The principle used in induction furnace is similar to that of the working of modifier. A procedure in which electrical conductors becomes heated through swirl flows tempted by a changing electromagnetic field. This invention is of fresh ...
Tags: Induction Furnace, Machinery
It's reported that a new steel mill in southern Iran was inaugurated by the Iranian President on June 27th. The Pasargad steel mill is situated south of the capital Tehran and covers an area of 300 hectares, the total investment is reported ...
Tags: Steel, Metallurgy, Mineral, Energy
Austrian steelmaker voestalpine has announced that it has received significant interest from potential customers for the sponge iron to be produced at its direct reduction plant planned to be built just outside the city of Corpus Christi, ...
Tags: raw mat, USA, Mexico, North America, steelmaking, Voestalpine, Istanbul
India's Central Board of Excise and Customs has imposed a 2.5 percent import duty on melting scrap and stainless steel scrap, according to notification published on May 8. India has not collected any duties from scrap imports until now. ...
Tags: Scrap Imports, Mineral
Global steelmaker ArcelorMittal has announced that it has launched a new ladle furnace at its Hamburg steelworks, which is Germany's fourth largest wire rod producer. ArcelorMittal Hamburg has invested €3.5 million in the new ladle ...
Tags: Metallurgy, Mineral, Energy, steel
Excel Magnetics are Indiaa€ s foremost manufacturer, exporter and supplier of electro magnetic equipments suitable for various industries. We are one of the prime suppliers in the market offering wide range of magnets, magnetic ...
Tags: Excel Magnetics, manufacturer, exporter, supplier
It’s reported that China Nonferrous Metal Industry's Foreign Engineering & Construction Co. said that the company has signed an agreement valued US$712 million with Iranian Butia Steel to establish a steel plant in Iran. Under ...
China Nonferrous Metal Industry's Foreign Engineering & Construction Co., a subsidiary of Chinese state-owned metals company China Nonferrous Metal Mining (Group) Co., has announced that on January 13 it signed a $712 million dollar ...
Tags: steel plant, Metal Industry, steel
Business Standard reported that iron ore consumption in domestic steel units went up in December after the Odisha government asked the miners to set aside half of their mineral production for local industries. In December, local crusher ...
Tags: iron ore consumption, iron ore, mineral production, local industries
India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead ...
Tags: India, crude steel, DRI, 2012, steel sector
The Indian Long Product Price Index ILPPI has gone up by 33 points last week whereas Indian Flat Products Index IFPPI has gone down by 38 points. The overall price index INDSPI remained stable. Class 21-Dec ...
Tags: India, Long Product Price, steel, steel market
The stupor in steel input material market was shaken with impressive gain in scrap, sponge iron and pencil ingot prices across the nation. Till last week market had been on decline raising questions about any revival. Poor finished ...
Tags: Steel Input Material Prices, India, scrap, sponge iron, pencil ingot price
Business Standard reported that the sponge iron industry in Karnataka, which accounts for about 22 % of the state’s total iron and steel industry, is in doldrums owing to acute shortage of iron ore. As per report, while a majority ...
Tags: Iron ore, Iron, ore, steel industry
As per latest reports from Black Sea, the CIS steel export market is already turning into vacation mode and prices are rather stable. Billet price is fluctuating around SD 510 per tonne to USD 515 per tonne FOB Black Sea. Finished ...
Tags: Steel Price, India, steel, steel market
voestalpine Group has set ambitious goals up to the year 2020.With a clear focus on the customer segments Mobility and Energy and on non European growth markets,and with profitability remaining at virtually at the same level compared to the ...