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Iron ore price steels itself above $US55 a tonne
The iron ore price has edged higher, defying yet another forecast for the commodity to come under pressure in the near term. Iron ore inched up 0.2 per cent to $US55.80 overnight, according to The Steel Index, from $US55.70 the... Read more
Foundry › An Iron Giant’s Big Plans
With annual sales approaching $2 billion, Waupaca Foundry is one of the largest metalcasting groups in the world. Focused on the automotive, commercial vehicle, off-highway and other industrial markets, the Wisconsin-based company produces millions of components that keep cars and... Read more
Foundry › Converting A Sand Molding System
Less than five years ago, the mining of olivine sand ceased in the U.S., leaving North American metalcasters looking for alternative sources. Some chose to import olivine sand from Norway, though the increased shipping costs when compared to a domestic... Read more
Alcoa, Pittsburgh, USA, announces a multiyear agreement with Embraer, Sao Paulo, Brazil, in which Alcoa will supply aluminum sheet and plate for Embraer's new E2, the second generation of its E-Jets family of commercial aircraft, a narrow-body medium-range jet airliner.... Read more
Rane (Madras), Chennai, India, is planning to invest $5.8 million into Precision Die Casting, Russellville, Kentucky, which it purchased in February. The investment is expected to preserve 170 jobs at the plant, which is a supplier to the automotive industry.Kentucky... Read more
* Steel futures rebound from moderate fall in morning trade * Steel mills in Tangshan ordered to cut output from July 12 * More output limits in the last week of July SHANGHAI, July 11 Shanghai steel futures recovered from... Read more