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Korean auto part and seamless tube producer to invest $50 million in Zacatecas, Mexico
According to the list of the 15 entities with the highest production of auto parts in the country, Zacatecas is not there.The value of auto parts production in the first five months of the year was led by Coahuila with around $7.The estimated date for the start of operations was not specified, but according to the governor, MR Infra Auto will generate 400 jobs.Reports from the specialized press indicate that the most recent automotive investment in Zacatecas was in 2016.MR Infra Auto produces vehicle transmission parts, seat parts and door parts for the global automotive industry.

🌎 International · 🗓️ September 04, 2023 · Steel

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Authorities block two iron ore projects in Brazil
Meanwhile, a federal court has suspended the operation license of Taquaril Mineração, blocking the implementation of the iron ore project near the city of Nova Lima, also in the Minas Gerais state.The Taquaril project had an expected production pace of 2.MUSA received in December 2022 the authorization to operate the mine in Itatiaiuçu, with an expected production pace of 1.5 million mt of iron ore per year.According to the local press, both vetoes can be contested.

🌎 International · 🗓️ September 04, 2023 · Steel

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UK Metals Expo Q&A: Langley Alloys director Rodney Rice
At the end of the day, I’m very aware of the results and the profitability as the stock comes in and goes out.Your contribution alters the course of the business.The variety of the role and the immediacy of the feedback is where the reward comes in at a smaller operation like Langley Alloys.I’m a metallurgist by qualification and I started at one end of the business, on the blast furnace, and moved onto the hot mill and then the cold mill.For me, the availability of nickel alloys is important.

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🌎 International · 🗓️ September 03, 2023 · Steel

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UK Metals Expo interview: ISTA president Godfrey Watt
The job brought an opportunity to work in shipping and, later, on the trading side.Getting to know the sector, and the challenges faced by the people within it, will really help you succeed.Throughout my career what I’ve enjoyed most is visiting various steelworks and traders and getting to know the people, the product and the production process.I’d like to think that it can bring a little more exposure to ISTA and the work the organisation does.The Carbon Border Adjustment Mechanism (CBAM) is bound to be the other thing.

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🌎 International · 🗓️ September 03, 2023 · Steel

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North American longs prices forecast to decline in 2023
However, activity levels in the United States and Canada are projected to weaken for the rest of the year.The pace of construction work has begun to contract, ahead of the autumn.The measures will slow down activity in the regional economy.The increased cost of borrowing is a contributory factor.The Canadian long product market is heavily exposed to the selling policies of neighbouring US mills, which have become increasingly active in the country.

🔗MEPS International

🌎 International · 🗓️ September 03, 2023 · Steel

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