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Thursday, April 30, 2009

Directory of Overseas Scrap Suppliers to India

India is large market for import of steel scrap and this is the directory which is going to help many interested group to know this industry.

Published in September 2008, 'Directory of Scrap Suppliers to India' has been comprehensively researched and prepared, to bring you a fully up to

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Stimulus plans - To show results by May - Dr Montek

According to Dr Montek Singh Ahluwalia deputy chairman of Planning Commission, the stimulus packages to revive the economy would start showing results in the data for April to May and definite signs of recovery would become manifest in the second half of the fiscal.

Dr Singh said that "By

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Bangladeshi lawyers fighting against ship breaking

According to human rights groups, many of the world's largest ocean vessels reach their final destination on the beaches of Bangladesh. The coast of Chittagong, the country's main seaport is littered with scrap metal, stained with toxic oil and burning from the fumes of the ship breaking

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Macroeconomic indicators - NCAER cuts Indian growth projection

Economic think tank NCAER has lowered its economic growth projection for India at 6.5% for the current financial year citing worse than expected external environment.

As per report National Council of Applied Economic Research had earlier forecasted the economy to grow by 6.9% in FY'10.

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Everest Industries ventures into PEB solutions

Everest Industries Ltd, one of India’s fastest growing building solutions companies, has ventured into Pre Engineered Building Solution an innovative concept in the infrastructure & industrial sector.

Pre-Engineered Building or PEB a new perception in construction business is the

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Sterlite to match rival bid for Asarco

BS reported that Sterlite Industries will compete with any rival bidder to buyout America's third largest copper producer Asarco for which it has already offered USD 1.7 billion and said it sees the deal getting sealed in the next 3 to 4 months.

Mr Navin Agarwal deputy executive chairman

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CDE bags iron ore washing plant from Adhunik Metaliks

Adhunik Metaliks has placed a repeat order for their Jamshedpur plant. This order is a result of the impressive results in reduced Alumina and Silica levels and a higher Fe content achieved in their ore through CDE's Iron Ore Washing plant.

The washing plant installed at Adhunik's

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Indian import parity price for TMT remains unchanged

As per market prices prevailing at Mumbai on April 29th 2009, import parity pricing for TMT Fe 415 is about USD 486 per tonne on CNF basis as compared to USD 485 per tonne as on April 22nd 2009.

Following expenses are factored in
1. Port expenses at INR 400 per tonne for break bulk


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Track spot domestic and export prices of Indian iron ore

www.steelprices-india.com is a portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week. In addition, FOB levels for commonly exported steel products from Ukraine, Russia, China, India and

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Indian domestic steel prices-remain stable on 30th April

The domestic Indian Steel prices remained stable on April 30th 2009. The Indian Long Product Price Index ILPPI dipped by only 3 points, whereas Indian Flat Product Price Index IFPPI remained unchanged. The overall Indian Steel Price Index INDSPI dipped by just 2 points.

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Wednesday, April 29, 2009

ABB wins USD 100 million substation orders in India

ABB the leading power and automation technology group has won substation orders worth around USD 100 million from PGCIL India’s national transmission utility to boost capacity and help improve grid reliability. The orders were booked in the first quarter.

ABB is responsible for the

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Pencil ingot prices remain under pressure

It is reported that prices of pencil ingot continued to soften at several locations in India on April 29th 2009.

The correction in pencil ingot prices is reflected in rebar and sections as well.

Pencil ingot

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Scrap prices improve by 1% in Mandi

Melting scrap
80:20
HMS

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Indian projects remain high priority for ArcelorMittal

According to a company’s spokesperson, ArcelorMittal’s India plans may not have escaped the effects of the global economic crisis, but India is top priority among all its Greenfield projects.

The spokesperson told Business Line that ArcelorMittal is committed to both projects.

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HRC and Plate prices continue upward correction in Ahmedabad

The flat steel prices continued with listless correction at Ahmedabad by 2% in Plates and 1% in HRC on April 29th 2009. This half hearted improvement has been restrictive all through being concentrated in few scattered locations thereby denying the specter of definite revival.

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Rays of recovery - JSPL sees demand reviving amid flat pricing

Reuters quoted a top official of Jindal Steel and Power Limited as saying that revival in demand for steel in the past three months is seen but prices are likely to remain muted for the next two quarters.

Mr Sushil K Maroo director of JSPL told NDTV Profit that "The moment the liquidity

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Details of steel imports into India in 2008-09

Contrary to the general belief that cheaper steel imports are flooding India, it is seen that imports of finished steel has reduced substantially during 2008-09.

The highest share of imports, which is accounted by flat products, has seen a major dip 0f 18% YoY. On the other hand imports of

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Long product prices reverses at all major locations in India

The music of long product prices correction seems to turning discordant with a decline of up to 2% in TMT and structural steel prices at all the major locations except South India on April 29th 2009. Whether it is momentary correction or a definite reversal will be evident in the coming

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CCI study points to cartelization among Indian HR makers

ET reported that alleging the government of distorting competition in the steel sector, a CCI sponsored study has suggested the competition watchdog should investigate the HR coil industry, which is dominated by a few top producers.

The study prepared by Indicus Analytics said that "The

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ArcelorMittal finds sailing into India not easy

IANS reported that Mr LN Mittal chairman & CEO of ArcelorMittal is finding India a difficult country to work in.

Mr Mittal during a press conference held to announce first quarter results said that 'We realize it's not easy to build Greenfield projects in India.”

Mr Mittal said

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Indian steel demand to grow by 2% in 2009 - worldsteel

According to World Steel Association, bucking the global trend, India's steel consumption is likely to rise by nearly 2% to 53.5 million tonnes in 2009.

In its short range outlook for global steel sector, the Association representing 180 steel producers across the world said that India's

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Welspun commissions pipe plant at Little Rock in USA

Welspun Gujarat Stahl Rohren announced the commissioning of its manufacturing facility outside India at Little Rock in Arkansas of USA.

Adjacent to Little Rock Port, this state of the art spiral and coating facility is located on a 740 acre parcel and has an annual capacity of 350,000 tons.

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Indian Steel Price Index exhibits downslide in longs

The domestic Indian Steel prices dipped marginally on April 29th 2009. Indian Long Product Price Index ILPPI declined by 13 points, whereas Indian Flat Product Price Index IFPPI increased by 4 points. The overall Indian Steel Price Index INDSPI declined by 4 points.

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Tuesday, April 28, 2009

Cochin Port Trust implements national tribunal award

In a move that could have a major effect on port operations, the Cochin Port Trust has implemented the award of the National Industrial Tribunal of Kolkata for the new manning scale and deployment of workers in various departments.

A decision to this effect was taken following the directive

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Good Luck Steel approves subdivision of equity shares

Good Luck Steel Tubes Ltd has announced that the Board of Directors of the Company at its meeting held on April 25th 2009 inter alia has unanimously approved the Subdivision / Split of face value of equity from INR 10 to INR 2 and other connected matters in this regard.

The report added

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ABB bags INR 425 crore orders from PGCIL

Electrical equipment supplier ABB India said that it has bagged INR 425 crore orders from state run power transmission utility Power Grid Corporation India Limited during the first quarter of the current fiscal.

ABB in a filing to the Bombay Stock Exchange said that the scope of orders

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NHAI to re design highways projects to get bidders

It is reported that Mr Manmohan Singh prime minister of India who headed high powered Committee of Infrastructure wants National Highways Authority of India to re design highway projects to renew the interest of bidders.

According to the CoI, NHAI should avoid high-cost structures and

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HSL delivers vessel to Vizag Port Trust

The oil recovery pollution control vessel MV Jal Sudhak was delivered to the Visakhapatnam Port Trust on Monday by the Hindusthan Shipyard Ltd at a function in the shipyard.

According to a press release issued by HSL, the vessel is 18.5 meters long, 5 meters wide and 2.5 meters deep and

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Slowdown signs - Exports proceeds in 2009-10 to dip by 10%

The Associated Chambers of Commerce and Industry of India has forecast a minimum of 10% dip in export proceeds of India during fiscal 2009-10 in the backdrop of continued demand constriction in overseas market especially US, EU and UK.

In its preliminary assessment on Export Targets Vs

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Indian government plan for fleet acquisition too ambitious

ET reported that Planning Commission’s target of achieving a fleet strength of 12 million gross tonnage by 2011-12 in all probability will remain just an ambition if the past experience of the shipping industry is any indication.

As per report, not only the yearly additions on

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Directory of Overseas Scrap Suppliers to India

India is large market for import of steel scrap and this is the directory which is going to help many interested group to know this industry.

Published in September 2008, 'Directory of Scrap Suppliers to India' has been comprehensively researched and prepared, to bring you a fully up to

Sourse: More Info

Vedanta confirms it holds 9.5% of Canadian HudBay Minerals

Vedanta Resources plc the largest copper producer in India said that its units controls 9.5% of Canadian zinc and copper maker HudBay Minerals Inc.

A spokesman said that the company declined to comment further on its plans for the stake a spokesman who asked not to be identified because of

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Steel sector to get priority in gas allocation from KG basin

It is reported that the steel industry will be accorded priority in allocation of natural gas from Reliance Industries Krishna Godavari basin once the initial fuel production exceeds 40 mms cmd.

Official sources said that the decision for the same has been taken by the Empowered Group of

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INDSPI - SENSEX for steel prices in India

Amidst the currently prevailing volatile and speculative steel price scenario in India, SteelGuru.com has started the much needed barometer to track and measure the price movements on daily basis.

Steel prices being an issue at the forefront in the context of inflation, drawing significant

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Macroeconomic indicators - Indian IIP may recover in March

According to Macquarie, after contracting in February, India's industrial production is likely to rebound and may post a double digit growth in March on the back of fiscal and monetary measures taken in the last few months.

Macquarie Research in a note said that "March IP (Industrial

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Hero Motors to invest in automotive transmissions

BL reported that Hero Motors said that it will invest INR 100 crore in association with Austrian firm BRP Powertrain for manufacturing automotive transmissions in India.

The companies have signed a five year MoU for manufacturing the transmissions at Hero Motors' Gaziabad facility with an

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NTPC CIL fuel supply pact signing to miss April deadline

BL reported that the long term fuel supply pact between the country's largest coal producer, Coal India and power utilities led by NTPC is set to miss the April 30 deadline on account of procedural delays.

In a meeting between Coal India Ltd and NTPC officials, the draft of Fuel Supply

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NHPC to set up 100 MW wind project in MP

The country's largest hydro electric power producer, NHPC is foraying into wind power generation by setting up a 100 MW power project in Madhya Pradesh.

The Centre for Wind Power Technology under the Ministry of New and Renewable Energy had invited proposals for establishing wind energy

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Unipres to install high tensile steel press in India

It is reported that Japanese pressed parts manufacturer Unipres Corp is further expanding its global capabilities to make parts from high tensile strength steel.

The company already operates one press for high-tensile steel parts at a base in Guangzhou, China. Now a 2,000 tonne transfer

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Indian import parity price for CRC goes down

As per market prices prevailing at Mumbai on April 27th, 2009, import parity pricing for CRC in 0.4 mm thickness is about USD 582 per tonne on CNF basis as compared to USD 586 per tonne as April 20th 2009.

Following expenses are factored in
1. Port expenses at INR 400 per tonne for break

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Sterlite Industries announce results for Q4 and full year

Sterlite Industries (India) Limited, India’s leading diversified mining and metal company with interests and operations in aluminium, copper, zinc and lead and commercial power today announced its results for the fourth quarter and FY 2009.

BALCO
Aluminium production for Q4 and FY

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US slaps AD duties on Indian steel plate imports

According to the US Commerce Department, they have made final determination on the anti dumping investigation for hot rolled plate from Indian Essar Steel.

It is declared that the weighted average anti-dumping duty would be imposed on Essar by 5.01%. This decision is made through full

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Indian Steel Price Index reflects stability on 28th April

The domestic Indian Steel prices remained stable on April 28th 2009. The Indian Long Product Price Index ILPPI remain unchanged, whereas Indian Flat Product Price Index IFPPI dipped by 1 points. The overall Indian Steel Price Index INDSPI too dipped by just 1 point.

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Poll results (Week 17) - Iron ore prices will settle at 35% to 40% cut?

Question - Iron ore prices will settle at 35% to 40% cut?

Results

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Monday, April 27, 2009

Stimulus plans - ASSOCHAM for setting up infrastructure fund

Since there being no single agency to fund infrastructural requirements which are likely to be worth USD 90 billion by 2011-12, The Associated Chambers of Commerce and Industry of India has suggested creation of Infrastructure Financing Fund through which states and central departments can

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Steel scrap prices improve by 3% in Mumbai

The scrap prices remained upbeat on April 27th 2009 in line with the firming up of the international prices.

Melting scrap
80:20
HMS

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Recession reports - RBI sees prolonged effect in India

Warning that the worst may not be over yet, Mr D Subbarao Reserve Bank Governor has said the global economic recession may not only continue through 2009 but could prolong to the next year as well.

Mr Subbarao at the International Monetary Fund-World Bank spring meetings said that "Even

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Structural Steel prices reverse in North and Central India

The long product prices retarded primarily Raipur and Mandi on April 27th 2009. The quantum was large enough to annul the correction in other regions.

Delhi

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UGSL to double Khopoli service center capacity

ET reported that Uttam Galva Steel Limited plans to invest INR 400 crore in enhancing capacity of its service centre and adding new product mix over the next one year.

Mr Ankit Miglani director of UGSL said that the investments would be largely funded through a mix of internal accruals and

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HRC and Plate prices improve by 1% and 2% respectively

The correction in flat product prices was ignited after a gap of almost 3 weeks on April 27th 2009. However the correction was far and scattered to be coined as a revival trend.

Kolkata

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South Korea goes to WTO on steel import barriers by India

ET reported that a major steel exporting country South Korea has asked India to explain to WTO why it has imposed import curbs on steel items.

As per report, South Korea can challenge the restrictions at WTO’s dispute settlement body, which would then decide the fate of these curbs,

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EUROFER sees trade protectionism intensifying on Indian move on HR

India initiates a steel safeguard investigation on hot rolled flat steel imports on top of an already ongoing anti dumping procedure for the same products. At the G20 London meeting on of April 2nd 2009, delegates reaffirmed their commitment made in Washington to refrain from

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Indian Steel Price Index reflects reversal for longs

The domestic Indian Steel prices remain unchanged on April 27th 2009. But the Indian Long Product Price Index ILPPI declined by 13 points, whereas Indian Flat Product Price Index IFPPI increased by 13 points. The overall Indian Steel Price Index INDSPI remained unchanged.

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Sunday, April 26, 2009

India to build rail line to Ladakh

BL reported that the ambitious and strategically crucial project to link mountain locked Ladakh region of Jammu and Kashmir with rest of the country by train has moved a step closer to fructification with the Railways finalizing the feasibility report in this regard.

The first rail link is

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Slowdown signs - Indian cement exports contract to 8 year low

Exim News Service reported that India’s cement exports have hit a eight year low in 2008-09 following the imposition of curbs on shipment of the material.

As per report companies which have a capacity to manufacture 212 million tonnes of cement a year exported barely 3.2 million

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Rays of recovery - Goldman Sachs sees recovery in H2

Global financial major Goldman Sachs expects the Indian economy to recover from slowdown in the second half of this fiscal, if a stable government is formed after general elections.

Goldman Sachs said that "The evidence appears to suggest that if a stable government were to come to power,

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Visa Steel upbeat on INR 5,000 crore turnover in five years

According to its Mr Vishal Agarwal MD of Visa Steel Ltd, Visa Steel Ltd will achieve a significant jump in turnover in the next few years.

Mr Agarwal told Business Line that “Visa Steel’s turnover will jump five times as much in five years.”

Mr Agarwal explaining that

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Macroeconomic indicators - RBI expects 6% growth in 2009-10

Global finance leaders were told that notwithstanding several challenges, the Indian economy remains resilient and is expected to grow at around 6% in 2009-10 with fiscal and monetary stimulus measures cushioning the downturn.

Mr Duvvuri Subbarao Reserve Bank of India Governor said that

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Fitch assigns highest rating to SAIL long term debt

Global rating agency Fitch has assigned the highest national credit quality rating to the steel maker SAIL's long term debt program of INR 2,000 crore.

Fitch in a note said that "It has assigned Steel Authority of India Ltd's proposed INR 2,000 crore long term bond program a national

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India may impose higher duty on flat products - Reports

ET re[ported that the Indian government is considering levying a safeguard duty of 25% on key steel products imported from some of the countries to protect the domestic industry against damages from cheap arrivals.

ET report cited an official as saying that the Directorate General of

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Monday Market Monitor - India (WEEK 17) - Buoyancy continues

Indian Steel Prices rallied for the third consecutive week. The Indian Long Product Price Index ILPPI bounced by whopping 160 points, whereas the Indian Flat Products Index IFPPI improved by only 11 points. The overall price index INDSPI rebounded by healthy 89 points.

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Friday, April 24, 2009

Qatar to major petrochem research hub

It is reported that Qatar will become a major research and development hub in the next five to 10 years that will develop modern petrochemical products technology.

Developed by experts from Qatar University, the research and development centre would become self reliant in advancing studies

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SAIPA listed in ME's 100 top companies

Mehr News Agency reported that Iran’s No.2 giant automaker was listed in the 100 top companies of the Middle East.

As per report, SAIPA stands at 89th place of the Middle East Economic Digest’s list in terms of market volume. It is the second largest Iranian auto manufacturer

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National Iranian Oil Tanker awards VLCC deal to Daewoo shipbuilding

National Iranian Oil Tanker Company has awarded a USD 128 million contract to South Korea's Daewoo Shipbuilding and Marine Engineering for the supply of a very large crude carrier a ship weighing more than 160,000 tonnes.

According to Iran's official energy news agency Shana, NIOTC will

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Mr Wattoo to inaugurate 1st steel conference

Daily Times reported that the first iron and steel conference will be held on April 29th 2009 in Lahore.

According to the organizers on last Tuesday, Mr Mian Manzoor Wattoo Industries and Production of Pakistan will inaugurate the conference that will discuss the new iron policy, problems

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Dana Gas seeks to surpass 2008 achievements

It is reported that Dana Gas PJSC outlined the key business achievements made by the company in 2008 at the Annual General Meeting which took place today in Sharjah and is looking ahead to the future with confidence.

Mr Hamid Dhiya Jafar executive chairman of Dana Gas said that the Group is

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Turkish scrap price goes up as demand increases

It is reported that last week, Turkey began purchasing scrap in big volume. The main reasons are that mills want to supplement inventory and the steel orders from Egypt and United Arab Emirates increased. It is expected that mills will be going on to purchase scrap but might not be as much as

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Rebar prices increase marginally due to non-availability of stocks

Emirates Business reported that price of reinforced steel bars have registered a marginal increase and have moved up from USD 475 per tonnes last week to about USD 490 per tonnes. The booking prices, especially from Turkey have increased due to rise in cost of raw materials and

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Monday, April 20, 2009

Pakistani cement maker cuts price by PKR 50 per bag

The news reported that one of two giant cement manufacturers in the country has reduced cement price by PKR 50 to PKR 300 per 50kg bag in Sindh province. However, other cement manufacturers have kept prices unchanged across the country.

Mr Walibhai Patel cement dealer said that Lucky Cement

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New masterplan for Al Ain revealed

TradeArabia reported that the Urban Planning Council has launched a new masterplan for Al Ain city.

Known as Plan Al Ain 2030, this visionary plan presents a coherent picture for the future of Al Ain as an environmentally, socially and economically sustainable city.

It proposes new ways

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Pakistani PM inaugurates wind power plant in Jhimpir

Pakistan News cited that Mr Yousf Raza Gilani PM of Pakistan as saying that Pakistan would have to take benefit of the alternate energy sources in existing situation.

Mr Gilani was addressing the inaugural ceremony of Pakistan’s first Wind Power Plant on Sunday in Jhimpir near

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Conference on innovative building materials

A simple treatment of a Nano coating to building surfaces could leave an entire structure unscathed in the event of an overwhelming fire. Details about this application along with a multitude of similar practical developments will be the subject of the Nano Cement, Steel & Construction

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SABIC approves SAR 9 billion dividends to shareholders

Zawya reported that Riyadh SABIC’s General Assembly held a meeting recently under the chairmanship of Prince Saud Ibn Thenayan Al-Saud, chairman of the Royal Commission for Jubail and Yanbu and Chairman of the SABIC Board of Directors.

The General Assembly approved payment of SAR 9

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Aqaba Container Terminal expands services

Albawaba reported that Aqaba Container Terminal has invested in new equipment to optimize yard capacity and achieve higher levels of customer satisfaction in the Levant region.

As per report, ACT has signed a contract for two new Ship To Shore gantry cranes that have 18 row outreach and

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Pakistan Railways to procure 530 wagons from China

With the financial collaboration of Islamic Development Bank worth USD 7 million, a signing ceremony for the procurement and manufacturing of 530 newly designed high capacity bogie wagons, including Brake vans, was held between the Ministry of Railways and Chinese Firm Dongfang Electric

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Thursday, April 16, 2009

TATA Steel expects to post 20% growth in 2009-10

According to Mr B Muthuraman MD of TATA Steel, in 2009-10 TATA Steel hopes to post 20% growth in production and sale in its Indian operation as compared to an estimated growth in steel demand of 4 to 5% for the economy as a whole.

Mr Muthuraman said that in 2008-09, the company’s

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Indian Steel Price Index reflects mild recovery

The domestic Indian Steel prices rallied a bit on April 15th 2009. The Indian Long Product Price Index ILPPI improved by 20 points, whereas Indian Flat Product Price Index IFPPI increased by 8 point. The overall Indian Steel Price Index INDSPI increased by 14 points.

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SAIL may double CAPEX in 2009-10

According to Mr SK Roongta chairman of Steel Authority of India, Steel Authority of India's capital expenditure for the year to March 2010 will increase by 1.5 to 2 times from the previous fiscal year.

State run Steel Authority in a statement said that its capital expenditure on the year

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Sumitomo Metals refutes media reports on Indian venture

Sumitomo Metal Industries Ltd announced that it has been considering various business opportunities in India and other countries but has not entered into any specific negotiation or reached any decision, as described in some

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Rays of recovery - CMIE sees improved steel demand to continue

Economic think-tank Centre for Monitoring Indian Economy has said that the demand for steel has improved and the trend will continue in the current fiscal.

CMIE in its monthly review of the Indian economy said that "The ongoing government funded infrastructure projects during the peak

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CAPEX cuts - ArcelorMittal to delay Indian projects by 2 year

Amid sharp decline in steel demand due to global economic slowdown, steel giant ArcelorMittal may half the size and slash its investment for the first phase of its INR 1,00,000 crore projects in India.

The world's largest steel maker also sees a delay of at least two years in commencing

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Indian Steel Market - burnout visible

Steel regained its sheen in the month of March as most of the steel majors registered record sale. The positivism was reinforced by the anticipation of price hike by steel majors on culmination of FY2008-09. The seasonality of demand as well the psychosis of price hike prompted traders to

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Tuesday, April 14, 2009

Indian Railways earns 9% more on scrap in 2008-09

According to initial estimates, high commodity prices in the first half of 2008-09 fiscal and increase in scrap volumes have helped the Indian Railways earn about INR 3,005 crore by selling rail scrap in 2008-09. This is almost 9& higher than the corresponding figure of INR 2,770 crore in the

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JSW not to raise domestic steel prices

BL reported that Indian steel manufacturers are not considering any price rise even as domestic demand has revived, making up for slump in the overseas markets, which may see a decline in exports by half in 2009-10 compared to the previous year.

Mr Sajjan Jindal chairman & MD of JSW Steel

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BSL expands capacity at Orissa plant

Delhi based steel major Bhushan Steel has expanded the production capacity of its integrated steel plant based in Orissa five times to 2.5 million tonne per annum. So far, investments worth INR 7,000 crore have gone into boosting the capacity by 2 million tonne per annum at the plant.

The

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Adhunik Metaliks plans 30 million tonne port in Orissa

BS reported that Adhunik Group’s Adhunik Metaliks plans to set up an all weather commercial port at Barunei Muhan in Kendarapara district of Orissa. It will be located near Jambu, 30 kilometres north of Gahirmatha.

The proposed port will have a 13 meter draft and will have all the

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Indian import parity price for HRC goes up a bit

As per market prices prevailing at Mumbai on April 13th 2009 import parity pricing for HRC in tube making grade is about USD 493 per tonne on CNF basis as compared to USD 490 per tonne as April 6th 2009.

Following expenses are factored in
1. Port expenses at INR 400 per tonne for break

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SAIL likely to form JV with SCI

Project Today reported that Steel Authority of India is likely to set up a 50:50 JV with Shipping Corporation of India to evade the fluctuating shipping costs and smooth up logistics.

SAIL has appointed Deloitte as consultants for the project. The company has already submitted a preliminary

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Indian Steel Price Index - Burn out symptoms visible

The domestic Indian Steel prices remained stable on April 14th 2009. The Indian Long Product Price Index ILPPI dipped by 3 points whereas Indian Flat Product Price Index IFPPI remained unchanged. The overall Indian Steel Price Index INDSPI dipped by 2 points.

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Sumitomo to form BF JV with BSL

Nikkei reported that Sumitomo Metal Industries Limited may form a blast furnace steelmaking venture in India with Bhushan Steel Limited. The new JV is expected to be majority owned by Bhushan, with Sumitomo holding a 30% to 40% stake.

The plant is expected to have annual production capacity

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HRC up but Plates down by 1% each

HRC, CRC and GP prices improved by 1 -2% but Plates dipped by 1%

Kolkata

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TMT prices soars by 4% in Kolkata

Long product prices exhibited resilience on week opening with Kolkata and Indore taking the lead with an impressive jump of 4% in prices of TMT and structural steel in Kolkata and 2% and 1% in Indore respectively.

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Indian Steel prices - week opens on a positive note

The domestic Indian Steel prices rally. The Indian Long Product Price Index ILPPI improved by 36 points, whereas Indian Flat Product Price Index IFPPI increased by 8 point. The overall Indian Steel Price Index INDSPI rallied by 23 points.

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Thursday, April 9, 2009

China Iron Ore 2009 Conference

China Iron Ore 2009 Conference
Sofitel Wanda, Beijing, China on 28 Apr, 2009
Contact : events@steelguru.com


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15th World Steel Conference

15th World Steel Conference
Imperial Riding School in Vienna on 19 Apr, 2009
Contact : events@steelguru.com

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Our effort is centered around steel industry but also covers related fields like raw materials, mining, equipments and logistics etc. We also cover consuming segments like auto, pipelines, infrastructures and shipbuilding etc. General economic indicators and other factors influencing steel business are also covered.

Our team collects news from various sources and edits them to make them easy to read and reader friendly and than post about 100 of them on the website 365 days a year without any break.

Interested users can also submit their basic details by clicking on “New Registration” on our home page for receiving our flagship email newsletter, Steel Trade Today (STT), which is published in 7 versions, absolutely free of charge. Each version has three parts specific news, other news and headlines of balance news with links to website.
1. International
2. Chinese
3. Indian
4. Middle East
5. Russian
6. Raw materials and mining
7. Special steels

SteelGuru website has some more features including advance search function, archives, technical information, specifications, glossary and converters etc, which can be accessed by a registered user only. We also partner with industry related events to keep our readers informed about them. In addition, we are selling reports on the industry, most of which are published by other agencies.

For specific information on steel prices, we are launching 3 paid ventures
http://www.steelprices-india.com
http://www.steelprices-china.com
http://www.steelprices-middleeast.com
You may like to visit them to know the service parameters.
In case you are interested in partnering these ventures for balance regions, please send a mail at editor@steelguru.com

SteelGuru was started in June 2005 and now our web site gets more than 20,000 page hits per day, which makes it the most popular steel portal in English language globally. In addition there are more than 30,000 subscribers spread across 138 countries, who receive STT everyday, making STT largest circulating news letter on steel in the world. Over this period our news data base has swelled to more than 40,000 articles, which can be accessed through search function.

SteelGuru is operated by a team consisting of several steel industry insiders, as well as IT professionals. The entire effort is supported by the Major & Minor Group.

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