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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


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,


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


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:


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 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


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,


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


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


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


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