[India-EU Explore Cooperation on Ship Recycling]

India's Ramkrishna Forgings and Titagarh Rail Systems' joint venture is preparing to begin bulk production at its Tamil Nadu facility, with an initial annual capacity of 110,000 forged railway wheels, which can be expanded to 220,000 wheels. Ramkrishna Forgings holds a 51% stake in the venture, which is developing Asia's second-largest forged railway wheel manufacturing plant. The project is expected to strengthen India's domestic wheel manufacturing capabilities, boost value-added steel consumption and create export opportunities.

Centerra Gold Inc. said infrastructure refurbishment at Thompson Creek advanced from 65% at end-September to 75% at end-October, with first production still targeted for mid-2027. The mine is expected to produce approximately 5,900 tonnes of contained molybdenum annually, equivalent to around 2% of the 2025 global market. Captive concentrate will lift utilization at the Langeloth metallurgical facility from roughly one-third to about two-thirds of its approximately 18,144-tonne contained-molybdenum annual capacity. The project remains under construction and should not yet be counted as current supply.

Nigeria's Ministry of Steel Development is holding a two-day stakeholder validation of the draft 2026 Scrap Metal (Collection, Trading, Recycling and Regulation) Regulations in Lagos, under the theme of sustainable scrap management through effective metallurgical regulation. Steel Development Minister Shuaibu Audu said the draft would create a framework for licensing operators, regulating collection and aggregation facilities, mandating documentation of transactions, and tightening environmental and occupational safety standards to block the illegal trade in stolen metal. He flagged theft and vandalism of cables, railway components and manhole covers as a drain on public services, safety and government maintenance budgets, and called for stronger supplier identification, verification of material sources, reliable transaction records and cooperation with security agencies. The rules are not meant to suppress legitimate business, he said, but to give lawful operators clarity and confidence, while accommodating small-scale collectors through scale- and risk-based licensing. Permanent Secretary Nura Rimi said the move aligns with the Renewed Hope Agenda and would give the steel industry reliable raw material and investors greater confidence. The National Association of Scrap and Waste Dealers Employers of Nigeria called the exercise a landmark step, while NESREA backed effective regulation for environmental and public health protection. Kam Steel urged training for collectors, standardised grading and investment in modern sorting and shredding technology.