Chinese carmaker Chery Automobile has started the construction of a foundry plant of engine blocks with an investment of more than 2 billion yuan (286 million U.S. dollars) to meet its demand of car production. The foundry plant, covering an area of 214,300 square meters, will also make crankshafts, exhausts and other parts, according to Chery officials. The project's first phase will be completed at the…

Xinhua quoted Mr Fernando Pimentel Brazilian Industry Minister as saying that Chinese carmakers JAC and Chery will open factories in Brazil. JAC's plant will be in Camacari in the northeastern state of Bahia and construction will start on November 28th 2012. The plant is to be operational by late 2014. Chery's factory will be in Jacarei in Sao Paulo. Also, Brazil announced a new program that gives four year…

According to Mr Kang Zhiqian deputy secretary general of China Construction Machinery Association, the excavator sales volume of China's main construction machinery enterprises in April 2011 stood at about 20,000 sets, down by 50% MoM from March 2011. In addition, the sales volume of loaders and bulldozers also saw sharp drops in April, with that of loaders plunging 30% MoM, the largest drop since April…

Bloomberg reported that copper imports by China rose for the first time in 3 months in June as buying from overseas became profitable and supply tightened after consumers drained local stockpiles in the world’s largest consumer. The General Administration of Customs said that inbound shipments gained 10% to 280,009 tonnes compared with 254,738 tonnes in May. Imports were 15% lower than 328,231 tonnes a year…

Chinese National Bureau of Statistics announced that China’s crude steel output in October 2009 reached 51.75 million tonnes up by 42% YoY by up by only 2% MoM as compared to September 2009 figures of 50.71 million tonnes. Chinese crude steel output in the January to October 2009 period rose by 10.5% YoY to 472.47 million tonnes.

According to the latest surveyed statistics disclosed from CISA, in late March China crude steel output was arriving at 1.92 million tonnes per day, a small decline of 1.16% from the 1.94 million tonnes in mid March and the averaged figure of 76 key steel enterprises at 1.62 million tonnes per day down by 0.62% from the 1.62 million tonnes in mid March. As per report, the averaged figure of 1.91 million…

The steel price rebounded in China since the end of October and the total increase so far is about 8%. It is predicted that the rebound may continue for a while as the mail reasons behind it are the strengthened demand and increasing costs. 1 Demand strengthening The downstream industries are increasing the investment and thus acquiring more steel products. The apparent consumption of steel products…

To emphasize the longterm friendship between China Die Casting Web and Foundry-Planet organizer Mr. Zhou Shaojie (Jeff Zhou) Brought along 25 attendes from the Chinese Die Casting industry to Foundry-Planet's base in Füssen in Bavaria. On their way to GIFA the delegation was already visiting supplier companies in Switzerland and South Germany as well as cultural Highlights like a visit of the famous…

Being stimulated by the provisional active demand for ferroalloys from domestic market, prices of Chinese ferroalloys were once offered at higher levels since the end of last year but, at present time when it has passed one month after Lunar New Year was over, these risen prices of Chinese ferroalloys have finally turned to fall into a slump. In view of the fact that market price of manganese ore as raw…

It is reported that domestic SiMn alloy price stalls with tight spot supply and low purchases. Imported Mn ore still goes dull while export remains slim. Current FeMn65Si17 is priced at CNY 6550 per tonne to CNY 7050 per tonne and FeMn60Si14 at CNY 5300 per tonne to CNY 5900 per tonne while FOB quotation stays at USD 1000 per tonne to CNY 1150 per tonne. At present, most SiMn plants stay at maintenance with…