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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. Compliance to the new rules had been set for Feb. 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry, a federal minister has warned. India's auto manufacturing sector is  dominated by Maruti SuzukiNSE -1.10 %, Hyundai Motor Co, Honda Motor Co and Ford Motor Co. Carmakers ...
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 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 fieldScientists 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. This effect is caused by changes in the structure of the substance. The alloys may be used in medicine and industry. The project was supported by the Russian Foundat...
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.The lab determined that AF-9628 is a good material for additive manufacturing due to its high strength. The lab tested the alloy using a p...
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.In an Aug. 13 letter to its North American Flat-Rolled Sales Organization, the company stated the following:“As we have seen in business conditions over the last several quarters and years, the North American flat-rolled market remains volatile and unpredictable. This volatility crea...
Published: 2019 - 08 - 28
Views:146
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