The week gone by witnessed another bloodbath on Dalal Street taking along with it all the heavyweights like Reliance Industries, whose AGM effect withered away in no time. Strong bastions such as ICICI Bank, Bajaj Finance and the like also witnessed heavy selling, but by the close of the week, a smart recovery in broader…
Parts additively manufactured with AF-9628, an Air Force steel, are about 20% stronger than conventional AM alloys, in terms of ultimate tensile strength, according to research conducted by Capt. Erin Hager, an Air Force Research Laboratory employee and recent graduate of the Air Force Institute of Technology’s Aerospace Engineering Program. AF-9628 is a steel alloy…
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil dropped over the past week, largely due to limited buying interest arising from heightened trade tensions between China and the United States, market sources told Fastmarkets. The Chinese currency passed the 7-yuan per $1 threshold earlier this month after US president Donald Trump announced plans to…
Stoilensky, part of NLMK Group, has produced its fifteen-millionth tonne of pellets since the launch of its pelletizing plant. Launched in November 2016, the pelletizing plant has a design capacity of 6 million tonnes of pellets per year. In 2018, the plant reached the production capacity of 6.7 million tonnes of pellets (+12% yoy). In…
President Trump expressed his support of fracking and tariffs and his admiration of Western Pennsylvania’s steel legacy during a visit Tuesday to the ethane-cracking facility being built in Beaver County. In an hour-long speech to more than 2,000 workers at the Royal Dutch Shell plant in Potter Township — miles away from about 200 protesters…
Mumbai|New Delhi: Automobile industry captains have welcomed the sops announced by finance minister Nirmala Sitharaman on Friday to revive the sector that is going through its worst sales decline in almost two decades. “The government has done the maximum it could have to revive demand,” said RC Bhargava, chairman of Maruti Suzuki, the country’s largest…
Magnitogorsk Iron and Steel Works was awarded a certificate by the United Nations Industrial Development Organisation for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its ‘Energy Management of Industrial Enterprises’ program. The UN experts praised MMK’s efforts to reduce and prevent anthropogenic…
Domestic prices for hollow steel sections remained unchanged across Europe this week, with trading largely on hold during the traditional summer break, sources told Fastmarkets on Wednesday August 14. Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, stayed at €615-630 ($688-705) per tonne on Wednesday. During August, many workers take holidays and mills…