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…

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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…

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A single blockchain-based industrial register of certificates will fight against falsification on the Russian metal products market

Within the framework of the 4th International Mining and Metallurgical Summit SAP, an initiative was announced to create a unified industry register of blockchain-based certificates of metal products. The idea was supported by Russian metallurgical companies Severstal, Zagorsk Pipe Plant, as well as industry associations. The system can be launched as early as next year…

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Russian Steel Congress on Industrial Safety & Environmental Protection Takes Place at Metaloinvest EMK

OEMK hosted the Second Congress of the Russian Steel Association on labour protection, industrial and environment safety, entitled Russian Steel: Safe and Green Steelmaking. Congress participants included representatives of the World Steel Association and the largest Russian companies in the steelmaking industry and other sectors of the economy: Gazprom Neft, EVRAZ, Metalloinvest, Mechel, MMK, NLMK…

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GERMANY FERROUS SCRAP: Domestic prices fall in Sept on poor finished steel demand, lower int’l market

Steelmakers in Germany have settled their monthly scrap contracts for September at prices that were down by an average of €25 ($28) per tonne from last month, sources told Fastmarkets on Friday September 13. Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill Germany, was at €225-235 per…

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MMK Continues Robotisation of Business Processes

As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works, MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation. The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by reducing the…

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