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Daily Pour

 

 

    

Date :18/07/2018    Issue No. :1553/17-18

Compiled By :   Shyamal Aroskar, Asst. Dir.-WR 

                            B.Ramchandran, Chennai 

_________________    

 

IIF News

 

Please Attend

 
 
 Clean, Green & Zero Waste Discharge Foundry  - A WR Project 
 
 
 
F  M    Faculty :  Mr. N. Vishvanathan, Managing Partner,
                     Ammarun Foundries, Coimbatore
 
 
 
Chapter
 
Date
 
Time
 
Venue
 
Registration Fee
 
 
Indore
 
19th July 2018
 
 
5.30 - 8.30p.m.  
 
Hotel Crown Place South Tukoganj, Indore
 
 
Rs. 200/- per participant for IIF members &
                                Rs. 400/- per participant for others
 
 
Vadoadara
 
20th July 2018
 
 
4.30p.m. Onward
 
Hotel Viz Park,
Station Rd, Vithal Udyognagar, GIDC, Anand, Gujarat 388121
 
Rs .200/- per participant for IIF members &
 
Rs. 300/- per participant for others
 
 
Ahmedabad
 
21st July 2018
 
 
5.30p.m. to 8.00p.m.
 
AMA, Nr. Atira, Panjrapol Crossroad, Vastrapur, Ahmedabad
 
 
Rs.100 per participant / Delegate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

  

 

 

With Regards,

  

 

Shyamal Aroskar

Asst.Director IIF-WR

09323596953

 

 

 
Thought of the Day

 

 

 

News Letter Supported By

 

                

 
 
               
 
         
 
          
 
                 
             
 
 
                
 
 
   

 

Today's Top Raw Materials Headlines

 

*** Indian Brass, Copper Scrap prices fall tracking the weakness in MCX Copper


*** Scrap export sales pre-stressing August US buy week

*** Italian scrap softens, market pauses for safeguard announcement  

*** Indian Nickel Scrap prices decline as Tangshan production cuts

*** Nickel weakness to drag down Italian stainless scrap

*** LME zinc climbs

*** SHFE copper, aluminium find support

*** Chinese ADC12 aluminum alloy ingot transactions still limited

*** Chinese ferrosilicon market sees sluggish demand

*** Chinese bismuth ingot price temporarily stable

*** Chinese ferrosilicon prices slump in South Korean market

*** Chinese 304 grade stainless CRC market dim

 

Raw Material News

 

Tata motors intoduces Nexon HyprDrive in mid-variant


With this introduction, the Nexon range will henceforth have two AMT variants – XMA and XZA+ which will be offered in 1.2L turbocharged Revotron petrol and 1.5L turbocharged Revotorq diesel engines respectively. To further penetrate in to the automatic-drive market Tata Motors has announced the launch of the Tata Nexon HyprDrive Self-Shift Gears (S-SG) - XMA, sporting the AMT gearbox in its best-selling XM variant, according to a company statement.



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Ashok Leyland’s net profit up 233%


A strong recovery in the medium and heavy trucks market pushed Ashok Leyland’s net profit upwards by 233% in the first quarter , ahead of market estimates. The company saw its Q1 PAT  more than triple to Rs 370 crore from Rs 111 crore in the year-ago quarter. Commercial vehicles major Ashok Leyland Ltd on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 370.10 crore.


*** 



Indian Nickel Scrap prices decline as Tangshan production cuts




India major nickel scrap prices declined on the Scrap Register Price Index as on Monday, in line with Nickel futures prices at India's Multi Commodity Exchange on lower demand expectations after China’s top steelmaking city.

According to the Scrap Register Price Index, the major nickel scrap commodities prices including nickel cathode, nickel plate (4x24), nickel plate (9x9) and nickel russian (4x4) fell on Monday.

In futures, the most active July nickel contract on Multi Commodity Exchange dropped by 2.4 percent to Rs. 930.50 per kilogram on Monday from previous close of 953.40 per kilogram. The MCX nickel prices touched an intra-day high of Rs. 950.60 per kilogram and an intra-day low of Rs. 929.20 per kilogram during Monday.

China's top steelmaking city, Tangshan, ordered steel mills to shut sintering plants and asked that coke and cement factories curb output for five days due to forecasts of heavy smog over the weekend, denting metal demand.



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Industry News

 

IMF warns of growing damage from trade fight, says U.S. vulnerable



Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday.

Sketching out potential damage from the full brunt of U.S. President Donald Trump's tariff threats and subsequent retaliation from trading partners, the IMF said that if realized, these could reduce annual global economic output by 0.5 percent from projections for 2020.
The reduction in output takes into account active U.S. global tariffs on steel and aluminum, as well as an initial $34 billion in Chinese goods, along with retaliatory measures.


That translates to nearly $500 billion in lost annual output based on IMF projections, the equivalent of subtracting an economy the size of Thailand.

"The risk that current trade tensions escalate further with adverse effects on confidence, asset prices and investment is the greatest near-term risk to global growth," IMF Chief Economist Maury Obstfeld told a news conference, noting that U.S. trade deficits are likely to grow due to high demand, possibly inflaming trade tensions further.

The reduction in output takes into account active U.S. global tariffs on steel and aluminum, as well as an initial $34 billion in Chinese goods, along with retaliatory measures. Other threatened actions, which include another round of tariffs on an additional $200 billion in Chinese goods and a 25 percent U.S. global tariff on car imports now under study, are also included.

"As the focus of global retaliation, the United States finds a relatively high share of its exports taxed in global markets in such a broader trade conflict, and it is therefore especially vulnerable," Obstfeld added.

The IMF left unchanged its global economic growth forecasts at 3.9 percent for both 2018 and 2019, compared to its previous forecast issued in April. Obstfeld said these projections only take into account tariffs currently in force, so larger actions such as possible automotive tariffs were not included.

Still, he said that growth momentum was slowing. While the IMF in April rounded down growth projections to reach the 3.9 percent forecast, for the July update, the numbers were rounded up slightly to reach that same level.

Forecasts for the United States and China were both unchanged, with U.S. growth pegged at 2.9 percent in 2018 and 2.7 percent in 2019. China's growth was forecast at 6.6 percent in 2018 and 6.4 percent in 2019.

But the fund cut its 2018 growth forecasts for euro zone countries and for Japan and Britain, citing a softer-than-expected first-quarter performance coupled with tighter financial conditions partly due to political uncertainty.

The euro zone's 2018 growth forecast was cut to 2.2 percent from 2.4 percent, with Britain cut to 1.4 percent from 1.6 percent. Japan's growth projection was cut to 1.0 percent from 1.2 percent.

The IMF also trimmed 2018 forecasts for some emerging market countries, notably a half percentage point cut for Brazil to 1.8 percent due to the lingering effects of labor strikes and political uncertainty.

The fund also cut India's growth rate by a tenth of a point to 7.5 percent due to the negative effects of higher oil prices on domestic demand and faster-than-anticipated monetary policy tightening due to higher inflation.

The IMF revised slightly upward 2018 forecasts for Saudi Arabia and several Commonwealth of Independent States countries other than Russia.




***
 
 
ASIAN MORNING BRIEF 18/07: LME zinc climbs



LME zinc climbs; Lundin submits new offer for Nevsun; Lehner resigns as chairman of TK board

The latest news and price moves to start the Asian day on Wednesday July 18.


Zinc prices on the London Metal Exchange climbed by 1.5% at the close of trading on Tuesday July 17, staging a marginal recovery over the afternoon while the rest of the complex continues to feel the effects of escalating global trade tensions.

Comex copper prices were little changed in early-morning trading, with market participants awaiting new monetary information before settling on a new direction.

Canadian miner Lundin Mining has submitted a second offer to buy compatriot company Nevsun Resources, changing its approach by offering a straight cash deal to shareholders, the company said.

The London Metal Exchange will implement an implied pricing functionality from July 30, extending it from the existing LME precious service to base metals contracts, the bourse said in a note to members. Read more in HOTTER ON METALS.

Ulrich Lehner, the chairman of German steelmaker ThyssenKrupp’s supervisory board, has resigned, the steelmaker said.

Steel product suppliers in Russia and Kazakhstan are to stop exporting materials to Iran after hearing news of the scheduled reimposition of trading sanctions against the country by the United States in early August, Metal Bulletin learned.

Semi-finished steel sales at Russia’s largest steelmaker, Novolipetsk Steel (NLMK), rose by 31% year-on-year in the second quarter of 2018 to 1.65 million tonnes.

Shipment volumes of steel products to foreign outlets from Russia’s Magnitogorsk Iron & Steel Works (MMK) continued to decline in the second quarter of 2018, with volumes being redirected to the domestic market, the company said.

China’s HRC prices changed slightly, with mills insisting on offering at high prices despite low demand, sources told Metal Bulletin.

The construction segment continued to boost steel demand in Japan in May, according to statistics released by the Japan Iron & Steel Federation (JISF) this week.

 
 
 
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Life Style.........

 

Eating food that heals from within


Today, the search for novel treatments for diseases, longevity and wellness is far more than ever before. Be it acupuncture, naturopathy, massage, homoeopathy, biofeedback, Ayurveda or even stem cell therapy and many others, they are not integrated into orthodox medicine. Most do not get approved by FDA. Rather they represent what is called alternative or complementary therapies.

According to recent reports in the US, a more open view is being considered for stem cell therapy. Stem cell therapy is the use of stem cells to treat or prevent a disease or condition. Stem cells are a class of undifferentiated cells that are able to differentiate into specialised cell types. Commonly, stem cells come from two main sources: Stem cells from the bone marrow are the most widely used in stem-cell therapy, but some therapies use stem cells from umbilical cord blood.

Research is underway to develop various sources for stem cells, as well as to apply stem-cell treatments for neurological disease and chronic diseases like heart disease and diabetes. Other potential areas of use include arthritis, stroke, lung disease, sports injuries, hair loss and skin problems with ageing like wrinkles.

Stem-cell therapy has become controversial. This controversy is often related to abortion politics and to human cloning. While these issues will continue to be researched, the good news is that one can use one’s own food to activate our body’s own dormant stem cells.
A viable alternative to stem cell transplantation is to design approaches that stimulate endogenous stem cells to promote healing and regenerative medicine. Many natural compounds have been shown to promote healing. A research published in 2006 demonstrates effects of several natural compounds; phytonutrients in green tea, berries and vitamin D in combination act to promote healing via an interaction with stem cell populations. These are commonly consumed foods like our very own jamun or black berry, spirulina and Japanese seaweed.

Jamun fruit and seeds have a history of use as a hypoglycaemic agent in treating diabetes in traditional medicine in India which has been validated by several scientific studies. Not only diabetes, many studies are demonstrating its cancer-fighting qualities. It has phytonutrients, among them glycosides. Recent preliminary studies show they guide our stem cells to produce more red blood cells and thereby can potentially benefit people suffering from heart failure.

These are new areas of research and offer potential in treating disease. However, till more information is available, including these simple foods in our diet can certainly help in repairing and healing our bodies from inside without any side effects.



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Jokes All the Way......

 

4G ya 3G

 
Kapil opened a new tailor shop


Girl to Kapil : " kurti ki baazu 'net' wali banana." . . .
.
.
.
Kapil to girl : "4G ya 3G?"
 
 
 
***
 
 
"Eleven Common Diseases of Whatsaap Users"....
 
1.Wrong post in wrong group syndrome

2.Non-reading earlier post dystrophy

3. Repeated posting neurosis

4. Late replying psychosis

5. Non-immune politico-religionitis

6. Sudden disappearancitis.

7. Incomprehensible abbreviationoma

8. Brainless compulsive forwarding syndrome

9.Acute mistyping reaction 

10. Attention seeking high frequency DP changing disorder! 

11. Sudden exit syndrome
 
 
***

 

 

 

 

The Institute of Indian Foundrymen             

 Western Region

706, Madhava, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051

Phone : +91-22-2659 1308, 2659 1303, email :  wr@indianfoundry.org

 

 

 

 

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