Issue – 130: Dated – 04 June, 2015

Theme of the year - “LEAN &GREEN”

EXTENSION OF IIF MOU WITH JAPAN FOUNDRY SOCIETY

The MoU between IIF & JFS has been extended to May 2018 i.e. for 3 years.The agreement for the same

was signed on 14th May 2015 by Chairman,JFS & President,IIF Mr. Vikas Garg during the recent 3rd Asia

Foundry Forum held in Tokyo.

The MoU provides for following areas of co-operation between the two organizations for the benefit of

their members & with the main objectives of strengthening mutual exchange of information between the

two organisations for promotion of joint cooperation and promotion of business opportunities.

a. Statistics

IIF and JFS will mutually share information on statistics such as annual production,exports of

castings and major types of components manufactured by industry etc.in respective country.

b. Operational Parameters

IIF and JFS will share information of operational parameters, such as avg. productivity, rejection

rates, average size of units and number of foundries and employees etc.

c. Energy consumption

IIF and JFS will share information ofavg. specific energy consumption in foundries.

d. Industry / Service Providers

IIF and JFS will share information on foundries with their capabilities,casting buyers,material & equipment

buyers & suppliers, manufacturers & technology providers etc.

Additionally, as requested by IIF ,JFS will consider deputing their experts to help Indian Foundry Industry on

receiving specific request from IIF / the industry clusters .The reasonable fees for such experts will be

shared by the beneficiaries .Interested cluster members may send their specific requests to IIF’s Delhi

office at fic@indianfoundry.org giving the details of the members interested ,specific intervention

expected & duration of expected stay of the expert & specialization of the expert .On receiving such

requests,IIF will take up with JFS for further perusal

MSME GEF UNIDO CLEANTECH PROGRAMME 2015

Office of DC MSME has invited applications for the above programme to reach them by 30th

June 2015.This

programme is supported byGEF/UNIDO

The entries for the SMEs will be made under the two clean technology areas:

• Energy efficiency - The Energy Efficiency category includes technologies that enable to save energy

in industrial processes

• Renewable Energy - It refers to replacement of inefficient fuels with cleaner and economical

alternatives which have more stable supplies.

Brief Objectives

One of the main objectives of the Indian SME Cleantech Accelerator Programme is to equip entrepreneurs

with critical skills that will enable them to take their innovation to the commercialization stage, or – if this

stage has already been reached - to help them scale up their innovation. Therefore, the 20 semi-finalists

will be invited to attend mentoring programme and business clinics during August to September 2015.

National award for Best Innovation in SMEs.

The top 3 finalists will be competing at Global Cleantech competition i.e. “Cleantech Accelerator” to be

held in November in California.

MSME units may take advantage of this initiative.

To apply for competition register online at

https://www.cleantechopen.com/app.cgi/login?next=%2Fteams%2Fcreate

or

send the form duly filled ( Form available at http://www.dcmsme.gov.in/registration%20form.pdf ) by

post to Mr. Rishab Goel, MSME GEF UNIDO Project ,East Block 7 ,Level 5 Sec-1,R K Puram ,Nr FRRO office,

New Delhi-110022 ,PH: 011-25167806,E Mail: R.GOEL@unido.org

For more information, Please write to Ms. Amrit Raj, National Co-ordinator,MSME GEF UNIDO Project at

A.RAJ@unido.org

CC to Mr. A. K. Anand,Director ,IIF-FIC at iiffic@bol.net.in / fic@indianfoundry,.org

INDIAN FOUNDRY DIRECTORY CUM BUYERS’ GUIDE 2015

The Institute of Indian Foundrymen will be bringing out the 10th updated Edition of Indian Foundry

Directory – cum – Buyers’ Guide 2015

It is an opportunity to get your companies updated profile listed in the New Directory free of cost.

For free listing of your company please download the applicable format from http://foundryinfo-

india.org/directory_form.aspx and email us as soon as possible.

Your prompt response will go a long way in bringing out a very useful Directory.

Data updation is under process by Foundry Informatics Centre, 67, Tughlakabad Inst. Area, New Delhi -

110062 Please fax/ courier / email the format to: fic@indianfoundry.org : Fax: 011-29958028

Advertisement Opportunities in New Indian Foundry Directory 2015

There will be unique opportunity to reach out to large number of potential clients & promote your business

at nominal cost by placing advertisement in the Indian Foundry Director 2015

The Advertisement tariff and other details as below. Please send your advertisement in high resolution

on pdf /jpeg format (Min 300 dpi) along with applicable fees as per bank details below.

ADVERTISEMENT TARIFF FOR PRINTED AND CD ROM VERSION OF INDIAN FOUNDRY DIRECTORY~2015

SECTION : A(Printed Version )

Front Cover (4 Colour) Rs. 1,50,000/-

Back Cover (4 Colour) Rs. 1,00,000/-

Front Inner Cover (4 Colour) Rs. 70,000/-

Back Inner Cover (4 Colour) Rs. 70,000/-

Page Facing Back Cover(4 Colour-Art Paper) Rs. 60,000/-

Double Spread (4 Colour) Rs. 35,000/-

Double Spread (Black & White) Rs. 25,000/-

Book Mark (4 Colour) Rs. 45,000/-

SECTION : B( Both CD & Printed)

Full Page Colour (4 Colour) Rs.: 20,000/-

Full Page Black & White Rs. 12,000/-

Half Page Black & White Rs. 7,500/-

Half Page Colour Rs. 8,500/- EXCLUSIVELY FOR CD ROM

VERSION)

Small Rotating Advertisement Rs. 2500/-(EXCLUSIVELY FOR CD ROM VERSION)

PLUS SERVICE TAX @ 14%

���� ABOVE RATES ARE APPLICABLE EXCLUSIVELY FOR IIF COMPANY MEMBERS ONLY.

���� 10% CHARGES EXTRA FOR NON-IIF COMPAY MEMBERS

(i.e. other than Company members of IIF)/NON-MEMBER OF IIF.

Bank Details for payment :-

Bank ICICI Bank

Address Balaji Towers, 59,KN Sen Lane,Kasba, Kolkata-42

Name of the Account Holder The Institute of Indian Foundrymen- FIC

Name of Bank Branch Kasba Branch

Account No. 098301001575

Account Type SB

MICR CODE 700229034

IFSC Code ICIC0000983

GIFA – 2015

ITEMS Price 23.05.2015 Rs/Kg

(Incl. Excise)

Price 30.05.2015 Rs / Kg

(Incl. Excise)

Pig Iron 30.0 29.0

Melting Steel Scrap 28.6 28.4

CRCA Scrap 29.8 29.8

Copper Ingot 388 387

Al. Ingots 155 147

M/s. Toyo Denki Seizo K.K. of Japan, are leading manufacturers of Rolling Stocks for railway

application including for the Metro Rail.Recently, a Liaison Office in Delhi has been established by the

company and its Chief Representative is

Mr. Akira Wakabayashi.

They are especially looking for those Casting Companies in India who can manufacture Oil deflector part

for their Gear Unit application in railway sector.

Their requirements are as under:

1) All suitable casting manufacturing companies are eligible except the Automobile sector.

2) Use of Material grade: S45C-N

3) A suitable manufacturer should have following machines as mentioned below:

a) Press Machine

b) Turning Machine -Working table size: 600 mm

c) Cylindrical Grinder

d) Internal Grinding Machine

The units who meet the above mentioned requirements may kindly contact:-

APOORVA PUROHIT –Authorized Representative

Toyo Denki Seizo K.K. Delhi Liaison Office:

301A, 3rd Floor, Rectangle I

District Centre Saket New Delhi - 110 017

Tel: 011-41626261 (M) +91-9899800425/ +91-9811044754

e-mail : toyodenkipurohit@gmail.com

Website: http://www.toyodenki.co.jp/en/

*** Global steel scrap: Japanese scrap firms, Turkey nudges down

*** US scrap dealers riding upward price momentum

BUSINESS ENQUIRY

*** Global chrome prices to rebound in 2015-2016

*** US growth reverse puts damper on metals markets

*** European antimony prices buckle under lower Chinese offers

*** LME aluminium, copper lower on supply issues and currency moves

*** LME zinc, lead rise on week, nickel and tin lower

*** India Anrak Aluminum plans to launch the first stage alumina project in October

*** Russian high carbon ferromanganese prices down

*** South Korean ferromolybdenum market seeing deals at low bids

*** Merchant pig iron export prices remain stable in Brazil

*** Japan ferrochrome: Prices Fall to 82-83 Cents/lb after Six Stable Weeks

*** Russian ferromolybdenum market sees few deals

*** China ferrochrome/charge chrome import prices stay flat

*** Chinese ferromolybdenum market quiet

*** China FeSi – prices up on tight prompt supply

India's economic growth to surpass China's in 2015-16

India's economic growth is projected to surpass that of China's, with the GDP expected to zoom by 7.7 per

cent in 2016, according to a UN report which said India will help accelerate economic growth in South Asia.

The mid-year update of the UN World Economic Situation and Prospects ( WESP), released today, said

India's economy is projected to grow by 7.6 per cent this year and 7.7 per cent in 2016, overtaking China.

China is projected to grow by 7 per cent in 2015 and 6.8 per cent next year.

The report termed South Asia's economic outlook as "largely favourable" since most economies are

expected to experience a strengthening of growth in 2015-16 on the back of stronger domestic

consumption and investment, and a pick-up in exports.

The region's GDP is projected to grow by 6.7 per cent in 2015 and 6.9 per cent in 2016, up from an

estimated 6.3 per cent in 2014--a significant revision of the previous forecast.

"This revision mostly reflects a higher growth trajectory in India," it said.

It said the growth prospects for Iran and Pakistan have also improved moderately, although for both

countries significant uncertainties remain.Across South Asia, the expansion is expected to be driven by

buoyant household consumption and a gradual recovery in investment.

Private sector demand will be underpinned by a more benign macroeconomic environment, including

considerably lower inflation.

In 2015, global consumer price inflation is expected to average 2.5 per cent, the lowest level since

2009.With oil prices expected to recover slowly and global activity projected to pick up, average inflation is

forecast to accelerate to 3 per cent in 2016.

Average inflation in the region is also projected to fall to its lowest level in almost a decade, following the

recent decline in oil and food prices.As a result, monetary policy has become more expansionary in several

countries, notably in India and Pakistan, it said.

However, despite the improved outlook, South Asia's economies face, to varying degrees, long-standing

development challenges including energy shortages, infrastructure deficits and political and social unrest.

The global economy will continue to grow at a modest pace.

Brazil's pig iron exports tumbled in April

According to statistics provided by SECEX- Foreign Trade Secretariat, the pig iron exports by Brazil during

the month of April this year fell sharply when compared on month-on-month and year-on-year basis.

Brazil’s pig iron exports totaled 49,936 tons during April ’15. The total exports plunged heavily by 79.8%

from the previous month. The country’s pig iron exports had totaled 247,061 tons during the month of

March this year. When compared with the exports during the same month a year before, the Apr ’15 pig

iron exports were down by 80.5%.

The primary destination of Brazilian merchant pig iron was Canada. The country imported 29,100 tons of

pig iron from Brazil during the month. In second place was Taiwan with 14,256 tons. The imports by the US

plunged to 4 tons. The average export price to Canada stood at $270 per ton FOB, whereas exports to

Taiwan averaged at $300 per ton FOB.

The pig iron exports by the country during the initial four months of the year totaled 776,000 tons. The

exports fell marginally by 0.2% during January to April this year when matched with the corresponding

four-month period in 2014.

The largest importer during the initial four-month period in 2015 was the US with 531,000 tons. The

second largest importer was the Netherlands. The imports by the Netherlands totaled 61,000 tons.

Indian containerized Shredded Scrap import prices remain unchanged

The containerized shredded index for Indian imports was unchanged at $298 a ton CFR Nhava Sheva port in

the week ended May 22, as per the latest figures from the Steel Index.

According to TSI, trade was relatively quiet, with many market participants attending the BIR event in

Dubai.

Participants reported that cheap domestic scrap and DRI prices made imports less attractive at this

moment in time, whilst many are also expecting a fall in prices to coincide with Ramadan and the onset of

the monsoon season.

The DGFT has announced changes to the newly- formed PSIC regulations, although participants are still

seeking further concessions on the directive.

European stainless scrap prices set to slip in early June

Italy, France and Spain may see weaker stainless steel scrap prices in the first week of June, scrap

merchants tell Kallanish. Material availability is very limited in all three countries and the price decrease

may happen on the back of the current slide in base metals and nickel prices. Nickel however is seen

gaining ground again into June according to the bullish LME forward curve. This should rebalance stainless

scrap quotations in the second half of June, Kallanish is told.

The qualities most in demand are standard grades 304 and 316. At the moment, in Italy, France and Spain

grade 304 scrap is sold at a delivered price of €1,300-1,350/t ($1,425-1,480/t) while 316 scrap is at €1,700-

1,750/t delivered.

Meanwhile this will be a slow week for ferrous scrap in Italy due to the June 2 bank holiday and bridge.

Some local mills are taking advantage of the holidays to make an early summer week long stop and will

resume production on June 8, market sources confirm.

Service tax hike becomes effective from 1st June 2015

The cost of services has increasedw.e.f. 1st June, 2015 as the Service Tax hike from the previous 12.36

percent to 14 percent becomes effective, in accordance to Union Finance Minister Arun Jaitley's Budget

proposal.

According to reports, some of the services that have become costlier include airlines, banking, insurance,

mobile, advertising, architecture, construction, credit cards, event management and tour operators.

Meanwhile, fares for First Class and AC coaches in passenger trains, as well as freight charges have

increased by 0.5 percent.

Govt. Schemes:

Technology Development and Demonstration Program (TDDP) by DSIR, Ministry of Science & Technology

The Department of Scientific & Industrial Research (DSIR) proposes to strengthen the interface between

industry, R&D establishments and academic institutions and provide catalytic support for development and

demonstration of innovative product and process technologies, traversing the journey from proof of

concept or laboratory stage to pilot stage, rendering them fit for commercialization.

1. Objectives

(a) Development and demonstration of innovative need-based technologies for making industry

competitive, and

(b) Strengthening the interface between industry, R&D establishments and academic institutions

2. Sector of Interest

Any sector leading to industrially useful applications.

3. Project Proposals

The technology development projects should aim at development of a new product or a process (including

development of process equipment) with attractive market potential. The projects should result in

significant benefits in terms of raising the technological level of the industry concerned, high turnover,

energy and material savings/recovery, export sales etc.

Nature of Proposals supported

(a) Development of a new or improved product resulting in prototype development and ending with

demonstration in commercial environment.

(b) Development of a new or improved process resulting in establishment of process know-how,

development of process equipment and demonstration of yield, efficacy etc in a pilot plant.

(c) Absorption and up-gradation of imported technology.

(d) Priority technology development projects of PSUs in consultation with and co-financing from economic

ministries. Under this, consortium projects for development of technologies of common interests for group

of industries or associations to be undertaken by industrial units, national laboratories, user industries in

important focused areas such as Electronics and Communications, Railways, Drugs, Chemicals & Fertilizers,

etc. shall be supported.

(e) Development & demonstration of technologies for common use by cluster of industries.

(f) Development & demonstration of technologies for governments flagship and mission mode projects.

So far, around 200 projects involving industrial units and scientific establishments, both in public and

private sector, have been supported by the Department involving DSIRs share of about Rs. 100 crore in the

total project costs of around Rs. 250 crore. These projects cover products and processes in various

important industries such as, electrical, electronics, semiconductors, telecommunications, embedded

software, instrumentation, mechanical engineering, metallurgy, earth moving and industrial machinery,

chemicals, drugs, pharmaceuticals and explosives.

For more details please visit: http://www.dsir.gov.in/tpdup/tddp/tddp.htm

Notifications / Circulars:- MINISTRY OF FINANCE Deptt. of Revenue (Central Board of Excise & Customs ): Notification No. 21/2015

Custom (Add) dated 22nd

May 2015

Imposition of ADD on cast aluminium Alloy wheels

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2015/cs-add2015/csadd21-2015.htm

MINISTRY OF FINANCE Deptt. of Revenue (Central Board of Excise & Customs : Central Excise

Notification No. 28/2015 dated 15th

May 2015

In exercise of the powers conferred

http://www.cbec.gov.in/excise/cx-act/notfns-2015/cx-tarr2015/ce28-2015.htm

MINISTRY OF FINANCE Deptt. of Revenue (Central Board of Excise & Customs : Notification No.

12/2015-CENT dt. 30-04-2015

Seeks to amend CENVAT Credit Rules, 2004

http://www.cbec.gov.in/excise/cx-act/notfns-2015/cx-nt2015/cent12-2015.pdf

MINISTRY OF FINANCE Deptt. of Revenue (Central Board of Excise & Customs : Notification No.

47/2015-Cus(NT),dt. 21-05-2015

Rate of exchange of conversion of the foreign currency with effect from 22nd May, 2015

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2015/cs-nt2015/csnt47-2015.htm

INTERNATIONAL CONFERENCES / EXHIBITIONS:

For Feedback, Suggestions, Advertisement, Corporate News, please email to:--

Foundry Informatics Centre 67, Tuglakabad Institutional Area, New Delhi-110062

Email: iiffic@bol.net.in / fic@indianfoundry.org

Phone: +91-11-29960601,

Telefax: +91-11 29958028

URL: www.foundryinfo-india.org

Disclaimer: Although every care has been taken to ensure that information provided is correct, The Institute

of Indian Foundrymen will not be responsible for any error or omission and it does not necessarily represent

official opinion of the Institute of Indian Foundrymen

GIFA / METEC / THERMPROCESS /

NEWCAST 2015

Form: 16 June 2015 - 20 June 2015

Location: Düsseldorf, Germany

URL:http://www.gifa.com

From.: 8th to 10th July 2015

Venue: Shanghai New International

Expo Centre (SNIEC)

URL: http://www.diecastexpo.cn/en/