Choo, choo! “Tata Steel has cut the ribbon on a new €12 million heat-treatment facility in France which will be used in the production of new harder-wearing 108-metre rail,” reports Global Rail News
“The site, which uses an induction furnace to heat the rails to 950 degrees Celsius before cooling them quickly with compressed air, will more than double the output of heat-treated rail from Tata’s Hayange steel mill in the French region of Lorraine and allow the company to manufacture longer lengths of ‘super-hardened’ rail for the first time.”
The cash price of primary Indian nickel experienced the biggest price decline of the day, dropping 1.3 percent on Thursday, October 24. The 3-month price of nickel saw a 0.7 percent decline on the LME to $14,635 per metric ton. The nickel spot price weakened by 0.4 percent on the LME, settling at $14,575 per metric ton.
Chinese stainless steel prices were mixed for the day. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly held steady.
The price of Chinese primary nickel fell 0.2 percent. The price of Chinese 316 stainless coil saw little movement. The price of Chinese 304 stainless coil continues to hover for the fifth day in a row. The price of Chinese 316 stainless steel scrap was unchanged. For the fifth consecutive day, the price of Chinese 304 stainless steel scrap held flat.