Source: thehindubusinessline.com The rise coincided with the time Indian mills went slow on production in view of monsoons, global demand slowdown and recessionary pressures Russia has emerged the biggest exporter of pig iron — a key steel making raw material — to India for the April-September (H1) period of FY23. Data from the Steel Ministry, accessed by businessline, show that in H1 FY23 nearly 31,700 tonnes of pig iron came into India, of which 26,600 tonnes (or 84 per cent) was from Russia. In values terms, nearly ₹100 crore worth pig iron was imported from Russia (at ₹30,000 per tonne approximately). Pig iron is crude iron and is the direct product of the blast furnace and is refined to produce steel, wrought iron, or ingot iron. Import of the raw material skyrocketed in September this year — up by 3,386 per cent YoY to 27,500 tonnes...

In January-August 2022, supplies of Ukrainian pig iron to Turkish steelmakers decreased by 41.7% year-on-year Steel enterprises of Turkiye in August 2022 increased the import of pig iron from Ukraine by 60% compared to the same month of 2021 – up to 20.9 thousand tons. This is evidenced by the data of the Turkish Statistical Institute, reports SteelOrbis.   In January-August 2022, deliveries of Ukrainian pig iron to Turkiye amounted to 121.43 thousand tons, which is 41.7% less than in 8 months of 2021. The decrease in the indicator is mainly related to the war in Ukraine and the blockade of Ukrainian seaports, which makes the traditional way of delivering products to customers impossible.   In total, in 8 months of 2022, Turkiye imported 1.07 million tons of pig iron, which is 38.7% more than in the same period of 2021. In August, imports amount...

Posted on 19 November 2022 by APEC 2022 We, the Economic Leaders of APEC, met in-person for the first time in four years in Bangkok on 18-19 November 2022. We continue the implementation of the APEC Putrajaya Vision 2040, including through the Aotearoa Plan of Action. This year, under the APEC theme “Open. Connect. Balance.”, we advance work through three priorities: to be open to all opportunities, connected in all dimensions, and balanced in all aspects, to advance long-term robust, innovative and inclusive economic growth as well as sustainability objectives in the Asia-Pacific region. We have been intensifying our efforts in responding to the COVID-19 pandemic and mitigating its impact on our people and economies to promote health and wellbeing, as well as improving the overall standard of living for all. This year, we have also witnesse...

Source: noricangroup.com We have acquired US-based Simpson Technologies, experts in equipment for the mixing, cooling, handling, reclamation and analysis of sand. The 110-year-old family business is based in Aurora, Illinois, and has subsidiaries in Germany and India and has a significant footprint in both foundry and chemical process industries. Joining us will expand Simpson’s global reach, offer a one-stop shop for joint foundry customers and give chemical process industry customers access to our leading digital technologies through our Monitizer brand. For us, the acquisition is a natural extension of our complete foundry offering, strengthening our capabilities in sand preparation, reclamation and laboratory testing. The Simpson brand will sit alongside our four technology brands – DISA, ItalPresseGauss, StrikoWestofen and Wheelabrator – ...

"Sir, Mr. President Joko Widodo, CIT for the Jakarta-Bandung high-speed train is ready, and the on-track inspection will be carried out soon, we’re waiting for your instructions, Sir," said train machinist Supriadi from Tegal Luar Station, Bandung. "Execute," said President Joko “Jokowi” Widodo. Following Supriadi's report, China’s machinist Mu Zhen reported the same report in his native language. "Execute," President of the People's Republic of China (PRC) Xi Jinping responded.  The two then stepped inside the yellow, white, gray, and orange locomotive of the super-fast train. The train then moved slowly leaving Tegal Luar Station. This moment took place when President Jokowi and PRC President Xi Jinping inspected the trial of the Comprehensive Inspection Train (CIT) or the high-speed train, a virtual inspection of the Jakart...

Source: Targi Kielce Almost 2,000 sqm of exhibition space and 112 companies from 10 countries around the world - this is this year's "Targi Kielce Industrial Autumn" seen through the facts&figures perspective. The event brings together all the major foundry industry's branches and is, therefore, a must-see show for the metallurgical sector. The International Fair of Technologies for Foundry METAL and its accompanying events are one of the globe's most important foundry business events. For three days, Targi Kielce is the showcase for a wide range of products, machines and the latest technological solutions. Numerous lectures, seminars and workshops enhance the event. Green energy and full digitization mean savings for companies' budgets. Foundry Goes Green seminar Many foundry industry specialists took part in the Foundry Goes Green technical seminar held w...