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China’s 2020 pig iron output up 4.3% on year
China’s total pig iron output in 2020 reached an all-time high of 887.5 million tonnes, higher by 4.3% on year, new data from the country’s National Bureau of Statistics (NBS) published on January 18 showed.
Though the growth in pig... Read more
Automotive › 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
