Chinese domestic steel beam price update on July 30

Beam #25 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 0 0 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 106 16 Wuhan 0 0 Zhengzhou 0 0 Beijing 104 15 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average 9 1 Change is on 30th July as compared to 29th July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Cochin Port officers reject pay revision order

The Cochin Port Officers' Association has decided to recommend to the All India Major Ports and Dock Officer's Federation to reject the order of the Shipping Ministry revising the pay and allowances of officers in the port sector with effect from January 1st 2007. The Association, in its More I...

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BDI nearing 2000 points mark on July 30

It is reported that on July 30th 2010, Baltic Dry Index reached 1967 points, up by 25 points as compared to July 29th 2010. Capsize BCI Change SPOT 4 TCE AVG 1922 +36 INDEX 14965 +522 July 29th 2010 14443 Year Ago 60321 All except INDEX in USD Change is with respect to numbers on July 29th 2010 Panamax BPI Change INDEX 2632 +50 SPOT 4 TCE AVG 21155 +403 July 29th 2010 20752 Year Ago 27599 All except INDEX in USD Change is with respect to numbers on July 29th 2010 Supramax BSI Change INDEX 1760 -4 SPOT 4 TCE...

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Eramet announces H1 2010 financial results

The board of directors of Eramet, meeting on July 28th 2010 under the chairmanship of Mr Patrick Buffet, prepared the financial statements for the first half of 2010. Item H1 09 H1 10 Change Turnover Eramet Manganese 565 932 65% Eramet Nickel 310 483 56% Eramet Alloys 420 378 -10% Holding company & eliminations -3 -5 NS Eramet Group 1,292 1,788 38% Current operating income (loss) -223 341 NS Net income (loss), Group share -213 175 NS Earnings per share (�) -8.23 6.65 NS Net cash 926 1,062 NS In EUR millions Global...

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ABB buys 23pct stake in Indian subsidiary

ABB, a global power and automation technology group, has successfully increased its stake, through an open offer from 52.11% to 75% in its Indian subsidiary. During the three week offer period, which closed on Tuesday, shareholders of ABB India tendered approximately 23% of the outstanding More I...

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POSCO war zone - Pro POSCO group halts re survey

After protracted agitation by the anti POSCO brigade, it is now a pro POSCO outfit which has turned its ire against the POSCO steel project on the compensation issue, halting the resurvey and land acquisition work launched yesterday at the project site. Supporters of United Action Committee More I...

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Macroeconomic indicators - Indian core sector poorest show in 11 months

The six core sector industries grew at the slowest pace in eleven months at 3.4% in June from a year ago, confirming fears that the ebbing shift in industrial growth that surfaced last month is for real. Factory output eased to 11.5% in May, the slowest in seven months, after which experts More I...

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Steel wire rod prices remain flat in major places

WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Raipur 0 Rudrapur 0 Change is on 29th July as compared to 28th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Government expects to fast track SAIL FPO

The government is expected to fast track the stake sale in steel maker SAIL by using a route that exempts the company from seeking comments on its draft offer from the regulator and exchanges. The follow on public offer which will see the government divesting 10% of its stake and the More I...

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Steel light channel prices movement on July 29

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 287 Raipur 0 Rudrapur 0 Change is on 29th July as compared to 28th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar...

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Wide steel plate price up in Mumbai on July 29

PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mumbai 227 Raipur 0 Rudrapur 0 Change is on 29th July as compared to 28th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Steel plate cuttings price recovers further at Alang

Product Grade Size Change Plate cuttings Rolling 1" 200 Ship Scrap Melting Mixed 100 Change is on 29th July as compared to 28th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Government update on investment under NMDP

Mr GK Vasan minister of shipping informed the Rajya Sabha that as on March 31st 2010, 50 projects have been completed under the National Maritime Development Program in the Port Sector at a cost of INR 5717.28 crores. n addition 74 projects of are under progress envisaging an investment of INR 18502.68 crores. Mr Vasan said that “Out of the total investment of INR 55804.00 crores in the Port Sector a major portion of investment is envisaged to come from the private sector. To attract and encourage private sector investment in the Port Sector...

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Reliance Broadcast wins Delhi Metro contract

Reliance Broadcast Network Ltd’s out of home division has been awarded the Line III of Delhi Metro Rail Corporation for a five year period. The reports added that it has also signed a 22 year contract with the Municipal Corporation of Delhi for beautifying a 25 kilometer stretch of More I...

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Larsen and Turbo outlook for 2010-11

Larsen and Turbo said that “Indian economy continues to grapple with the challenges of inflationary pressure, rising interest and commodity prices and fallout of the global economic concerns. Nevertheless the economy is witnessing a number of positive signs such as near normal monsoon, More I...

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Mr Mohanty appoints as new MD of SAIL BSL

It is reported that Mr Shashi Shekhar Mohanty will take over as the new managing director of the Bokaro Steel Limited a unit of the Steel Authority of India Limited on August 1st 2010. The SAIL corporate office issued a notification to this effect recently. Mr Mohanty is currently More I...

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POSCO war zone - Panel to check complaints against project

It is reported that the Indian government has constituted a four member committee to ascertain the status of implementation of the Scheduled Tribes and Other Forest Dwellers Act 2006 and other rehabilitation measures taken before granting final approval for diversion of forest land for the More I...

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Vedanta vendetta - Avatar characters visit Vedanta AGM in London

Survival International reported that Two Na’vi from James Cameron’s film Avatar paid a visit to Vedanta Resources’ Annual General Meeting at Westminster in London. The Na’vi joined tribal rights organization Survival International in a demonstration against Vedanta, over its controversial plan to mine the sacred mountain of India’s Dongria Kondh tribe. Mr Martin Horwood MP, Chair of the all party parliamentary group for tribal peoples, also attended the AGM, whilst former Monty Python star Michael Palin sent a message of support “‘I've been to...

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Sri Lanka to import coal from Indonesia and Australia

Sri Lanka Ministry of power and Energy announced that they plan to import coal from Indonesia and Australia. Sri Lanka imports coal to use for power generation. Sri Lanka's first coal power plant is to commence power generation from September this year. The present annual need of coal in More I...

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Grupo Simec announces Q2 and H1 2010 results

Grupo Simec has announced its results of operations for the sixth month period ended June 30th 2010. Net sales increased by 38% to MXN 9,242 million in the first half 2009 as compared to MXN 12,760 million in the same period 2010. Shipments of finished steel products increased by 19% from steelguru....

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Changfeng Motor expects net profit in H1 to surge by 150pct YoY

It is reported that Hunan Changfeng Motor expects net profit attributable to shareholders to surge 150%YoY in the first half of 2010. The company recorded first half 2009 net profit attributable to shareholders of CNY 53.9 million while earnings per share was CNY 0.1. Changfeng Motors More I...

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Huaneng Power cuts prices for share sale

It is reported that China listed power firm Huaneng Power International lowered prices for its planned private placement of shares in Shanghai and Hong Kong but left its fundraising target basically unchanged. Huaneng said it now plans to sell up to CNY 1.5 billion denominated A shares to More I...

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Steel melting scrap price down in Kandla

Melting scrap 80:20 HMS Location Change Alang -100 Chennai 0 Hyderabad 0 Kandla -400 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Rudrapur 0 Change is on 28th July as compared to 27th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Ahwaz Rolling and Pipe HRC output up by 30pct

According to the newly published figures from the Iranian Mines and Mining Industries Development and Renovation Organization, Iranian steelmaker Ahwaz Rolling and Pipe Company produced 136,000 tonnes of hot rolled coil in the first 3 months of the current Iranian year up 30% compared to More I...

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New International Container Transshipment Terminal at Cochin

Mr GK Vasan minister of shipping informed the Lok Sabha said that an International Container Transshipment Terminal is being established in Cochin Port. As of today 95% of the physical completion of the ICTT has been achieved. The first phase of the terminal is expected to be ready f...

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Cairn India may get more time to explore Rajasthan oil field

The government may give additional time to Cairn India for exploring more oil and gas in its producing Rajasthan oil field provided the company agrees to pay levies in proportion to its stake in the energy asset. At present its 30% partner, state owned Oil & Natural Gas Corp pays the entire More I...

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JSW Steel to raise INR 7000 crore for Bengal project

It is reported that Mr Sajjan Jindal’s JSW Steel is set to raise over INR 7000 crores for it’s Greenfield steel project in West Bengal. JSW Bengal has got the approvals for setting up a 3 million tones steel plant at Salboni in the West Midnapur district of West Bengal. The More I...

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Arab association wants measures against Turkish rebars

Hurriyet Daily News reported that Turkey’s increasing steel exports to Arab countries, accounting for 40% of the domestic consumption, have begun to worry the Arab Iron and Steel Union, which is now requesting urgent protectionist measures. AISU said that Turkish steel exports topped USD 1.8 billion during the first half of 2010 Muhammad Laid Lachgar secretary general of AISU said that rebar exports from Turkey have particularly caused great harm to Arab producers He said “Turkey, which exported 2.9 million tonnes of steel during the first quarter...

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Probe in Lanco land purchase

In a jolt to the Lanco power project in Dhenkanal, the district collector Mr Girish S N has ordered an inquiry into the direct purchase of tenancy land belonging to ayacut area by independent power producer Lanco Babandh Power Company despite the ban order. The collector's order has come in the wake of allegations of purchase of irrigated land from the tenants by the company. There have been allegations of recent purchase of 37 plots of land belonging to the ayacut area by the company and the district collector has asked the local sub registrar...

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Steel plate cuttings price recovers at Alang

Product Grade Size Change Plate cuttings Rolling 1" 200 Ship Scrap Melting Mixed 100 Change is on 27th July as compared to 26th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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HR steel prices down in Kolkata and Mumbai

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata -453 Ludhiana 0 Mumbai -453 Change is on 27th July as compared to 26th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Long product trends in Iranian market in week 29

Last week long products prices reached the pick of last 4 months. The reason is that in last 2 months sections prices were down ward and reached the bottom with no demand in the market but since a month ago, these products demand especially rebar increased because of governmental housing More I...

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Steel light channel prices movement on July 27

CHNL GR A 75/100 Location Change Ahmedabad 115 Bangalore 0 Chennai 0 Delhi 0 Indore 400 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 344 Raipur 728 Rudrapur 0 Change is on 27th July as compared to 26th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address...

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Chinese domestic CR steel price shown improvement

CR 1mm Location In CNY In USD Shanghai 20 3 Hangzhou 0 0 Nanjing 0 0 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin 56 8 Chongqing 0 0 Chengdu 0 0 Kunming 44 6 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Qingdao 0 0 Average 5 1 Change is on 27th July as compared to 26th July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe...

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Petron Engineering bags INR 586 million order from NTPC

Petron Engineering Construction announced that it has bagged order worth INR 586.300 million from NTPC. The order work includes supply of electrical equipment & erection package and its installation, testing, commissioning etc. for their thermal power projects at Rihand Nagar, Sonebhadra, More I...

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Macroeconomic indicators - RBI may raise key rates

With headline inflation running into double digits, the Reserve Bank of India is likely to increase key policy rates by 25 to 50 basis points in its first quarterly review of the monetary policy. Industry body Assocham said that "The RBI is likely to unveil hawkish monitory measures such More I...

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Jharkhand plea for setting up of nuclear power plant

The Jharkhand government made a strong plea before the Centre for setting up a nuclear power plant in the state in view of availability of uranium there. It also requested the Centre to include three more districts including state capital Ranchi in the list of left wing extremism affected More I...

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Usha Martin Q1 consolidated net up by 30pct

Usha Martin Limited consolidated net profit of increased by 30.7% in the Q1 of this fiscal at INR 41.86 crore over the same period previous fiscal. The company’s net sale of the company during the quarter stood at INR 673.15 crore, reflecting a rise of 10.6% over the same period previous More I...

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KIOCL set to buy Tungabhadra Steel

BS reported that state owned KIOCL Ltd a is all set to acquire Hospet-based Tungabhadra Steel Products Ltd a sick PSU engaged in the business of structural fabrication, for an estimated cost of INR 150 crore. Mr K Ranganath CMD of KIOCL said that “The department of heavy industries, More I...

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Steel melting scrap price update on July 26

Melting scrap 80:20 HMS Location Change Alang 300 Chennai 0 Hyderabad 1000 Kandla 0 Kanpur 174 Kolkata -91 Mandi 181 Mumbai 0 Rudrapur 0 Change is on 26th July as compared to 23rd July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Sinopec H1 Natural gas production up by 41pct YoY

Xinhuanet quoted company statistics said China Petroleum and Chemical Corporation recorded a 40.73%YoY increase in first half 2010 natural gas production to 200.56 billion cubic feet. Crude oil productions in the first half total 149 million barrels up by 0.05%YoY. The amount of crude oil More I...

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Construction steel sees strong rebound in Shanghai

It is reported that construction steel price in shanghai market saw a round of strong rebounds in past days with some steel mills also rushed to lift the prices. Mysteel observers learned from the market players that desire for price rise may have played an important role and yet, the More I...

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Sponge iron price update on July 26

Sponge iron Location Change Bellary 400 Kolkata 0 Raigarh 0 Raipur 0 Rourkela 0 Change is on 26th July as compared to 23rd July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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HR steel prices remain flat on July 26

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana 0 Mumbai 0 Change is on 26th July as compared to 23rd July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Chinese domestic steel wire rod price update on July 26

WRC 6.5mm Common Location In CNY In USD Changsha -20 -3 Chengdu 0 0 Chongqing -20 -3 Guiyang 0 0 Hangzhou 41 6 Harbin 0 0 Kunming 0 0 Nanchang 0 0 Nanjing 13 2 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 0 0 Zhengzhou 0 0 Average 1 0 Change is on 26th July as compared to 23rd July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com....

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Egypt and Saudi Arabia link up power grid

According to Mr Aktham Abul Ela Egyptian electricity ministry undersecretary, a project aimed at linking the power grids of electricity hungry Egypt and Saudi Arabia to help meet peak time demand is expected to cost about USD 1.5 billion. An international tender for work on the project is More I...

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Billet market trend in Iranian market in week 29

Higher price of long products especially rebar ended in an increase of USD 40 per tonne for billet price during last week comparing with a week ago in Iran. Average price of rebar was up by USD 40 per tonne and prevailing around USD 740 per tonne FOT Iranian northern port including 3% VAT. More I...

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Vizag Seaport to develop bulk material handling facility

Vizag Seaport Private Ltd, a public private initiative, will invest INR 150 crore in developing a bulk material handling facility near the Visakhapatnam Port in Andhra Pradesh. Mr Ragam Kishore CEO of VSPL said that the company has been allocated 50 acres of land by the Visakha Port. The More I...

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POSCO war zone - FRA issues likely to delay land acquisition further

The views of the Union Ministry of Environment and Forest panel on violation of Forest Right Act in the POSCO project site area is likely to further delay the land acquisition process and precipitate the problems for the South Korean steel major which has been facing uphill task in acquiring More I...

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Monday Market Monitor - India - WEEK 29 - Unvanquished

The Indian Long Product Price Index ILPPI dropped further by 7 points last week. Indian Flat Products Index IFPPI also dropped by 81 points. The overall price index INDSPI declined by 42 points. Class 16-Jul 23-Jul Change % ILPPI 6755 6749 -7 -0.1% IFPPI 7712 7631 -81 -1.0% INDSPI 7211 7169 -42 -0.6% ILPPI - Indian Long Product Price Index IFPPI - Indian Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 16-Jul 23-Jul Change % PI - TMT 6611 6608 -3 0.0% PI - WRC 7125 7111 -14 -0.2% PI - Angle 6436...

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Chinese province seamless steel tube output in H1 2010

It is reported that Chin province wise seamless steel tube output during January to June 2010 total 11.96 million tonnes which Jiangsu topping the table. Province Jun'10 Jun'09 Change H1'10 H1'09 Change Total 2.30 1.91 20.2 11.96 10.33 15.8 Jiangsu 0.36 0.35 3.5 1.89 1.82 3.7 Tianjin 0.37 0.28 32.3 1.87 1.76 6.6 Shandong 0.36 0.29 26.0 1.86 1.40 33.3 Zhejiang 0.17 0.15 12.8 0.88 0.73 21.1 Henan 0.13 0.07 85.7 0.82 0.41 102.0 Hunan 0.09 0.09 8.0 0.53 0.44 20.4 Sichuan 0.10 0.10 -1.0 0.51 0.54 -7.0 Hebei 0.10 0.08 26.8...

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World top 20 flat product producers in early 2010

Rank Company Base Capacity 1 ArcelorMittal Group UK 104.0 2 Shanghai Baosteel Group China 32.2 3 JFE Steel Group Japan 31.5 4 Nippon Steel Group Japan 30.8 5 US Steel Group USA 28.6 6 AnBen Group China 27.6 7 POSCO Group Korea Republic 27.1 8 ThyssenKrupp Group Germany 20.8 9 Severstal Group Russia 18.7 10 TATA Corus Group India 17.1 11 Wuhan Iron & Steel Group China 15.4 12 China Steel Group Taiwan 13.5 13 Jiangsu Shagang Group China 13.3 14 MMK - Magnitogorsk Iron & Steel Russia 12.9 15 Riva Group Italy 12.3 ...

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Poll results (Week 29) - Steel scrap price recovery to continue

Question - Steel scrap price recovery to continue Results Answer % Yes 70 No 26 Can't say 4 Total votes polled - 54 These are the results of on line poll on www.steelguru.com during Week 29 of 2010 (July 19th 2010 to July 24th 20...

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Nippon Steel eyeing steel capacity expansion to 60 million tonnes

Nikkei quoted Mr Akio Mimura chairman of Nippon Steel Corporation as saying that the company hopes to produce 60 million tonnes of steel a year at domestic and overseas plants. At a lecture in Tokyo, Mr Mimura said that the company's annual domestic production capacity is currently 30 More I...

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OMC start installation of major equipment Stana 5000 Vyksa

United Metallurgical Company has started installation of major equipment Stana-5000 on the territory of Vyksa Steel Works. Installation is scheduled for completion in February 2011 after which will be cold and comprehensive tests. In parallel with the installation continues to supply More I...

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Chinese ports ordered to enhance safety after pipeline blast

Xinhua quoted the Ministry of Transport said one week after two oil pipelines in Northeast China Dalian Xingang Port exploded and spewed oil into the Yellow Sea that Chinese ports must strengthen safety measures. The ministry said ports must perform checks and remove safety hazards ahead of More I...

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Housing and automobile slow down in China depresses steel industry

China Business News cited Mr Li Yizhong MIIT director as saying that slowdown growths for such industries as housing and automobile etc have lent tangible influence on steel and the construction sectors. Yet, the ministry forecast annualized industry growth rate can still meet some 13% this More I...

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UAE has highest OPEC quota compliance

Gulf News reported that the UAE in June had the highest quota compliance with the Organisation of Petroleum Exporting Countries re adjusted quota for member countries. International Energy Agency said that "OPEC's largest producer Saudi Arabia pumped 200,000 barrels per day above target More I...

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Ramkrishna Forgings profit zooms above 4 times

Ramkrishna Forgings disclosed a phenomenal rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 4.41 times to INR 31.93 million from INR 7.24 million in the same quarter previous year. The company’s net sales for the quarter More I...

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Dolphin Offshore Q1 reports net loss of INR 123 million

Dolphin Offshore Enterprises Limited, one of the leading EPC contractors for the oil & gas industry announced the unaudited standalone financial results for the quarter ended June 30th 2010.The company reported revenue of INR 801.6mn for the quarter. The revenue for the corresponding quarter More I...

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TATA Steel to host Lifeline Express at Orissa Jajpur Road

Extending better healthcare facilities to the people living in the rural and inaccessible remote areas, TATA Steel will host the Lifeline Express, the world’s first hospital on wheels for the sixth time in Odisha at the Jajpur Road railway station from December 14th 2010 to January 15th More I...

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Chinese province wise rebar output in H1 2010

It is reported that China province wise rebar output in H1 total 64.10 million tonnes which Jiangsu topping the table Province Jun'10 Jun'09 Change H1'10 H1'09 Change Total 11.02 10.76 2.5% 64.10 56.37 13.7% Jiangsu 1.67 1.52 9.9% 9.68 7.99 21.1% Hebei 1.17 1.18 -0.3% 7.14 6.73 6.2% Shandong 0.98 0.86 14.1% 6.15 5.35 14.9% Anhui 0.69 0.52 33.8% 3.58 2.83 26.2% Sichuan 0.50 0.48 3.8% 3.30 2.99 10.2% Guangdong 0.63 0.54 15.8% 3.21 2.60 23.4% Henan 0.45 0.44 2.7% 2.95 2.61 13.1% Jiangxi 0.48 0.49 -1.8% 2.90 2.76 5.0% Sha'anxi...

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Update on crude stainless steel output by 7 Japanese firms in May

TEX reported that the output of crude stainless steel by major 7 stainless steel companies in Japan in May 2010 had a decline, following the same case in April. The total quantity of crude stainless steel produced by these 7 companies in May was 303,000 tonnes, down by 6.8% MoM as compared More I...

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Gazprom and CNPC held another round of negotiations

Another round of commercial negotiations relevant to arranging Russian gas supply to China was held between Gazprom and China National Petroleum Corporation in Beijing. The negotiations took place within the frame of the Supplement to the Russian-Chinese Memorandum of Cooperation in the More I...

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Auto prices in China may fall steadily - NDRC

According to China planning ministry, China vehicle prices may decline steadily in the second half of 2010 because of increasing inventories and pressure by wholesalers to meet sales targets. Mr Cheng Xiaodong an official with the National Development and Reform Commission said in a More I...

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Chinese domestic SBQ steel plate price update on July 23

Plates 20mm Ship Building Quality Location In CNY In USD Shanghai 54 8 Nanjing 42 6 Jinan 97 14 Fuzhou 0 0 Guangzhou 0 0 Wuhan -50 -7 Tianjin 90 13 Ningbo 44 6 Average 33 5 Change is on 23rd July as compared to 22nd July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service. For registration click or copy the link and...

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Japanese iron and steel output in figures for June

Item Jun '10 Change YTD 10 Change Pig Iron Production 6,899.1 135.3% 20,748.4 144.5% (For steelmaking) 6,877.2 135.1% 20,674.0 144.4% (For castings) 21.8 226.5% 74.4 179.4% Crude Steel Production 9,352.1 135.9% 28,062.6 147% (L.D. converter) 7,216.4 138.7% 21,727.0 152.2% (Electric arc furnace) 2,135.8 127% 6,335.6 131.6% (Ordinary steel ingot) 7,201.4 126.9% 21,762.0 137.8% (Specialty steel ingot) 2,119.0 179.8% 6,206.7 193.2% (For castings) 31.8 109.9% 93.9 106.5% (Total: Ordinary steel) 7,217.1 126.8% 21,807.5 137.7% (Total:...

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BDI further improves by 25 points on July 23

It is reported that on July 23rd 2010, Baltic Dry Index reached 1826 points, up by 25 points as compared to July 22nd 2010. Capsize BCI Change SPOT 4 TCE AVG 1708 -10 INDEX 12755 -108 July 22nd 2010 12863 Year Ago 60490 All except INDEX in USD Change is with respect to numbers on July 22nd 2010 Panamax BPI Change INDEX 2362 +75 SPOT 4 TCE AVG 18997 +600 July 22nd 2010 18397 Year Ago 27306 All except INDEX in USD Change is with respect to numbers on July 22nd 2010 Supramax BSI Change INDEX 1745 +22 SPOT 4 TCE...

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Kuwait gives initial nod for oil border post

Reuters reported that Kuwait has given initial approval to open a special border crossing with neighboring Iraq for international oil firms working there. Mr Abdul Mahdy Al Ameedi director of the Oil Ministry's licensing office said on the sidelines of a meeting between oil executives and More I...

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Steel association PNSA stops dealing with PSM

Pakistan National Steel Association, a representative body of dealers and traders, has announced to stop doing business with the Pakistan Steel Mills following the arrest of its members in an alleged corruption case. Mr Javed Shakoor General Secretary PNSA, comprising of authorized traders More I...

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TM International to provide marine services at Dhamra Port

TM International Logistics Limited a joint venture between TATA Steel and Germany's Martrade has ventured into providing marine services to the Dhamra port to be commissioned shortly. The company has acquired three tugs at a cost of about INR 110 crore from China. The tugs will be deployed More I...

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Laxmi Steel starts rebar mill at Nawalparasi in Nepal

It is reported that Laxmi Steels Pvt Ltd has recently started operations from its factory based in Nawalparasi. According to Mr Bishnu Neupane MD of Laxmi Steels the company aims to contribute substantially to the Nepali construction sector by making available high quality steel bar and More I...

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PetroChina Dalian refinery runs at normal rate

It is reported that PetroChina Co Dalian oil refinery is operating at a normal rate even as an oil spill closed nearby berths, because the plant relies on its own docks to ensure steady crude supplies and fuel shipments. PetroChina official at Dalian who declined to be named because he More I...

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Chinese domestic SBQ steel plate price remain flat

Plates 20mm Ship Building Quality Location In CNY In USD Shanghai 0 0 Nanjing 0 0 Jinan 0 0 Fuzhou 0 0 Guangzhou 0 0 Wuhan 0 0 Tianjin 0 0 Ningbo 0 0 Average 0 0 Change is on 21st July as compared to 20th July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service. For registration click or copy the link and paste it to...

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Chinese domestic steel billet price movement on July 21

Billets 150*150 Q235 Location In CNY In USD Fujian 92 14 Liaoyang 101 15 Linfen 107 16 Linzhou -50 -7 Shandong 48 7 Tangshan 0 0 Tianjin 69 10 Zibo 60 9 Average 53 8 Change is on 21st July as compared to 20th July 2010 Change is per tonne USD:CNY = 6.78 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service. For registration click or copy the link and paste it...

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Metinvest JSC Khartsyzsk production update for H1

JSC Khartsyzsk Tube Works part of Metinvest Group produced 8,590 tonnes of large diameter pipes. In June KhTW produced 8590 tonnes of large diameter pipes, which is by 15390 tonnes of pipes less than in May. Production volume is determined by the monthly production program. More I...

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Steel prices had bottomed and would likely pick up soon - SDI

Steel Dynamics Inc said that steel prices had bottomed and would likely pick up soon. Mr Keith Busse CEO of SDI said that "I believe as we progress into autumn we will see a better pricing environment and perhaps even more margin available to the steel side of our business." Mr Busse More I...

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CR steel price movement on July 21

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 21st July as compared to 20th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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GP steel HDG price update on July 21

GP 100Gms 0.40 Location Change Mumbai -218 Chennai 0 Kolkata 0 Delhi 0 Ludhiana 0 Kanpur 0 Rudrapur 0 Bangalore 0 Change is on 21st July as compared to 20th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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ALJ Regional Holdings Inc announces Q3 and 9 months results

ALJ Regional Holdings Inc has posted revenues of USD 31 million and USD 80.5 million for the 3 months and 9 months, respectively, ended June 30th 2010. This compares to USD 19.4 million and USD 85.8 million for the comparable 3 month and 9 month periods in fiscal 2009. ALJ is the parent More I...

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US launches AD investigation against Taiwanese steel pipe producer

Due to the financial storm in 2009, a Taiwan steel pipe producer was under anti dumping investigation for selling too low in 2009. The plant was asked by US government to produce documents regarding its costs. Though the anti dumping case was dropped in the end, US government raised tariff More I...

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Russian Copper Company is investing 328 million USD in Renovation of Karabashmed CJSC

Karabashmed CJSC is planning to increase production of blister copper to 120,000 tonnes per year. The ongoing renovation of the production facilities will also help to adjust the rate of smelter fume emissions to the world standards. The executive management of the Russian Copper Company More I...

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Uranium One intends to settle a deal with ARMZ

Uranium One Inc BOD approved the recommendation to the holders on the acquisition of 50% in Akabstau and 49.67% in Zarechnoe from Atomredmetzoloto. ARMZ will pay USD 610 million including USD 498 to the holders directly. ARMZ will get 365 million new common stocks of Uranium One. In view More I...

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NWR reports jump in coking coal and coke prices

Czech coal miner New World Resources said that it had negotiated significant rises in coke and coking coal prices for the third quarter, sending its shares higher. The company in a statement said that it secured an average 17% hike in coking coal prices for the third quarter compared with More I...

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Peabody Energy announces Q2 results

Peabody Energy announced that it Q2 2010 EBITDA rose 35% over the prior year to USD 440.4 million. Income from continuing operations increased USD 124.7 million to USD 214.7 million. Diluted earnings per share from continuing operations was USD 0.76 compared with USD 0.32 in the prior year. More I...

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South Africa to cancel Sishen rights - Business Day

Business Day reported that Kumba Iron Ore Ltd in March asked South African Mineral Resources Minister Susan Shabangu not to grant prospecting rights for the Sishen mine in the Northern Cape to Imperial Crown Trading because of mining law contraventions. The Johannesburg based newspaper More I...

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MUZ may block attempts by government to bring Vale

It is reported that the Mineworkers Union of Zambia may block attempts by government to bring Vale, a Brazilian mining company to operate in the country planned for this year because of its human rights record. Mr Rayford Mbulu president of MUZ urged the government to draw lessons from the More I...

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Chinese domestic steel plate price update on July 20

Plates 20mm Common Location In CNY In USD Beijing 112 17 Changsha 0 0 Chengdu 50 7 Chongqing 0 0 Fuzhou 0 0 Guangzhou 36 5 Hangzhou 71 10 Harbin 24 4 Hefei 0 0 Jinan 60 9 Kunming 0 0 Lanzhou 32 5 Nanchang 0 0 Nanjing 0 0 Shanghai 96 14 Shenyang 0 0 Shijiazhuang 60 9 Taiyuan 26 4 Tianjin 50 7 Wuhan 40 6 Xian 46 7 Zhengzhou 47 7 Average 34 5 Change is on 20th July as compared to 19th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe...

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Alcoa to return Aviles smelter to full output by Q4

Reuters reported that Alcoa Inc plans to return its 93,000 tonne per year aluminum smelter in Aviles, Spain to full production by the Q4 after it was idled due to heavy flooding in the region in mid June. Mr Chuck McLane CFO of Alcoa said that in the Q2, production at our Aviles smelter was More I...

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Steel light channel prices down in Indore

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 200 Chennai 0 Delhi 0 Indore -200 Kanpur 0 Kolkata 0 Mandi -104 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 20th July as compared to 19th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address...

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Chinese domestic steel beam price movement on July 20

Beam #25 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 4 1 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 60 9 Shenyang 0 0 Harbin 0 0 Chongqing 20 3 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average 4 1 Change is on 20th July as compared to 19th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Sponge iron price crashes at major places on July 20

Sponge iron Location Change Bellary 0 Kolkata -400 Raigarh -300 Raipur -500 Rourkela 0 Change is on 20th July as compared to 19th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Bulgaria and Austria to decide fate of Gorna Arda hydropower project

Novinite reported that an agreement over the construction of Gorna Arda hydropower project in southern Bulgaria, between Austria's energy firm EVN and Bulgaria's dominant state power utility NEK will be on the agenda during the visit of the prime minister in Vienna. It may be noted that More I...

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Article on history of Korean iron and steel development

Korea Times reported that in the early 1960s, Korea was targeting the establishment of the Integrated Plant for Iron and Steel Production strategy, not exactly a conceivable concept for an agrarian economy like Korea which at that time lacked capital, technology, manpower, and iron ore More I...

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Alstom announces Q1 financial results

During the first quarter of 2010-11, orders booked by Alstom amounted to EUR 3.1 billion. Sales, at EUR 4.7 billion, were slightly down as compared to the same period of last year. Power received orders of EUR 2 billion during the first quarter. The lack of large projects was partly offset More I...

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Kumba ArcelorMittal SA dispute will affect steel industry - Analysts

Business Report reported that disruptions to the supply of steel due to the dispute between Kumba Iron Ore and ArcelorMittal South Africa will spell disaster for some industries. Industry players said that demand and supply factors would push up prices, create shortages of steel, affect More I...

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MMK gives up plans for US steel plant

Kommersant business paper reported that Russian Magnitogorsk Iron and Steel Works have dropped its plans to build a steel plant in the United States amid doubts over the recovery of the US demand for steel. Mr Oleg Fedonin Vice President for Finance and Economics of MMK told Steel Business More I...

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Forgemasters becomes a member of British Hydropower Association

Sheffield Forgemasters has become a member of the British Hydropower Association to develop its significant involvement in manufacture for a global hydropower market. The British Hydropower Association is the leading trade association representing the interests of the UK hydropower industry More I...

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Wide steel plate price update on July 19

PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 19th July as compared to 16th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Chinese domestic steel rebar prices update on July 19

Rebar 20mm HRB 400 Location In CNY In USD Beijing 1 0 Changsha 88 13 Chengdu 0 0 Chongqing 48 7 Fuzhou 18 3 Guangzhou 45 7 Guiyang 17 3 Hangzhou 50 7 Harbin 20 3 Hefei 0 0 Jinan 70 10 Kunming 0 0 Lanzhou 59 9 Nanchang 61 9 Nanjing -20 -3 Shanghai 10 1 Shenyang 48 7 Shijiazhuang -12 -2 Taiyuan 4 1 Tianjin 40 6 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average 24 4 Change is on 19th July as compared to 16th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily...

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Macroeconomic indicators - Euro area external trade deficit surges

According to the data published by Eurostat and the National Institute of Statistics, the first estimate for the euro area trade balance with the rest of the world in May 2010 gave a EUR 3.4 billion deficit as compared with EUR 2.2 billion in May 2009. The April 2010 balance was EUR 0.3 More I...

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Timken to acquire business of QM Bearings and Power

The Timken Company announced that it has agreed to acquire the business of QM Bearings & Power Transmission Incorporated, based in Ferndale Washington. QM manufactures spherical roller bearing steel housed units and electrometric and steel couplings used in demanding processes such as sawmill More I...

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Siemens expects multi billion euro orders for rail and wind systems in Russia

In connection with Ms Angela Merkel German Chancellor visit to Russia, Mr Peter Löscher president & CEO of Siemens signed memorandums of understanding in Yekaterinburg to supply wind power and railway technologies with a total value of several billion euros. Mr Löscher said More I...

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Ecuadorian official confirms talks with China on oil loan deal

China Knowledge quoted Ecuador oil minister Wilson Pastor last week said that Ecuador is in talks with China on an oil loan agreement. Pastor revealed that both parties have entered negotiations. China will offer a USD 1 billion worth of loan in exchange for oil. Ecuador state-owned More I...

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Daye Special Steel H1 net profit to double - CITIC Pacific

China Knowledge quoted CITIC Pacific Ltd the Hong Kong listed arm of China biggest state owned investment conglomerate, CITIC Group last week said that its 28.17% owned Daye Special Steel Co Ltd net profit may have grown by over 100% to hit CNY 293 million in the first half of this More I...

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All resources geared to meet power shortfall in Pakistan

APP cited Mr Raja Pervaiz Ashraf Federal minister for water and power of Pakistan as saying that the government is working to exploit all the indigenous resources negating the impression that the government is only focusing on thermal power generation. Mr Ashraf said while addressing the More I...

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Saudi Steel Pipe Q2 net profit falls by 30pct YoY

DJ reported that Saudi Steel Pipe Company Q2 net profit fell 30% to SAR 25.2 million compared with a net profit of SAR 35.9 million in the same period a year earlier on higher prices for raw materials. The company said that H1 earnings per share came in at SAR 0.89 versus SAR 1.98 in the More I...

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Macroeconomic indicators - 11th Plan growth may exceed 8 pct - Mr Montek

Buoyed by the prospects of a robust economic recovery the Planning Commission has expressed the optimism that the average economic growth during the 11th Plan could exceed 8.1 % against the 7.7 % recorded during the previous Plan. Mr Montek Singh Ahluwalia deputy chairman planning More I...

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Top 49 steel producers in world in 2009

The World Steel Association has published the 2010 edition of World Steel in Figures. The top steel producing worldsteel member companies in 2009 were Rank Company Output 1 ArcelorMittal 77.5 2 Baosteel 31.3 3 POSCO 31.1 4 Nippon Steel (1) 26.5 5 JFE 25.8 6 Jiangsu Shagang (2) 20.5 7 TATA Steel (3) 20.5 8 Ansteel 20.1 9 Severstal 16.7 10 Evraz 15.3 11 US Steel 15.2 12 Shougang (4) 15.1 13 Gerdau 14.2 14 Nucor 14.0 15 Wuhan 13.7 16 SAIL 13.5 17 Handan 12.0 18 Riva 11.3 19 Sumitomo 11.0 20 ThyssenKrupp (5)...

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Mechel update mining segment Results for Q2 2010

Mechel announce mining segment results for Q1 2010 Q1'10 Q1'09 Change Revenues 461,204 344,236 34.00% Intersegment sales 119,607 51,750 131.10% Operating income 83,293 50,008 66.60% Net income 79,750 -65,796 221.20% EBITDA 147,347 91,490 61.10% (In USD thousand) Mining segment revenue from external customers for the first quarter of 2010 totaled USD 461.2 million or 24.3% of consolidated net revenue an increase of 34.0% over net segment revenue from external customers of USD 344.2 million or 29.2% of consolidated net revenue...

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Chinese steel export in H2 to drop sharply - CISA

According to Mr Qi Xiangdong the deputy secretary of China Iron & Steel Association in a recent held industry conference that "China net steel export in 2010 will fall into the range of 10 million tonnes to 20 million tonnes." He pointed out that China steel export has not bring any More I...

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Iran mulls currency switch for EU oil exports

Trade Arabia reported that Iran is considering switching payments for its crude oil exports to Europe to the UAE dirham currency instead of the euro. The International Oil Daily said that the move looked like an attempt to blunt the impact of financial sanctions soon to be adopted by the More I...

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Macroeconomic indicators - FY11 IIP to be at FY10 level - Mr Rangarajan

According to Mr C Rangarajan chairman of the prime minister's economic advisory council, India's industrial output in the current fiscal year will be similar to last fiscal's 10.4 % growth. He also said the central bank would need to act if double digit inflation persists. Mr C More I...

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Macroeconomic indicators - India to grow 9pct in Q1 - Mr Basu

According to Dr Kaushik Basu chief economic advisor to the finance ministry, Indian economy will grow around 9% in the first quarter this fiscal. Dr Kaushik Basu told reporters that the economic growth in 2010-11 is expected to be higher than the 8.5% projected by the Finance Ministry in More I...

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Steel light channel prices remain flat

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 16th July as compared to 15th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar...

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Signaland extends mandatory takeover offer to acquire SSB shares

Bernama reported that Signaland Sdn Bhd has extended a mandatory takeover offer to acquire all the ordinary shares of MYR 1 each in Southern Steel Bhd for MYR 2.05 apiece. In a filing to Bursa Malaysia, the company said that it has acquired 113.38 million SSB shares, representing 27.033% of More I...

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Freight flows through port of Ventspils in H1 down by 8pct YoY

It is reported that cargo turnover at the port of Ventspils in January to June 2010 decreased by 8.3% YoY to 13.608 million tonnes. Of the total six month cargo volume 56.14% were liquid cargoes, 36.75% bulked cargoes and 7.11% general ones. Port of Ventspils located near the mouth of More I...

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Chinese domestic steel wire rod price update on July 16

WRC 6.5mm Common Location In CNY In USD Changsha 0 0 Chengdu 0 0 Chongqing 18 3 Guiyang 0 0 Hangzhou -22 -3 Harbin 5 1 Kunming -19 -3 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 26 4 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan -20 -3 Zhengzhou 0 0 Average -1 0 Change is on 16th July as compared to 15th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com....

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Chinese domestic steel channel price update on July 16

Channel #16 Location In CNY In USD Shanghai -20 -3 Hangzhou 0 0 Nanjing -80 -12 Jinan 0 0 Hefei -20 -3 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 60 9 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin -20 -3 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average -3 -1 Change is on 16th July as compared to 15th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe...

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Macroeconomic indicators - China PPI in June up by 6pct YoY

China Knowledge quoted statistics released by the National Bureau of Statistics said China's producer price index an indicator of the factory gate prices of industrial products went up by 6.4%YoY in June this year. Last month, prices of production materials rose 7.8%YoY. Prices of products More I...

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All Qatar LNG trains restarted and bearish for prices

Reuters reported that all liquefied natural gas production units in top LNG exporter Qatar are now back online after an extensive maintenance program which could pressure spot prices as supply increases. Qatari LNG producer Rasgas said that each of its seven production units or trains were More I...

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Rays of recovery - Turkish motor vehicle market up by 2pct in H1

According to the Turkish Automotive Manufacturers Association, in the H1 of 2010 motor vehicle sales in Turkey totaled 289,296 units rising by 2.4% as compared to the corresponding period of the previous year. In the January to June period of this year, Turkey's passenger car sales More I...

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Air Products gets order from POSCO India

Air Products announced that INOX Air Products Ltd its joint venture in India has signed a long term contract with POSCO Maharashtra Steel Private Limited to supply on-site nitrogen and hydrogen gases to its new facility located at Vile Bhagad in Maharashtra. PMSPL is a subsidiary of More I...

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Chinese domestic steel channel price remain flat

Channel #16 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 0 0 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average 0 0 Change is on 15th July as compared to 14th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Petrol price rise reflects reality in UAE

Gulf News reported that Painful as it may be for the wallet of the consumer the decision to hike the price of petrol is good for the economy and the environment. The UAE's oil companies will raise petrol prices by AED 0.20 per liter, effective Thursday, as part of the gradual More I...

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Pig iron price remains flat on July 15

Pig iron Foundry Grade Location Change Agra 0 Jallandhar 0 Kolkata 0 Raipur 0 Change is on 15th July as compared to 14th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Turkey imports 10 million tonnes of steel scrap annually

Market participants said that Turkey imported around 10 million tonnes scrap annually, namely importing 900,000 tonnes monthly. With such a great demand, Turkey has the power to affect the scrap price on the international market. Currently, Europe and US are the 2 main suppliers of scrap to More I...

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CR steel price movement on July 15

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 15th July as compared to 14th July 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Chinese domestic steel beam price update on July 15

Beam #25 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 0 0 Jinan 0 0 Hefei 0 0 Fuzhou -50 -7 Nanchang 0 0 Guangzhou 0 0 Changsha 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average -2 0 Change is on 15th July as compared to 14th July 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Nissan appoints Mr Rekhi as deputy CFO

It is reported that car maker Nissan appointed Mr Sunil Rekhi as the deputy chief financial officer, roping him in from rival General Motors. Interestingly, in his previous assignment with GM, Mr Rekhi’s designation was the chief financial officer. At Nissan, he will be reporting to More I...

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Mitsubishi Motors keen to pickup stake in Hindustan Motors

BS reported that Japan's largest automakers Mitsubishi Motors Corporation is showing keen interest in having equity participation in the loss-making auto company Hindustan Motors, which is also its current technical partner. The two companies, which have maintained a relatively low-profile More I...

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Jai Balaji gets BIS certification for ductile iron plant

Jai Balaji Industries announced that it has received the BIS certification for its 100 to 300 mm dia newly installed 240,000 tonnes per annum Ductile Iron Pipe Plant. Its principal activity is to manufacture and sell sponge iron, ferroalloy and steel ingot. Its products include sponge iron, More I...

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Rays of recovery - TATA Motors global sales in June up by 46pct

TATA Motors has said its global sales increased by 46% in June to 91,608 units on robust demand from both commercial and passenger vehicles. It said that sales of luxury brands from Jaguar Land Rover were at 20,189 units, up 47% from the same period last year. While the sales of luxury More I...

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Chinese steam coal price under pressure to rise

It is reported that though the temperature had kept rising for a week, offers of steam coal at Qin Huangdao port had remained unchanged in the past week to Jul 11. Statistics of Qin Huangdao port indicated on July 12th that steam coal with 5,800 Kilocalories per kilogram remained at CNY 780 More I...

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Chinese steel price index continues to decrease

The Chinese Long Product Price Index CLPPI went down by 5 points on July 14th 2010 whereas the Chinese Flat Products Index CFPPI went down by 14 points. The overall price index CHISPI went down by 10 points. Class 13-Jul 14-Jul Change % CLPPI 6172 6167 -5 -0.1% CFPPI 6326 6312 -14 -0.2% CHISPI 6259 6249 -10 -0.2% CLPPI - Chinese Long Product Price Index CFPPI - Chinese Flat Product Price Index CHISPI - Chinese Steel Price Index Long Products Category 13-Jul 14-Jul Change % PI - WRC 5386 5381 -5 -0.1% PI - Rebar 7124 7119 -5 -0.1%...

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