New Open-Die Forging Press from SMS Group in Operation at Western Superconducting

Western Superconducting Technologies Co Ltd in Xian in Shaanxi Province of China has successfully put into service a 63/80-MN two-column high-speed push-down open-die forging press supplied by SMS group. The supply also included two integrated railbound 25-ton manipulators and a mobile eight-ton loading and unloading manipulator. The Chinese company is now able to flexibly manufacture…

Low demand, falling scrap prices weigh on US cold-rolled coil, galvanized steel

Cold-rolled and galvanized steel prices in the United States declined over the past week, with weakening end-market demand and September’s ferrous scrap settlement working in tandem to erode spot market prices. Fastmarkets’ weekly price assessments for steel cold-rolled coil, fob mill US, and for steel hot-dipped galvanized (base) steel coil, fob mill US, both decreased to $37…

IN CASE YOU MISSED IT: 5 key stories from September 12

Here are five Fastmarkets MB stories you might have missed on Thursday September 12 that are worth another look. The three-month nickel price on the London Metal Exchange closed lower on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted questions in the market about prospective deliveries into LME warehouses to ease trading conditions.…