Indian steel price index improves by 57 points

The Indian Long Product Price Index ILPPI went up by 41 points whereas Indian Flat Product Price Index IFPPI went up by 75 points. The overall Indian Steel Price Index INDSPI went up by 57 points.


Class 28-Dec 29-Dec Change %

ILPPI 7140 7181 41 0.6%

IFPPI 7352 7426 75 1.0%

INDSPI 7241 7298 57 0.8%


ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products


Category 28-Dec 29-Dec Change %

PI - TMT 7012 7047 36 0.5%

PI - WRC 7529 7567 38 0.5%

PI - Angle 6832 6896 64 0.9%

PI - Channel 6851 6898 47 0.7%

PI - Joist 6260 6318 58 0.9%


PI - Product Index

Flat Products


Category 28-Dec 29-Dec Change %

PI - Narrow Plates 6957 7029 73 1.0%

PI - Wide Plates 7105 7144 39 0.5%

PI - Hot Rolled 7223 7302 79 1.1%

PI - Cold Rolled 7940 8038 98 1.2%

PI - Galvanized 7708 7752 44 0.6%


PI - Product Index

To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

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.steelprices-india.com)

Read More

HRC prices up in Ahmedabad on Dec 29

HRC
Tube
2.5x1250


Location Change

Ahmedabad 1386

Bangalore 0

Delhi 0

Kolkata 0

Ludhiana 0

Mumbai 693


Change is on December 29th as compared to December 28th 2009
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.steelprices-india.com)

Read More

Sponge iron price up in Raipur | Sponge iron price up in Raipur

Sponge iron


Location Change

Bellary 0

Kolkata 0

Raigarh 0

Raipur 400

Rourkela 0


Change is on December 29th as compared to December 28th 2009
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.steelprices-india.com)

Read More

Angang to construct CR project in Fujian province

Meizhou government of China's Fujian Province held a coordination meeting for the cold rolling project of Angang Steel Company Ltd.

It is reported that based on the agreement inked between Meizhou government and Angang's parent company, Anshan Steel Group, Angang will invest about CNY 3

Sourse: More Info

Read More

Rebar (TMT) price increase on Dec 29

TMT
Fe 415
12mm


Location Change

Ahmedabad 338

Bangalore 0

Chennai 0

Delhi 0

Hyderabad 0

Indore 0

Kanpur 400

Kolkata 0

Mandi 416

Mumbai 338

Raipur 520

Rudrapur 500


Change is on December 29th as compared to December 28th 2009
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.steelprices-india.com)

Read More

Valin shares get boost after news for listing in Hong Kong

It is reported that shares of Hunan Valin Steel Co one of China's top 10 steel makers, surged nearly by 8% in Shenzhen following unconfirmed reports that its parent was planning to list in Hong Kong.

The report said the steel maker's parent company, Hunan Valin Iron & Steel Group, may

Sourse: More Info

Read More

Chinese steel exports continue recovery in November

China’s finished steel exports in November 2009 totaled 2.84 million tonne down by104,600 tonnes or 3.55% YoY totaling a value of USD 2.188 billion down USD 1.709 billion or 43.86% compared with the same month last year.

Meanwhile finished steel exports for the January to November

Sourse: More Info

Read More

Melting scrap price move upward trend

Melting scrap
80:20
HMS


Location Change

Chennai 0

Hyderabad 0

Kandla 500

Kanpur 888

Kolkata 0

Mandi 92

Mumbai 100

Rudrapur 444


Change is on December 29th as compared to December 28th 2009
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.steelprices-india.com)

Read More

Chinese steel price index reflects continued up trend

The Chinese Long Product Price Index CLPPI went up by 32 points whereas the Chinese Flat Products Index CFPPI up by 37 points. The overall price index CHISPI went up by 35 points.


Class 28-Dec 29-Dec Change %

CLPPI 6118 6151 32 0.5%

CFPPI 6366 6403 37 0.6%

CHISPI 6259 6293 35 0.6%


CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products


Category 28-Dec 29-Dec Change %

PI - WRC 5319 5345 26 0.5%

PI - Rebar 7086 7126 39 0.6%


PI- Product Index

Flat Products


Category 28-Dec 29-Dec Change %

PI - Plates 5503 5522 18 0.3%

PI - HR 6259 6306 47 0.7%

PI - CRC 7325 7356 31 0.4%

PI - HDG 6673 6686 13 0.2%


PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

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 with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html

(Sourced from www. steelprices-china.com)

Read More

Chinese steel scrap import surges in 2009

China Association of Metalscrap Utilization said that China's demand for scrap broke 100 million tonnes in 2008 according to average scrap consumption per tonne steel of 227 kilograms in 2000, but actual consumption only recorded 72 million tonnes, implying an undersupply of 30 million

Sourse: More Info

Read More

Macroeconomic indicators - China maintains 8pct growth target

Mr Li Yizhong Minister of Industry and Information Technology said that China will target an economic growth rate of 8% in 2010 with industrial production accelerating by 11 percent during the period.

The country has set gross domestic product growth at 8 percent each year since 2005, and

Sourse: More Info

Read More

CISA warns steel makers to face low pricing scenario

According to Mr. Deng Qilin president of China Iron and Steel Industry Association, the high steel price and market status in 2007 will never come back and Chinese steel enterprises should make adjustments in time to face this situation.

Mr Deng told the reporter that Chinese steel industry

Sourse: More Info

Read More

Hezbollah urges Egypt to stop building steel wall

Reuters reported that Sayyed Hassan Nasrallah leader of Hezbollah urged Egypt to stop building a steel wall along the Gaza border that could obstruct tunnels which provide a lifeline for the blockaded enclave.

Mr Nasrallah told a crowd of tens of thousands of Lebanese Shi’ite Moslems


Sourse: More Info

Read More

Deyaar not in merger talks | Deyaar not in merger talks

Reuters reported that Deyaar is not in merger talks and said that it remained focussed on exploring growth opportunities in the United Arab Emirates and other markets.

Deyaar said that the company’s board is not currently engaged in any merger talks with any firm and it has not

Sourse: More Info

Read More

OPEC revises its supply forecast upwards for 2010

Hellenic Shipping reported that Cartel members revised their forecasts for 2010 oil supply.

According to the latest Monthly Oil Market Report that covers the month of November, most of the revisions to the 2010 supply forecast were due to the changes introduced to the 2009 supply estimate

Sourse: More Info

Read More

Railway transportation to become expensive from January

ET reported that transporting key commodities such as iron ore, coal, food grain and containers by rail is set to become expensive with the Indian Railways deciding to exclude bulk cargo from all incentive schemes and cutting discounts on some items.

The changes in the freight policy could

Sourse: More Info

Read More

Chinese steel price index reflects continued buoyancy

The Chinese Long Product Price Index CLPPI went up by 61 points whereas the Chinese Flat Products Index CFPPI up by 59 points. The overall price index CHISPI went up by 60 points.


Class 25-Dec 28-Dec Change %

CLPPI 6057 6118 61 1.0%

CFPPI 6307 6366 59 0.9%

CHISPI 6199 6259 60 1.0%


CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products


Category 25-Dec 28-Dec Change %

PI - WRC 5260 5319 59 1.1%

PI - Rebar 7022 7086 64 0.9%


PI- Product Index

Flat Products


Category 25-Dec 28-Dec Change %

PI - Plates 5451 5503 52 1.0%

PI - HR 6189 6259 70 1.1%

PI - CRC 7282 7325 43 0.6%

PI - HDG 6642 6673 31 0.5%



PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

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 with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html

(Sourced from www. steelprices-china.com)

Read More

China launches world fastest train service

China on Saturday launched what it described as the world’s fastest train service covering a distance of 1068 kilometers at the average speed of 350 kilometers an hour. The distance between Wuhan in central China and Guangzhou in the country’s south was covered by the high peed train in two hours forty five minutes.

The new service will cut the travel time between these cities by more than six hours. The train reached a maximum speed of 394.2 kilometers per hour during trail runs that begun on December 9.

The commercial operation was launched y with two trains covering the distance while passing through 20 different cities along the route.

Sources said that the high speed line will use technology developed in co-operation with foreign firms such as Siemens, Bombardier and Alstom.

The new service is expected to act as a catalyst in the development of central China that includes backward areas like Xianning by linking it to the highly developed Pearl River Delhi, which is an industrial hub in south China.

Sourse From: http://www.steelguru.com/news/index/2009/12/29/MTI2ODI1/China_launches_world_fastest_train_service.html

Read More

Sponge iron dip in major places

Sponge iron


Location Change

Bellary -300

Kolkata -200

Raigarh -700

Raipur -100

Rourkela 0


Change is on December 28th as compared to December 25th 2009
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.steelprices-india.com)

Read More

Khuzestan cement factory starts production

Mehr News Agency reported that Khuzestan cement factory has started trial production.

As per report, with the production capacity of 5,500 tonnes per day, Khuzestan cement factory will produce at its full capacity by the next month. The project has been implemented at the estimated cost of

Sourse: More Info

Read More

Pencil ingot price show mixed trend on Dec 28

Pencil ingot


Location Change

Ahmedabad 0

Bhiwari 0

Durgapur 370

Ghaziabad 500

Hyderabad -3000

Jaipur 700

Jamshedpur 0

Kanpur 0

Kolkata 0

Mandi 1016

Mumbai -200

Muzzafarnagar 711

Nagpur 370

Raigarh 1109

Raipur -924

Rourkela 462

Rudrapur 0


Change is on December 28th as compared to December 25th 2009
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.steelprices-india.com)

Read More

Areva bags substation contracts in Dubai

Trade Arabia quoted French nuclear energy giant Areva as saying that its Transmission and Distribution division has won EUR 200 million order from Dubai Electricity and Water Authority for supply of 11 high voltage gas insulated substations.

Mr Philippe Guillemot chairman and CEO of Areva


Sourse: More Info

Read More

Deadline extended for Al Khafji project bids

Reuters reported that a JV between Saudi Arabia and Kuwait has extended the bidding deadline for 2 projects at Al Khafji oilfield to Monday.

The original deadline for both contracts was September 28, but has been extended several times at the request of bidders.

As per report, the 2

Sourse: More Info

Read More

Drake and Scull acquires Kuwait based firm

Khaleej Times reported that Drake & Scull International PJSC has acquired a Kuwait based mechanical electrical and plumbing contracting company.

DSI board of directors approved the acquisition of Drake & Scull International for Electrical Contracting a prominent player in Kuwait owned by

Sourse: More Info

Read More

Plate cuttings prices surges again at Alang

Product Grade Size Change

Plate cuttings Rolling 1" 1000

Ship Scrap Melting Mixed 1100


Change is on December 28th as compared to December 25th 2009
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.steelprices-india.com)

Read More

HRC prices remains flat on Dec28

HRC
Tube
2.5x1250


Location Change

Ahmedabad 0

Bangalore 0

Delhi 0

Kolkata 0

Ludhiana 0

Mumbai 0


Change is on December 28th as compared to December 25th 2009
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.steelprices-india.com)

Read More

Wire rod prices remain flat in major places

WRC
SWR14
5.5/6


Location Change

Chennai 0

Delhi 0

Kanpur 0

Kolkata 0

Raipur -444

Rudrapur 0


Change is on December 28th as compared to December 25th 2009
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.steelprices-india.com)

Read More

Scrap supports Middle East steel market - Rusmet

Unlike US and EU where steelmakers finish the year generally on a major note, recession in Middle East market is going on. Demand for flat steel products stabilized recent days at low level as well as demand. The cost of Russian hot rolled steel in Turkey, Iran and other countries of the

Sourse: More Info

Read More

DP World to acquire 25pct stake in Russian port

It is reported that Russian authorities gave the go ahead for a unit of the troubled Dubai World conglomerate to buy 25% stake in the management company at a major port on Russia's Pacific coast.

Vostochny is a warm water port and one of the largest transport hubs in eastern Russia close

Sourse: More Info

Read More

Developments of Cochin Port to benefit local economy

The development projects envisaged by the Cochin Port Trust will have multiple effects on Kochi's economy as it would enhance tourism potential, promotion of hospitality industry and other allied industries besides creating more job opportunities.

In a presentation Cochin Port Trust the Engine of Economic Prosperity made at a one day workshop on the development of the district by the Ernakulam District Residents Association Apex Council Mr Cyril C George secretary of Cochin Port Trust said that the development projects worth about INR 10000 crore centred on the port are progressing in a time bound manner.

He said that the first phase of the INR 2118 crore International Container Transhipment Terminal at Vallarpadam will be commissioned in April and 70% of construction work had been completed. As the Indian port closest to the international maritime route, the Kochi port enjoys the advantage of being strategically located.

He added that at present, 65% of the country's container traffic was being transshipped through ports in neighboring countries. Once the ICTT project starts operations, he said the country's import and export industry will gain INR 6000 to INR 12000 on each container.

Referring to the proposed LNG terminal, he said major portion of the construction works of the project at Puthuvypeen had been completed. The project entails investment worth about INR 16000 crore. Likewise, tenders had also been invited for a bunkering terminal project worth INR 95crore.

Mr George further said that plans were also afoot to set up an International Cruise Terminal at an estimated cost of INR 400 crore in the Willingdon Island. Ever since the cruise liner of the German company AIDA cruises had chosen Kochi as its turn around port more than 2,000 foreign tourists had passed through the port.

(Sourced from http://www.steelguru.com/news/index/2009/12/28/MTI2Njgx/Developments_of_Cochin_Port_to_benefit_local_economy.html)

Read More

SK Engineering bags Kuwait pipeline contract

The South Korean contractor SK Engineering and Construction has announced that it has been awarded a USD 724 million contract to build crude oil pipeline facilities in Kuwait.

In a statement the company said that the scope of works on the project will include the construction of a booster station as well as laying pipelines connected to other facilities. The location of the project is 95 kilometers north of Kuwait City.

The project, which will start in January 2010, is expected to take 41 months to complete. The company said that the award takes the value of its overseas contracts to USD 4.8 billion in 2009.

(Sourced from http://www.steelguru.com/news/index/2009/12/28/MTI2Njk1/SK_Engineering_bags_Kuwait_pipeline_contract.html)

Read More

Liuzhou Steel crude steel exceeds 8 million tonne in 2009

Liuzhou Steel's crude steel production on December 21st 2009 broke the mark of 8 million tonne indicating a new breakthrough of this company.

Since 2003 with its crude steel production exceeding 2 million tonne Liuzhou Steel registered fast development at an average annual growth of 1

Sourse: More Info

Read More

Hunan Valin plans Hong Kong listing - Report

Bloomberg reported that Hunan Valin Iron & Steel Group plans to raise as much as CNY 10 billion in a public offering in Hong Kong.

The Xiaoxiang Morning Herald, citing Valin Chairman Mr Li Xiaowei’s at a local government meeting, reported this plan.

The Changsha, Hunan province

Sourse: More Info

Read More

Monday Market Monitor - China (WEEK 53) - Party is on

The steel prices continued to improve in China last week. The Chinese Long Product Price Index CLPPI increased by 63 points whereas the Chinese Flat Products Index CFPPI improved by 121 points. The overall price index CHISPI grew by 96 points.

Sourse: More Info

Read More

Mr Lee visits UAE to win nuclear deal

Dow Jones reported that Mr Lee Myung bak president of South Korea is visiting the United Arab Emirates in a move to help a South Korean consortium win one of the world's biggest nuclear power plant contracts.

The presidential office said in a statement that the UAE is expected to select

Sourse: More Info

Read More

KOC awards 2 contracts to Halliburton and local firm

KOC awards 2 contracts to Halliburton and local firm
Today, December 28, 2009, 10 hours ago
Kuwait Oil Company has awarded 2 deals worth a total of KWD 59 million as part of its plans to maintain reservoir pressure at the country’s key oil fields.

As per report, the national oil company awarded the deals, worth KWD 29.5 million each, to the US’ Halliburton and the

Kayan to construct Daelim petrochemical plant in Jubail
Today, December 28, 2009, 10 hours ago
Trade Arabia reported that Saudi Kayan Petrochemical Company had signed a preliminary agreement with South Korea's Daelim Industrial Company to build a petrochemical plant in Jubail.

As per report, the plant will have the capacity to produce 300,000 tonnes per year of low density

Saudi Aramco invites contractors to submit bids for petroleum institute project
Today, December 28, 2009, 10 hours ago
MEED reported that National oil company Saudi Aramco has invited selected contractors to submit bids by February 27th 2010 for the contract to build a residential complex at the King Abdullah Petroleum Studies & Research Centre in Riyadh.

As per report, the prospective bidders include the

http://www.steelguru.com/news/index/2009/12/28/MTI2Njk5/KOC_awards_2_contracts_to_Halliburton_and_local_firm.html

Read More

NPCC to build oil platform in India

Abu Dhabi's National Petroleum Construction Company has been awarded a major engineering, procurement and construction contract for developing an offshore oil platform project in Mumbai by ONGC.

NPCC owned by the General Holding Corporation an industrial arm of Government of Abu Dhabi will develop RS 12 Well Platform Project at offshore Mumbai High Field contract valuing USD 162 million. With this the value of contacts awarded to NPCC by the Indian company reaches AED 1.6 billion since October 2009.

The scope of work under the above project consists of survey, design, detailed engineering, procurement, fabrication, transportation, installation, commissioning. Apart from several segments of subsea pipelines and Composite Subsea Cable. The project completion is scheduled for April 30th 2011.

Mr Aqeel Madhi CEO of NPCC said that his engineering and construction company signed a contract with ONGC in October this year for the construction of B-22- 3 Wellhead Platforms with pipeline and modification works.

The contract value is approximately AED 1 billion and the project will also be completed by April 2011.

(Sourced from http://www.steelguru.com/news/index/2009/12/28/MTI2Njk2/NPCC_to_build_oil_platform_in_India.html)

Read More

Construction firms urged to merge in Saudi Arabia

It is reported that family owned construction companies in Saudi Arabia have been urged to merge and form joint stock companies.

Mr Abdullah bin Bakr Radwan member of CSCCI's National Committee for Contractors said that Saudi contractors should take advantage of the massive construction boom in the Kingdom as the government's spending on infrastructure projects was exceeding SAR 60 billion per year.

Mr Radwan reminded the contractors of the recommendations of the first National Contractors Forum held in Jeddah last year. According to him, call for merger of contracting firms was one of the strongest recommendations which were further reinforced by another forum held in the Eastern Province.

He said that during the construction boom of 1970s, most of the enterprises were family based who drove their strength from the founder of the business. Then after his death, the business would suffer.

Mr Radwan said that the Saudi contractors must not miss the opportunity to consolidate their position in the current phase of construction boom. Unlike the 70s when temporary alliances were formed for particular projects, merger of contracting companies was need of the hour. This would specially enable smaller companies to work under big banners and compete for huge projects as it is done in advanced countries.

(Sourced from http://www.steelguru.com/news/index/2009/12/28/MTI2Njk3/Construction_firms_urged_to_merge_in_Saudi_Arabia.html)

Read More

Convrgnt Value to build Jashanmal Group Headquarters at Al Barsha

Convrgnt Value Engineering LLC has signed multi million Dirham agreements with Jashanmal Group to build its new Headquarters at Al Barsha.

Working with the design consultants Architecture Consulting Group, Convrgnt will deliver the multi storey project within 14 months from

Sourse: More Info

Read More

Khouzestan steel raises export price for billet

It is reported that Iranian Khouzestan steel is trying to increase its export volumes due to better price in export market.

The export price of billet has been increased by USD 20 per tonne to USD 450 per tonne FOB compared with that in previous month. On the other hand, the company quoted

Sourse: More Info

Read More

UAE firms maintained steel production level during the past Q2

According to statistics released by the World Steel Association, steel production in the Middle East declined in November compared to the previous month.

In the UAE, however, companies said that they have maintained the production level during the past Q2. But, speaking to Emirates Business

Sourse: More Info

Read More

ABB to build substation for SOLB South Steel in Saudi Arab

TradeArabia News Service reported that ABB has won an order worth USD 21 million from Saudi based SOLB South Steel Company to design, supply, and install a 132 KV substation in Jazan Economic City.

The substation will power the SOLB South Steel Company, the first steel plant to be situated

Sourse: More Info

Read More

Hurdles ahead for Iran to become steel major

According to a report by Business Monitor International, with plentiful iron ore and coal resources to exploit, Iran has all the ingredients to become a major steel producer. However, several economic and political hurdles have to be overcome before it becomes a reality.

Iran aims to double

Sourse: More Info

Read More

GIPI produces first pipe at Sohar Industrial Estate plant

Oman Daily Observer reported that Gulf International Pipe Industry LLC recently announced achievement of first pipe production at its integrated pipe manufacturing facility in Sohar Industrial Estate.

This comes just 20 months after its ground-breaking ceremony in April 2008.

Mr Hamdan

Sourse: More Info

Read More

Indian steel price index continues upward trend

The Indian Long Product Price Index ILPPI went up by 157 points whereas Indian Flat Product Price Index IFPPI went up by 37 points. The overall Indian Steel Price Index INDSPI up by 100 points


Class 22-Dec 23-Dec Change %

ILPPI 6857 7013 157 2.3%

IFPPI 7281 7318 37 0.5%

INDSPI 7059 7158 100 1.4%


ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products


Category 22-Dec 23-Dec Change %

PI - TMT 6674 6901 228 3.4%

PI - WRC 7302 7358 56 0.8%

PI - Angle 6503 6732 229 3.5%

PI - Channel 6567 6779 212 3.2%

PI - Joist 6004 6202 198 3.3%



PI - Product Index

Flat Products


Category 22-Dec 23-Dec Change %

PI - Narrow Plates 6856 6904 48 0.7%

PI - Wide Plates 7012 7044 32 0.5%

PI - Hot Rolled 7158 7192 34 0.5%

PI - Cold Rolled 7873 7926 53 0.7%

PI - Galvanized 7659 7667 8 0.1%


PI - Product Index

To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

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.steelprices-india.com)

Read More

Pencil ingot price scenario on Dec 23

Pencil ingot


Location Change

Ahmedabad 800

Bhiwari 0

Durgapur 0

Ghaziabad 0

Hyderabad 2000

Jaipur 0

Jamshedpur 0

Kanpur 0

Kolkata 0

Mandi 739

Mumbai 500

Muzzafarnagar 0

Nagpur

Raigarh 0

Raipur 0

Rourkela 739

Rudrapur 0


Change is on December 23rd as compared to December 22nd 2009
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.steelprices-india.com)

Read More

Patra (Narrow HR strips) price up in all major places

Patra


Location Change

Delhi 1848

Ludhiana 185

Mandi 554



Change is on December 23rd as compared to December 22nd 2009
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.steelprices-india.com)

Read More

Mr Deora updates parliament on Brahmaputra River exploration

Mr Murli Deora minister of petroleum and natural gas informed the Lok Sabha that Oil and Natural Gas Corporation Limited and Oil India Limited are carrying out crude oil and natural gas exploration related activities on South Banks of Brahmaputra River in the areas awarded to them on

Sourse: More Info

Read More

Sujana Metal to decide opening date for GDR issue

Sujana Metal Products announced that it would consider and decide the date of opening of the issue of global depository receipts upto an amount of USD 30 million.

As per report its board of directors will meet on December 23rd 2009 to decide on the aforesaid proposal.

Two major products

Sourse: More Info

Read More

Reliance Infrastructure to commission majors projects in 7 months

It is reported that Anil Dhirubhai Ambani group promoted Reliance Infrastructure is on track to commission over INR 10,000 crore worth of infrastructure projects in the next seven months.

The company, which has so far operationalised two road projects worth INR 800 crore in Tamil Nadu plans

Sourse: More Info

Read More

Reva Electric Car to drive into commercial vehicle space

It is reported that electric vehicle manufacturers Reva Electric Car Company is looking to enter the commercial vehicle and three wheeler segments through the collaboration route.

Mr Chetan Maini deputy chairman and chief technology officer of Reva Electric Car Company said that “We

Sourse: More Info

Read More

Benxi Steel hikes flat product prices for January

Benxi Steel has announced its EXW prices for January production, which are up by CNY 100 per tonne to CNY 400 per tonne.

1. HR
Up by CNY 100 per tonne
Q235 5.5x1500mm is CNY 3,330 per tonne
Q235 2.75/3.0x1500mm is CNY 3,400 per tonne

2. CR
Up by CNY 400 per tonne
SPCC 1.0x1250mm is

Sourse: More Info

Read More

China imposes AD measures on steel fasteners from Europe

China's Ministry of Commerce announced that it will impose temporary anti dumping measures against imports of carbon steel fasteners from the European Union.

China will implement a temporary anti dumping tariff on carbon steel fastner imports from the European Union beginning on December 28th 2009.

The report didn't detail what form the trade sanctions would take.

The announcement follows a decision by the World Trade Organization earlier in the week to investigate Chinese restrictions on the export of some raw materials, a move prompted by complaints from the EU, US and Mexico.

Read More

Chinese steel price index improves by 31 points

The Chinese Long Product Price Index CLPPI went up by 25 points whereas the Chinese Flat Products Index CFPPI up by 36 points. The overall price index CHISPI went up by 31 points.



Class 21-Dec 22-Dec Change %

CLPPI 5997 6021 25 0.4%

CFPPI 6228 6264 36 0.6%

CHISPI 6128 6159 31 0.5%


CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products


Category 21-Dec 22-Dec Change %

PI - WRC 5215 5229 14 0.3%

PI - Rebar 6943 6981 38 0.5%


PI- Product Index

Flat Products


Category 21-Dec 22-Dec Change %

PI - Plates 5364 5391 27 0.5%

PI - HR 6130 6157 26 0.4%

PI - CRC 7131 7209 77 1.1%

PI - HDG 6583 6621 39 0.6%


PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

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 with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html

(Sourced from www. steelprices-china.com)

Read More

Mr Du Shuanghua to acquire Shijiazhuang Steel

21st Century Herald reported that Mr Du Shuanghua one of the richest men in Chinaplans to acquire Shijiazhuang Iron & Steel Co Ltd through an oversea registered company to restart his career in steel industry after 67% stake of its former steel assets Rizhao Steel peeled off by Shandong Steel

Sourse: More Info

Read More

CISA sees 40pct fall in Chinese steel company profits in 2009

China Securities Journal, citing Mr Qi Xiangdong deputy secretary general of the China Iron & Steel Association, reported that Chinese steel company profits may fall by about 40% to a combined CNY 50 billion in 2009.

The report cited Mr Qi as saying that major steel companies incurred

Sourse: More Info

Read More

Chinese steel traders increasing inventory to combat winter storages

Due to steel mills price hike lately some Chinese steel traders start to increase their winter storage near the end of the year. This situation leads larger trading volume between businesses when small traders increase winter storage meanwhile large traders increase shipments. However procurement enthusiasm of end-users seems still not high.

Mr. Chen from Beijing Chang Yu Shun Thai Trade Co Ltd said because of downtime of most construction sites in Beijing their main target market the trading volume and shipment are not good. They have increased some winter shortage and there are still some inventories left.

With general EXW price hike and expectation of price rise of main northern steel mills such as Shougang and Hebei Iron and Steel, some traders said that they do have plans to increase winter storage but under unclear change trend in future steel market are still cautious during operation so the purchase has not been large so far.

Lai Xiaojing analyst from Trade Futures holds that construction steel price is stable and with high inventory and weak demand there is limit increasing possibility. The price is likely to be dominated by consolidation.

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 with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html

(Sourced from www. steelprices-china.com)

Read More

Egypt to build biggest car tyre factory in MEA

Reuters reported that Egypt is planning to build the biggest car tyre factory in the Middle East at a cost of EGP 600 million.

As per report, Egypt has tried to spur industrial exports as a way of buoying economic growth and providing jobs for its 77 million people, but the global financial crisis and competition from Asian manufacturers have curbed some of its efforts.

Mr Taher Salama head of the state owned Transport and Engineering Company said that "Domestic tyre exports face big problems due to the entrance of Chinese producers in African markets, particularly the COMESA nations, at very low prices."

The report said that the new factory will be able to produce 1.5 million tyres annually. It will take two years to build and will be located in El-Amerya, west of the Mediterranean port city of Alexandria.

It added that Egyptian, Arab and foreign investors will take part in the factory's financing. Trenco currently exports to Saudi Arabia and the Gulf States and plans to export to Sudan.

(Sourced from http://www.steelguru.com/news/index/2009/12/23/MTI2MTEz/Egypt_to_build_biggest_car_tyre_factory_in_MEA.html)

Read More

KEC International bags 2 power transmission in UAE and Algerian

India’s KEC International has won 2 power transmission contracts worth INR 6.31 billion in Algeria and Abu Dhabi.

Under the INR 3.85 billion contract in Abu Dhabi, KEC will install 162 kilometers of 400 kV transmission lines. The client is the Abu Dhabi Transmission & Despatch Company. KEC will finish the work on the contract over 2 years.

In Algeria, KEC won a contract for 400 kV transmission line from state owned utility Sonelgaz. The project will be carried out over a period of 15 months.

In May 2009, KEC won another transmission contract in Abu Dhabi. The contract covered the diversion of 220 kV and 400 kV transmission lines to a new 400, 220, 33 kV substation.

(Sourced from http://www.steelguru.com/news/index/2009/12/23/MTI2MTEy/KEC_International_bags_2_power_transmission_in_UAE_and_Algerian.html)

Read More

Work progressing as per schedule on Lamar Towers

Arabtec Saudi Arabia and Alsaad General Contracting JV announced that the completion of casting of the 2 raft foundations for the Lamar Towers, the tallest twin towers in the western region of Saudi Arabia. Lamar, a project being developed by Cayan International Company and is worth

Sourse: More Info

Read More

Egypt obtains funds to complete 5 year energy plan

It is reported that Egypt has obtained USD 5 billion from international and regional financiers to fund and complete its 2007 to 2012 of 5 year plan to boost energy output.

Mr Hassan Younes electricity minister of Egypt said that "It is expected that total investments in this plan will

Sourse: More Info

Read More

Egypt invites Hamas leaders to discuss border steel barrier

Xinhua reported that a senior Hamas movement's official revealed that Egypt invited some Hamas leaders to Cairo to discuss reports saying that Egypt builds a steel barrier on its borders with the Gaza Strip.

The London based al Hayat newspaper and the Israeli daily Haaretz reported early

Sourse: More Info

Read More

Narrow HR plate price up in Kanpur and Rudrapur

PLTS
GR A
8x1250


Location Change

Chennai 0

Kanpur 1333

Mumbai 0

Rudrapur 1333



Change is on December 22nd as compared to December 21st 2009
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.steelprices-india.com)

Read More

Steel joist (Beam) prices scenario in major places

JSTI
GR A
250X125


Location Change

Ahmedabad 208

Bangalore 500

Chennai 1000

Delhi 1040

Indore 1000

Kanpur 1500

Kolkata 0

Mandi 1144

Mumbai 0

Raipur 2600

Rudrapur 1500



Change is on December 22nd as compared to December 21st 2009
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.steelprices-india.com

Read More

Stanford Marine of Gulf Maritime acquires 5 offshore supply vessels

Private equity backed Gulf Marine Maintenance and Offshore Service Company announced that the acquisition by Stanford Marine, its chartering division, of 5 offshore support vessels as part of Abraaj Capital and Waha Capital's expansion strategy for the business.

The acquisitions,

Sourse: More Info

Read More

Tasnee submits bid for Jizan refinery

MEED reported that Saudi Arabia’s National Industrialization Company Tasnee has bid for the contract to develop the kingdom’s planned USD 7 billion Jizan refineries on the Red Sea coast.

One source at the Riyadh based company confirmed that it filed a bid by the November 7

Sourse: More Info

Read More

GC (HDG) price up in all major places

GC
100Gms
0.40


Location Change

Bangalore 0

Chennai 0

Delhi 647

Kanpur 267

Kolkata 0

Ludhiana 185

Mumbai 444

Rudrapur 444


Change is on December 21st as compared to December 18th 2009
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.steelprices-india.com)

Read More

Patra (Narrow HR strips) prices up on Dec 21

Patra


Location Change

Delhi 1848

Ludhiana 370

Mandi 924


Change is on December 21st as compared to December 18th 2009
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.steelprices-india.com)

Read More

CR price movement in India on Dec 21

CR
DSK
0.63


Location Change

Ahmedabad 739

Bangalore 0

Chennai 0

Delhi 924

Kanpur 711

Kolkata 277

Mumbai 462

Pune 462

Rudrapur 355


Change is on December 21st as compared to December 18th 2009
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.steelprices-india.com)

Read More

Shanghai construction steel market enters a stalemate

It is reported that with the supply and demand stalemate in the market, Shanghai construction steel price appears stable and is hardly to have a breakthrough in short term.

Rebar
12mm
HRB 335
Location - Shanghai


CUR 11-Dec 14-Dec 15-Dec 16-Dec 17-Dec 18-Dec

CNY 3600 3620 3630 3630 3630 3630

USD 527 530 531 531 531 531


USD: CNY = 6.83

Rebar
20mm
HRB 400
Location - Shanghai


CUR 11-Dec 14-Dec 15-Dec 16-Dec 17-Dec 18-Dec

CNY 3700 3720 3730 3730 3730 3730

USD 541 544 546 546 546 546


USD: CNY = 6.83

Rebar
20mm
HRB 335
Location - Shanghai


CUR 11-Dec 14-Dec 15-Dec 16-Dec 17-Dec 18-Dec

CNY 3520 3540 3550 3550 3550 3550

USD 515 518 519 519 519 519


USD: CNY = 6.83

The stalemate could be propelled due to following factors

1. Unclear trend in future market, there is strong wait and see attitude in downstream demand and the demand of traders is also weak.

2. Inventory continues to be on upward trend in Shanghai. Cargo storage vessels started to increase last week and even had to queue in some terminals for discharge. Despite the rising trend of total inventory, specific specifications supply is still tight and with price up which could play a certain role in supporting the price of other resources.

3. Inversion of EXW prices and market prices in most Chinese local markets. And this seems to make dealers winter storage program a dilemma embarrassment.

4, Chinese production capacity release is still high with Chinese steel production grew by more than 32% and wire production by more than 46% in November compared to the same period the year before.

Although some steel traders hold wait and see attitude and operate cautiously under the pressure of supply and demand stalemate weak demand and Inversion of ex-factory price and market price, most traders are still optimistic about the future market and cheap sell-off phenomenon is relatively rare which is also constitute a certain degree of support.

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 with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html

(Sourced from www. steelprices-china.com)

Read More

Wire rod prices up in major places

WRC
SWR14
5.5/6


Location Change

Chennai 1000

Delhi 1109

Kanpur 1777

Kolkata 2310

Raipur 1777

Rudrapur 1066


Change is on December 21st as compared to December 18th 2009
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.steelprices-india.com)

Read More

Qatar set to export more LNG to India

Reuters reported that Qatar has agreed to consider India’s request to supply an additional 5 million tonnes of liquefied natural gas a year on a long term basis.

India’s oil ministry said that India currently imports 5 million tonnes of LNG every year from Qatar’s RasGas

Sourse: More Info

Read More

Iraq strengthens hand at OPEC with oil deals

Iraq has maneuvered itself into a strong position for future negotiations on output quotas with OPEC after awarding deals to international energy firms that would more than quadruple its output capacity.

Emerging from the shadow of war and keen to generate petrodollars to rebuild, Baghdad

Sourse: More Info

Read More

Qatar needs to explore other sources of energy

The Peninsula cited Mr Ibrahim Al Ibrahim secretary general of the General Secretariat for Development Planning as saying that Qatar needs to develop other unconventional sources of natural gas including shale gas.

Mr Al Ibrahim said that “For us as gas producers and exporters of

Sourse: More Info

Read More

Macroeconomic indicators - Oman cuts budget deficit

Emirates Business 24/7 reported that Oman has cut its fiscal deficit in the first 10 months of 2009 and the shortfall could be eliminated by the end of the year because of an improvement in oil prices and spending restraint.

The Omani Ministry of National Economy said that the Gulf country,

Sourse: More Info

Read More

NTPC not to suffer INR 300 billion loss – Government

It is reported that state run NTPC will not suffer INR 300 billion loss if it was to get natural gas at prices higher than those committed by Reliance Industries five years ago.

NTPC had taken RIL to court seeking implementation of the Mukesh Ambani run firm’s 2004 bid to supply 12 mmscmd of gas at USD 2.34 per mmBtu for 17 years.

Mr Bharatsinh Solanki minister of state for power in a written reply to Rajya Sabha said that “There is no loss to NTPC on account of fuel cost as the fuel cost is a pass through to beneficiaries (customers).”

He said that “NTPC’s tariff is determined by Central Electricity Regulatory Commission. As per the regulation for fixing the tariff under the Electricity Act 2003, the fuel cost is a pass through to beneficiary states/union territories who in turn realize this from consumers.”

M V Mysura Reddy had asked if RIL’s dishonoring of the contract would cause a loss of INR 300 billion to NTPC.

Mr Solanki said that “However, to protect the long term interests of its customers, NTPC always strives to source fuel at the most competitive price.”

He said the fuel cost at the delivered price of gas of USD 3.30 per mmBtu works out to INR 1.07 per unit while the same at the delivered cost of USD 6.67 per mmBtu comes to INR 2.17 per unit.

(Sourced from http://www.steelguru.com)

Read More

Geetapuram Port commissions new harbor mobile crane

Geetapuram Port Services Ltd at Dharamtar in Raigad district of Maharashtra recently commissioned a new harbor mobile crane acquired from Liebherr Werk Nenzing GmbH at a cost of about INR 20 crore. The crane arrived at the port on October 22nd 2009 but was commissioned on December 4.

With this crane, Geetapuram port now has four fully mechanized cranes to handle bulk cargo a LHM 280 with a handling capacity of 800 tonnes per hour; a LHM 250, with a capacity of 600 tonnes per hour and two Tata Mann barge unloaders each with a capacity to handle 550 tonnes per hour. These have increased the total handling capacity of the port to about 50000 tonnes per day or 12 million tonnes per year.

Sourse: More Info

Read More

Alfa Laval opens new servicing facility at Vizag

Alfa Laval a global leader in heat transfer, centrifugal separation and fluid handling has expanded its service offer by opening another servicing facility at Vizag on December 17th 2009 for repair and reconditioning of its core equipment like heat exchangers and centrifugal separators.

The new servicing facility at C6, Industrial Estate, Marripalem, Kancherapallem, Vizag will primarily serve as service centre for company’s large Southern and Eastern customer-bases.

Sourse: More Info

Read More

SCI to buy 37 vessels over next two years

It is reported that Shipping Corporation of India plans to buy a total of 37 vessels of which 31 would be new ones over the next couple of years as trade volumes begin to recover after last year’s economic meltdown.

Mr S Hajara CMD of SCI told that “We will buy 31 new vessels by 2012.” He added that the company also plans to buy six second hand vessels to augment its fleet, for which it has already floated a tender.

Mr Hajara said that “Some tenders are under process for buying second hand vessels. At present, we want to buy at least six second hand vessels.”

He further added that vessel prices have been on the decline since the past few months and the company could look at more buys over the next five years. But Mr Hajara did not specify the amount earmarked for the purchase or the nature of funding.

(Sourced from http://www.steelguru.com)

Read More

Honda plans to sell low cost compact car in India

Honda Motor Co. has said it plans to sell a low-cost compact car in India and other economically emerging nations as early as the end of 2010.

The automaker which is now developing the 1 liter car aims to drastically increase its market share in India. It currently has only a small percentage of this burgeoning market.

Sourse: More Info

Read More

Admiral Gorshkov aircraft carrier overhaul to cost India over USD 2 billion

RIA Novosti reported that India will pay Russia USD 2.3 billion for work to refit the Admiral Gorshkov aircraft carrier.

A Kremlin source said that Russia and India had reached an agreement to complete a refit of the ship.

Moscow and New Delhi had been wrangling over the final cost of the project since Russia said it had underestimated the cost of modernization and asked for an additional USD 1.2 billion a sum India called exorbitant.

Sourse: More Info

Read More

Turkish flat steel exports in November down 20pct YoY

According to the statistics provided by the Istanbul Mineral and Metals Exporters' Association, in November Turkey's total hot rolled flat steel exports amounted to 40,000 tonnes decreasing by 20% YoY and down 70.4% MoM.

In September, the country's hot rolled flat steel exports had increased by 100.73% over August. Meanwhile, the revenue generated by these exports totaled USD 21.4 million, declining by 30.17% as compared to November 2008 and down 65.39% MoM.

On the other hand, in the first eleven months of this year, Turkey's hot rolled flat steel exports rose 13.2% YoY to 873,290 tonnes totaling a value of USD 392.86 million down 46.54% compared to the corresponding period of the previous year.

Sourse: More Info

Read More

MEA rebar producers face cramped elbow room

The recent flutter in international price has throttled efforts by the mills to cope and cater the depression in this MEA region.

It is evident that the Middle Eastern market has remained largely unscathed from the glimmer of revival visible elsewhere. Rebar mills being the mainstay of Middle Eastern steel market are sinking under its own weight as the consumption of rebars in UAE, has plummeted by a heart breaking 50% from around 5.5 million tonnes last year, to 2.6 million tonnes in 2009.

Undoubtedly the domestic demand has remained abysmal crushed with impunity every time it has raised its head marked by consecutive debacles. The fear of economic bankruptcy has left an indelible imprint on the sagging economy.

Reeling under the endless gloom rebar prices have towed declination. Rebar is being quoted at around AED 1850 per tonne (USD 503) in the domestic market.

Sourse: More Info

Read More

Steel angle crashes in Ahmedabad an Kolkata

ANGL
GR A
65X6
Location Change
Ahmedabad -563
Bangalore 0
Chennai 0
Delhi 520
Indore 0
Kanpur 0
Kolkata -104
Mandi 0
Mumbai 0
Raipur 0
Rudrapur 400
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com

Read More

Wire rod prices up in Delhi

WRC
SWR14
5.5/6
Location Change
Chennai 0
Delhi 370
Kanpur 0
Kolkata 0
Raipur 0
Rudrapur 267
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com)

Read More

Rebar (TMT) price movement in India on Dec 17

TMT
Fe 415
12mm
Location Change
Ahmedabad 0
Bangalore 0
Chennai 0
Delhi 432
Hyderabad 0
Indore 0
Kanpur 0
Kolkata 0
Mandi 0
Mumbai 0
Raipur 0
Rudrapur 300
Change is on December 17th as compared to December 16th 2009
Change is in INR per tonne

Sourse: More Info

Read More

CR price movement in India on Dec 17

CR
DSK
0.63
Location Change
Ahmedabad 0
Bangalore 0
Chennai 0
Delhi 370
Kanpur 0
Kolkata 0
Mumbai 0
Pune 231
Rudrapur 0
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com)

Read More

Patra (Narrow HR strips) price up in Ludhiana

Patra
Location Change
Delhi 462
Ludhiana 739
Mandi 0
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com)

Read More

Sponge iron price dips in Raipur

Sponge iron
Location Change
Bellary 100
Kolkata 0
Raigarh 300
Raipur -100
Rourkela 0
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com)

Read More

GC (HDG) price increases in Rudrapur

GC
100Gms
0.40
Location Change
Bangalore 0
Chennai 0
Delhi 0
Kanpur 0
Kolkata 0
Ludhiana 0
Mumbai 0
Rudrapur 267
Change is on December 17th as compared to December 16th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Plate cuttings prices dip at Alang

Product Grade Size Change
Plate cuttings Rolling 1” -100
Ship Scrap Melting Mixed -100
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com

Read More

Pencil ingot prices start to go own on December 17

Pencil ingot
Location Change
Ahmedabad -400
Bhiwari 0
Durgapur 0
Ghaziabad -200
Hyderabad 0
Jaipur 0
Jamshedpur 0
Kanpur 0
Kolkata -92
Mandi 0
Mumbai 0
Muzzafarnagar -267
Nagpur -185
Raigarh 0
Raipur 0
Rourkela 185
Rudrapur 355
Change is on December 17th as compared to December 16th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Wide steel plate price up in Delhi

PLTS
GR B
12-20x2.5
Location Change
Ahmedabad 0
Bangalore 0
Chennai 0
Delhi 277
Indore 0
Kanpur 0
Kolkata 0
Mumbai 0
Raipur 0
Rudrapur 0
Change is on December 17th as compared to December 16th 2009
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.steelprices-india.com)

Read More

Yamaha gears up for new launches next year

Japanese two wheeler company Yamaha said it would introduce a new version of its super bike YZF-R1 in the country next year and a range of other models and variants from its stable to strengthen its position in India.

The company, which is likely to clock sales of 220,000 units in the Indian market and export 70,000 units from here this year, is also aiming for a 50% growth is sales from both segments in 2010.

Mr Pankaj Dubey head of India Yamaha Motor National Business told PTI that “We will launch a new version of YZF-R1 in India in 2010. The bike will be a bit more expensive than the existing YZF-R1, but will have the same 998cc engine.”

The existing YZF-R1, which was launched in 2007 comes at INR 1.05 million. The new bike YZF-R1 2010 will be imported from Japan as completely built unit like the 2007 version. Besides the YZF-R1 2010, the company also plans to launch some other models and versions in India during next year.

Mr Dubey said that “We will be launching a CBU model during next month’s Delhi Auto Expo. Besides, we will also showcase some other models and versions during the expo which are likely to be launched during the course of the year in India.”

(Sourced from http://www.steelguru.com)

Read More

Italian honor for Ratan Tata with Grand Officer rank

Italy conferred Mr Ratan Tata chairman of TATA Group with the rank of 'Grand Officer' of the Order of Merit as recognition of the conglomerate's service to Italy.

Claudio Scajola Italian minister for economic development conferred TATA with the rank and expressed hope for enhanced trade between the two countries.

Sourse: More Info

Read More

No interest in buying stake in Swaraj Mazda – TATA Motors

Auto major TATA Motors said that it has no interest in acquiring stake in commercial vehicle maker Swaraj Mazda.

TATA Motors in a statement reacting to recent media reports that it was considering acquisition of a stake in Swaraj Mazda said that "TATA Motors denies any such interest.

Sourse: More Info

Read More

Lapse of SEZ permission not to affect main project – POSCO

Seeking the Orissa government's help for renewal of its permission for setting up a SEZ along with a 12 million tonne per annum steel plant in the state, POSCO India Pvt Ltd on Wednesday clarified that it would not affect the INR 51000 crore main project.

POSCO India the Indian arm of the South Korean steel major POSCO gave the clarification in view of the Centre's direction to apply afresh for permission to set up the SEZ.

Sourse: More Info

Read More

Gulf Marine secures fund for acquisitions

Abraaj Capital and Waha Capital backed Gulf Marine Maintenance and Offshore Service Company has secured USD 100 million term loan facility from Standard Chartered Bank, Abu Dhabi Commercial Bank, Credit Suisse and Deutsche Bank to refinance existing debt and fund acquisitions in the offshore supply vessel sector, with a focus on the GCC and South East Asia markets.

As per report, the acquisitions are expected to lead to a significant increase in Group profitability and asset base with the Group's current fleet increasing from 28 OSVs to 34 OSVs by the end of 2009. A number of the new vessels to be acquired operate on a term charter basis in South East Asia, supplementing the group's current activities in the GCC and India and further expanding the Group's client base. As a result of the acquisitions, GMMOS Group fleet age is estimated to be well below the average age in the sector.

The acquisitions are consistent with the shareholders' strategy to expand and enhance the GMMOS offshore OSV fleet and chartering capabilities increasing its scale and transforming GMMOS into one of the largest fleet owner operators in the MENASA region.

http://www.steelguru.com

Read More

OPEC countries to invest more than 120 upstream projects

Emirates Business reported that more than 120 upstream projects worth USD 120 billion will be taken up in OPEC countries in the next 5 years.

As per report, members of the Organization of Oil Producing and Exporting Countries will not leave their plans for upstream capacity expansion in the wake of sober oil demand projections. Data available from OPEC World Oil Outlook for 2009 states that 120 projects worth USD 120 billion will be taken up in OPEC countries in the next 5 years.

Dubai based analysts said that even though major oil companies in the region may continue with their expansion projects they may not actually extract oil from wells now.

Mr Dheeraj Shahdadpuri a DIFC based oil analyst said that the companies may decide to wait for the next 3 to 5 months before the demand for oil picks up to a commendable extent. There may be projects where even though every other activity related to the project may be carried out the actual oil drilling may not begin."

OPEC said that the oil and gas projects are in addition to infrastructure projects currently on in the region. These projects are in addition to all energy infrastructure projects, such as pipelines export terminals and downstream expansion schemes. Most of these projects spreading from countries like Angola and Algeria to Saudi Arabia are expected to be financed by the respective governments.

(Sourced from http://www.steelguru.com)

Read More

ADNL lease finances 2 dry bulk vessels to Stellar Shipping

It is reported that Abu Dhabi National Leasing lease financed for 2 brand new dry bulk vessels amounting to AED 273 million to Stellar Shipping Company LLC.

As per report, the deal is one of the largest lease transactions in the region. It is uniquely structured by setting up 2 separate special purpose companies registered in Hong Kong as fully owned subsidiaries of ADNL. The vessels were built by Shinan Heavy Industries Company Limited in South Korea.

Mr Yousef Abdulla Yousef GM of ADNL said after attending the handing over ceremony of one of the two vessels in Gwangju of South Korea that "We are delighted to play a major role in facilitating Stellar Shipping's ambitious expansion plans as the company provides specialized and unique services and caters to the high demand in shipping industry especially with the rapid expansion of services sector in the GCC.

Sourse: More Info

Read More

Abu Dhabi may see cost rise for USD 100 billion investment drive

DJ reported that Abu Dhabi may soon find it has to pay more to finance its USD 100 billion investment drive as the oil rich emirate comes under increased scrutiny from investors questioning the terms of support between Arab Gulf governments and their companies.

Mr Abdul Kadir Hussain CEO of Dubai based Mashreq Capital said that "The Dubai World situation has called the concept of implied government support into question and ratings agencies will review companies in the UAE and probably in the region for standalone ratings."

Moody's Investor Services last week placed the debt ratings of 6 high profile Abu Dhabi government investment firms on review for possible downgrade, citing a need to revalidate and possibly reconsider assumptions of government support in Abu Dhabi and Dubai after Dubai World's call for restructuring.

Sourse: More Info

Read More

GCC industrialization plans offering investment opportunities

MEED reported that opportunities for contractors have dwindled in the real estate sector since the onset of the global slowdown but the GCC’s industrialization plans offer a rich seam of potential work.

As per report, industrialization is a core component of the economic development plans being implemented by the 6 GCC states.

Abu Dhabi, for example, in its Economic Vision 2030 master plan, cites petrochemicals and metals manufacturing as key engines of growth that are vital to the emirate’s development, alongside investment in healthcare and education infrastructure. Each of the Gulf States has initiated a raft of government-backed industrial projects in a bid to diversify their economies beyond a dependence on oil revenues. With these master plans come major contract and supply opportunities for the region’s construction and engineering companies.

Sourse: More Info

Read More

Qatar industries to consume 40pct of gas by 2030

The Peninsula cited Mr HE Abdullah bin Hamad Al Attiyah deputy Premier and minister of energy and industry of Qatar as saying that industrial sector is expected to account for some 40% of world natural gas consumption by 2030.

Mr Al Attiyah said that “Natural gas will remain a key energy source for industrial generation. The industrial sector currently consumes more natural gas than any other sector and that trend is expected to continue through 2030, when 40% of world natural gas consumption will be for industrial purposes.”

He said that the year 2009 has seen collaborative global efforts to recover from the economic recession. The consequences of the economic crisis were not just limited to financial institutions but they have directly affected other markets including oil and gas.

Sourse: More Info

Read More

Dubai debacle – Dubai moves to repair reputation

Times Online reported that 2 of Dubai’s most senior figures have begun a road show with business and political leaders in the UK and the United States as part of a strategy to repair the emirate’s battered reputation.

Sheikh Ahmed bin Saeed al-Maktoum, the uncle of Dubai’s ruler, was in London for meetings to demonstrate the emirate’s new commitment to transparency. Sheikh Ahmed, the chairman of Dubai’s Supreme Fiscal Committee, was accompanied by Mohammed al-Shaibani, the CEO of the Investment Corporation of Dubai.

Their tour began two days after the Government of Dubai revealed plans to deal with a debt crisis that panicked global markets and shattered confidence in the Gulf state.

Sourse: More Info

Read More

El Ezz Steel revenues are estimated to grow in FY10

Arab Finance reported that Prime Holding sets, in a recent study, El Ezz Steel Rebars stock target price at EGP 17.1 per share with accumulate recommendation, based on the following reasons

1. The expected rebound in infrastructure and construction projects in FY10 after a year long global recession. Hence, an improvement in local steel production.

2. The jump in international flat steel prices by 5% since September, 2009 with the pick up in steel usage for automobile and white goods manufacturers. Thus, incremental improvement in local steel prices.

Sourse: More Info

Read More

Narrow HR plate price remains flat

PLTS
GR A
8x1250
Location Change
Chennai 0
Kanpur 0
Mumbai 0
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
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.steelprices-india.com)

Read More

Steel joist (Beam) prices scenario in major places

JSTI
GR A
250X125
Location Change
Ahmedabad 520
Bangalore 0
Chennai 0
Delhi 0
Indore 0
Kanpur 0
Kolkata 0
Mandi 0
Mumbai 0
Raipur 208
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
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.steelprices-india.com

Read More

Steel light channel prices update on Dec 16

CHNL
GR A
75/100
Location Change
Ahmedabad 1126
Bangalore 0
Chennai 0
Delhi 0
Indore 500
Kanpur 0
Kolkata 0
Mandi 0
Mumbai 0
Raipur 208
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Steel angle prices up in Ahmedabad

ANGL
GR A
65X6
Location Change
Ahmedabad 1126
Bangalore 0
Chennai 0
Delhi 0
Indore 500
Kanpur 0
Kolkata 0
Mandi 0
Mumbai 0
Raipur 208
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

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 December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

CR price remains flat on Dec 16

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 December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Patra (Narrow HR strips) price remains flat in Delhi

Patra
Location Change
Delhi 0
Ludhiana 0
Mandi 0
Change is on December 16th as compared to December 15th 2009
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.steelprices-india.com)

Read More

HRC prices remains flat on Dec 16

HRC
Tube
2.5x1250
Location Change
Ahmedabad 0
Bangalore 0
Delhi 0
Kolkata 0
Ludhiana 0
Mumbai 0
Change is on December 16th as compared to December 15th 2009
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.steelprices-india.com)

Read More

GC (HDG) price remains flat on Dec 16

GC
100Gms
0.40
Location Change
Bangalore 0
Chennai 0
Delhi 0
Kanpur 0
Kolkata 0
Ludhiana 0
Mumbai 0
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Wide plate price remains flat on Dec 16

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 December 16th as compared to December 15th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Melting scrap price increases in Hyderabad and Kandla

Melting scrap
80:20
HMS
Location Change
Chennai 0
Hyderabad 500
Kandla 400
Kanpur 0
Kolkata 0
Mandi 0
Mumbai 0
Rudrapur 0
Change is on December 16th as compared to December 15th 2009
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.steelprices-india.com)

Read More

McNally Bharat AGM meeting outcome

McNally Bharat Engineering Company Ltd has informed BSE that the members at the Annual General Meeting of the Company held on November 23rd 2009 inter alia have adopted a resolution for issue of Rights Shares at the ratio of 1 new share for every 10 shares held at a premium of INR 130 that is INR 140 in all.

Read More

Turkey wire rod exports drop in November after 5 month uptrend

It is reported that in November, Turkey's wire rod exports dropped in volume and in revenue on MoM basis following 5 month rising trend while the average export price surged slightly.

According to the statistics released by the Istanbul Mineral and Metals Exporters' Association, in November Turkey's total wire rod exports amounted to 115,140 tonnes increasing by 15.23% YoY but down 31.76% over October of 2009. Meanwhile, the revenue generated by these exports totaled USD 57.78 million rising by 8% compared to the same month of the previous year and down 31.37% MoM.

In November, the average export price of Turkish wire rod amounted to USD 502 per tonnes up USD 3 per tonne or 0.6% from October levels but indicating a decrease of USD 51 per tonne or 9.2% compared to November 2008.

On the other hand, in the January to November period of the current year Turkey's wire rod exports surged 22.15% YoY to 1.07 million tonne totaling a value of USD 504.8 million down 32.02% compared to the corresponding period of the previous year.

Turkey's top ten wire rod export destinations in October this year:
Country Quantity
Libya 27,085
USA 10,685
Singapore 9,837
Peru 7,000
Tunisia 5,000
Iran 4,926
Ivory Coast 4,200
South Korea 4,000
Italia 4,000
Nigeria 3,499
(In tonnes)

(Sourced from http://www.steelguru.com)

Read More

UAE Hamriyah steel to be commissioned on January 6

It is reported that Hamriyah Steel is scheduled to be commissioned on January 6th 2010 having begun operational tests in mid November.

Hamriyah Steel is JV of Russian steel and iron ore producer Metalloinvest and Dr Sheikh Sultan Bin Khalifa Bin Zayed Al Nahyan the ruler and emir of Abu Dhabi.

Metalloinvest's subsidiary Ural Steel which will be the supplier of semi finished products for Hamriyah Steel sent 4000 tonnes of billets to the UAE for the operational tests in question.

Sourse: More Info

Read More

Narrow HR plate price falls in Kanpur

PLTS
GR A
8x1250
Location Change
Chennai 0
Kanpur 0
Mumbai 0
Rudrapur 355
Change is on December 15th as compared to December 14th 2009
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.steelprices-india.com)

Read More

Steel joist (Beam) prices scenario in major places

JSTI
GR A
250X125
Location Change
Ahmedabad 728
Bangalore 0
Chennai 500
Delhi 520
Indore 500
Kanpur 200
Kolkata 0
Mandi 312
Mumbai 0
Raipur 416
Rudrapur 400
Change is on December 15th as compared to December 14th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Steel light channel prices update on Dec 15

CHNL
GR A
75/100
Location Change
Ahmedabad 563
Bangalore 0
Chennai 500
Delhi 520
Indore 300
Kanpur 500
Kolkata 0
Mandi 312
Mumbai 0
Raipur 624
Rudrapur 400
Change is on December 15th as compared to December 14th 2009
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.steelprices-india.com

Read More

Steel angle prices up in Delhi

ANGL
GR A
65X6
Location Change
Ahmedabad 563
Bangalore 0
Chennai 500
Delhi 936
Indore 500
Kanpur 400
Kolkata 0
Mandi 312
Mumbai 0
Raipur 520
Rudrapur 800
Change is on December 15th as compared to December 14th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Wire rod prices up in all major places

WRC
SWR14
5.5/6
Location Change
Chennai 500
Delhi 370
Kanpur 178
Kolkata 0
Raipur 444
Rudrapur 0
Change is on December 15th as compared to December 14th 2009
Change is in INR per tonne

Sourse from: http://steelprices-india.com/spi_services/terms_of_use_for_registration.html

Read More

CR price remains flat on Dec 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 December 15th as compared to December 14th 2009
Change is in INR per tonne

Sourse: More Info

Read More

Patra (Narrow HR strips) prices up on Dec 15

Patra (Narrow HR strips) prices up on Dec 15

Patra
Location Change
Delhi 647
Ludhiana 185
Mandi 277
Change is on December 15th as compared to December 14th 2009
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.steelprices-india.com)

Read More

HRC prices up in Kolkata

HRC prices up in Kolkata

HRC
Tube
2.5x1250
Location Change
Ahmedabad 0
Bangalore 0
Delhi 0
Kolkata 277
Ludhiana 185
Mumbai 0
Change is on December 15th as compared to December 14th 2009
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.steelprices-india.com)

Read More

GC (HDG) price up in some places on Dec 15

GC
100Gms
0.40
Location Change
Bangalore 0
Chennai 0
Delhi 0
Kanpur 355
Kolkata 277
Ludhiana 0
Mumbai 0
Rudrapur 267
Change is on December 15th as compared to December 14th 2009
Change is in INR per tonne

http://steelprices-india.com/spi_services/terms_of_use_for_registration.html

Read More

Wide plate prices up in Kolkata and Rudrapur

PLTS
GR B
12-20x2.5
Location Change
Ahmedabad 0
Bangalore 0
Chennai 0
Delhi 0
Indore 0
Kanpur 0
Kolkata 185
Mumbai 0
Raipur 0
Rudrapur 178
Change is on December 15th as compared to December 14th 2009
Change is in INR per tonne

http://steelprices-india.com/spi_services/terms_of_use_for_registration.html

Read More

Melting scrap price scenario on Dec 15

Melting scrap
80:20
HMS
Location Change
Chennai 500
Hyderabad 0
Kandla 200
Kanpur 355
Kolkata 0
Mandi 185
Mumbai 0
Rudrapur 800
Change is on December 15th as compared to December 14th 2009
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.steelprices-india.com)

Read More

J Kumar Infra raises INR 550 million through QIP

J Kumar Infra projects a civil engineering and infrastructure development company announced that it raised INR 550 million via qualified institutions placement.

As per release J Kumar Infra’s board has issued and allotted 3076785 fully paid up equity shares at a price of INR 180.25 a share including a premium of INR 170.25 a share

Sourse: More Info

Read More

Trans Asian Shipping christens new vessel

Trans Asian Shipping Services Ltd a subsidiary of Trans Asian Shipping Services Ltd based has launched a new vessel MV Karuthal.

The christening ceremony of the vessel was held last week when it was inaugurated by Mr Oommen Chandy leader of the Opposition in the Kerala Legislative Assembly in the presence of Mr N Ramachandran, chairman of Cochin Port Trust and Mr T Johnson chairman of the Trans Asian Group.

The 94 TEU capacity Karuthal flagged in St Kitts and Nevis is a multipurpose container vessel built this year at a cost of USD 3 million. The ship is to be deployed by the Trans Asian Group and is currently scheduled to operate in the Middle East Gulf.

The vessel can operate in small ports the world over, thus extending the reach of containerised sea transportation to a far more number of ports than the traditional container ports existing and operating.

(Sourced from Exim News Service)

Read More

Bank consolidation is the need of hour - ASSOCHAM

In a bid to widen assets base of leading Indian banks as also enhance their global competitiveness, The Associated Chambers of Commerce and Industry of India has called for Bank’s consolidation without any delay despite dithering of Reserve Bank of India on the issue.

The ASSOCHAM analysis titled The Need for Banking Sector Consolidation after having analyzed position of total assets of India’s ten largest banks vis à vis size of it’s GDP at end of fiscal 2008-09 finds that size of Indian banks in terms of their assets stands very small to make optimal use of their capacities to raise funds at internationally competitive rates. The balance sheets of top 10 Indian banks suggest the greater scope of consolidation to reap the benefits of large sized globally competitive Indian banks.

Sourse: More Info

Read More

BoA grants 6 Formal and 2 in principle approvals for SEZ

The Board of Approval of the Special Economic Zones met to consider proposals for setting up of SEZs and also to approve other miscellaneous requests pertaining to SEZs.

Addressing the Board of Approval members, the Chairman informed that so far 570 formal approvals have been granted for setting up of SEZs out of which 346 have been notified. He further informed that over INR 130341 crore have been invested in the Special Economic Zones during this short span of time and direct employment of the order of 418129 persons has been generated in the Special Economic Zones. During the first half of current financial year, total export of INR 89750.75 crore has been made from SEZs

Sourse: More Info

Read More

India to set up team for road project with Malaysia

Mr Kamal Nath Road transport and highways minister on Monday said that a team would be set up for greater collaboration with Malaysia in the road sector.

Mr Nath after a meeting with Malaysian minister of works said that “We are setting up a team which will hold talks with the Malaysian government to enhance collaboration in the road sector. Malaysia has been present in the space for the past 15 to 20 years and is currently engaged in 35 projects in the country.”

He added that the committee will be headed by roads director general and will have members from the finance department, planning commission and other ministries.

Mr Nath further said that “We are also examining possibilities of government to government engagement to arrive at a win win situation for both adding India will also look at Malaysia for funding.”

Sourse: More Info

Read More

Bajaj Auto draws plan to ride high globally

According to Mr S Sridhar CEO of Bajaj Auto, Bajaj Auto has set sight on securing the top spot in the world and a blueprint is being drawn.

Mr Sridhar said that “Bajaj Auto has a serious plan to become Global No.1 and there are many programs being developed for this purpose.” He added that the company wanted to become the leader both in volume as well as biking experience.

However Mr Sridhar declined to elaborate on the company’s plans.

(Sourced from http://www.steelguru.com
)

Read More