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Itochu to buy 10.74% stake in Brazil's CSN's iron ore unit for $769 million
TOKYO : Japan's Itochu Corp said on Wednesday that it agreed with Brazil's steel company Companhia Siderúrgica Nacional (CSN) to buy a 10.74 per cent stake in CSN's iron ore unit CSN Mineracao (CM) from CSN for about 4.42 billion... Read more
Germany,Steel › Germany increased steel production by 3.9% m/m in September
Pig iron production fell by 7.6% m/m, and rolled iron production increased by 9.7% m/mIn September 2024, German steelmakers increased steel production by 3.9% compared to the previous month to 2.99 million tons. The figure increased by 4.3% compared to... Read more
Grey Iron,USA › USA - Grey Cast Iron Market Shows Stability in USA Amid Fluctuating Raw Material Prices in October
The Grey Cast Iron market in the United States demonstrated remarkable stability during October 2024, despite significant movements in underlying raw material prices. The market for Grey Cast Iron, a crucial material in steel mill operations and manufacturing, has been... Read more
Honda,Aluminum,Electric Vehicle › Megacasting and More: How Honda Will Reduce the Cost of Electric Vehicles
Who needs a gigapress when a megapress will do? Honda's smaller metalworking machine is at the heart of its EV plans.Gigapresses are all the rage for automakers looking to reduce cost and complexity by replacing hundreds of parts with a... Read more
Aluminium,Wisconsin,Foundry › USA - Wisconsin Aluminum Foundry proudly celebrates 115 years of recurrent growth
Wisconsin Aluminium Foundry (WAF) opened its doors in 1909. Back then, it had only three accounts, Wisconsin Motors, Harley Davidson and Evinrude Outboard.In 2024, the still family-owned business celebrated its 115 anniversary where they are now a conglomerate of multiple... Read more
Steel,Germany › Demand for steel in Germany remains weak
According to its own estimates, the steel industry in Germany will hardly gain momentum in 2025."Demand for steel in Germany is much weaker this year than expected in April and there is still no real recovery in sight for 2025,"... Read more
Aluminum,USA › USA - Domestic Aluminum Demand Up 5.2% Through First Half of 2024
Increased Sheet & Plate Shipments Drive Solid Recovery Through MidyearAs part of its monthly Aluminum Situation report, the Aluminum Association released preliminary estimates showing demand for the aluminum industry in North America (U.S. and Canada) increased 5.2% year-over-year through the first half... Read more
USA,Economy › USA economy added a whopping 254,000 jobs last month
US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market.Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. That’s a much higher tally than... Read more
Pig Iron,Brazil › Brazil’s pig iron exports rise significantly in Sep m-o-m
According to Brazilian customs statistics, Brazil’s pig iron exports amounted to around 308,000 tons in September, experiencing an increase of 40.7% compared to the previous month.During the period, the exports were mostly to the US, totaling around 345,000 tons. Mexico,... Read more
Pig Iron,Brasil › Brazilian pig iron exports increase in September
The Brazilian exports of pig iron have reached 380,000 mt in September up from 270,100 mt
in August.
The destinations in September were the US (345,200 mt at $440/mt), Mexico (25,000 mt at
$446/mt), Asia (4,800 mt at $533/mt), the... Read more
