Ruukki has joined Cleantech Finland, which represents clean technology companies. Ruukki's membership supports the company's goal to develop increasingly more energy-efficient products and solutions for its customers. Growing interest in green technology is reflected in Ruukki's business, especially in construction, the lifting, handling and transportation equipment industry and in the wind power industry.…

India is expected to emerge as the third largest consumer of steel in 2011, after China and the United States, buoyed by a focus on building infrastructure and strong growth in the automobile and consumer goods sectors. Demand in India will rise 13.6% in 2011 to 68 million tonnes, the World Steel Association predicted in October. Growth in global steel demand, however, is likely to slow to 5.3% in the year,…

Bloomberg reported that Fuji Heavy Industries Ltd, the maker of Subaru brand cars is likely to begin production of cars in China in the year starting April 1 2012 to meet demand in the world fastest growing major economy. Mr Ikuo Mori President of Fuji Heavy said the automaker will target annual sales of 100,000 units in the country where industry wide demand for cars may jump to 20 million units in 2011…

On December 13th 2010, Baosteel has released the futures price of carbon steel plate of January 2011, and according to the latest pricing policy, the prices before tax of hot rolled coil, commercial cold rolled coil, electricity steel, wide and heavy plate are all increased by CNY 100 per tonne to CNY 300 per tonne. Analysts have told the reporter that the reasons for BaoSteel’s raising steel prices include…

Successful cooperation is what unites us with our customers. The result is company processes which are structured so efficiently that economic success can be planned. Managing Partners: Joachim Pacyna and Ronald Kreft We succeed by working closely together, utilising precise analyses and well-founded consultation procedures which take up specific customer wishes and implement them appropriately. It is our…

Downsizing, down-speeding, hybrid and electric drives are some of the technologies to reduce CO2 emissions in the automotive industry. It is interesting to note what impact this will have in terms of opportunities and challenges for the casting industry. Here we look at the possible effects for three main product segments - chassis, drive, and bodywork. In accordance with studies, 30% of the CO2 emissions…

Producers urge ITC to end AD orders on Chinese , Russian metal U.S. producers of magnesium diecastings recently joined other manufacturers of alloy magnesium products to petition the U.S. International Trade Commission to end antidumping duty orders on magnesium. The ITC is a U.S. Commerce Dept. panel that sets tariff on imports and determines penalties for import violators. The panel is in the midst of a…

It is reported that companies from Europe, Japan and South Korea have shown interest in building integrated steel plants at the proposed heavy industrial park at Bagan Datoh in Perak, which could generate total foreign investments of MYR 27 billion. Mr Raymond Chong Thin Choy MD of KYM Holdings Bhd said that companies from the three countries were still considering the possibility of setting up their plants…

Mr Michael Oppenheimer president of the British Metals Recycling Association said that Potential difficulties faced by the construction and automotive sectors next year as a result of cuts in both public and consumer spending will make 2011 an uncertain year for the UK metals recycling sector. He claimed that environmental policy at a European level could increase the sector's regulatory burden. Given the…

REpower Systems in which Suzlon Energy is a majority shareholder with over 90% holding has concluded a contract for the delivery of 25 wind turbines with EverPower Wind Holdings with an option to purchase an additional 85 units. The REpower MM92 turbines, each with a rated power of 2.05 megawatts and a hub height of 80 metres are destined for EverPower`s development projects located across the US states of…