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Bulk Buys: Iron ore hits astonishing $US230/t, upside remains

Iron ore hit a heady $US230/t yesterday and, in the process, blew every expert forecast out of the water. China loves a whinge, but right now they need our iron ore to feed their ravenous construction and manufacturing sectors. Importantly,... Read more

Steel › China to strictly manage steel smelting in effort to achieve carbon neutrality goal

The National Development and Reform Commission (NDRC) released an official report on Thursday targeting steel smelting projects in an effort to push the steel industry to achieve carbon neutrality and promote green, low-carbon and high-quality development. The construction of steel... Read more

Steel › COMMENT: China's new ferrous tax regime to kickstart new era of steel

China's new tax regime for ferrous raw materials and steel exports will kick off a new era for the steel sector, one in which demand and supply will become more balanced and the country cuts its dependency on iron ore... Read more

Foundry › ASSOFOND: «"POSITIVE TREND, BUT RAW MATERIALS AND THE JOBS JEOPARDIZE RECOVERY IN THE ITALIAN FOUNDRY INDUSTRY"

THE COSTS OF RAW MATERIALS ARE SKYROCKETING WITH CONCRETE SUPPLY DIFFICULTIES ALMOST ALL COMPANIES WANT TO HIRE BUT CANNOT FIND QUALIFIED EMPLOYEES Milan, April 2021 - «We could say we are confident, if there weren't two problems as big as ... Read more

Steel › China cancels export rebates for most steel products and removes import duties on pig iron

The Ministry of Finance of China announced on 28 April that some steel products will see their export tax rebates canceled from 1 May. Most of these products were enjoying a full rebate of China's 13% VAT on export. At... Read more

Foundry › FRAUNHOFER IFAM EXPANDS ITS RANGE OF SERVICES AND EXPERTISE IN LOW-PRESSURE DIE CASTING FOR APPLIED RESEARCH

The low-pressure die casting process (LP casting for short) enables the production of high-quality castings with outstanding mechanical properties, especially using the light metal aluminum. Low-pressure die casting is preferably used for the production of solid castings with thick walls.... Read more

Technology › Tesla creates new team to accelerate use of new materials in its products

esla is creating a new team to accelerate the use of new materials in its products and processes. This new move aims to capitalize on Tesla’s longtime focus on new materials science. For the last five years, Elon Musk has... Read more

Technology › USA Rare Earth: supplying critical minerals for the green technology revolution

Rare earth elements are essential building blocks in the technologies driving the 21st century, ranging from electric vehicles and other renewable energy applications to communications and consumer products, advanced medical devices, and the major weapons platforms required for defence and... Read more

Foundry › USA: VICTAULIC ACQUIRES WAUPACA FACILITY IN PENNSYLVANIA

Victaulic (Easton, Pennsylvania), a global manufacturer of mechanical pipe joining, fire protection and flow control solutions has purchased a 220,000-sq.-ft Waupaca manufacturing plant in Lawrenceville, Pennsylvania. When operating at full capacity, the facility will increase Victaulic’s foundry production capacity by... Read more

Foundry › Clariant & World Foundry Organization confirm on-going partnership to support sustainable future for global cast metal industry

  Clariant continues WFO Lifetime Legacy Sponsorship Collaboration promotes solutions for more efficient sand casting operations and a reduced environmental impact     Munich, April 22, 2021 – Clariant has cemented its on-going collaboration with the World Foundry Organization to support the environmental... Read more

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