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Iron Ore Faces Supply Problem in Brazil, Rising Demand in China

RIO DE JANEIRO, BRAZIL - Brazil again plays a key role in setting the direction of global iron ore prices, since the country, the second-largest global producer, accounts for a significant share of supply. But as soon as the supply... Read more

Steel › SMC Power acquires Concast’s steel units in largest liquidation deal

MUMBAI: Noida-based SMC Power Generation has acquired the main steel mill and power plant of Concast Steel and Power Ltd in a liquidation process, according to several people Mint spoke to. With ₹300 crore offered as upfront cash to lenders,... Read more

Fairs and Events › INTERNATIONAL METAL TECHNOLOGY INDONESIA (IMT) postponed to 18 – 20 March 2021

In light of the covid-19 pandemic situation, PT Pelita Promo Internusa (PPI) has decided on the postponement of International Metal Technology Indonesia (IMT) Indonesia. Earlier scheduled to take place from the 14 to 16 October 2020, the exhibition will now... Read more

Steel › China’s steel output hits new record high in May

China's crude steel output hit a new record high in May as construction and manufacturing demand ramped up after Covid-19 lockdowns ended. Crude steel output totalled 92.27mn t last month, up by 8.5pc from April and higher by 4.2pc from... Read more

Automotive › Ford restarts all its operations south of the border, FCA adds shifts

Ford Motor Co. has restarted its plants in Mexico after weeks of shutdown due to the coronavirus, it said Monday.  The automaker offered little detail on exactly when it restarted its four plants in Mexico or how many shifts it... Read more

Economy › OPINION: Brazil’s ‘dirty list’ is key to stopping slave labor. But it is being undermined

Since 1995, almost 55 thousand people have been rescued from modern slavery by Brazilian government labor inspection teams while working in cattle, soy, cotton, coffee, orange, potato and sugar cane farms, but also in charcoal production areas, brothels, construction sites,... Read more

Foundry › USA - Waupaca Foundry plant in Tioga County PA to permanently close

LAWRENCEVILLE, PA. (WENY) – Waupaca Foundry announced it will close its ductile iron foundry plant in Tioga County, Pennsylvania in early August 2020. Officials say the closure is an “alignment of manufacturing operations in the United States and is a... Read more

Foundry › WHB Automotive acquires SinterCast System 4000 process control technology

Purchase option exercised following six-month extended trial CGI series production installation at WHB foundry in Curitiba, Brazil Product development of CGI cylinder blocks and heads underway [Curitiba and Stockholm, 28 May 2020] – Following the conclusion of a comprehensive six-month... Read more

Foundry › FOSECO’S LATEST COATING INNOVATION: SEMCO FD – THE NEW FAST DRY WATERBASED COATING

ALMOST ALL FOUNDRIES SUPPLYING THE AUTOMOTIVE INDUSTRY HAVE NOW SWITCHED TO THE USE OF WATER BASED COATINGS. THIS IS STATE OF THE ART. However, when larger castings are produced in small batches or even single parts, the use of water... Read more

Foundry › 74th World Foundry Congress delayed until 2022

The 74th World Foundry Congress has been postponed until October 2022. The event was due to be held in October of this year in Busan, South Korea, but the organising committee, the Korea Foundry Society and the World Foundry Organization... Read more

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