3 to 130, and the number of oil drilling rigs decreased by 13 to 414. The total number of drilling rigs in the…
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U.</p><p>S. Crude Steel Production Decreased by 1.4 Percent - 49th Week of 2025According to the American Institute of Iron and Steel (AISI), for the week ending November 29, 2025, domestic production of raw steel in the United States amounted to 1.736 million net tons, and the capacity utilization rate was 75.8 percent.Production for the week ending November 29, 2025…
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Vale revises production forecastBrazilian mining company Vale has published updated production forecasts for the coming years. Iron ore production is projected to reach 335 million tons in 2025, grow from 335 to 345 million tons in 2026, and reach 360 million tons by 2030.The volume of agglomerated products is expected to reach…
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China's leading copper smelters have agreed to cut production by more than 10% year on year in 2026 amid ongoingReductions in concentrate supplies, SMM reports, citing negotiations between the procurement team at Chinese factories. As a reminder, spot TC/RCs in China turned negative in mid-2025 on the back of recent supply disruptions at major mines.In addition, China's plans to expand new smelting capacity…
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Global Toyota car production increased by six percent in January-October 2025Japanese automaker Toyota Motor Corporation announced that its global vehicle production increased 3.8 percent year-on-year to 926,987 units in October this year. In particular, the company's domestic production increased by 6.8 percent to 326,832 units, while its foreign output increased by 2.2…
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