The China Nonferrous Metal Industry (CNMI) has announced that it has agreed terms on a new contract with the Xinwei Group, who are a refractory product supplier which is based in the Jiangsu Province in China.
Sumitomo Conducts Feasibility Studies
The Sumitomo Metal Industries company, which is Japan’s third largest producer of steel, is currently conducting studies to ascertain the feasibility of setting up a new steel plant in West Bengal in co-operation with India’s Bhushan Steel.
South African Wage Hikes
The South African metal industry’s four year wage and conditions of employment contract expires on June 30th and union bosses have already commenced negotiations to get a new agreement in place that will see worker’s wages rise.
President Chavez To Boost Venezuelan Gold
Venezuela’s President Chavez has claimed that he will be seeking investment in his country’s gold industry in an attempt to reclaim some of the industry back from the illegal miners who create almost half of the country’s output.
Turkish Industry Brings Mixed News
Statistics released recently by the Turkish Statistical Institute have indicated that the producer price index for Turkish industry as a whole rose slightly by 0.61% over the month of April.
Rochdale Police Call for Vigilance
A crackdown has been launched across Rochdale in an attempt to bring scrap metal thieves to account after the region was hit with a number of copper piping and lead flashing thefts.
Institute to Hold Exhibition
The Institiute of Sheet Metal Engineering (ISME) have set up their second group exhibition stand for the corporate members of the group. The stand will be erected at this year’s Subcon exhibition.
Fiji Calls For Regulation
The Fiji Commissioner Western Colonel, Joeil Cawaki, has called on the government to regulate the scrap metal industry in the country after a string of cable line thefts from the country’s railway lines. The thefts, which have been increasing in the western division specifically, are occuring because people are simply finding any source of metal they can to steal and … Read More
Caterpillar’s 500% Profit Good News
Caterpillar’s recent announcement that that have attained a 500% surge in quartely profits will stand as good news for the metal and mining industries, especially after the company raised its forecasts for the rest of the year in light of the new figures. The company is the world’s largest manufacturer of earth moving equipment and their products are utilised by … Read More
Turkish Metal Manufacturing Capacity
Provisional data released by the Central Bank of the Republic of Turkey has stated that the overal utilisation of the Turkish metal industry’s basic metal manufacturing resources has decreased since April 2010.