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India's October finished steel exports surged by 60pc to 950,000t from a year ago, according to initial estimates by the Indian steel ministry.Year-to-date exports have risen by 27.7pc to 4.88mn t for April-October from the same period in 2018. India's fiscal year runs from 1 April.A surge in hot-rolled coil (HRC) exports is driving much of the growth.Indian mills are competing aggressively with Asian counterparts, especially into Vietnam, which has emerged as the biggest destination for Indian HRC in recent months.That trend is borne out in breakout data current through September. Its steel exports to Vietnam jumped to 1.04mn t in April-September from a low base of 293,000t in same period last year. HRC makes up the greatest share of total exports in April-September, at 2.28mn t, up by 68...
Published: 2019 - 11 - 11
Views:223
NEW DELHI - India is considering extending by four months a compliance deadline on tougher import rules for steel that are aimed at forcing automakers to use locally made alloy, said two sources familiar with the matter.
Published: 2019 - 09 - 27
Views:252
Aluminium alloys are widely used in many industrial applications including automobiles and aeroplanes, on account of their light weight. However, the wide-spread use of such alloys was contingent on the discovery of precipitate strengthening as a means for improving the tensile properties of these alloys necessary for most applications. Discovered over a hundred years ago, the technique involves heating alloys to elevated temperatures, which allows nanoscale secondary phases to precipitate in the metal. These precipitates hinder dislocation motion throughout the material and greatly increase t...
Published: 2019 - 09 - 18
Views:249
Scientists from Peter the Great St.Petersburg Polytechnic University (SPbPU) with their colleagues developed multifunctional metal alloys that emit and absorb heat at the same time and change their size and volume under the influence of a magnetic field.
Published: 2019 - 09 - 11
Views:323
A steel alloy developed at the Air Force Research Laboratory, called AF-9628, has the strength and toughness needed for aerospace parts. The alloys costs less than some other high-performance steel alloys, including Eglin Steel and HP-9-4-20; however, it is more expensive than common grades used in conventional munitions. AF-9628 is unique in that it does not contain tungsten, which is  found in Eglin Steel, or cobalt, which is  found in HP-9-4-20.
Published: 2019 - 09 - 06
Views:423
U.S. Steel is planning a fundamental change in the way it goes to market, informing its salesforce this week that it will no longer use index-based pricing effective with its 2020 contracts. Should other mills follow suit, the move has wide-ranging implications for steel prices and the way contracts are negotiated.
Published: 2019 - 08 - 28
Views:146
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