Timken to increase prices on cold drawn tubing

The Timken Company announced that it will increase prices on cold drawn carbon and alloy seamless mechanical tubing by up to 30%, depending on the size and product specification. This price increase is effective with shipments beginning on October 1st 2010. Raw material surcharges will More I...

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Mr Mehta appointed head of ABB Low Voltage Products division

Mr Tarak Mehta, the global head of ABB’s Transformers business, has been appointed to ABB's executive committee as head of the Low Voltage Products division as of October 1st 2010, replacing Mr Tom Sjökvist, who is retiring at the end of September 2010. Mr Mehta has been More I...

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Chinese domestic HR steel prices update on Aug 30

HRC 4.75mm Common Location In CNY In USD Beijing 38 6 Changsha 60 9 Chengdu 72 11 Chongqing 36 5 Fuzhou 40 6 Guangzhou 40 6 Hangzhou 48 7 Harbin 0 0 Hefei 58 9 Jinan 34 5 Kunming 60 9 Lanzhou 0 0 Nanchang 54 8 Nanjing 60 9 Shanghai 50 7 Shenyang 60 9 Shijiazhuang 46 7 Taiyuan 52 8 Tianjin 56 8 Urumchi 78 11 Wuhan 50 7 Xian 0 0 Zhengzhou 45 7 Average 45 7 Change is on 30th August as compared to 27th August 2010 Change is per tonne USD:CNY = 6.80 To know exact prevailing steel prices in China...

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Chinese domestic steel wire rod price update on Aug 30

WRC 6.5mm Common Location In CNY In USD Changsha 48 7 Chengdu 36 5 Chongqing 0 0 Guiyang 30 4 Hangzhou 62 9 Harbin -20 -3 Kunming 0 0 Nanchang 24 4 Nanjing 0 0 Shanghai 66 10 Shenyang 5 1 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 90 13 Zhengzhou 30 4 Average 23 3 Change is on 30th August as compared to 27th August 2010 Change is per tonne USD:CNY = 6.80 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...

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Chinese domestic steel Angle price update on Aug 30

Angle #5 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 60 9 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 3 0 Change is on 30th August as compared to 27th August 2010 Change is per tonne USD:CNY = 6.80 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Moody downgrades POSCO credit rating on Daewoo International buy

Moody's Investors Service has downgraded POSCO's credit rating by a notch from A1 to A2 with a negative outlook. The international credit ratings agency lowered the Korean steel maker's rating in consideration of the effects of its buyout of Daewoo International for KWR 3.4 More I...

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Barometer for steel prices in Middle East

www.steelprices-middleesat.com is a comprehensive service for tracking real time domestic steel prices and trends in Middle East. The scope of service includes 1. Domestic pricing information in UAE, Saudi Arab, Qatar, Kuwait and Bahrain 2. Export levels from Turkey, Rotterdam, China, More I...

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NLMK to increase HDG and coated steel capacities by end of 2010

It is reported that by the end of the current year, the Russian steelmaker Novolipetsk Steel will increase its capacities for the production of hot dip galvanized and coated steel. Specifically, in autumn this year NLMK plans to commission its new hot dip galvanizing line No 4 with a total More I...

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Chinese steel inventory reaches 81 million tonnes

According to the data from China Federation of logistics & Purchasing, Chinese demand for steel products grew up by 19.6% in July with the stocks level reaching at 81 million tonnes slightly down from the 90 million tonnes at peak period. Mr Cai Jin VP of CFLP said last week that “PMI More I...

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SP Gas production will rise - Iranian oil ministry

Oil Ministry announced that Iran will overtake Qatar in gas exploitation in the shared South Pars gas field in 5 years withdrawing 1.1 billion cubic meters of gas per day by the end of Iran's fifth 5 year economic plan. Mr Masoud Mirkazemi oil minister of Iran expressed hope that the More I...

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Egyptian Iron and Steel production drops in August

Almal cited Mr Amr Abdelhadi CMD of Egyptian Iron and Steel as saying that the company dropped steel production by 40,000 tonnes. The firm, which is a subsidiary of Holding Company for Metallurgical Industries, monthly production hit 100,000 tonnes and incurred EGP 140 million losses in More I...

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Om Metals Infraprojects to develop high end apartments in Jaipur

Leading hydro mechanical engineering company, Om Metals Infraprojects Ltd said that it has purchased around five acres of property at Jaipur for INR 158 crore to develop high end apartments. The company, which has acquired the land through Maharaja Shree Umlad Mills Ltd aims to develop high More I...

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Suzuki plans to double two wheeler capacity by 2012

Suzuki plans to invest INR 150 crore to double the production capacity at its wholly owned two wheeler company in India to 540,000 units by 2012 and to foray into the high volume 100 cc segment of motorcycles. The Japanese automaker is looking at generating volumes from the 100 cc bikes More I...

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Bhuwalka Steel to enter into MoU with Lootah Group

Bhuwalka Steel Industries Ltd has informed BSE that the board has approved the company’s wholly owned subsidiary Bhuwalka Steel Industries FZE, Dubai, entering into MoU with Lootah Group of Companies, Dubai, to meet CAPEX and working capital requirements. The proposed investment from More I...

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TATA Steel to have hockey academy in Jharkhand

Mr HM Nerurkar MD of TATA Steel said the private steel major was working to set up a hockey academy in Jharkhand on the line of football, archery and athletics academies. Mr Nerurkar said that "TATA Steel is committed to promote sports in the country. But it is not possible for the company More I...

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JSW drops plan to acquire Brahmani Industries - Report

DNA reported that JSW Steel Ltd seems to have opted out of its plan to acquire Brahmani Industries, owned by controversial Karnataka minister Mr Gali Janardhan Reddy. A senior official of Brahmani told DNA that “JSW was to sign agreement with us on September 19. But they have not come More I...

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Petropavlovsk posts H1 2010 net loss of USD 55 million

Petropavlovsk PLC presented its results for the six months ended 30 June 2010. 2010 2009 Change Group Revenue 195.7 214.1 -8.6 EBITDA 50 115.9 -56.9 Operating profit before exceptional items 10.7 92.5 -88.4 Net loss/profit -55.4 74.6 -174.3 In USD million Financial Highlights 1. Gold production was 166,300oz. The reduction in production was in large part attributable to the processing of lower grades while substantial stripping work of higher- rade areas was undertaken at both Pioneer and Pokrovskiy during the Period; 2. Underlying...

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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 26th August as compared to 25th August 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 melting scrap price down by Kandla

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla -300 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Rudrapur 0 Change is on 26th August as compared to 25th August 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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Tuwairqi Steel Mills sends goods for flood relief in Pakistan

Tuwairqi Steel Mills Limited, a subsidiary of Al Tuwairqi Holding of the Kingdom of Saudi Arabia, has sent 5 trucks loaded with relief goods for the flood affected areas of Thatta and Khairpur. The contribution voluntarily is from the employees of TSML. H.E. Abdul Aziz Ibrahim Al Ghadeer, http://www.steelguru.com/middle_east_news/Tuwairqi_Steel_Mills_sends_goods_for_flood_relief_in_Pakistan/162232.h...

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Highest number of NH constructed during 2009-10

The ministry of road transport and highways has constructed the highest length of National Highways in 2009-10 since the inception of NHDP. As per report it has completed 5010 km at the rate of 13.81km per day. Giving details about the length of National Highways constructed during the last More I...

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NSAIL June quarter net soars 4 times

National Steel and Agro Industries reported a phenomenal rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 4.29 times to INR 78.10 million from INR 18.20 million in the same quarter last year. The company’s net sales for More I...

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Long product trends in Iranian market in week 33

By the beginning of last week, long products market shows signs of improvement in Iran and most market players were offering cautiously. Many factors are influencing these rising prices. One of them is the current market sentiment regarding more sanctions against Iran and possible cuts in More I...

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Steel joist I Beam prices scenario in major places on Aug 24

JSTI GR A 250X125 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 208 Mandi 0 Mumbai -115 Raipur 0 Rudrapur 0 Change is on 24th August as compared to 23rd August 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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GP steel HDG price up in Mumbai

GP 100Gms 0.40 Location Change Mumbai 436 Chennai 0 Kolkata 174 Delhi 0 Ludhiana 91 Kanpur 0 Rudrapur 0 Bangalore 0 Change is on 24th August as compared to 23rd August 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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Pig iron price update on Aug 24

Pig iron Foundry Grade Location Change Agra 0 Jallandhar 0 Kolkata 0 Raipur 0 Change is on 24th August as compared to 23rd August 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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Patra Narrow HR steel strips price update on Aug 24

Patra Location Change Delhi 0 Ludhiana 0 Mandi 0 Change is on 24th August as compared to 23rd August 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 from www.st...

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Cairn Energy to seek approval for stake sale to Vedanta

The UK based Cairn Energy has said that it will seek the Indian Government’s endorsement and necessary consent for selling its majority stake in Cairn India to London listed Vedanta Resources for USD 8.48 billion. Mr Bill Gammell CEO of Cairn Energy said that “For the Vedanta More I...

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Indian Railways keen to provide connectivity for Kolkata Port

BL reported that Railway Ministry will be keen to provide rail connectivity to various cargo handling projects being planned by Kolkata Port Trust. Mr Mukul Roy union minister of state for shipping said that the chairman of Railway Board and the chairman of KoPT would meet in New Delhi to More I...

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Mid season approaching for steel market in China

The traditional midseason for steel market is coming, so is the price going to increase in China? Most steel traders are now curious about the answer and holding a prudent attitude. Some traders noted that the spot price rebounds dramatically for the moment, due to large Chinese More I...

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LISCO flat production in H1 up by 12pct YoY

Arab Steel reported that the production of the Libyan Iron & Steel Company marked 616,000 tonnes of long and flat products during the H1 of 2010 up by 12% over the production of the same period of 2009. The company source said that the greater part of this increase is on the part of flats More I...

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Indian Oil and Oil India to buy gas block in Myanmar

ET reported that state owned oil companies Indian Oil and Oil India are in talks with the Essar group to pick up 20% stake each in a gas block in Myanmar that is estimated to have even bigger reserves than Reliance Industries’ KG D6 fields. The shallow water gas block that Essar More I...

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Macroeconomic indicators - Economic recovery is robust - RBI

The Reserve Bank of India said India's economic recovery is robust even as it expressed concern over the prevailing high inflation caused by supply-side bottlenecks, which, it warned, could hamper sustainable growth. However, the near normal monsoon this year will help in cooling down food More I...

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GVK offers to hike Punjab thermal plant capacity

GVK group has offered to the Punjab Government to increase the capacity of the GVK Goindwal Sahib Thermal Plant in Amritsar by 1,320 MW to 1,860 MW. The expansion could be done by setting up two more units of 660 MW each in addition to the two units of 270 MW each being set up. The offer More I...

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ABB inaugurates wind power generator factory in Vadodara

ABB the leading power and automation technology group, inaugurated its fourth global wind power generator factory in Vadodara. The factory will supply wind power generators, a crucial component in wind turbines, for the growing Indian and global markets. The new factory will produce up to More I...

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Monday Market Monitor - India - WEEK 33 - Ray of hope for steel mills

About a month back the long prices had shown improvement primarily pushed by re rollers to force the pace as a survival ploy. One of the main propellants of this price hike had been acute power shortage leading to power rationing and hike in power tariffs. Apart from these factors a rather More I...

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Macroeconomic indicators - China growth may reach 10pct - Mr Lin Yifu

According to Mr Justin Yifu Lin chief economist and senior vice president of the World Bank at Econometric Society World Congress 2010, the Chinese economy has room for further development and it is likely to reach 10% growth. Mr Lin Yifu said that the Chinese economy is likely to reach 10% More I...

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Chinese long product price index remain flat

The Chinese Long Product Price Index CLPPI remained flat on August 19th 2010 whereas the Chinese Flat Products Index CFPPI went down by 3 points. The overall price index CHISPI went down by 1 point. Class 18-Aug 19-Aug Change % CLPPI 6721 6721 0 0.0% CFPPI 6862 6860 -3 0.0% CHISPI 6801 6800 -1 0.0% CLPPI - Chinese Long Product Price Index CFPPI - Chinese Flat Product Price Index CHISPI - Chinese Steel Price Index Long Products Category 18-Aug 19-Aug Change % PI - WRC 5826 5824 -2 0.0% PI - Rebar 7805 7807 3 0.0% PI- Product...

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Chinese domestic galvanized steel HDG price remain flat

HDG 0.5mm Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Xian 0 0 Boxing 0 0 Average 0 0 Change is on 19th August as compared to 18th August 2010 Change is per tonne USD:CNY = 6.80 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...

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Steel angle prices up in Ahmedabad

ANGL GR A 65X6 Location Change Ahmedabad 229 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 19th August as compared to 18th August 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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Small Steelworks doubt feasibility of capacity elimination campaign

Shanghai Securities News reported that the central government determined attitude in pushing forward backward capacity elimination holds out some hope for the investors in steel industry who once expected China steel sector with little growth space. The market is injected with a belief that it More I...

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UAE firms looking at Iraqi oil industry - Mr Al Shehi

Bloomberg reported that energy companies from the UAE are interested in investing as Iraq’s oil and natural gas industries seek to boost output. Mr Abdullah Ibrahim Al Shehi UAE ambassador to Iraq said at a gathering of diplomatic officials in Abu Dhabi that there are indicators that More I...

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Directory of steel and raw material supply chain in Ukraine

In 2002-2007 the domestic consumption of steel in Ukraine was growing on more than 8.5% annually (CAGR). Now, despite the problems in economy, it still keeps the potential of development due to the economy modernization needs and infrastructure projects. In recent years needs of the Ukrainian More I...

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HPCL eyeing Shell African retail assets

State run refiner Hindustan Petroleum Corp is looking at buying fuel retail assets of Royal Dutch Shell in Africa. Mr S Roy Choudhury chairman of Hindustan Petroleum Corp said that "I think for BP's retail assets in Africa we are slightly late but we are exploring the possibility for More I...

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SAIL selects 4 suppliers for BSP expansion

Steel Authority of India Ltd has selected four international suppliers for equipment and providing technology support to four critical projects Bhilai Steel Plant proposes to launch as part of its modernization and expansion programs currently in progress. The international firms are Paul More I...

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FGC and Gazprom Energoholding synchronize investment programs

Interfax reported that OJSC Federal Grid Company UES or FGC and LLC Gazprom Energoholding which holds the main assets of Gazprom have clinched agreement on long term cooperation and coordination in the implementation of investment programs. A company release says the document in question More I...

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Metinvest gets Antimonopoly Committee nod for Ilyich merger

Metinvest BV (Netherlands) obtained formal approval of Antimonopoly Committee of Ukraine for acquisition of newly issued shares of the PSC “ILYICH STELL” and PJSC “ILYICH IRON AND STEEL WORKS” thereby granting more than 50% voting rights in managerial bodies of More I...

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Iron ore price negotiations - Chinese steelmakers gaining ground

According to the China Iron & Steel Association with the gradual reverse of supply demand situation of iron ore, China steel producers will have more bargaining power. Since early July, iron ore prices have started an upward trend as the steel market is rebounding. The world's top three More I...

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Kuwait should buy natural gas assets - Report

Reuters quoted a senior advisor in the ruler's office as saying that Kuwait should consider buying a company that owns natural gas concessions to help it deal with growing demand for the resource. The OPEC member pumps around 1 billion cubic feet per day of gas from oilfields and 145 More I...

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Steel melting scrap price up in Mandi

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla 0 Kanpur 0 Kolkata 0 Mandi 272 Mumbai 100 Rudrapur 0 Change is on 18th August as compared to 17th August 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 HR steel prices update on Aug 18

HRC 4.75mm Common Location In CNY In USD Beijing 0 0 Changsha 30 4 Chengdu 18 3 Chongqing 0 0 Fuzhou 0 0 Guangzhou 20 3 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan 0 0 Kunming 0 0 Lanzhou 23 3 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Urumchi 20 3 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average 5 1 Change is on 18th August as compared to 17th August 2010 Change is per tonne USD:CNY = 6.80 To know exact prevailing steel prices in China on daily basis, subscribe...

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Chinese domestic galvanized steel HDG price update on Aug 18

HDG 0.5mm Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Wuhan 60 9 Zhengzhou 56 8 Beijing 0 0 Tianjin 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Xian 0 0 Boxing 0 0 Average 8 1 Change is on 18th August as compared to 17th August 2010 Change is per tonne USD:CNY = 6.80 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...

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Celik Halat ve Tel Sanayii increases output by 76pct in H1

In the first half of 2010, Turkish steel wire and rope producer Celik Halat ve Tel Sanayii AS produced 26,954 tonnes of steel products, 76.32% higher compared to the company's H1 2009 output. In the given period, the producer's steel rope output totaled 4,124 tonnes rising by 41.67% its More I...

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Gammon India Board to consider interim dividend for 2010-11

Gammon India Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 18th 2010, inter alia, to consider the declaration of first Interim dividend for the financial year 2010-2011. The Company has fixed August 25th 2010 as the record date for the More I...

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Landlord port model gaining momentum - Report

The Indian port sector is overwhelmingly under the influence of the Services port model, with port trusts acting as port authority as well as a port operator. However, in recent years, there is a gradual movement towards acceptance of landlord port model with granting of certain terminal More I...

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Road ministry update on progress of NHDP

Mr RPN Singh minister of state for road transport and highways informed the Rajya Sabha that for expeditious completion of National Highways Development Project, the government has approved for award of contracts for 23,744 km up to 2010-11 under Work Plan-I and Work Plan II. So far contracts More I...

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TATA Power Q1 earnings up by 42pct

TATA Power, one of the leading private sector power generators, announced a sharp decline of 42.80% YoY in the consolidated profit after tax for the quarter ended June 30th 2010 to INR 3.18 billion. During the quarter, Company’s standalone results reflected a robust financial and More I...

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TATA Steel financing and capital raising initiatives

TATA Steel Ltd raised INR 1,069.20 crores (USD 230 million) through a preferential allotment of shares and warrants to TATA Sons in July 2010. Debt Pre/Repayment TATA Steel injected an additional GBP 100 million in May 2010 into TATA Steel Europe, while TATA Steel Europe prepaid GBP 112.5 More I...

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Updated directory of Indian steel makers

The fast developing Indian steel industries are continuing beyond what most believed was possible. As one of the world's fastest growing economies, India has become the most happening place among world steel market over last few years and thus is in the radar of not only Indian but most of More I...

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Sumitomo to provide donation to mudslide hit area in China

Sumitomo Corporation hereby announced that it and Sumitomo Corporation Holding Ltd will provide monetary donation to the amount of JPY 10 million toward relief efforts at mudslide hit Gansu in China. The release said “We would like to express our deepest sympathy to those in disaster More I...

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Steel plate cutting price crashes at Alang

Product Grade Size Change Plate cuttings Rolling 1" -400 Ship Scrap Melting Mixed 200 Change is on 17th August as compared to 16th August 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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Sponge iron price remain flat on Aug 17

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh 0 Raipur 0 Rourkela 0 Change is on 17th August as compared to 16th August 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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Angang announce September price policy

Angang has released its price policy for September productions. Compared with August prices, the news prices are: 1. HRC HRC price up by CNY 350 per tonne SPHC 3.1mm*1000mm to 1199mm low-carbon steel standing at CNY 3860 per tonne Q235 5.5mm*1500mm common carbon at CNY 3720 per More I...

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China daily steel output in early August increases - CISA

Reuters quoted China Iron and Steel Association said, China steel mills produced 1.719 million tonnes of steel per day in the first ten days of August up by 77,000 tonnes compared with the end of July. CISA data showed that total output stood at 17.19 million tonnes over August 1st to 10th More I...

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India wants Iranian gas - Mr Sanjay Singh

Mehr News Agency cited Mr Sanjay Singh the Indian ambassador to Tehran as saying that we have had long relations with Iran in the field of energy and we are interested in buying gas from Tehran. Mr Singh who was speaking to reporters on the occasion of India’s Independence Day said More I...

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Uniform role of independent directors required - ASSOCHAM

The Associated Chambers of Commerce and Industry of India has urged Department of Company Affairs, stressing that definition of Independent Directors need to be clearly spelt out so that they are uniform across all Statutes. According to ASSOHCAM, this will not only bring about uniformity More I...

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PTC India profit up by 4pct

Faced with higher electricity purchase costs, power trading major PTC India Ltd reported a marginal increase of 4% in the net profit for fiscal 2009-10 at INR 94.10 crore despite a robust topline growth. Total income for the financial year rose by 19% to INR 7,772 crore. Trading volume was More I...

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Mr Atulya Misra new chairman of Chennai Port

It is reported that government has appointed Mr Atulya Misra as chairman of Chennai Port Trust for a period of five years w e f the date of assumption of charge of the post or until further orders, whichever is earlier. Mr Misra is presently posted as secretary, transport department More I...

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Tatravagonka acquires stakes in Fabryka Wagonow

Railway Gazette reported that Slovakian wagon manufacturer Tatravagónka Poprad has completed its acquisition of a 49.56% stake in Polish wagon manufacturing and repair company Fabryka Wagonów Gniewczyna from Orliston Enterprises Limited for an undisclosed price. Tatravagónka More I...

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Chinese domestic steel plate price Aug 16

Plates 20mm Common Location In CNY In USD Beijing -31 -5 Changsha 0 0 Chengdu -20 -3 Chongqing 0 0 Fuzhou 0 0 Guangzhou 0 0 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan -20 -3 Kunming 0 0 Lanzhou 0 0 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average -3 0 Change is on 16th August as compared to 13th August 2010 Change is per tonne USD:CNY = 6.81 To know exact prevailing steel prices in China on daily basis, subscribe...

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Macroeconomic indictors - Euro area Q2 GDP up by 1pct

According to the data published by Eurostat and the National Institute of Statistics, GDP increased by 1% in both the euro area and the EU 27 during the second quarter of 2010 as compared with the previous quarter. In the first quarter of 2010, growth rates were 0.2% in both zones. Compared More I...

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Chinese domestic SBQ steel plate price update on Aug 16

Plates 20mm Ship Building Quality Location In CNY In USD Shanghai 0 0 Nanjing 0 0 Jinan -20 -3 Fuzhou 0 0 Guangzhou 0 0 Wuhan 12 2 Tianjin -20 -3 Ningbo 0 0 Average -4 -1 Change is on 16th August as compared to 13th August 2010 Change is per tonne USD:CNY = 6.81 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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Russia introduces gold share for NCSP and Murmansk Commercial Seaport

Interfax reported that the Russian government has exercised its special right for its involvement in the management of OJSC Novorossiisk Commercial Seaport and OJSC Murmansk Commercial Seaport. Prime Minister Mr Vladimir Putin signed the necessary order for this on August 12th. NCSP and More I...

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NLMK in the list of Russian most innovative companies

Projects implemented by Novolipetsk Steel in the course of the last 5 years are amongst the Top 50 most innovative projects undertaken by major Russian enterprises, according to research conducted by Mediaholding Expert. The research also includes NLMK in a list of the most innovative More I...

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CITIC pacific expected to see its net profit in H1 jump by 17pct

In the opinion of analyst, conglomerate CITIC Pacific is expected to see its core net profit jump 17% to HKD 1.9 billion for the six months to June 30th. Earnings from its special steel division are tipped to grow 77% with the property division improving by 25% and telco unit CITIC 1616 More I...

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Baosteel keeps September prices for flat products unchanged

It is reported that Baosteel unveiled its price change details for September productions. All price changes below, made on top of August catalogue are exclusive of 17% VAT except stated otherwise and will come into force as of the date of issuance. 1. HRC HRC price stay in line with More I...

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TAPI pipeline project back on the agenda

Mr Gurbanguly Berdimuhamedov president of Turkmenistan said that an increase in Turkmenistan's gas export potential has bolstered the prospects of the Turkmenistan, Afghanistan, Pakistan and India Pipeline. His comments came after the 5th meeting of the technical working group of the TAPI More I...

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GP steel HDG price update on Aug 16

GP 100Gms 0.40 Location Change Mumbai 0 Chennai 0 Kolkata 0 Delhi 0 Ludhiana 363 Kanpur 174 Rudrapur 0 Bangalore 0 Change is on 16th August as compared to 13th August 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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MSC adding Port Pipavav to ISES service

Mediterranean Shipping Co has announced that it is upgrading the ISES service with the inclusion of a call at Port Pipavav with effect from the second half of September. The line will continue to serve Nhava Sheva and Mundra as part of the service. MSC in a release said that the inclusion More I...

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Sri Lankan sign contract with China National Machinery

It is reported that Sri Lanka government has signed a contract for China National Machinery Import & Export Corp to build the first phase of the 110 kilometers Matara Kataragama line along the south coast. The initial section will run 30 kilometers east from Matara to Beliatta, with four More I...

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BEML to supply 6 cars to DMRC

It is reported that Bharat Earth Movers Ltd would be supplying six cars to Delhi Metro well before the commencement of the Commonwealth Games starting in early October. Mr VRS Natarajan CMD of BEML said that “These cars are a part of requirement placed by Delhi Metro Rail authorities More I...

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Updated status on progress of steel projects in India

A strategic overview of steel projects in India by SNRS, originally published in October 2009 and partially updated in January 2010, is available now. The report covers all the issues concerning Indian steel sector and market dynamics. In particular, it addresses new steel projects and More I...

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Essar Shipping may restructure businesses

Ruia brothers promoted Essar Shipping Ports & Logistics said it would consider a proposal for the restructuring of its businesses. Essar Shipping said in a statement to Bombay stock exchange that the board of directors of the company will meet to consider segregating shipping, logistics and More I...

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Rebar TMT QST price movement in India on Aug 13

TMT Fe 415 12mm Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Hyderabad 0 Indore -200 Kanpur 200 Kolkata 0 Mandi 0 Mumbai 115 Raipur 0 Rudrapur 0 Muzzafarnagar 500 Change is on 13th August as compared to 12th August 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...

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Chinese flat products index reflects weakness in long products

The Chinese Long Product Price Index CLPPI went down by 24 points on August 13th 2010 whereas the Chinese Flat Products Index CFPPI remained flat. The overall price index CHISPI went down by 11 points. More I...

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Chinese domestic steel Angle price movement on Aug 13

Angle #5 Location In CNY In USD Shanghai 0 0 Hangzhou -30 -4 Nanjing 56 8 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 36 5 Guangzhou 0 0 Changsha 34 5 Wuhan 66 10 Zhengzhou 42 6 Beijing 0 0 Tianjin 0 0 Shijiazhuang 53 8 Taiyuan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 69 10 Chengdu 0 0 Kunming 0 0 Xian 25 4 Lanzhou 0 0 Urumchi 40 6 Average 17 3 Change is on 13th August as compared to 12th August 2010 Change is per tonne USD:CNY = 6.80 To know exact prevailing steel prices in China on daily basis, subscribe...

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Kokusai Kogyo announces Q2 and H1 financial forecast

Kokusai Kogyo Holdings Co Limited has announced consolidated financial forecast for second quarter and first half 2010. Item Q2 10 Q2 09 H1 10 H1 09 Sales 8.33 6.58 18.2 57.73 Operating -1.09 -2.59 -2.65 899 mln Recurring -2.19 -2.9 -2.54 546 mln Net -1.92 -2.53 -1.62 690 mln EPS -52.59 -69.42 -44.45 18.94 In JPY billions, except ...

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Japan to finish September HRC export price talks for S Korea

TEX reported that Japan's integrated steelmakers as a whole are expected to finish price negotiations within this week on their export deals of HR coils with South Korea's steel rerollers for September shipments. The negotiations would bring the final agreement at a price level of USD 680 More I...

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Russel Metals board of directors announces quarterly dividend

Meanwhile, the board of directors of Russel Metals Inc has also approved a quarterly dividend of USD 0.25 per common share payable September 15th 2010 to shareholders of record as of August 30th More I...

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Update on Chile mine accident

Reuters reported that the likelihood that 33 miners trapped for a week deep inside a mine in far northern Chile after a cave in are still alive is low, the government said on Thursday, as rescuers struggled to reach them. No contact has been made with the miners since the August 5 collapse. More I...

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Chinese domestic pig iron prices remain flat

Pig Iron L08-L10 Location In CNY In USD Anshan 0 0 Changzhou 0 0 Guiyang 0 0 Harbin 0 0 Kunming 0 0 Linyi 0 0 Taiyuan 0 0 Weihai 0 0 Wuan 0 0 Yicheng 0 0 Average 0 0 Change is on 13th August as compared to 12th August 2010 Change is per tonne USD:CNY = 6.80 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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Iron ore freight contract rally is ending as fleets expand - Castalia

Castalia Fund Management (UK) Limited said that iron ore shipping derivatives' 21% climb since late July 2010 is probably ending as slowing economies sap vessel demand and fleets expand by a record. According to prices from the London based Baltic Exchange, fourth quarter forward freight More I...

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Grande Cache Coal Q1 profit falls to USD 4 million

Grande Cache Coal Corporation net profits for the latest quarter fell to USD 4 million or 4 cents a share from USD 5.1 million or 5 cents for the same period a year earlier. The Calgary based coal producer said that revenue in the fiscal 2011 Q1 fell to USD 69 million from USD 74.6 million. More I...

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Update on coal production in India

The production of coal by Coal India Limited and Singareni Collieries Company Limited has been increasing year on year as given below:- Company CIL SCCL Target (2007-'08) 384.51 38.04 Actual (2007-'08) 379.46 40.60 Target (2008-'09) 405.00 41.50 Actual (2008-'09) 403.73 44.55 Target (2009-'10) 435.00 44.50 Actual(2009-'10) 431.27 50.42 (In million ton...

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Indian steel price index up by 11 points

The Indian Long Product Price Index ILPPI went up by 10 points on August 12th 2010 whereas Indian Flat Product Price Index IFPPI went up by 12 points. The overall Indian Steel Price Index INDSPI went up by 11 points Class 11-Aug 12-Aug Change % ILPPI 6834 6844 10 0.1% IFPPI 7596 7608 12 0.2% INDSPI 7197 7208 11 0.2% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 11-Aug 12-Aug Change % PI - TMT 6704 6710 6 0.1% PI - WRC 7181 7200 19 0.3% PI - Angle 6506...

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Narrow HR steel plate prices remain flat

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 12th August as compared to 11th August 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 on down path

Rebar 20mm HRB 400 Location In CNY In USD Beijing -10 -1 Changsha 0 0 Chengdu 0 0 Chongqing -20 -3 Fuzhou -7 -1 Guangzhou -10 -1 Guiyang -30 -4 Hangzhou -14 -2 Harbin 0 0 Hefei 20 3 Jinan 0 0 Kunming 0 0 Lanzhou 0 0 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 48 7 Taiyuan 0 0 Tianjin -20 -3 Wuhan 0 0 Xian -30 -4 Zhengzhou 20 3 Average -2 0 Change is on 12th August as compared to 11th August 2010 Change is per tonne USD:CNY = 6.79 To know exact prevailing steel prices in China...

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China Economic Planner confident of reaching 3pct CPI target in 2010

The Wall Street Journal quoted the government authority said, China economic planner is confident about reaching the target of a 3% rise in the nation inflation rate this year. The China Securities Journal citing a statement from the National Development and Reform Commission said that More I...

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Shagang sees 16 pct rise in H1 steel output

Reuters reported that Shagang Group, China biggest non-state-owned steel mill, boosted first half crude steel output by 16% from a year earlier to 14.53 million tonnes. The newspaper managed by the China Iron & Steel Association said the company also raised its steel products output by 27% More I...

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Al Rajhi Steel DRI plant still on hold

MEED reported that the local Al Rajhi Steel's proposed USD 500 million direct reduced iron plant in Saudi Arabia is still on hold due to issues over gas feedstock. The proposed 1.8 million tonnes per year plant in the Eastern Province of the kingdom has not yet been given a gas allocation More I...

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TATA Steel announces Q1 result

TATA Steel Limited declared its consolidated results for the quarter ended June 30th 2010. Group Performance Highlights 1. TATA Steel Group during the first quarter of the financial year 2010-11 (Q1 FY’11) recorded Profit after tax (after minority interest and share of profit of More I...

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China GengSheng Minerals reports Q2 2010 financial results

China GengSheng Minerals Inc, a leading China based high tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, announced financial results for the second quarter ended June 30th 2010. Q2 Financial More I...

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Atlas Iron eyeing branching into manganese - MD

AAP reported that mid tier iron ore miner Atlas Iron Limited is eyeing an offshore asset and says it could branch into manganese. Mr David Flanagan MD of Atlas said that it had considered moving into several commodities but its first step beyond iron ore would be manganese, which was used More I...

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Extract Resources upgrades resource in Namibia

Uranium exploration and development company Extract Resources has reported a new resource estimate, following JORC Code and Canadian NI43-101 guidelines, for the Rössing South Deposit in Namibia. The size and grade of the new resource confirms the deposit as one of the most significant More I...

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Finland export growth not a blink - Report

National Board of Customs' preliminary data shows that Finland's foreign trade has not been only a few moments bliss. Indeed, the export increased by the June quarter last year. The difference compared to May was the fact that June exports grew steadily, and within the EU and outside. Yet More I...

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Naftogaz Ukrainy net loss in H1 down by 86pct YoY

Interfax-Ukraine reported that National oil company Naftogaz Ukrainy unconsolidated net losses according to Ukrainian accounting standards decreased by 86%YoY to UAH 297.266 million in January to June 2010. According to the company results which are accessible through Ukraine State More I...

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Kerala invites bids to develop Azhikkal Port

Close on the heels of Ponnani port, the Kerala Government has invited global bids for the development of yet another port, Azhikkal in Kannur district as a public private partnership project. Azhikkal is one of the six among 17 notified ports identified by the State Government for More I...

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Steel wire rod price dips in Chennai

WRC SWR14 5.5/6 Location Change Chennai -907 Delhi 0 Kanpur 0 Kolkata 0 Raipur 0 Rudrapur 0 Change is on 11th August as compared to 10th August 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 shown improvement

WRC 6.5mm Common Location In CNY In USD Changsha 50 7 Chengdu 30 4 Chongqing 10 1 Guiyang 0 0 Hangzhou 52 8 Harbin 44 6 Kunming 28 4 Nanchang 0 0 Nanjing 0 0 Shanghai 34 5 Shenyang 18 3 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 36 5 Zhengzhou 60 9 Average 23 3 Change is on 11th August as compared to 10th August 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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Huadian Power acquires 20pct stake in Coal Mining Co

It is reported that Huadian Power International Corporation purchased a 20% interest in Zhengtai Company for CNY 267.97 million. Zhengtai Company holds the prospecting rights for the Manghatu coal mine located in Inner Mongolia. The Manghatu coal mine has coal reserves totaling 216.11 More I...

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MMX buys remaining 60pct stake in GVA Mineracao Ltda

Brazilian mining and metals company MMX Mineracao e Metalicos SA has concluded the acquisition of a 60% stake in the local mining company GVA Mineracao Ltda. MMX said it will pay a total of USD 50.8 million, through 78 monthly installments. The acquisition was made by MMX's subsidiary More I...

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Greenpower Energy commences work on Esperance project

Greenpower Energy Limited announced that work has commenced on its geothermal project at Esperance in Western Australia. Southern Geoscience Consultants has been appointed to source and analyze all the existing geotechnical information in the area. Together with our Greenpower's in house More I...

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Gas price for public in Ukraine to rise by 50pct from April 2011

According to Mr Sergiy Tigipko Vice Premier of Ukraine, the price of natural gas for the public in Ukraine will be increased by 50% from April 2011. He said that "We have increased gas prices, but not by enough. We will increase them once more in April." Mr Tigipko said with the More I...

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Chinese domestic steel channel price update on August 11

Channel #16 Location In CNY In USD Shanghai 18 3 Hangzhou 50 7 Nanjing 60 9 Jinan 0 0 Hefei 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Changsha 20 3 Wuhan 25 4 Zhengzhou 0 0 Beijing 0 0 Tianjin 60 9 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang -50 -7 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 48 7 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Average 10 1 Change is on 11th August as compared to 10th August 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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Rebar TMT QST price crashes at most places on Aug 11

TMT Fe 415 12mm Location Change Ahmedabad -200 Bangalore -300 Chennai -1040 Delhi 0 Hyderabad -500 Indore -300 Kanpur 0 Kolkata 0 Mandi 0 Mumbai -1262 Raipur 0 Rudrapur 0 Muzzafarnagar 0 Change is on 11th August as compared to 10th August 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...

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Iran did not cancel gas supply deal - Crescent Petroleum

Reuters quoted Crescent Petroleum as saying that Iran did not cancel 25 year gas supply contract it had signed with the National Iranian Oil Company. A Crescent Petroleum spokesman said that the Iranian official's statement appears to have been misinterpreted. The 25 year contract between More I...

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Parsvnath Developers announces Q1 results

Parsvnath Developers Limited announced growth of 118% YoY in total income of INR 259 crore for the quarter ended June 30th 2010. The company’s net profit for the same period stood at INR 32 crore up 129% from INR 14 crore in the same period last fiscal. EBITDA for the period stood at INR More I...

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New Zealand Steel Tube profit in H1 slumps by 85pc

Steel & Tube Holdings, which supplies steel building products such as reinforcing rods, reported 85% slump in first half profit, reflecting weaker demand and prices. Its net income fell to NZD 3.17 million in the six months ended December 31, from NZD 20.8 million. Sales fell by 30% to More I...

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Ukraine committed to energy cooperation with IMF

Ukrainian Journal reported that Ukraine is committed to cooperation with the International Monetary Fund in reforming the energy sector, including hiking natural gas prices for households. The government reacted to criticism from opposition groups after the IMF had disclosed that Ukraine More I...

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PetroChina and ConocoPhillips in talks on shale gas development in Sichuan

It is reported that PetroChina China leading oil and gas producer is reportedly in talks with US oil company ConocoPhillips on joint exploration and development of shale gas in China's southwestern Sichuan province. The Upstream newspaper quoted an unnamed source as saying that More I...

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AAEQ Manufacturers wins Best Green Advocate award

The Las Vegas based company AAEQ Manufacturers & Recyclers has received the Best Green Advocate award from the Las Vegas Business Press as part of the newspaper's Green Awards 2010. The awards are given to local businesses with environmentally friendly practices. Nearly 100 businesses and More I...

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CSN reports Q2 and H1 results

Companhia Siderurgica Nacional announceds its results for the 2Q10: 1. EBITDA margin reached 46.4%, 5.4 pp up on Q1 of 2010, further underlining the recovery of CSN's operating margins 2. EBITDA totaled BRR 1.8 billion in Q2 of 2010, 37.7% more than in the previous quarter 3. BITDA More I...

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Chusovoy Metallurgical Plant gets the certificate of conformity

Chusovoy Steel Works confirmed the certificate of compliance for gravel fractions of 5mm to 20 mm, 20mm to 40 mm, 40mm to 70 mm. This product meets the requirements of the CSW construction state standards and used for the manufacture of concrete and in road construction. In 2007, the rubble More I...

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Steel melting scrap price down in Kandla

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla -100 Kanpur 0 Kolkata 0 Mandi -91 Mumbai 0 Rudrapur 0 Change is on 10th August as compared to 9th August 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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Hebei Steel raises prices effective from Wednesday

Reuters reported that China Hebei Iron & Steel Group raised steel product prices by up to CNY 300 effective from Wednesday raising expectations that other major steel mills would follow soon. Market sources said, as the country top steelmaker in terms of output, the company increased rebar More I...

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Gulf produces 41pct of world desalinated water

Arabian Business reported that the Gulf accounts for nearly 41% of the world’s total desalinated water output and Abu Dhabi manages 67% of the UAE’s desalination capacity. Ms Mariam Al Shannas spokeswoman for the Ministry of Water and Environment said that “The costs of More I...

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Indian mill on front foot in Dubai HRC market

It is reported that some Indian steel mills have been very aggressive in the Middle East for booking hot rolled coils. As pr market reports, in the past fortnight alone, several orders have been booked for HRC at USD 620 CFR Dubai levels, about USD 30 per tonne to USD 50 per tonne lower More I...

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Wide steel plate prices remain flat on Aug 10

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 10th August as compared to 9th August 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 Aug 10

GP 100Gms 0.40 Location Change Mumbai 0 Chennai 0 Kolkata 0 Delhi 0 Ludhiana 272 Kanpur 0 Rudrapur 0 Bangalore 0 Change is on 10th August as compared to 9th August 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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Patra Narrow HR steel strips price up in Ludhiana

Patra Location Change Delhi 0 Ludhiana 272 Mandi 0 Change is on 10th August as compared to 9th August 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 from www.st...

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TAQA announces Q2 2010 results

Abu Dhabi National Energy Company PJSC announced its Q2 and H1 of 2010 result. Q2 2010 Q2 '10 Q2 '09 change Revenues 5,141 4,380 17% Upstream & Midstream 2,036 1,759 16% Cost of sales 3,687 3,169 16% EBITDA 2,343 2,006 17% Net profit 171 136 26% In AED million H1 2010 H1'01 H1 '09 change Revenues 9,917 8,580 16% Cost of sales 6,860 6,306 9% EBITDA 4,860 3,896 25% Net profit 458 176 160% In AED million TAQA’s total revenues increased by 17% during Q2 2010, due to higher supplemental fuel income improved performance...

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TATA Realty to execute INR 30000 crore projects over next 5 years

TATA Realty and Infrastructure, a wholly owned subsidiary of TATA Sons, would execute projects worth INR 30,000 crore in the country over the next five years. Mr Sanjay G Ubale MD and CEO of TRIL told reporters in the real estate segment, the company, established in March 2007, has projects More I...

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Power ministry setting up INR 50000 crore funds for projects

The Power Ministry is considering setting up of INR 50,000 crore fund for financing projects and may rope in state run lenders Power Finance Corporation and Rural Electrification Corporation for the same. A top power ministry official said that "The concept is being thought about to create More I...

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UGSL hikes galvanized steel products prices

Uttam Galva Steels aid that it has hiked the prices of its galvanized steel products by INR 500 per tonne. Uttam Galva in a release said that the price hike is due to the elevation in the cost of zinc and the hike would be with immediate effect. More I...

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Stemcor delivers strong turnaround in H1 2010

Financial highlights 1. Turnover increased from GBP 1,862 million to GBP 2,435 million 2. Tonnage invoiced increased from 5.5 million tonnes to 7.9 million tonnes 3. Operating profit of GBP 61 million compared with a loss of GBP 17 million in H1 2009 4. Pre tax profit of GBP 50 More I...

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Patra Narrow HR steel strips price update on Aug 9

Patra Location Change Delhi 0 Ludhiana 181 Mandi -91 Change is on 9th August as compared to 6th August 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 from www.s...

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Chinese domestic steel billet price movement on August 9

Billets 150*150 Q235 Location In CNY In USD Fujian 0 0 Liaoyang 0 0 Linfen 0 0 Linzhou 0 0 Shandong 0 0 Tangshan 12 2 Tianjin 0 0 Zibo 0 0 Average 2 0 Change is on 9th August as compared to 6th August 2010 Change is per tonne USD:CNY = 6.77 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 your internet...

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Evraz Vitkovice Steel in new colors

Evraz Vitkovice Steel starts using new corporate style including new logo. Thus, the company is joining the corporate style of Evraz Group as well as other assets of Evraz Group. EVS has been an integral part of Evraz Group, the global public company, since 2005 and represents Evraz More I...

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Chinese steel majors will lead the new round of price surge

After the consecutive decline of steel factory price for two months, major Chinese enterprise will begin a new round of price surge this week. Insiders say, mainstream steel mills headed by Baosteel will directly raise product price and may decrease or even cancel covert order discounts. In More I...

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Chinese domestic steel plate price update on August 9

Plates 20mm Common Location In CNY In USD Beijing 0 0 Changsha -10 -1 Chengdu 5 1 Chongqing 0 0 Fuzhou 0 0 Guangzhou 0 0 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan 0 0 Kunming 0 0 Lanzhou 20 3 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 9 1 Tianjin -20 -3 Wuhan 18 3 Xian 17 3 Zhengzhou 0 0 Average 2 0 Change is on 9th August as compared to 6th August 2010 Change is per tonne USD:CNY = 6.77 To know exact prevailing steel prices in China on daily basis, subscribe to...

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ABB to deliver region largest transformers to Kuwait

ABB, the leading power and automation technology group, will deliver twelve 703 tonne transformers to Kuwait. The transformers, manufactured in ABB's factory in Bad Honnef, Germany, will be installed at three 400 kV substations built by ABB in Sulaibiyah, Fintas and Jabriya as part of USD 400 More I...

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IOC buys 5 million barrels for October loading

Reuters reported that Indian Oil Corp has bought 4 million barrels of West African crude and nearly 1 million barrels of Yemeni Masila via tender for October loading. Trade sources said that after record spot purchases for September. the state run refiner has bought a very large crude More I...

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Chinese domestic narrow HR strip prices update on August 9

HR Strip 183*2.75 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Guangzhou 0 0 Wuhan 0 0 Tianjin 0 0 Chengdu 0 0 Wuxi 10 1 Lecong 0 0 Tangshan 0 0 Average 1 0 Change is on 9th August as compared to 6th August 2010 Change is per tonne USD:CNY = 6.77 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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Adani Power to commission 16500 MW by 2013 end

Adani Group controlled Adani Power Limited is planning to commission 1,980 MW of generation capacity by the end of fiscal 2011 and 6600 MW by mid 2012. Adani Power Limited has already inked PPAs and ensured fuel linkages for 6100 MW with different state governments. The power arm is More I...

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ArcelorMittal wins cyber squatting case against Taj Group of Companies

ET reported that global steel giant ArcelorMittal has won a cybersquatting case against a Mumbai based firm that was using some websites, similar to the trademark of the company. As per report, a Mumbai based firm Taj Group of Companies had registered five websites namely More I...

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POSCO war zone - Findings of central team on POSCO site

Mr Jairam Ramesh minister of state for environment and forests (independent charge) informed the Rajya Sabha a Committee had been established jointly under the ministry of tribal affairs and the ministry of environment and forests to study and assess the impacts of the Scheduled Tribes and More I...

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North American Industries supplies 11 cranes for shipbuilder

It is reported that North American Industries has designed and manufactured 11 cranes for a South American shipbuilder for a new facility in Argentina. The cranes ranged in capacity from 10 tonnes to 50 tonnes. The bridge and gantry cranes were engineered for several applications in the More I...

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Monday Market Monitor - Scrap - WEEK 31 - Remain on upswing

Steel scrap prices continued to firm up last week with major gains in some of the important markets. It seems that we are still moving in supply constraint zone as yet. To know the prevailing levels, please subscribe to our services and you will know the real prices of scrap on real time More I...

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Metinvest HRTR boosts monthly output in July up by 73pct MoM

It is reported that Hartzyzsk big diameter pipe plant owned by Metinvest Group, increased output by 73% to 15,000 tonnes in June 2010 as compared to the previous month. Millennium capital analyst said “The news is positive for HRTR, indicating some refreshment on the stagnating pipe More I...

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Monday Market Monitor - CIS - WEEK 31 - Quite but optimistic

Generally the market was quite last week but market players remained optimistic. These optimistic sentiments are arising out of producers look forward for September when the Ramadan will end in Muslim countries and generally market is expected to be more active after more activities after More I...

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Rays of recovery - Honda Motor July sales in China up by 12pct YoY

China Daily cited Mr Yoichi Hojo CFO of Honda Motor Co as saying that the company increased sales in China up by 12%YoY in July to 56,688 vehicles from a year earlier. Mr Takanobu Ito of Honda said the company aims to sell 630,000 vehicles in the world's biggest automobile market this More I...

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Indian steel price index up by 6 points

The Indian Long Product Price Index ILPPI went up by 1 point on August 6th 2010 whereas Indian Flat Product Price Index IFPPI went up by 13 points. The overall Indian Steel Price Index INDSPI went up by 6 points Class 05-Aug 06-Aug Change % ILPPI 6883 6884 1 0.0% IFPPI 7586 7599 13 0.2% INDSPI 7218 7224 6 0.1% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 05-Aug 06-Aug Change % PI - TMT 6801 6801 0 0.0% PI - WRC 7197 7197 0 0.0% PI - Angle 6501 6503...

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Chinese domestic steel wire rod price update on August 6

WRC 6.5mm Common Location In CNY In USD Changsha -45 -7 Chengdu -31 -5 Chongqing -20 -3 Guiyang 0 0 Hangzhou 0 0 Harbin 0 0 Kunming 0 0 Nanchang -16 -2 Nanjing 0 0 Shanghai -12 -2 Shenyang -40 -6 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan -15 -2 Zhengzhou 0 0 Average -11 -2 Change is on 6th August as compared to 5th August 2010 Change is per tonne USD:CNY = 6.77 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a...

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Industries Qatar profit in Q2 up by 14pct YoY

Industries Qatar, the Gulf emirate's state controlled petrochemical and steel maker, posted a bigger than expected 14% gains in Q2 profit amid rising steel prices. The company said that net income rose to QAR 1.39 billion from QAR 1.22 billion a year earlier. The average estimate of 4 More I...

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GMR Infra refinances bridge loan with 5 year debt

GMR Infrastructure said that it has refinanced its bridge loan of USD 737 million with a five year debt. The company said the refinancing was done by a combination of senior and mezzanine debt from a consortium of banks led by Axis Bank and ICICI Bank and comprising, among others, Bank of More I...

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Chinese domestic CR steel price update on August 6

CR 1mm Location In CNY In USD Shanghai -10 -1 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 54 8 Tianjin 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 20 3 Chengdu 0 0 Kunming 0 0 Xian 0 0 Lanzhou 0 0 Urumchi 0 0 Qingdao 0 0 Average 3 0 Change is on 6th August as compared to 5th August 2010 Change is per tonne USD:CNY = 6.77 To know exact prevailing steel prices in China on daily basis, subscribe...

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TATA and Fiat JV facing mounting losses

The 50:50 JV posted a loss of INR 970.7 crore for 2009-10, an increase of 39%. Fiat India Automobiles Pvt Ltd the three year old joint venture company formed through the association of TATA Motors and Fiat Auto SpA is facing rough weather, as it posted record losses last year. The 50:50 JV More I...

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Setting up of steel plants in Himachal Pradesh

Mr A Sai Prathap minister of state in the ministry of steel has said that Steel Authority of India Limited has planned to set up one TMT Bar Mill at Steel Processing Unit at Kandrori District Kangra in Himachal Pradesh with a capacity of 100, 000 tonnes per annum. The project is under More I...

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TATA Power shortlisted for Indonesian project

TATA Power Company is one of the two companies shortlisted by the Indonesian government to develop a 200 MW geothermal capacity that would need an investment of around INR 3,000 crore. The Tata Group company, in consortium with Indonesia’s PT Supraco Energy and Australian electricity More I...

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Cookson sees H2 to be better than in H1

Industrial materials group Cookson said that it still had some way to go to return to pre crisis levels after first half profit bounced back thanks to improvements in its steel and electronics markets. Mr Nick Salmon CEO of Cookson said that "The recovery in our markets is still only More I...

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