NEWS: 30.06.2014
Top Head Lines for the Day
*** Japan’s H2 scrap average prices continue upward trend
*** Global Scrap : Prices 'may have peaked' in Asia
*** Daily Turkish scrap price down and up; US level stable
*** Turkey scrap imports double to 2023, supply issues loom
*** US dealers seek higher scrap prices, mills may resist
*** Ukrainian silicon metal import market sees more activities
*** Russian silicon metal prices flat
*** Russian manganese lump traders see lower dealing volumes
*** Google develops 5G technology to expand optical fiber projects
*** Aluminum scraps import prices unchanged in china
*** High-secondary lead prices stable in china
*** China ferrochrome import prices flat in quiet market
*** Sri Vivegha Engineering Coimbatore dedicates New Faciltiy to Foundrymen
Sri Vivegha Engineering Coimbatore dedicates New Faciltiy to Foundrymen
M/S. Vivegha Engineering Pvt. Ltd., Coimbatore ,a Young entrepreneur with the Foundry
application background started his career in Manufacturing and Assembly for Bushes , Pins
have upgraded and grown tremendously over the years with his stupendous efforts and
Innovations in solving most of the Foundry men’s bottleneck problems in Fettling and
Knockout. Today his products are well spread over India and overseas as well which speaks
volumes of his sincere effort to serve the Foundry Industry. We deem it an honour to be
present and offer our support for his endeavors. We join other Fellow Foundrymen in wishing
him good luck and prosperity with the Opening of his New Corporate Building for
Administrative office, Manufacturing and Assembly line. New Product ranges for Online
Fettling equipments and New Developments in Automated Pre machine Robotics and
Yuken’s Hydraulic Boring Bricketing Machines were on display. The Inauguration was
presided over
by
Mr.Varadharajan, Chairman Sandfits ; VP Operation Brakes India graced the occasions.You
can convey your greetings to :: admin@vivegha.com
Japan’s H2 scrap average prices continue upward trend
It’s reported that the average prices of Japanese H2 scrap in Kanto, Central and Kansai
regions were at ￥31,302/ton in the fourth week of June, increasing by ￥630/ton from a
week ago.
The H2 scrap price has increased for three straight weeks.
Among them, the average price of H2 scrap in Kanto region was at ￥32,167/ton, increasing
by ¥667/ton; that in Central region was at ¥29,240/ton, increasing by ￥600/ton and that in
Kansai regions was at ￥32,500/ton, dropping by ¥625/ton; all compared to the figures in the
previous week.
Steel melting scrap price on June 27
Melting scrap
80:20
HMS
Location Change
Ludhiana 89
Mandi 400
Change is on 27th June 2014 as compared to 26th June 2014
Change is in INR per tonne
Steel melting scrap price on June 26
Melting scrap
80:20
HMS
Location Change
Kandla -100
Ludhiana 89
Mandi -100
Change is on 26th June 2014 as compared to 25th June 2014
Change is in INR per tonne
Pig iron price on June 26
Pig iron
Foundry Grade
Location Change
Agra 356
Jallandhar 356
Raipur 200
Change is on 26th June 2014 as compared to 25th June 2014
Change is in INR per tonne
Indian power ministry sets up advisory group for integrated development of power
sector
Business Standard reported that battling a slowdown in fresh investment in new projects, the
power ministry was understood to have set up an advisory group headed by Mr Suresh
Prabhu, former power minister in the National Democratic Alliance regime.
The 7 member panel will be called 'Advisory Group for Integrated Development of Power,
Coal and Renewable Energy.'
The group’s mandate includes looking into subjects including optimal energy mix; state
action plan for 24X7 power for all; requisite transmission and distribution infrastructure;
development of renewable energy from sources like oceanic, bio-mass, coal bed methane
and coal gasification; optimising fuel supplies; energy efficiency; research and development;
and innovation.
A power ministry spokesperson said that he was not aware of the creation of the group.
According to sources, members of the group will include Mr Pratyush Sinha former chief
vigilance commissioner; Mr Anil Baijal, former home secretary; Mr Partha S Bhattacharyya,
former Coal India chairman and Mr R V Shahi, former power secretary.
Mr Suresh Prabhu, a Shiv Sena member of Parliament from Maharashtra, was widely
expected to take over as power minister immediately after the NDA swept to power in a
landslide electoral victory last month.
However, PM Mr Narendra Modi chose former banker Mr Piyush Goyal for the portfolio.
The advisory group will be assisted by the officers of the power, coal and renewable energy
ministries and would meet as often as required.
Source - Business Standard
John Deere Foundry’s Expansion Completed
Deere & Company — the manufacturer of heavy machinery for agricultural operations —
initiated a multi-year modernization program for its Waterloo, IA, operations in 2010,
including an expansion project for the gray and ductile iron John Deere Foundry there.
Deere said then that its efforts were focused on "meeting customer requirements and
improving business performance," and would allow the company to manufacture more
advanced casting designs with more advanced manufacturing technologies.
"The enhancement of our foundry operations follows recent investments in the Waterloo
Works to improve manufacturing capacity and flexibility," stated David Everett, president of
Deere & Company's Worldwide Agriculture & Turf Division. "This integrated approach at
John Deere in the design and manufacturing of large row crop and four-wheel-drive tractors
is a competitive advantage."
"This investment allows us to better serve our customers with high quality, innovative
castings," said Richard Czarnecki, global director - Large Tractor product line. "This
investment helps John Deere meet customer requirements for more sophisticated designs of
large tractors and helps to ensure the company maintains manufacturing flexibility and
responsiveness to market demands."
The expansion was completed earlier this year, and the foundry allowed visitors some views
of its new capabilities.