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Chinese Firms Must Adapt To New Iron Ore Pricing System -Executive
BEIJING -(Dow Jones)- China's industry participants and financial institutions should study building up a domestic iron ore futures market as part of the effort to adapt to the new quarterly pricing mechanism for the raw material, Feng Guiquan, vice president... Read more
Environment › USA: Major OSHA Reform on Horizon.
Legislation representing the most sweeping changes to the Occupational Safety and Health Act since the 1970s is advancing through Congress. The bill, the Robert C. Byrd Miner Safety and Health Act of 2010 (H.R. 5664/S. 3671), would significantly increase employer... Read more
Iron Ore › Iron Ore, Coal Prices to Post First Fall This Year.
Coking coal and iron ore sold by BHP Billiton Ltd. and Rio Tinto Group, will post the first price decline in three quarters as steelmakers cut orders on weaker demand from automakers and builders in China.
Contract prices for iron... Read more
Environment › AFS opposes EPA Greenhouse Regulation.
The American Foundry Society (AFS) sent a letter on May 19 in support of a congressional resolution which opposes regulation of greenhouse gases by the U.S. Environmental Protection Agency (EPA).Fifty-two of the society’s corporate members also signed the letter.
AFS... Read more
Aluminum › Aluminum Association in China.
Aluminum Association works with industry to encourage PFC reductions in China.
More Chinese smelters and the aluminum industry in India are showing interest in PFC reductions, says Aluminum Association’s sustainability specialist Marshall Wang. Wang attended the Vancouver Task Force meetings on aluminium,... Read more
Foundry › Full of Eastern promise.
The Inductotherm Furnace Group has received an order for six 30 ton steel capacity coreless induction furnaces, each with an 18,500 kW VIP® power supply from a customer in the Middle East. When all the furnaces are on full power... Read more
