TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what it pays for locally available ferrous scrap by a uniform JPY 500 per tonne for all grades at the company's four works and Takamatsu steel center, effective with April 4th 2012 arrivals. As a result, the new delivered prices of No2 HMS are JPY 35,500 per tonne for seaborne arrivals and JPY 35,000 per tonne for…

Essar Steel has commissioned a 6 million tonne per annum pellet making facility in Odisha. This is the first phase of the 12 million tonne per annum pellet plant to be commissioned by 2013. Essar Steel is investing INR 4,200 crore to set up an integarted facility as part of its ongoing investments in the state of Odisha. The integrated facility includes a 12 million tonne per annum iron ore beneficiation…

Xinhua reported that India and Afghanistan Monday signed an agreement for enhancing cooperation in the field of iron and steel. MoU was signed by Indian minister for steel Mr Beni Prasad Verma and Afghan minister for mines Mr Wahidullah Shahrani. Mr Verma, while terming India Afghan relations very old and cordial, said that India would invest in all of Afghanistan's economic sectors, particularly in iron,…

Xinhua quoted according to official figures released by the China Wind Energy Association that China consolidated its position as the world wind power leader in both newly and cumulative installed capacities in 2011. The CWEA says that China had 17.6 GW of wind turbines installed in 2011. Though this was down 6.9% from the previous year, it took China cumulative wind power installed capacity amount to…

Korean companies Posco and STX and Japan’s Marubeni have agreed to acquire a combined 30% stake in Hancock Prospecting’s Roy Hill iron ore project in Western Australia for A$3.5 billion ($3.63 billion), according to a statement released by Marubeni on Friday March 30. Steelmaker Posco, trading company Marubeni and shipping and trading major STX will hold equity interests of 15%, 12.5% and 2.5% respectively,…

Bloomberg reported that the European Union has opened a probe into whether Ukrainian, Turkish and Macedonian exporters of welded tubes, pipes and hollow profiles sell them in the bloc below cost, a practice known as dumping. European Commission said “The investigation will determine whether the shipments from the three countries are being dumped and whether the dumped imports have caused injury to the union…

BS reported that Rail Wheel Factory wheel shop had met the target of 200,000 wheels. The previous best was 196,261 wheels during 2008-09 without annual maintenance. Its Axle Shop achieved an yearly production target of 100,000 axles surpassing the previous best of 88,481 axles with annual maintenance shutdown in 2010-11. The assembly shop pressed 70,000 wheel sets while the previous best was 64,673 in…

Demand for capital goods that continued to be very encouraging was the outstanding feature of METAV 2012. Industrial customers from Germany and Europe met in Düsseldorf from 28 February to 03 March 2012 for the international fair for manufacturing technology and automation. “The message METAV sent was very important”, said Dr Wilfried Schäfer, Executive Director of VDW (German Machine Tool Builders’…

The 70th World Foundry Congress An event you should not miss! Come to our booth and see for yourself the large production programme which is produced by Künkel-Wagner on ultra-modern foundry plants. You will be convinced by the compaction technologies for a cost-effective manufacturing of top quality castings developed by us. The pre-compaction methods AIRPRESSplus2000 and TWINPRESS create the basis for the…

Pierburg and Mikuni now also cooperating in China Pierburg Pump Technology GmbH, Neuss, a subsidiary of the KSPG Group (Rheinmetall Group), has set up together with Mikuni Corp., Tokyo, another joint venture for the Chinese market. Through a jointly held company, Pierburg Mikuni Pump Technology (Shanghai) Corp., a 100-percent subsidiary of the joint venture Pierburg Mikuni Pump Technology Corporation,…