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The 2nd Global Foundry Forum & 3rd “Belt & Road” Cooperation & Development Forum on Foundry Capacity
With the theme of “Improve International Cooperation, Realize Sustainable Development”, the 2nd Global Foundry Forum and“Belt & Road” Cooperation and Development Forum will be held at the same period from May 16-17 in Beijing for the first time. We will... Read more
Business › Whirlpool To Sell Embraco Business To Nidec
Whirlpool Corp (WHR) said it has entered into an agreement to sell its Embraco compressor business to Nidec Corp. (NJDCY.PK) for a cash purchase price of $1.08 billion, subject to customary working capital and indebtedness adjustments. The transaction is expected... Read more
Foundry › INDIA BECOMES WORLD’S SECOND LARGEST CASTINGS PRODUCER
India is going places. Four days after the news that the country had overtaken Japan to become the world's second largest crude steel manufacturer, there’s some more news about the country's growing production numbers.
India has now overtaken the United... Read more
Steel › Brazil's Usiminas plans to raise steel prices, reopens furnace
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA reactivated a blast furnace on Tuesday and announced plans to raise domestic steel prices in June, but executives warned that new investment would depend upon political developments.
Shares of the company, known... Read more
Steel › CISA CONF 2018: Seven things we learned about China steel up to 2020
Metal Bulletin looks at seven key things discussed in Xi’an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the... Read more
Steel › China steel capacity replacements continue in 2018 with more electric arc furnaces
China granted approvals for the installation of new steelmaking facilities with a capacity of 149.8 million mt a year between the start of 2017 and April 2018, predicated on the closure of 169.7 million mt/year as part of its capacity... Read more
