ATA Group Receives €17.3m Investment
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 10:24
- Written by Elva
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MML has made a €17.3m investment into Irish based ATA Group to fund the acquisition of the US based SGS Tools’ Bur business.
Led by CEO Peter Cosgrove, the transaction is expected to create a global leader in tungsten carbide bur production and positions the business for further international growth.
MML will hold a 65 per cent stake in the combined business alongside management and FL Partners.
ATA is a global producer of tungsten carbide rotary files, known as burs. Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across industries including aerospace, marine, oil & gas, automotive and power generation.
Based in Cleveland, USA, SGS Tools Group produces tungsten carbide end milling tools and drills plus carbide burs.
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Ferro-tungsten Prices Likely to Continue Downward Trend
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 09:59
- Written by Elva
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Ferro-tungsten prices slipped to $39-39.50 per kg in Europe on Friday March 8, in a well-supplied market without the demand to support it.
Metal Bulletin’s in-warehouse Rotterdam quotation stood at $39.50-39.90 previously, and suggestions have now emerged that prices could soon drop below $39. “There was a bit of interest from traders. They’re thinking of stocking up at these levels,” a trader told Metal Bulletin. “I don’t know of anyone else who would be buying. It’s..."
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Tungsten Ore Market Inquiry Form Increased, Molybdenum Quotes Running Low
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:50
- Written by Elva
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Tungsten Market Quotes: Minmetals’ guidance prices continue to be flat in March, tungsten ore market inquiry form increased and shipments will is enhanced enhanced .APT price keep steady to rise, high price has raised to around 178,000 yuan / ton, the quoted market price of tungsten carbide powder artificially high.The procurement ability of downstream Carbide corporates are weaken, waste tungsten steel businesses keep optimistic mentality, no hurry to ship and stably operate for short.
Ganzhou Tungsten Association guide price in March compared with February a slight rise, the tungsten market or re-warming. Held cargo miners offer range widened space up even more prominent phenomenon the tungsten iron market stimulated by the price of raw materials, manufacturers price gradually pulled tungsten carbide high-priced resources increased, but the actual turnover of follow-up difficult. We expect slow uplink, the overall tungsten City short term market steady market settlement prices of many running low.
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Forever Metals has lowered Tungsten Watches to $50 During March Sale
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:58
- Written by jiang
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tungsten rings manufacturer and retailer has lowered the price of Tungsten Watches to $50 for the month of March only. The tungsten retailer primarily focuses on marketing their large collection of rings and feel that the Spring season would be a good time to start marketing the collection of tungsten watches and bracelets. Forever Metals tungsten watches retails for $99 and has 7 unique styles to choose from for both men and women.
Tungsten Watches by Forever Metals come equipped with tungsten metal and a Swiss 785 movement. All watches have a scratch resistant sapphire crystal lens providing an extremely hard glass face. All watches have been tried and tested for accurate time keeping and water resistance.
Forever Metals urges customers to shop with confidence when choosing tungsten carbide. Tungsten is a strong, durable metal that can hold up to any beating. The high polished finish is also extremely scratch resistant which make the metal popular for those that work with their hands.
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Transaction of Tungsten is Weak in Europe Market
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- Category: Tungsten's News
- Published on Friday, 08 March 2013 17:25
- Hits: 2325
According to MB(Metal Bulletin) an English paper, market quotes of tungsten in Rotterdam on 6th this month was $39.50-39.00 per kilogram, dropped 10 cents. Many marketers reckoned there is still some room for the price to fall by the end of the first quarter.
“a business couples quote the current price at $39-39.5 per kilogram, but there has yet any news. I am not expecting to enter the market, I will wait and see.” A merchant said. The market is stalling at a down spiral, anther merchant suggested that the market won’t recover soon, “ My initial quotation is 40 dollars, some customers were willing to make the deal, but it turned out that the price was far below 40.”
“I heard that the price will stall at some point between 39-40, but I don’t think the downward trends will stop” One gentle man said, added the Rotterdam’s quotation is at its lowest point since December, 2010, marketing transactions is cool and profit margin is contracting, even quite a few businessmen are at lost.
A man expressed his frustration with tungsten market saying “ tungsten business hard to run and no positive signs can be seen though, suppliers seem to be not ready to ship their goods.
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