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Iron ore price poised to hit $150 in 2024 on Chinese stimulus, analysts say
Seaborne iron ore prices are set to climb to as much as $150 per ton in the first half of 2024, according to analysts who have lifted their estimates on expectations of increased demand in China after recent stimulus measures.The... Read more
Foundry › Innovative technologies
ew materials and innovative production technologies complement the established sectors within the metal industries. Of key importance is the digitalisation of the process chain. Almost an ideal model for complete digital production from design on screen to the finished part,... Read more
Iron Ore, Copper › Iron ore price and copper will go higher than expected, says Citi
The broker says Chinese government fiscal stimulus will be bigger and more imminent than first thought.The iron ore price will go to US$140 per tonne and the copper price will rise to US$8,600 per tonne, according to the upgraded three-month... Read more
Foundry › USA - CHARLOTTE PIPE AND FOUNDRY OPENS NEW $460 MILLION STATE-OF-THE-ART FOUNDRY IN OAKBORO
Charlotte Pipe and Foundry Company, the nation’s leading maker of cast iron and plastic pipe and fittings for plumbing applications, today held its grand opening of a new $460 million state-of-the-art foundry in Oakboro, North Carolina. Charlotte Pipe’s new foundry... Read more
Economy › German producer price index slides for fourth consecutive month
The German producer price index slides for fourth month in a row on the back of shrinking energy and metal prices.Germany’s producer price index for October slid 11% year-on-year, as expected by analysts, further extending September 14.7% decline. This was the... Read more
Pig iron › Brazil’s pig iron exports grow in Oct m-o-m
According to Brazilian customs statistics, Brazil’s pig iron exports amounted to around 480,000 tons in October this year, growing by 90.5% compared to the previous month.During the period, the exports were mostly to the US, Europe, and South America, with... Read more
Foundry › Refractory Innovations Propel Indian Ironmaking
Synopsis:RHI Magnesita has launched a new business vertical aimed at supporting the Indian iron making industry. Announced at a conference in Kolkata, this move is aligned with the growth of India's DRI and pellet making capacities and aims to address... Read more
Foundry › Germany - World-leading trade fair quartet welcomes the international foundry and metallurgical industries to Düsseldorf again in 2027
The new dates for the GIFA, METEC, THERMPROCESS and NEWCAST trade fairs have been set. The leading international trade fairs of the industry will present themselves at the Düsseldorf Exhibition Centre from 21 to 25 June 2027. Commenting on this,... Read more
Foundry › Mexico City GP: Brembo Details Brake Challenges
As the Formula 1 caravan shifts 1,200 km south from Austin to Mexico City, the Autódromo Hermanos Rodríguez prepares to host its 23rd Grand Prix event from October 27 to 29. The circuit, named in honor of the iconic Rodriguez... Read more
Foundry › USA - Charlotte Pipe and Foundry opens new $460 million foundry in Oakboro, North Carolina
Charlotte Pipe and Foundry Company held its grand opening of a new $460 million state-of-the-art foundry in Oakboro, North Carolina. Charlotte Pipe’s new foundry is situated on 700 acres in Stanly County, about 35 miles east of the cast iron... Read more
