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Global Steel Demand Surpassing Expectations

Wednesday, October 06, 2010
 
The World Steel Association forecasts that global steel consumption will increase by 13.1 percent in 2010, after decreasing by 6.6 percent in 2009. This year’s rise surpasses the association’s original prediction of an 8.4 percent uptick, thanks to a better than expected forecast for the developed economies in the European Union and NAFTA countries, according to the association’s recently released October 2010 Short Range Outlook (SRO) for 2010 and 2011. Among other SRO findings: China’s steel use is up 6.7 percent in 2010, following a strong increase of 24.8 percent in 2009, the loss of momentum due to the Chinese government’s efforts to cool down its real-estate sector. The SRO predicts only a 3.5 percent increase in steel use in China, although China will account for about 45 percent of the world’s steel consumption next year. View the full press release, which also provides detailed steel-consumption data for Europe, North and South America, Japan, India and Turkey, here.

Contract Stamper/Spinner/Machining Company
Has New Home on the Web

Monday, October 04, 2010
 
The McGregor Metalworking Companies, Springfield, OH, has launched a new website to showcase its contract services—stamping, machining, spinning, robotic welding and tooling. The website, www.mcgregormetal.com, brings together what had been separate sites for the various business units of the company. It also hosts McGregor TV--a YouTube channel where visitors can view the company’s processes in action, and Six Centers of Excellence that host case-study project descriptions and libraries of product photos.


PennEngineering Acquisition Strengthens
its Aerospace/Defense Market Positions

Monday, October 04, 2010
 
PennEngineering, Danboro, PA, a manufacturer of fasteners and fastener-installation presses, acquired QRP, Inc., a manufacturer of quick-release pins for the aerospace, military, automotive and marine industries. The QRP management team remains in place, as will its operations in Leland, NC. More at www.pemnet.com.

 

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