The World Bank increased its lending for large hydropower projects in 2009 at a time when investment fell in many other sectors, says Frost & Sullivan. The lending was a result of a pan-European commitment to generate more electricity from renewable energy sources and to better exploit mature hydropower technology. In addition to creating new growth opportunities, this has had the effect of generating a…

There’s one thing good about an economic slowdown: As growth dissipates, upward pressure on prices often disappears with it. Normally that would be good news for shops still buying metal, but the situation is more complicated than that. Demand for steel in the EU is set to slip at least 1% this year, according to the European Steel Association Eurofer, which estimated a production decline of more than 7% in…

On 7 December, workers will be taking part in strikes and stoppages, demonstrations and assemblies at all ArcelorMittal locations throughout Europe. They will be protesting against the company's current strategy and in favor of alternative solutions that provide guarantees for the future development of the company and jobs. Behind the action stand the 28 European metalworkers' unions with members in…

Due to the current European financial crisis, the local industries were affected dramatically and have cut the output and price of scrap. It is said that the European scrap is quoted at USD 395 to USD 400 per tonne FOB Rotterdam currently. In the Turkish market, European mills offered the new price of USD 420 to USD 425 per tonne FOB for scrap. However, Turkish scrap buyers expect a lower price than the…

UK bases MEPS said that transaction prices for most steel products increased in September in northern Europe. Producers have restricted their output since the onset of the international financial crisis, while stockiest and end users have reduced their inventories to a minimum. Delivery lead times have increased as the steel makers' reduced capacities have become full. MEPS added that "Now, as customers…

BRUSSELS (Belgium) - European steelmakers on Thursday blasted a massive hike in iron ore prices and called on EU regulators to block miner BHP Billiton Ltd's bid for rival Rio Tinto PLC that would shrink the number of major iron producers from three to two. The world's largest iron ore miner, Brazil's Vale, on Monday struck a deal with six Asian steelmakers to raise iron ore prices by 65 percent amid…

- Trade fair EUROGUSS with new exhibitor record - Attractive support program with special shows, - Trade congress and award presentations “Good luck” is the message from 12 to 14 January 2016 at EUROGUSS in Nuremberg. Once again, the international die-casting trade fair has a great deal to offer: the latest technology, processes and products on the exhibition stands presented by total of around 550…

Eurotunnel has inaugurated its 2.5 MW wind farm in Coquelles, France. The wind farm consists of 48 Enercon E 800 kW wind turbines. The wind turbines are 49 m tall and have a sweep surface of 1810 m 2 . Jonathon Porritt, founder of the Forum for the Future, said at the opening ceremony: “Companies that are creative in the use of renewable energy are making a positive commitment to the future of our planet.…

A leading gauge of European industrial health has dropped to its worst level in 37 months, and the July index for German manufacturing fell at the fastest pace in more than three years, according to a poll of European companies. The preliminary results of the July survey of businesses indicate further difficulties for the Eurozone in general, and Germany in particular, according to Chris Williamson, chief…

There has been rapid development in the field of die casting over the past few years, which means in-cell trimming presses have become more and more important. Whereas in the past the die casting process was the crucial factor for possible cycle time, it is currently the trimming process. To ensure the press is no longer “slowing” the cell down, Kurtz is now launching this new development on the market.…