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Pemamek's Pema FMS made for heavy steel manufacturing
Tue, 06 Dec 2022 14:41:00 GMT
Pemamek LLC has introduced the Pema Flexible Manufacturing System, which enables unattended, reactive, and flexible heavy steel
https://www.thefabricator.com/thefabricator/product/shopmanagement/pemameks-pema-fms-made-for-heavy-steel-manufacturing


GIM to upgrade existing factory in Indiana
Tue, 06 Dec 2022 11:23:00 GMT
GIM Inc., a producer of steel and composite materials based in Louisville, Ky., has announced plans to invest more than $18 million to upgrade an existing factory in Scottsburg,
https://www.thefabricator.com/thefabricator/news/shopmanagement/gim-to-upgrade-existing-factory-in-indiana


Hercules automated GMAW system from Miller Electric provides ...
Tue, 06 Dec 2022 08:35:00 GMT
Miller Electric Mfg. LLC, Hobart Filler Metals, and Tregaskiss have announced the release of the Hercules single-wire, high-deposition, automated GMAW
https://www.thefabricator.com/thewelder/product/arcwelding/hercules-automated-gmaw-system-from-miller-electric-provides-high-deposition-rates


Fortescue's Green Unit on Investment Prospects & Demand
Tue, 06 Dec 2022 05:28:00 GMT
Mark Hutchinson, chief executive officer of Fortescue Future Industries, the clean energy arm of Fortescue Metals Group, discusses the demand for green investments and the prospect of securing project finance. He speaks with Bloomberg's Haslinda Amin and Rishaad Salamat on Bloomberg Markets:
https://finance.yahoo.com/video/fortescues-green-unit-investment-prospects-052800679.html?.tsrc=rss


Iron ores rout to continue until China recovers
Tue, 06 Dec 2022 00:00:00 GMT
Gloomy demand outlook Iron ore prices have roughly halved from their year-to-date high of US$171/t seen back in March to as low as $81/t recently almost its lowest since early 2020. Futures in Singapore have fallen for seven consecutive months, the worst run since the contract debuted in 2013. Chinas attempts to crush outbreaks of Covid-19 have seen tough restrictions, which have not been supportive of the countrys property market, the main driver of iron ore demand. China alone accounts
https://www.hellenicshippingnews.com/iron-ores-rout-to-continue-until-china-recovers/


Iron ore futures rise on easing COVID curbs in Chinese cities
Tue, 06 Dec 2022 00:00:00 GMT
Iron ore futures gained on Monday as hopes of better demand rose after more cities in top steelmaker China eased strict COVID-19 restrictions over the weekend. The most-traded January iron ore on Chinas Dalian Commodity Exchange ended day-time trade 2.4% higher at 795.5 yuan ($114.41) a tonne, after rising 4.1% in early trade to hit its highest since June 16. On the Singapore Exchange, the benchmark December iron ore was up 2.0% at $108.70 a tonne, as of 0705 GMT. Beijing residents on
https://www.hellenicshippingnews.com/iron-ore-futures-rise-on-easing-covid-curbs-in-chinese-cities/


Metal Trades to expand in South Carolina
Mon, 05 Dec 2022 11:41:00 GMT
Metal Trades Inc., Columbia, S.C., a family-owned steel and metal manufacturer, has announced plans to expand its operations with construction of a new facility on its existing campus in Meggett,
https://www.thefabricator.com/thefabricator/news/metalsmaterials/metal-trades-to-expand-in-south-carolina


Iron ore shrugs off China COVID woes, focuses on stimulus
Mon, 05 Dec 2022 00:00:00 GMT
The iron ore market is choosing to focus on Chinas efforts to stimulate its property sector, rather than on rising concerns over the potential economic fallout from surging COVID-19 cases and public anger at efforts to contain outbreaks. The spot price of benchmark 62% iron ore for delivery to north China MTIOQIN62=ARG, as assessed by commodity price reporting agency Argus, dipped slightly on Monday to end at $98.60 a tonne from the previous close of $99.25. The small drop was matched by
https://www.hellenicshippingnews.com/iron-ore-shrugs-off-china-covid-woes-focuses-on-stimulus/


European HRC prices believed to have reached bottom; market expects ...
Mon, 05 Dec 2022 00:00:00 GMT
European hot-rolled coil prices were largely unchanged on Friday December 2, with market participants believing the bottom of the market had been reached, Fastmarkets heard. Fastmarkets calculated its daily steel HRC index, domestic, exw Northern Europe at 618.75 ($647.70) per tonne on Friday, up by 2.08 per tonne from 616.67 per tonne the previous
https://eurometal.net/european-hrc-prices-believed-to-have-reached-bottom-market-expects-increase-announcements/


These 2 stocks will benefit from steel export duty rollback
Mon, 05 Dec 2022 00:00:00 GMT
Depressed global prices will limit export duty cut benefits to domestic steel players. Elsewhere, the prospects of iron-ore producers are set to
https://economictimes.indiatimes.com/wealth/invest/these-2-stocks-will-benefit-from-steel-export-duty-rollback/articleshow/95954558.cms


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Gerdau improves sustainability in the scrap supply chain
Fri, 02 Dec 2022 14:57:46 GMT
The post Gerdau improves sustainability in the scrap supply chain appeared first on World Steel Association.org.


Alacero points to shrinking steel sector outlook, driven by global ...
Mon, 21 Nov 2022 00:00:00 GMT
Data from Alacero, the Latin American Steel Association, shows that the growth outlook for the sector in Latin America for late 2022 and early 2023 is moderate, given the context of global inflation and contractionary monetary policy, with banks in Latin America and the United States tightening their monetary policies. The forecast is driven by lower external demand, weakened by high interest rates and falling purchasing power. The world is going through an unprecedented inflationary


EU HRC market demand remains weak, prices stabilize
Fri, 11 Nov 2022 00:00:00 GMT
Domestic prices for hot-rolled coil in the European market remained unchanged Nov. 10 as trading activity remained muted. Platts assessed hot-rolled coil in northwest Europe stable on the day at Eur640/mt ex-works Ruhr. A service center source reported deals and offers at the equivalent of Eur630-640/mt ex-works northern Europe. A German distributor reported deals




Middle East Media Releases



Workers demand state funds to save Acciaierie d'Italia
Thu, 24 Nov 2022 00:00:00 GMT
The plants of Acciaierie dItalia (ADI), formerly known as Ilva, have been engulfed in another workers strike this week. On 21 November, workers in Taranto went on strike for 24 hours and are planning more action to protest against the perceived lack of government support for the steelmaking joint venture. They are calling for


European Commission opens investigation into bulb flats
Fri, 18 Nov 2022 00:00:00 GMT
The European Commission has opened an anti-dumping investigation into imports of bulb flat bars from China and Turkey. The investigation was anticipated by a letter sent to interested parties, including the Turkish Steel Producers Association, TCUD. The HS code of the product in question is 7216.50.91. The complaint was lodged by Spanish steelmaker Laminados


Tenaris forecasts higher Q4 shipments on pipeline projects
Mon, 07 Nov 2022 00:00:00 GMT
European seamless steel tube producer Tenaris expects higher shipments in the fourth quarter, driven by pipeline projects and additional pricing gains that will also increase sales. Overall, the company was advancing pipeline activity to support oil and gas developments, mainly in Argentina and the Middle East, Tenaris said in its Q3 earnings report. Drilling




Asia Pacific Industry Headlines



Iron ores rout to continue until China recovers
Tue, 06 Dec 2022 00:00:00 GMT
Gloomy demand outlook Iron ore prices have roughly halved from their year-to-date high of US$171/t seen back in March to as low as $81/t recently almost its lowest since early 2020. Futures in Singapore have fallen for seven consecutive months, the worst run since the contract debuted in 2013. Chinas attempts to crush outbreaks of Covid-19 have seen tough restrictions, which have not been supportive of the countrys property market, the main driver of iron ore demand. China alone accounts


Iron ore shrugs off China COVID woes, focuses on stimulus
Mon, 05 Dec 2022 00:00:00 GMT
The iron ore market is choosing to focus on Chinas efforts to stimulate its property sector, rather than on rising concerns over the potential economic fallout from surging COVID-19 cases and public anger at efforts to contain outbreaks. The spot price of benchmark 62% iron ore for delivery to north China MTIOQIN62=ARG, as assessed by commodity price reporting agency Argus, dipped slightly on Monday to end at $98.60 a tonne from the previous close of $99.25. The small drop was matched by


Chinas 2023 iron ore output seen higher as new projects come ...
Sat, 03 Dec 2022 00:00:00 GMT
Chinas iron ore output in 2023 is expected to rise 3.5% from the previous year to 238 million mt as miners commission new production capacity, an analyst with investment bank Orient Securities said Nov. 29, in a development that could help slightly cut back the countrys huge iron ore purchases in the longer term. Miners faced challenges during 2021-2022 as new projects got delayed due to the pandemic and on strict mining safety measures that capped Chinese iron ore output growth, according







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