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Fiat Chrysler investing $204 million in Poland plant

WARSAW --  Fiat Chrysler Automobiles will modernize its Polish plant to build hybrid and electric Jeeps, Fiats and Alfa Romeos. The company plans to start production of the first of three new models at its factory in Tychy in the... Read more

Pig Iron › Brazilian pig iron exports up 28,7% in 2020

In 2020, Brazilian pig iron exports increases 28,7% year on year 3.738 million mt, reflecting the booming demand from China. Accordingly, while in 2019 China acconted only 10% of the total volume of Brazilian pig iron export, in 2020 its... Read more

Automotive › Ford to stop making all passenger cars except the Mustang

The sedan is becoming less and less relevant to American motorists. If you’re looking to buy a car from Ford, you’ll soon have only one choice: a Mustang. Faced with plunging demand and declining profits from its passenger car lineup,... Read more

Iron Ore › Brazil, Australia iron ore shipments set 2020 record

The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes from December 21-27, the highest since June 2019, according to a survey from Mysteel. Over the survey period, iron ore shipments from... Read more

Iron Ore › Iron ore in 2021 is looking like… iron ore in 2020

The fate of the market for iron ore — Australia’s most valuable export at $102bn in the 2019-2020 financial year — is squarely in the hands of its largest customer, China according to ASX news site StockHead. As the world’s... Read more

Foundry › India - Foundries demand import duty cut on key raw materials

Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday. Prices of pig iron and other raw materials for the industry... Read more

greenbiz.com › A new Swedish iron processing project could disrupt the global steel industry

A recent announcement by Europe’s largest iron ore producer, LKAB, may seem like a technical detail only relevant for metallurgists and steel nerds. However, the company’s plan to invest up to $46 billion over the next 15–20 years to expand... Read more

Industry › BOSCH REXROTH CELEBRATES 225TH ANNIVERSARY

The story began in 1795 when Georg Ludwig Rexroth launched the water-driven forge for iron production in the Spessart mountains in Germany. Rexroth founded what now is one of the oldest technology companies in the world. Part of the Bosch... Read more

Foundry › CHN - COMPLETE PROCESS OPTIMISATION WITH ARTIFICIAL INTELLIGENCE: HUAXIANG CHOOSES DISA’S MONITIZER SUITE FOR SMART FOUNDRY PROJECT

SHANXI HUAXIANG GROUP CO., LTD. (“HUAXIANG”) HAS BECOME THE FIRST CHINESE FOUNDRY TO ADOPT THE FULL MONITIZER® DIGITAL SUITE, SUPPLIED AND SUPPORTED BY DISA, A NORICAN TECHNOLOGY. MONITIZER | GLOBAL WILL ALLOW HUAXIANG TO COLLECT AND MONITOR LIVE PROCESS DATA... Read more

Automotive › GM to Invest $2.2 Billion, Create 2,200 Jobs in Michigan

General Motors will invest $2.2 billion at its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs. When the plant is fully operational, this investment will create more than 2,200 manufacturing jobs. GM will also invest an... Read more

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