UK based MEPS predicts global steel output at 1625 million tonnes in 2012. This equates to a rise of over 80 million tonnes (5.4%) compared with 2011. The BRIC nations, along with Turkey and the USA, are projected to contribute 85 percent of the growth. Mills in the EU continue to restrict production volumes and this could result in the annual outturn rising by just 1.6%. In the rest of Europe, including…

According to Instituto Aço Brasil, Brazil's raw steel production rose by 2.2% YoY in March 2012 to 3.1 million tonnes, driven by flat steel output. Rolled steel production grew by 3.4% YoY to 2.4 million tonnes. Sales in the Brazilian market rose by 1.5% from March 2011 to 1.9 million tonnes of steel products. The country imported 338,000 tonnes of steel products in March and 996,000 tonnes in the first…

China Knowledge reported that Maanshan Iron & Steel Co Ltd a leading Chinese steelmaker suffered a loss of CNY 468 million in the first quarter of this year whereas it earned CNY 106 million in the same period of 2011. The company said that the huge loss was due to a larger decline in steel prices than the drop in raw material costs. The steel maker realized CNY 19.50 billion in operating revenue in the…

FE Steel announced that its investment partner in group company Guangzhou JFE Steel Sheet Co Ltd has changed from Guangzhou Iron and Steel Enterprises Holdings Ltd. to Guangzhou Steel Sheets Co Ltd. All procedures for the change have been completed. The change has not affected JFE’s investment ratio in GJSS which remains at 50% with Guangzhou Steel Sheets now holding the other 50%. Going forward, GJSS, JFE…

In the heart of Limestone County sits Coolidge, Texas, halfway between Dallas and Houston. This classic American small town is home to another classic, Frazier & Frazier Industries, a ductile and gray iron foundry, established in 1972 by C.W. Frazier as a traditional cope-and-drag sandcasting operation with two squeezers and run today as a formidable shop by Plant Manager Will Frazier. An ISO 9002 Certified…

The week from May 7th to 12th will be dedicated to delve into the iron casting problems. This theme week is the first of a cycle of events during which TEC Eurolab will undertake, stand beside our own customers, in deepening of the specific problems that may occur in Chinese market. The experts of the week, Dr. Gianni Pivetti, and Mr. Alberto Montagnani that, with their thirty years of experience in foundry…

Tebis, a provider of 3D CAD/CAM systems for the model, mould and die manufacturing industries, increased its sales in 2011 by a double-digit percentage. The company generated sales of €40 million worldwide last year, the highest figure in the company’s history. The increase it had enjoyed in the previous year was overshadowed by the growth in 2011. Management cited business in the EU countries and Asia as…

Hot runner supplier Mold-Masters said it has formalized an agreement with the Australian company Ritemp Technologies to secure exclusive global use of Ritemp’s evaporative mould cooling technology in hot runner applications. “Ritemp patented technology intrigued us because it had the potential to provide faster cycle times, with less energy, drastically reduced water usage and completely uniform cooling,”…

Reliance Steel & Aluminum Co announced that it has acquired all the outstanding limited liability company interests of National Specialty Alloys LLC, a global specialty alloy processor and distributor of premium stainless steel and nickel alloy bars and shapes, headquartered in Houston, Texas. Source: Reliance Steel & Aluminum Co

Steel exports from Italy, the European Union's second-biggest producer after Germany, rose 10.9 percent to 1.387 million tonnes in January, while imports dropped 32.5 percent, according to data from industry body Federacciai. Steel imports, about 57 percent of which came from other EU countries in January, fell to 1.063 million tonnes in the first month of 2012, data published on Federacciai's website…