Mr Khalid Khalifa Al Mualla United Arab Emirates ambassador to Turkey said that he is happy to see Turkey renew focus on relations with Arab countries in the Middle East especially with his own country while disagreeing with claims that boosting relations with the East means Turkey was moving away from Europe. Mr Al Mualla emphasized that he is pretty much occupied with promoting business deals between the…

PTI reported that Indian aluminium prices softened by 0.24% to INR 103.20 per kilogram in futures market as speculators reduced their positions in line with a weak trend at the London Metal Exchange. At the Multi Commodity Exchange platform, aluminium for September month lost 25 paise or 0.24% to INR 103.20 per kilogram in a business turnover of 5 lots. The metal for delivery in October also shed INR 0.20…

ET reported that Nippon Steel Corporation and TATA Steel Limited are in talks to set up a blast furnace facility in India through a JV. The proposed furnace, to be set up with an estimated investment of JPY 200 to JPY 300 billion and with a production capacity of 3 million tonnes a year, is expected to start production in 2013. Nippon steel is eyeing the venture to increase its production in India and other…

GE and Harbin Electric Machinery Co Ltd (HEC) have set up a joint venture (JV) to manufacture and supply wind turbines to customers in China. China, with its US$13 billion wind industry is already the world’s largest wind turbine sales area, and is forecasted to grow another 500% from 25 GW installed in 2009 to 150 GW by 2020. China’s electricity demands are growing 12% per year. Ricardo Cordoba, President…

It is reported that 95% of steelmakers in Hebei province has resumed production recently, while a few days ago the switching off power campaign was ongoing there. The market performance showed the limited impact of production and electricity limit activity on correlation of supply and demand. The sharp rising steel price by previous stimulus of production limit has dropped over half months which forced…

Hungary has declared a state of emergency after a flood of toxic sludge escaped from a factory killing at least three people, wounding 120 and threatening the country with "an ecological catastrophe". The wave of toxins flooded three villages about 100 miles southwest of Budapest after the walls of a residue reservoir at an aluminium plant in the town of Ajka ruptured, releasing an estimated 38.8 million…

* 3.0 litre V6 diesel engine with Compacted Graphite Iron cylinder block and bedplate * Cylinder block production underway at the Tupy foundry in Brazil * Engine to be available in 2011 Model Year vehicles in Europe Independent engine manufacturer, VM Motori SpA of Italy has awarded the Tupy foundry of Brazil, the world's leading CGI producer, a series production contract for the cylinder block and bedplate…

A new report from IFC, a member of the World Bank Group, reveals that Russia's iron and steel foundry industry could save up to $3.3 billion annually and reduce reveals that Russia's iron and steel foundry industry could save up to $ 3.3 billion annually and reduce greenhouse gas emissions of carbon dioxide by 4.5 million tons a year by matching European Union greenhouse gas emissions of carbon dioxide by…

Neben einem verbesserten Fahrverhalten sinkt dadurch auch der Kraftstoffverbrauch Deshalb geht es nun auch den Rädern ans Gewicht: Den Prototyp eines extrem leichten Autorades aus dem faserverstärkten Kunststoff haben nun sechs deutsche Fraunhofer-Institute gemeinsam entwickelt. Der überwiegend aus anorganischen Bestandteilen bestehende Verbundwerkstoff SMC (Sheet Moulding Compund) wird derzeit bereits für…

French carmaker PSA PeugeotCitroen and U.S. counterpart Ford on Wednesday said they woulddevelop a range of diesel engines to comply with new EUregulations, strengthening their existing partnership. The two groups will invest around 300 million euros ($404million) in diesel engines compatible with Euro-6 for use incommercial vehicles and cars, they said in a joint statement onthe eve of the Paris Auto Show.…