Manila, Philippines: Increased government expenditure on infrastructure in the Philippines is expected to boost the country’s steel demand significantly.
New anti-vibration additions to milling tools are adding versatile options to a variety of milling applications. By Ikuo Takikawa, applications engineer (end mill development division), OSG Corporation.
The NF1 is a universal chip breaker for finishing to medium machining, peripherally ground to provide surface finish. The versatile NF2 chip breaker incorporates a small stabilising T-land and covers applications from semi-finishing to light roughing.
South Korea has overtaken China as the largest exporter of steel products to India in the first quarter of 2016-17, after trailing the latter for the last two fiscals, according to the Indian government.
China’s second- and sixth-largest steelmakers by output have entered restructuring talks and are planning to merge as the industry faces a global steel glut that has plummeted steel prices worldwide.
Sentiment in China’s steel market collapsed to a 16-month low, with most market participants expecting new steel orders and prices to weaken further over the next month, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI) for June, which showed a headline reading of just 15.92 out of a possible 100 points.
Luxembourg-based steelmaker ArcelorMittal is expanding its offerings of advanced high-strength steel grades to help automakers meet new emissions and fuel-efficiency standards. Named Usibor 2000 and Ductibor 100, the new steel grades will be unveiled next year.
Japanese company Mitsubishi Heavy Industries is looking to reduce costs at its steel-making equipment venture, Primetals Technologies, with Germany’s Siemens AG in the face of a steel glut in world markets.
General Motors (GM) plans to launch a new manufacturing technique that the automaker had spent some two years developing. The new process, scheduled to take place within a few months and was developed in-house, will involve joining aluminium and steel parts and is intended to cut vehicle weight while lowering and simplifying production costs.