Sumitomo Metal Industries announced on Monday the firm awarded forge steel for rail wheel at 11,000 pieces with Sumitomo Corporation from India National Railway. Sumitomo Metals awarded over 10,000 pieces of rail wheel from India National Railway for the first time since 1992. India National Railway will adopt these wheels to railway near Mumbai.Sumitomo Metals is building up the capacity of rail wheel by the investment of 2 billion yen, increasing the annual capacity to 240,000 pieces by 40,000 pieces after April.India National Railway operates about 280,000 rail vehicles and about 64,000 kilometers railroad network. India is expanding the transport capacity along its economy growth and building up railways.
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Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
