What is Happening in the World of Stainless Steel

14 March 2019

WHAT IS HAPPENING IN THE WORLD OF STAINLESS

GROWTH IN PHILIPPINE NICKEL PRODUCTION SEEN BOOSTING GLOBAL SUPPLY

 

 

Business Inquirer reported that global nickel production is seen to continue growing in the coming years with Indonesia and Philippines expected to increase their respective outputs, according to an international research group.  Fitch Solutions’ global nickel mining outlook said the “Global nickel production will continue to hold strong in 2019 driven by the ongoing supply recovery in Indonesia and a return to positive production growth in the Philippines.  We expect output in the Philippines to begin to rise in 2019 as some of the currently suspended mines become operational.The research unit has projected an annual average growth rate in nickel production of 3.5 percent from 2018 to 2027, with output to reach 2.9 million tonnes.

(Steel guru, 3 March 2019)

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NICKEL JUMPS ON TIGHT SUpply, STAINLESS STEEL RESTOCKING

   
  “The price of stainless steel continues to rise, and supply of ferronickel is very tight,” GF Futures said in a note, adding that Wuxi Stainless Steel Exchange inventories had risen by over 10,000 ton, or 4.2 percent, since the first half of February.
China’s nickel futures rose more than 2 percent to a near five month high on Monday, while London nickel touched a fresh six-month peak, as the metal used to make stainless steel tracked the ferrous complex higher.(Hellenic Shipping News, 5 March 2019)Read More

US ARMY RESEARCHERS 3-D PRINT ULTRA-STRONG STEEL PARTS FROM POWDER

   
 

3Ders reported that at the US Army Combat Capabilities Development Command’s Army Research Laboratory, materials manufacturing scientists are 3D printing intricate geometries with ultra-high strength using air force invented steel alloy.  The army researchers are using the powder form of AF96, an ultra-strong specialised steel alloy originally developed by the US Air Force for the Powder Bed Fusion process, a powder-based 3D printing technique. 


(Steel guru 6 March 2019)

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A flood of Chinese screws, nuts and bolts has hit South Africa – now government may strike back

   
 

The International Trade Administration Commission (ITAC) of South Africa has confirmed that a surge in Chinese imports of bolts, nuts and screws is inflicting serious injury on local producers.  Next the commission will consider a quota or extra import duties, more than R2 billion worth of fasteners are imported into South Africa per year.

The government has confirmed that a surge in Chinese imports of bolts, nuts and screws if inflicting serious injury on local producers.  After launching an investigation last year, ITAC is now satisfied that imports of iron and steel Chinese fasteners is posing a real problem.

(Business Insider South Africa, 4 March 2019)

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Coega eyes 10 projects worth R287 billion

   
 

The Coega Development Corporation (CDC) has 10 projects in the pipeline that could lead to investments worth R287 billion and free the Eastern Cape from its dependence on the automotive industry.

The CDE is the operator of the Coega special economic zone (SEZ) in Nelson Mandela Bay.

The 10 projects comprise two abalone farms, a maize-processing and grain-milling plant, an animal feed facility, a renewable energy components factory, a gas-to-power plant, a solar rooftop project and a stainless steel smelter, and Project Mthombo – an oil refinery.

(City Press, 28 February 2019)

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