Forgings

I’m not talking about a yummy pico de gallo sauce, though I have no objection to it. I’m talking about a new breed of company calling El Paso and perhaps other US border cities and towns home. A friend of mine who sources machined parts, plastics, fabrications etc in Mexico expressed some frustration when a […]

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Although the forging presses to make parts for nuclear reactors can and do cater to other industries, the requirements for nuclear are not only unusual in terms of size but also in terms of the highest most exacting quality standards. Consequently the number of forging plants that currently carry the ASME N stamp accreditation are […]

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Caterpillar may not see the world going into recession but John Deere ” the world’s largest maker of tractors and farm machinery is reported in the Financial Times as saying demand could drop 20% next year in emerging markets as farmers find it harder to access credit for new equipment. True Caterpillar and Deere while […]

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Steel Price Drops Big in China

by Stuart Burns on October 31, 2008

Style:    Category: Global Trade

Unfortunately because Metal Miner’s new IndX has only just been launched this week, subscribers have not been able to track global metal prices prior to today. But with the benefit of our data base, built up over many months of IndX development, we have been tracking the fall in steel prices in Asia since their […]

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The answer to that question depends upon whom you ask. With the peso crashing because of declining oil revenues, and a grim economic outlook, the Mexican government finds itself in a somewhat familiar situation as it did in 1994-1995 during the “Tequila Crisis” back when the peso last collapsed. Ironically, it is Mexico that the […]

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US manufacturing is doing badly when you look at automotive and construction. One would expect the spill-over into other sectors to have had a severely negative impact. But, after a few months of dire warnings of recession, the Chicago PMI Index popped back up above 50 supporting a widespread belief that US manufacturing is continuing to […]

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Comments from Detroit’s Big Three in the Financial Times appear obvious in the face of oil and fuel prices doubling. The Big Three and all U.S. car producers need to adjust the mix of vehicles from minivans and SUVs to smaller cars. Well, no surprise there. That has been obvious for the last year. Sales of small […]

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Although our blog readership is steadily growing, we seem to be misperceived by many as being quite “niche”. It is true to say that we aren’t going to be writing about Britney Spears or Paris Hilton (unless they happen to don some new metalized bra or something) but to say that the metals industry is […]

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For any consumer of Cobalt metal or components with any significant Cobalt content the price pressures must have been nigh on unbearable this past year. Driven by consumer demand and an element of speculative buying in the face of tight supplies, Cobalt has increased from $13/lb at the beginning of 2006 to $27/lb at the […]

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Back in my Andersen days (yes, that Andersen), the firm had the motto “think straight, talk straight.” Not that we always did, but that certainly was the goal. My boss at Andersen, a wonderful guy named Jim Broering, had an even better motto: “Don’t make them yawn.” You laugh, but it had profound ramifications on what […]

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