News&Briefs

Metal Forging Market Resurgent with Impetus from Automotive Industry, Says Fact.MR

Amidst the growing demand from automotive industry, metal forging market is set to witness a robust growth rate of more than 7%. Within the automotive sector demand is soaring for high-performance forged components for cars,…

Order bookings at the German machine tool industry disappointing in 2019

In the fourth quarter of 2019, the German machine tool industry’s order bookings fell by 20 per cent in comparison to the preceding year’s equivalent period. Domestic orders were down by 18 per…

Electric mobility and lightweight design – symbiosis or contradiction?

The year 2019 was marked by a weak global economy, trade disputes and a far-reaching structural change in the automotive industry. The mechanical engineering and supply industries are feeling the effects. Reduced CO2…

Economic and steel market outlook 2019-2020

Apparent steel consumption fell by 3.1% year-on-year in the third quarter of 2019, a slight moderation compared to the drop recorded in the second quarter (-6.7%). The ongoing negative trend in steel demand…

EuroBLECH 2020 announces additional exhibition hall

New Hall 26 of Hanover exhibition grounds to host exhibitors of joining technology as well as surface and tool technology. The 26th edition of the International Sheet Metal Working Technology Exhibition, EuroBLECH 2020,…

CECIMO elects Hans-Martin Schneeberger as the new President

During its meeting held on 5 December 2019 in Brussels, the CECIMO General Assembly elected Dr Hans-Martin Schneeberger as President of CECIMO for a period of two years. His term will focus on…

Green Deal an important opportunity to seize European climate leadership

The European Commission has formally announced its European Green Deal for the European Union. The European Steel Association (EUROFER) welcomes ambition behind the package and notes the inclusion of sections on supporting zero-carbon…

Global metals & mining industry Q3 results

Total metals & mining industry M&A deals in Q3 2019 worth $6.98bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 48.2% over the previous quarter and a…

Sandvik and Renishaw collaborate to qualify new materials for Additive Manufacturing

Global engineering company Renishaw is collaborating with Sandvik Additive Manufacturing to qualify new additive manufacturing (AM) materials for production applications. This encompasses a broad range of metal powders, including new alloy compositions that…

Orders for the German machine tool industry have recovered slightly recently

Orders received by the German machine tool industry in the third quarter of 2019 were 25 per cent down on the same period last year. Orders from Germany fell by 29 per cent….

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