London - The value marked a decrease of 76.7% over the previous quarter and a drop of 81.2% when compared with the last four-quarter average of $3.65bn.
Helsinki - The company supports the United Nations Children’s Fund (UNICEF) emergency program in Beirut, Lebanon, in collaboration with UNICEF Finland.
London – Primetals successfully completed the online commissioning of the new software for optimizing the Level 2 process automation for the CCM1 continuous caster at Outokumpu’s plant in Tornio, Finland.
Schwelm – German speciality lubricant maker TRAXIT International started operations in its new plant in Huzhou, China, for the manufacturing of dry drawing agents for the wire industry.
Illerrieden – The Bossard Group is bolstering its expertise in fastening technology with a 40 percent stake in the start-up company MultiMaterial-Welding AG, Stansstad, Switzerland.
Kingston, UK – Chemical stress, abrasion, and corrosion – a problem for metal parts. However, parts can be protected and their service life increased with the overlay welding of additional special alloys.
Brussels – World crude steel production for the 64 countries reporting to the worldsteel was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019.
Düsseldorf – The economic researchers are pessimistic. Due to the crisis in the automotive sector and the consequences of the Corona pandemic, the supply industry is shrinking more than previously forecast and is recovering only slowly.
Castellanza – Tenova, a leading company specialized in innovative solutions for the metals and mining industries, marks a new milestone in the decarbonization of steel production.
Frankfurt am Main – Orders received by the German machine tool industry in the third quarter of 2020 were 29 per cent down on the same period last year
