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Material Matters: Iron Ore, Copper, Coal, Lead & Nickel

Following a significant softening in Chinese demand, Morningstar lowers 2021-24 assumptions for iron ore prices to US$116/tonne from US$133/tonne previously, and feels BHP Group ((BHP)) is the cheapest of the diversified majors.  However, investors are cautioned the current share price... Read more

Foundry › Raw Material and Energy Prices Cause Existential Threat to the European Foundry Industry

Prices for raw materials, energy and logistics have soared on a broad front while an increasing number of input factors is prone to run out of European stocks within the next weeks. Forwarding these unavoidable cost increases is however not... Read more

Foundry › Charter acquires Wisconsin iron foundry

Aarrowcast is now part of Wisconsin-based metals holding company that also operates Charter Steel. Mequon, Wisconsin-based Charter Manufacturing has announced its acquisition of Aarrowcast Inc., a maker of gray and ductile iron castings in Shawano, Wisconsin. Aarowcast, which was privately... Read more

Foundry › FOSECO SHOWCASES NEW TECHNOLOGIES FOR DIE CASTING AT EUROGUSS

OUR RESEARCH AND DEVELOPMENT TEAMS WORK CLOSELY TOGETHER WITH CUSTOMERS IN DEVELOPING NEW APPLICATIONS AND SOLUTIONS. AS A CONSEQUENCE OF THIS PARTNERSHIP APPROACH, FOSECO WILL BE SHOWCASING NEW PRODUCT AND EQUIPMENT TECHNOLOGIES FOR DIE CASTING FOUNDRIES AT EUROGUSS FROM JANUARY... Read more

Foundry › India - 'Raw material prices forcing foundries to shut operations'

Reeling from extreme cost pressures with rise in prices of coal as well as pig iron – a key raw material for manufacturing metal castings, foundries are being forced to curtail or shut production. Estimates by Institute of Indian Foundrymen... Read more

Iron Ore › Iron ore price rebounds despite poor demand outlook

The iron ore price recovered some ground on Wednesday after it fell below $100 per tonne for the first time in nearly a year on Tuesday due to loose supply conditions and poor demand outlook. According to Fastmarkets MB, benchmark... Read more

Steel › Brazil temporary slashes import tariffs on steel products

Brazilian economy ministry has temporary reduced the import tariffs over a variety of steel products, aimed at easing the effects of coronavirus pandemic in the national economy, the ministry said Nov. 5. The measure – valid until Dec. 31, 2022... Read more

Foundry › ASK Chemicals Group completes acquisition of the industrial resin business from SI Group

Hilden, October 31, 2021: ASK Chemicals Group has completed the acquisition ofthe industrial resins business from SI Group (New York, USA). With this transaction,ASK Chemicals Group, headquartered in Hilden near Düsseldorf (Germany), is strengthening its position as a global supplier... Read more

Foundry › What Happens When the World’s Key Metal Exchange Has No Metal?

What happens when the London Metal Exchange runs out of metal? That’s the question the exchange is urgently trying to address for its flagship copper contract, which sets the global price for one of the world’s most important commodities. The... Read more

Iron Ore › Iron ore price down as Beijing moves to cool coal prices

Iron ore prices continued to fall on Thursday as Beijing beefed up measures to cool surging coal prices. The country’s top economic planner held a slew of meetings with key producers and industry associations on Wednesday to discuss measures such... Read more

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