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A leading supplier of metallurgical consumables to the iron, steel and aluminium industries.
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Recent Posts
- New Portable ATAS Units Available for Foundries
- Asmet to Exhibit at Foundry Workshop UK 2012
- Success for Asmet Team in Foundry Quiz
- Indian Ferro Alloys Producers Association Calls for Changes in Customs Duties
- Russian Car Sales Leap 20% in January
Archive
News: Industry News
The Indian Ferro Alloy Producer's Association (IFAPA) has proposed sweeping changes to customs import duties for Ferro Alloys and raw materials.
Russian sales of new cars and light commercial vehicles rose 20% year-on-year in January 2012, according to figures released by the Association of European Businesses (AEB) last week.
On 30th January 2012, the WHO upheld its findings in July 2011 that China had engaged in imposing export restrictions which were contrary to China's WTO Accession agreement and to the General Agreement on Tariffs and Trade (GATT).
UK steel output in 2011 was only marginally higher (0.8%) than in 2010 as the Eurozone crisis and the economic uncertainty in the second half of the year adversely affected demand as customers ran down stocks.
UK car production rose by 5.8% in 2011, according to figures released by the Society of Motor Manufacturers and Traders (SMMT), and ended the year with a 1.6% rise in December, to produce a total of 1,343,810 vehicles in the year.
India's Ministry of Commerce has raised the export duty on iron ore to 30% effective from December 30th 2011, a 50 % rise from the previous 20%.
The Eurasian Natural Resource Company (ENRC) emerged victorious at the end of 2011 when the European Court ruled that the European Commission had overstepped its authority in imposing a 6.5% anti dumping duty on imports of Silico Manganese from Kazakhstan.
The UK produced 136,111 cars in November a 8.5% year on year increase, with 90% destined for export. Commercial vehicle production rose 2.2pc and engine production also increased 1.7pc year-on-year.
The Japan Automobile Dealers Association (JADA) has reported that car sales increased by 24.1 percent year on year in November, the third straight month of increase.
Ferro Silicon Prices within China have risen in response to last weeks increase in energy tariffs of approximately 0.03 yuan per kWh.
