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Steel & Metal
- Turkey -

Production Updates: Toscelik to Invest in Solar Power to Support Green Transition

In a significant move towards sustainability, Toscelik Profile and Sheet, a subsidiary of Turkish steelmaker Tosyali Holding, is exploring a new investment in a solar power plant. This initiative is part of the company's broader commitment to green energy and achieving energy independence for its operations. This development comes as Turkey's steel sector faces pressure from surging imports, which have undermined gains from rising domestic consumption despite an overall improvement in key steel indicators from January to July 2025. Industry representatives are advocating for swift measures to curb the inflow of foreign products, which they argue is eroding the sector’s performance. Elsewhere, in the Middle East, two major independent power producer (IPP) projects in Saudi Arabia, valued at $4 billion, have reached financial close. These projects are aligned with Saudi Arabia's Vision 2030 strategy and are expected to boost power generation capacity, supporting both economic diversification and steel consumption.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices