Japan's leading auto components company Aisin Seiki has proposed to set up a manufacturing facility at Industrial Model Township at Rohtak in Haryana over an area of 30 acres, with an investment of INR 406 crore. Mr Masuji Arai executive VP of Aisin Seiki Co Ltd after a meeting with Haryana chief minister Mr Bhupinder Singh Hooda on the concluding day of the India Japan Global Partnership Summit in Tokyo…

According to Japan Die Casting Association's latest outlook report, Japan's die cast aluminium products output over April 2009 to March 2010 is expected to fall by 25.8% YoY. The association conducted a survey on the 2009-2010 outlook among 193 die casters in the country and forecast that production would fall by 25.8% YoY to 662,350 tonnes. In the first half of the year, output is estimated to fall by…

Mitsubishi Heavy Industries Limited has developed a special heavy duty forklift featuring a cabin that shields against radiation, for safer handling of contaminated rubble near the Fukushima Daiichi Nuclear Power Station operated by Tokyo Electric Power Company, Incorporated. Two units of the forklift are to be delivered to a JV formed by Taisei Corporation, Kajima Corporation and Shimizu Corporation that…

Xinhua reported that production at a Nissan Motor plant in China dwindled dramatically two weeks after Japan earthquake and tsunami disrupted the supply of key auto parts. Workers at a Dongfeng Nissan plant in central China Hubei Province told reporters that Saturday production level at the assembly workshop dropped to less than one third of the normal level. A worker who declined to give his name said "We…

JMB reported that Japanese ferrous scrap export contract price to South Korea reached JPY 32,500 to JPY 33,000 per tonne FOB for H2 grade. The export price had decreased by JPY 1,000 to JPY 1,500 to JPY 31,500 to JPY 32,000 FOB in late December 2011 as compared with the recent peak level. The price rebounded when some of South Korean electric furnace steel makers moved to procure Japanese ferrous scrap…

JMB reported that Japanese ferrous scrap market price shows sign to hit bottom recently. Steel makers' scrap purchase price around Osaka increased for the first time in near 2 months when local integrated steel and special steel plants keep high level consumption while the price didn't increase in other areas. A yard dealer source sees the better market is partly due to lower dealers' inventory under…

Japan Metal Bulletin reported that Japanese ferrous scrap price decreased for 4 weeks in a row when the supply gets loose under low level operation rate by local electric furnace steel makers around Tokyo after the major earthquake. Japanese automakers' production cut also impacts on steel makers operation. The lower automobile production reduces the scrap generation mainly for new cutting grade. Electric…

JMB reported that Japanese ferrous scrap market price is peaking recently. Japanese industry interests concern the export for East Asia, which lifted domestic market price, when the buyers in China and South Korea could reduce higher priced Japanese scrap while the domestic demand improves due to restarting purchase by integrated steel makers and higher consumption by electric furnace steel makers.

JMB reported that Japanese ferrous scrap market price stagnates in Tokyo and Osaka when the price keeps the level for 2 weeks. The positive sign is recovering market price in Asia while the domestic market is uncertain with potential drop for steel price and major raw steel production cut.

Japan Metal Bulletin reported that Japanese secondary alloyed aluminum makers are apparently concluding after transaction price negotiation with the users for January shipment to increase by JPY 20 per kilogram to JPY 25 per kilogram under higher scrap market. The price increases to more than JPY 200 and reaches JPY 215 to JPY 220 for AUD 12.1 grade in small lot transaction. The price could increase more…