U.S. grants most of Voestalpine’s requests for exemptions to steel tariffs (US)

VIENNA (Reuters) – The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for, the company said on Tuesday. Washington in May announced tariffs of 25 percent on steel imports and 10 percent on aluminum from the European Union, Canada and Mexico. Of the 4,300 product exemptions that the company and its customers applied for, 2,640 haveContinue reading

Graphite Electrode Price Growth Beats Bitcoin (US)

  • Graphite electrode prices soared on China’s clean-air push
  • Founder of Graphite India sees wealth rise to $1.75 billion

China’s push for blue skies has caused an obscure steelmaking ingredient to fuel gains of as much as 2,600 percent since the start of 2017 for the few companies that supply it, minting at least one new billionaire. The material is graphite, a form of carbon that has seen demand soar because of its use in electric-vehicle batteries and the lower-pollution steel mills that China is favoring to clean up its air. That double-whammy pushed shares of Graphite India Ltd. up more than 1,200 percent since January 2017, boosting the wealth of founder K.K. Bangur to about $1.75Continue reading

Boeing Selects Mettis as a Supplier of Forgings to its Sheffield Factory (US)

Boeing has announced the selection of UK-based companies to supply all the raw materials to its new Sheffield factory, which will make components for the 737 and 777 passenger jets.

The company’s first European factory will produce 7,000 actuation system components each month, which will be shipped for assembly in its Portland, Oregon plant in the United States. “In Sheffield we have an excellent local supply chain and Boeing is sourcing from these established companies because of their high-quality manufacturing capability and talented people,” said Sir Michael Arthur, president, Boeing Europe and managing director, Boeing UK and Ireland. “I’m delighted to bring Maher, MetLase and Nikken on board as newContinue reading

Ellwood Group affected by Section 232 steel tariffs (US)

One example Barensfield cited was Ellwood Group Inc. selling stell ingot to a customer in Houston, Texas for extrusion pipe that is exported for use in power plants in China. “Becuase of the new Chinese retaliatory tariffs on imported steel pipe, our Houston customer will likely lose that Chinese business to European pipe competitors,” Barensfeld said. The New Castle facility has one area of its operations that is being directly affected by the steel tariffs, Barensfeld said. Barensfeld said the New Castle facility supplies a Canadian subsidiary with forged steel blocks that are used for molds to make plastic auto parts.

The trade war tariff has invaded New Castle.

Earlier this year, President Donald Trump enacted tariffs on goods from China, Canada, Mexico and the European Union, bringing back an almost forgotten aspect of foreign trade that had been waning in recent decades. However, President Trump and his America First Continue reading

Gerdau divests operation in Spain (US)

  • Gerdau’s special steel operation in Spain serves primarily the automotive industry.
  • The divestment will allow Gerdau to focus on more profitable companies.

Gerdau announced today the execution of a definitive agreement to sell its specialty steel producer in Spain to Clerbil SL, an investment group with international experience formed by local executives of the Company and led by the current CEO of the operation, José Jainaga. he transaction value is € 155 million, with the possibility of receiving up to another € 45 million by the end of five years, depending on future business performance. “Faced with the global challenges of the steel industry, we are seeking to generate more market value andContinue reading

Alloy Wire International targets Japan as part of Far Eastern sales drive (US)

Alloy Wire  is targeting a major sales drive in Japan as it looks to boost its presence in the Far East.

Alloy Wire International, which supplies more than 60 different ‘high performance’ alloys to clients in the automotive, aerospace, oil and gas and nuclear, has invested £100,000 into establishing a new sales partner in Tomoe Engineering and launching a dedicated Japanese website and suite of marketing materials. The Brierley Hill-based company has also recently gone one stage further by joining its new sales team at its first ever Tokyo exhibition, showcasing its unrivalled range of materials and three-week delivery lead times to anContinue reading

Cobalt, lithium and nickel are booming due to China’s insatiable appetite for electric vehicles (US)

World prices of cobalt, lithium and nickel are booming as China’s insatiable need for the battery packs used in electric vehicles drove up demand, recreating the economic bonanza that fuelled commodity-exporting countries a decade ago.  The price of lithium, a soft silvery white metal usually mined from brines, has soared by more than 300 per cent in the past two years. The price of cobalt, mostly mined as a by-product of nickel and copper, surged 129 per cent last year while nickel surged 4.6 per cent to a two-year high in London. At the centre of the boom is China’s support for developing electric vehicles (EV) to reduce emissions of greenhouse gases. Electric vehicles made up aContinue reading

Rolls-Royce Titanium Parts Shortage to Delay 787 Engine Fix (US)

Rolls’s turbine blades are forged at a handful of sites globally that it controls, including a new factory in Rotherham, England, that was billed as the world’s most-advanced facility when it opened in 2015. The company has only one supplier for titanium compressor blades, Techjet Aerofoils Ltd., a venture it partly owns, though efforts are underway to source further producers for both items, according to the people.

  •  Rolls suppliers struggle to meet demand for compressor blades
  •  Issue could be compounded by glitch with new batch of turbines

Rolls-Royce Holdings Plc is wrestling with a shortage of parts needed to repair hundreds of faulty engines that power Boeing Co.’s 787 wide-body jets, further stretching a tight timetable for repairs. The fix for excessive wear on the Trent 1000 turbines is taking about three days longer than planned in some cases due to a shortfall in stocks of compressor blades, said the people, who asked not to be named as the supply bottleneck hasn’t been made public. Airlines are already being forced to lease replacement planes, sometimes for months, to maintain flights while Rolls-powered 787s are grounded for repairs. The number of idled jets reached 43 last week, according to the people, and the strain on component supplies could worsen after it was revealed Monday that durability issues extend to an earlier version of the engine. The parts crunch comes as Chief Executive Officer Warren East prepares to unveil job cuts from steps to simplify Continue reading

Des métaux stratégiques pour la transition énergétique (FR)

La forte croissance de la production mondiale d’électricité par des filières renouvelables ainsi que celle de la mobilité électrique vont accroître la demande de certains métaux indispensables à la construction des infrastructures. Contrairement au fer et à l’aluminium, bon nombre d’entre eux se trouvent à faible concentration dans des minerais ; leur extraction et leur métallurgie sont donc coûteuses et leur production limitée. La relative rareté de ces métaux en a fait un enjeu stratégique, en particulier depuis que la Chine a acquis un quasi-monopole de la production des métaux de la famille des terres rares(elle avait mis en place des quotas pour ses exportations, qu’elle a supprimés en 2015). Qui plus est, en 2017, le prix de terres rares comme le néodyme a bondi de 80 %. Plusieurs pays dont les États-Unis, le Japon puis la France, se sont inquiétés de leurs approvisionnements en matériaux qui jouent un rôle clef dans plusieurs secteurs deContinue reading

Italian manufacturer with CT ties inks 10-yr Pratt contract (US)

An Italian manufacturer, which houses a facility in Farmington, will supply airfoil products for commercial and military engines to East Hartford aeroparts manufacturer Pratt & Whitney over the next decade, the company announced Monday. Pietro Rosa TBM, which makes parts and components for gas-turbine engines, said it signed a 10-year agreement with Pratt & Whitney, a division of Farmington conglomerate United Technologies Corp., to support its F135, PW2000 and geared turbofan (GTF) engines. Peitro Rosa said the long-term agreement could extend to its facilities throughout the U.S. and Europe. The companies said the agreement allows Pietro Rosa to Continue reading