Industry News

Top Story

Few weeks after witnessing record profits, steel producers are facing the heat of global economic melt down with cancellation of orders, cuts in production, and layoffs. The present credit crisis and global economic slowdown have affected customers in top three key markets for steel industry â€” construction, automobiles and industrial equipment. In North America, badly hit construction market consumes about 40 percent of steel, while 20 percent of demand comes automakers and another 20 percent from industrial equipment makers â€“ both hardly hit by current economic turmoil. "The downturn has been dramatic, both in the speed and the magnitude," said Christopher Plummer, managing director of Metal Strategies Inc., a consulting firm in West Chester, Pa. "It's quite concerning and alarming.", as quoted by Associated Press.

Top Story

Here's an extensive database of information, tips and resources to assist metal casting buyers in their various needs and requirements. We encourage the casting buyers to take the advantages of the efficiencies of e-commerce and access the updated list of the pre-qualified metal casters from all across the world.

Here's an extensive database of information, tips and resources to assist metal casting buyers in their various needs and requirements. We encourage the casting buyers to take the advantages of the efficiencies of e-commerce and access the updated list of the pre-qualified metal casters from all across the world.

Vale tipped to outperform BHP and Rio
"Iron ore is the metal that's most likely to surprise the market.'' Vale will jump 98% to 74.17 reais in 12 months from its closing price of 37.50 reais ...
( Sep 02, 2008 - 13:01 ), Sydney Morning Herald,Australia

Falling equity market erodes confidence
THE JSE all share index dropped more than 3% to close at 26857 points yesterday following declining metal prices and weak stock markets in Asia and Europe. ...
( Sep 02, 2008 - 12:26 ), Business Day,South Africa

Interim Results H1/2008
... and accelerate time to market. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms including Metal ...
( Sep 02, 2008 - 12:24 ), FOXBusiness

Exports jump at LA, Long Beach ports but imports falter
By Ronald D. White, Los Angeles Times Staff Writer Forget scrap paper, plastics, scrap metal and the bounty of agricultural harvests. ...
( Sep 02, 2008 - 11:24 ), Los Angeles Times,CA

Beer kegs prove tempting target for metal thieves
Keg renters can earn anywhere from $15 to $30 by selling the metal brew-holders to scrap yards. "Nationwide, the industry will lose about 5 percent of its ...
( Sep 02, 2008 - 10:24 ), KTVZ,OR

Japanese market higher in early trade
Among steelmakers, JFE Holdings surged 3.7%, Nippon Steel advanced 1.6% and Sumitomo Metal Industries gained 1.5%. Technology stocks were mixed, ...
( Sep 02, 2008 - 08:24 ), RTT News,NY

Optimism from Lehman lightens the market gloom
Commodity stocks proved to be the biggest drag on the index, as miners fell, tracking lower metal prices, and oil stocks lost ground with news that ...
( Sep 02, 2008 - 05:24 ), Times Online,UK

Europe stocks end lower as banks, commodities weigh
Miners were the top weighted sectoral loser on the index, tracking a sharp decline in metal prices. Copper fell 2.6 percent under pressure from gains in the ...
( Sep 02, 2008 - 00:24 ), Forbes,NY

Copper falls as dollar gains, nickel down 5.2 pct
"We are looking for some recovery in base metal markets although maybe not in the next couple of days, particularly with inventory levels rising," he said. ...
( Sep 01, 2008 - 23:24 ), Reuters

European stocks mostly lower, led by resource and tech sectors
Copper fell as global inventories of the metal reached the highest in almost seven months, increasing concern a spreading global economic slowdown will ...
( Sep 01, 2008 - 22:24 ), International Herald Tribune,France

Industry News

Casting Alloys

Market Research Reports

Enviornmental Issues

Major Casting Components

New Technology Research

Casting Applications