Indian steel industry likely to hit by Dubai crisis

ET reported that Indian steel industry could likely see an impact on one part, mainly on the long steel segment, which has products used in the construction industry. According to Mr Sushim Banerjee ED commercial of Steel Authority of India, the financial crisis in Dubai could further delay construction activity, which had come to a halt since early 2008 after a crash in property prices. Mr Banerjee said that “Dubai is not a large market as far as exports are concerned. But steel companies do supply construction grade steel in Dubai through construction...

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Indian Steel - Strategic Overview By Dr AS Firoz

The new study of Dr AS Firoz, currently sold exclusively by steelguru.com, moves away from the common perceptions on the growth potential of the Indian steel industry. The reports critically examines the macro economic conditions globally and in India both in the short and longer term perspectives and brings out some of the most thought provoking points the stakeholders in the industry need to keep in mind. The study is positive on the immediate future and goes on to say “we expect revival by the turn of the winter with China taking a big lead....

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Bahrain new USD 355 million ports to be huge earner

Trade Arabia reported that Bahrain's BHD 134 million Khalifa bin Salman Port is set to be officially launched next month. The state of the art facility, which has been up and running since April will be opened under the patronage of His Majesty King Hamad and Finance Minister Mr Shaikh Sourse: More I...

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DP World not in Dubai World debt restructuring

Reuters reported that international port operator DP World and its debt are not included in the restructuring of Dubai World. Recently, the Dubai government said that it will ask creditors of Dubai World and property group Nakheel to agree a debt standstill as it restructures the Dubai Sourse: More I...

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Government warns JSW led JV on delay in developing coal block

The government has warned steel makers JSW Steel, Bhushan Power & Steel and Jai Balaji of action if they do not take steps to develop the captive mine jointly alloted to them in Jharkhand. In a notice issued to the three firms on November 16th 2009 for delay in developing Jharkhand's Rohne coal block though joint venture, the Coal Ministry said that "As per the milestone, the company should have obtained approval for its Mine Plan, prior approval of Central Government for Mining Lease, applied for Forest Clearance, Environment Management Plan...

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Directory of Steel Pipe Makers in China

Published in December 2008, 'Directory of Steel Pipe Makers in China ' has been comprehensively researched and prepared, to bring you a fully up to date guide to Chinese steel pipe industries. Why spend hundreds of hours searching for new contacts? Invest in a copy Sourse: More I...

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Billet prices in Turkey and the Black Sea increase backed

Steel billet prices in Turkey and the Black Sea have risen this week due to higher scrap and iron ore prices although overall demand remained thin with some buying coming from North Africa. Black Sea FOB billet was quoted between USD 420 per tonne to USD 440 per tonne from USD 405 per tonne Sourse: More I...

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Astra Industrial Group to take over 51pct stake in Al Tanmia

Astra Industrial Group of KSA announced completing all legal procedures on November 24th 2009 regarding the takeover of 51% of Al Tanmia for Steel Industry after being approved by the general assembly's regular meeting on September 14th 2009. On July 26th 2009, the Group had received the Sourse: More I...

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Monday Market Monitor - Middle East (WEEK 48) - Dubai teeters

The market largely remained quiet due to Bakr Id and Haj holidays during the week. However the more reverberating happening was the possibility of sovereign default looming large as Dubai’s main development engine Dubai world asked creditors for a standstill on paying back its USD 60 Sourse: More I...

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TATAs reject GBP 10 million loan by British government - Report

Indian conglomerate TATA Group has rejected a GBP 10 million British government loan, which was supposed to be used for developing an electric version of one of its existing models. Sunday Times reported that "The Indian conglomerate TATA has snubbed Lord Mandelson, the business secretary, rejecting a 10 million pound loan for a technical centre in the Midlands.” Quoting senior motor industry sources the report said the TATAs owner of premium car brands Jaguar and Land Rover and steel maker Corus has in the past few days told the government that...

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Private oil companies suggest freeing of fuel prices

PTI reported that private oil firms Reliance Industries and Essar along with Royal Dutch Shell pitched for freeing of petrol and diesel prices to give consumers a choice. Sources said that the three companies in separate presentations to the Kirit Parikh Committee on fuel pricing suggested Sourse: More I...

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Gammon plans INR 5000 crore road project investment

Infrastructure player Gammon India plans to make an yearly investment of up to INR 5000 crore for roads development projects and is looking to bid for 10 projects by fiscal end. Mr Parvez Umrigar MD of Gammon said that “As of now we plan to invest Rs 1,000-5,000 crore every year on Sourse: More I...

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Reach Indian steel and allied sectors at competitive rates

We would like to inform you of a unique opportunity to reach Indian steel industry and allied sectors through our platform. www.steelguru.com is the most popular and visited English based steel portal globally with average daily page hits of 80,000+ per day. You may like to check our ranking using www.alexa.com, where it can be compared with other web sites. It has a very special place among Indian audiences as more than 50% of the visitors are from Indian subcontinent. In addition, our E mail based daily news letter Steel Trade Today reaches...

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Mangala oilfield output reaches 1 million barrels

Cairn India which began production from the world class Mangala oilfield in Rajasthan in late August has reached 1 million barrels of oil output from the nation's most prolofic onland field. Sources said that "Cairn achieved the milestone of successfully producing and delivering 1 million Sourse: More I...

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Wagon shortage spikes cement prices in West, South India

After falling 20% to 30% in the last three months, cement prices have started moving up in western and southern India, thanks to the shortage of railway wagons. Prices in these regions have firmed up in the range of INR 5 to INR 10 for a 50 kg bag in the last one week. Mr Vinod Juneja MD of Sourse: More I...

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Sembawang and Kakinada Seaports to form JV

Sembawang Shipyard a wholly owned subsidiary of the Singapore based Sembcorp Marine and Kakinada Seaports announced that they will sign an agreement to form a JV company Sembmarine Kakinada Ltd. The JV company to be created with an investment of about USD 375 million over 3 to 5 years will Sourse: More I...

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Royal Enfield to ramp up capacity

Chennai based Royal Enfield a niche motorcycle maker and part of Eicher Motors on Friday said it would ramp up capacity to 100000 units from 50,000 by 2013. The report quoted Mr S Koshy DGM (Sales and Marketing) of Royal Enfield as saying that "The company will expand the capacity to Sourse: More I...

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ABG and Bharati open offers for Great Offshore from December 3

The takeover battle for Great Offshore is set to go into the next round as ABG Shipyard and Bharati Shipyard said their competing open offers will begin on December 3. Both the bidders said the offer period will run simultaneously. Mr Dhananjay Datar CFO of ABG shipyard said that “The open offer will run from December 3 to 22 and the last date for revising the open offer price will be December 11. Earlier this month SEBI had rejected Bharati Shipyard's request for taking management control of Great Offshore. Bharati will only be allowed to increase...

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Government to double wind power generation by 2022

The government plans to double wind power generation capacity to over 20000 MW by 2022 to promote use of renewable resources. The current installed power capacity from renewable sources of energy stands at about 13,300 MW of which 10,500 MW comes from wind power. The government plans to double wind power generation in the country over the next decade. Mr Farooq Abdullah minister for new and renewable energy on the sidelines of an Assocham event told reporters that "Currently wind power generation in the country stands at about 10,500 MW. We will...

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Pakistan should cancel accord with PSA to complete Gwadar Port project

Business Recorder cited Mr Rana Mehmood ul Hassan chairman of standing committee port and shipping as saying that in order to complete the Gwadar Port project, government should cancel the agreement with the Port of Singapore Authority. He said that Port of Singapore Authority did not do Sourse: More I...

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Directory of Re-Rolling Industry in India

Published in January 2009, 'Directory of Re-Rolling Industry in India ' has been comprehensively researched and prepared, to bring you a fully up to date guide to Indian Re-Rolling industries. Why spend hundreds of hours searching for new contacts? Invest in a copy Sourse: More I...

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Argentina to assist Pakistan in exploring new trade markets - Mr Rodlfo

Business Recorder cited Mr Rodlfo J Martine ambassador of Argentina to Pakistan as saying that Pakistan and Argentine with active co operation and understanding can come out of the prevailing global economic recession. Mr Martine said while addressing the business community during his visit Sourse: More I...

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Dubai Drydocks World announces LNG conversion project

Dubai Drydocks World announced that work is underway on its first ever Floating Storage Re gasification Unit conversion project known as the FSRU Livorno Project. The conversion of the Liquefied Natural Gas carrier “Golar Frost” into an FSRU is being handled by the Main Sourse: More I...

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Shell enters testing phase at Pearl GTL

The Peninsula reported that Pearl GTL will use Shell's proprietary Gas to Liquids technology to convert some 1.6 billion cubic feet of gas per day into high quality, clean burning oil products such as gasoil, high specification lubricants base oils and chemicals feedstock. The company in a Sourse: More I...

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Bloom Properties to build a property development in Karbala

Arabian Business reported that Abu Dhabi based developer Bloom Properties is reportedly in talks with the Iraqi government to build a huge property development in Karbala. According to a report in the National, the development has been valued at USD 18 billion making it the one of the Sourse: More I...

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GC (HDG) price remains flat on Nov 26

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 November 26th as compared to November 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...

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Sponge iron price movement in major places on Nov 26

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh 0 Raipur 0 Change is on November 26th as compared to November 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...

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HRC prices remains flat on Nov 26

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Delhi 0 Kolkata 0 Ludhiana 0 Mumbai 0 Change is on November 26th as compared to November 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...

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Invitation to use FREE services of world’s largest steel and metals’ portal <a href="http://www.steelguru.com">www.steelguru.com</a>

Dear SirWe have the privilege to extend an invitation to you to utilize our steel related information services free of cost. Pl visit www.steelguru.com and enter your details to utilize our services. www.steelguru.com was started in June 2005 and now our web site gets more than 80,000 page hits per day, which makes it the most popular steel portal in English language globally. In addition there are more than 40,000 subscribers spread across 170 countries, who receive STT everyday, making STT largest circulating news letter on steel in the world.www.steelguru.com...

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Indian flat product price index down by 6 points

The Indian Long Product Price Index ILPPI went up by 4 points whereas Indian Flat Product Price Index IFPPI went down by 6 points. The overall Indian Steel Price Index INDSPI down by 1 point Class 24-Nov 25-Nov Change % ILPPI 5831 5835 4 0.1% IFPPI 7172 7166 -6 -0.1% INDSPI 6470 6469 -1 0.0% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 24-Nov 25-Nov Change % PI - TMT 5525 5536 12 0.2% PI - WRC 6356 6356 0 0.0% PI - Angle 5505 5501 -3 -0.1% PI -...

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Jindal Rail finalizing tech deal with Japanese firm

Jindal Rail Infrastructure Ltd a 100% subsidiary of Jindal ITF the infrastructure arm of Jindal SAW Ltd is likely to finalize a technical tie up with a Japanese company for manufacturing of electric multiple unit coaches at its upcoming wagon making facility at Karjan. Mr Indresh Batra MD of Jindal SAW Ltd and vice chairman Jindal ITF part of the USD 12 billion O P Jindal Group said that “We are all set to sign an agreement with the Japanese player by the end of this year and can look forward to manufacturing EMU coaches from 2011.” But he declined...

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TATA and CSN set to become stakeholders in Riversdale Mining

Brazil’s CSN and TATA Steel which had once battled for control of Corus, the European steel company are set to become stakeholders in Australia’s Riversdale Mining. In an intimation to the stock exchanges, CSN has informed that the company’s board of directors had approved the acquisition of a minority interest of 16.3% in Riversdale Mining. The price per share would be of AUD 6.10. TATA Steel already has about 20% in Riversdale. A spokesperson said that the company also had an offtake arrangement with Riversdale. Further, TATA Steel has a joint...

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MDA to host USD 2 billion solar farms

Jordan Times reported that Maan Development Area will host 3 separate plants to be constructed by renewable energy companies to produce electricity from solar power at a total cost of USD 1.5 billion. Mr Mohammad Turk president of Maan Development Company whose organization runs the affairs Sourse: More I...

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SEC extends deadline for USD 2 billion plant

Reuters reported that State run Saudi Electricity Company has set December 20th 2009 as a new deadline for bids to build USD 2 billion to USD 2.5 billion power plants in Riyadh. Mr Amer al Swaha head of the independent power producer at SEC said that the deadline was extended due to Sourse: More I...

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Order book to swell further by March - Mr Chandak MD KEC International

CNBC-TV18 November 2009 KEC International has recently received orders from Power Grid and MSEB. It has also received orders from West Asia worth INR 400 crore. The company also won a further INR 132 crore in orders from Maharashtra State Electricity Distribution Company. In an interview with CNBC-TV18, Mr Ramesh Chandak, MD of KEC International spoke about the company’s order pipeline and the cables business. Q - Take us through the order book at this point in time, how much has it expanded it from say six months ago levels? A - The order...

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McNally Bharat plans restructuring - Mr Srinivash

Engineering firm McNally Bharat is planning to consolidate or separate its global and Indian subsidiaries by next September. Mr Srinivash Singh MD of McNally told reporters that “We have invited expressions of interest from Ernst and Young, KPMG, Accenture and McKinsey and we will decide by December 10 who will advise us on the right way to consolidate.” Apart from this, the company has also appointed PricewaterhouseCoopers for studying its organizational and human resource structure. Mr Singh said that “PwC will suggest to us whether to consolidate...

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Melting scrap price decreases in Kolkata

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla -200 Kanpur -267 Kolkata -554 Mandi -92 Mumbai 0 Rudrapur -311 Change is on November 25th as compared to November 24th 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...

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MEASPI - Barometer for steel prices in Middle East Asia

Amidst the currently prevailing volatile and speculative global steel price scenario, SteelGuru.com has started the much needed barometer to track and measure the price movements on daily basis in Middle East. In order to provide index for steel prices SteelGuru.com decided to work on both Sourse: More I...

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UAE to award nuclear power reactors contract to a French consortium

Reuters cited Mr Henri Proglio head of utility group GDF Suez as saying that UAE will award USD 40 billion contract to build several nuclear power reactors to a French consortium in the next few weeks. He said that the grouping includes GDF Suez, nuclear engineering group Areva and oil Sourse: More I...

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Cooperative bonds to be issued next month to fund 8 steel projects - IMIDRO

Iranian Mines and Mining Industries Development and Renovation Organization said that IRR 10 trillion worth of cooperative bonds will be issued next Iranian month to expedite the construction of 8 steel projects in Iran. Islamic Republic of Iran Broadcasting reported when these 8 projects Sourse: More I...

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Wide plate price falls in Rudrapur on Nov 25

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 -178 Change is on November 25th as compared to November 24th 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...

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Plate cuttings prices fall further at Alang

Product Grade Size Change Plate cuttings Rolling 1” -100 Ship Scrap Melting Mixed 0 Change is on November 25th as compared to November 24th 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...

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British company to build a steel mill in Khour al Zubair - Mr Ali Fadhel

Aswat Aliraq cited Mr Haider Ali Fadhel president of the Basra Investment Commission as saying that he discussed with the manager of a British company the possibility of establishing a steel mill in Khour al Zubair. Mr Ali Fadhel said that "A British delegation chaired by Mr John Moore Sourse: More I...

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Downward pressure continues on steel prices in the developing nations

Purchasing activity remains subdued in the Turkish market. Downward pressure has continued to be exerted on negotiated finished steel prices. Market participants are presently trying to maintain manageable inventory levels. In the flat product segment, the preference for short term agreements Sourse: More I...

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Rajhi Steel embarks expansion plans backed by real and sustainable demand

Arab Steel reported that Rajhi Steel embarks on huge expansions worth SAR 4 billion which shall lead to increased capacity in the coming 2 years. This came in the work paper presented by Mr Abdulaziz Saleh Al Abboudi CEO of Mohammed Abdul Aziz Al Rajhi and Sons Industry Holding Company, to the Sourse: More I...

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Indian Railways to build 15 auto hubs across country

To promote traffic of automobiles through the railways, its ministry is considering 15 automobile hubs to be set up on public private partnership across the country. As per report the railways would provide land for constructing the hubs and the facilities would be set up by private sector Sourse: More I...

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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 November 24th as compared to November 23rd 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...

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Rebar (TMT) price down in Indore

TMT Fe 415 12mm Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Hyderabad 0 Indore -200 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Change is on November 24th as compared to November 23rd 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...

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CR price remains flat on Nov 24

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 November 24th as compared to November 23rd 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...

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Patra (Narrow HR strips) price up in Ludhiana

Patra Location Change Delhi 0 Ludhiana 185 Mandi 0 Change is on November 24th as compared to November 23rd 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...

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HRC prices remain flat on Nov 24

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Delhi 0 Kolkata 0 Ludhiana 0 Mumbai 0 Change is on November 24th as compared to November 23rd 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...

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Sponge iron price up in Raigarh

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh 100 Raipur 0 Change is on November 24th as compared to November 23rd 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...

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GC (HDG) price decreases in Ludhiana

GC 100Gms 0.40 Location Change Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Ludhiana -185 Mumbai 0 Rudrapur 0 Change is on November 24th as compared to November 23rd 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...

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Plate cuttings prices fall further at Alang

Product Grade Size Change Plate cuttings Rolling 1” -200 Ship Scrap Melting Mixed -200 Change is on November 24th as compared to November 23rd 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...

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Wide plate price remains flat on Nov 24

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 November 24th as compared to November 23rd 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...

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INR 563 crore plan to revamp Bangalore power distribution

BL reported that Bangalore Electricity Supply Company has undertaken INR 563 crore programs for automation of its distribution system by 2011-12. Mr Tushar Giri Nath MD of Bescom said that the effort will be undertaken with the help of INR 417 crore loans from the Japan Bank for Sourse: More I...

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Rays of recovery - Indian Shipping firms back to making profit

Shipping companies are back to making profit after a gap of almost a year as the freight rates for dry bulk carriers surge on import of iron ore and food grain by China. The Baltic Dry Index, the benchmark index for such ships touched 4,381 on Tuesday a 14 month high. The Baltic Dry index Sourse: More I...

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PFC NTPC PGCIL and REC ink JV to promote energy efficiency

Power Finance Corporation said it has signed a pact with NTPC Ltd, Power Grid Corporation of India Ltd and Rural Electrification Corp Ltd to set up a joint venture company to promote energy efficiency projects in the country. The joint venture in which each partner will hold 25% will Sourse: More I...

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BHEL in search of partner for nuclear turbine and reactor project

BHEL is scouting for a technology partner for its ambitious nuclear turbine and reactor project. The company is likely to set up a unit of 700 MW and a 1000 MW nuclear turbine unit in Bhopal. As per reports, BHEL is in talks with various technology partners for the projects. The report said Sourse: More I...

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Petronet may acquire up to 10 pct stake in OPaL

PTI reported that liquefied gas importer Petronet LNG Ltd is keen to acquire up to 10 per cent stake in ONGC Petro-additions Ltd which is setting up a cracker complex in Gujarat. Mr A K Balyan director (Human Resources and Business Development) of ONGC told reporters that “Petronet Sourse: More I...

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Indian steel price index reflects rebound in longs

The Indian Long Product Price Index ILPPI went up by 11 points whereas Indian Flat Product Price Index IFPPI went down by 2 points. The overall Indian Steel Price Index INDSPI went up by 5 points Class 18-Nov 19-Nov Change % ILPPI 5821 5832 11 0.2% IFPPI 7179 7177 -2 0.0% INDSPI 6468 6473 5 0.1% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 18-Nov 19-Nov Change % PI - TMT 5511 5526 15 0.3% PI - WRC 6349 6356 7 0.1% PI - Angle 5495 5508 14 0.3% PI...

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High level committee of state ministers - Mr Anand Sharma

Mr Anand Sharma Union Minister for Commerce & Industry of India delivering a keynote address at the first Conference of State Industry Ministers said that Indian industry had made great strides in achieving global competitiveness and becoming one of the most attractive investment destinations Sourse: More I...

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Indian government measure against slow down

Indian government has taken the following measures in helping the steel industry, including small and medium steel producers, in overcoming the situation arising out of global financial crisis. These are 1. Export duty on steel items has been withdrawn wef October 31st 2008 2. DEPB on steel items restored wef November 14th 2008 3. Import Duty on iron and non-alloy steel items re-imposed at 5%, wef. November 18th 2008 4. Excise Duty on steel items reduced from 14% to 10% wef December 7th 2008. 5. Countervailing duty on TMT bars and structurals...

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MoUs for biogas based power plants at Gaushalas in Haryana

It is reported that the MoUs for setting up of Biogas based power plants at five Gaushalas in Haryana were signed in the presence of Dr. Farooq Abdullah union minister of new & renewable Energy and Mr Jairam Ramesh minister of state (Independent Charge) for environment and forests. The Sourse: More I...

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Kochi port extends wharfage waiver for BPCL

Kochi port has extended wharfage waiver to BPCL-Kochi Refinery for back loading of crude oil at Cochin Oil Terminal for one more year. The move is seen as a strategic measure to increase the cargo throughput and revenue of the port in the long run. The decision was in response to a request Sourse: More I...

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IRFC to raise INR 4000 crore in 2009-10

Having already mobilised INR 5270 crore in the current fiscal, the Indian Railway Finance Corporation will be raising INR 4000 crore in the remaining part of 2009-10. As per report to raise these funds, it will use a combination of instruments such as tax free bonds, 15 to 20 year taxable Sourse: More I...

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Pencil ingot prices post handsome gains across India

Pencil ingot Location Change Ahmedabad 100 Bhiwari 0 Durgapur 370 Ghaziabad 0 Hyderabad 0 Jaipur 0 Jamshedpur 0 Kanpur 355 Kolkata 0 Mandi 0 Mumbai 200 Muzzafarnagar 0 Nagpur 370 Raigarh 0 Raipur 185 Rourkela 277 Rudrapur 444 Change is on November 19th as compared to November 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...

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Gilbarco to buy Larsen and Toubro fuel dispenser business

US based fuel control service provider Gilbarco Inc said that it would acquire the petroleum dispensing pump business of Larsen and Turbo as part of a plan to increase its presence in the local metering business. People familiar with the development said that although Gilbarco didn’t Sourse: More I...

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Sunflag promoter hikes stake

Sunflag Iron & Steel Company gained after one of the promoters hiked his stake in the firm. As per report Mr Pranav Ravi Bhushan Bhardwaj a promoter of the company hiked his stake to 0.56% from 0.43% after acquiring 212000 shares representing 0.13% of the equity capital of the company Sourse: More I...

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Mr Manohar elect as president of Indian Society for Training and Development

Mr Y Manohar director (Personnel) of Visakhapatnam Steel Plant who was elected National President of Indian Society for Training and Development, was felicitated by its Visakhapatnam Chapter and other professional bodies like Visakhapatnam Management Association, National Institute of Personal Sourse: More I...

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JLR acquisition strategic and worthwhile - Mr Ratan Tata

According to Mr Ratan Tata chairman of TATA Group, the acquisitions of the British marquees Jaguar Land Rover as strategic and worthwhile and said the company will strive to bring the old glory of the brands. Mr Tata said that JLR is likely to continue importing into the country rather than Sourse: More I...

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Essar Group expects pressure in iron and coal prices

Indian steel mills have cut steel prices twice in the last 30 to 40 days in line with lower international prices. Mr J Mehra director of the Essar Group commenting on how that has impacted the Indian steel sector speaks exclusively to CNBC-TV18. Q. What do you think is going to be the trajectory going forward, you have already seen two price cuts, do you think before the year is out there can be more of these? A - I would say what cuts had to be given have been given. In the meantime the international prices have started firming up and there...

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Pratibha Industries bags NTPC Mauda STTP contract

Pratibha Industries Ltd has informed BSE that the company has secured Circulating Water and Make-up Water System Civil Works Package for Mauda Super Thermal Power Project (2 X 500MW) from NTPC Ltd. The total contract value is INR 58.85 crore excluding the raw material cost to execute the Sourse: More I...

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Gujarat NRE to double coal production

Mr Arun Kumar Jagatramka MD of Gujarat NRE Coke in a recent interview with CNBC TV18 spoke about the company’s performance and its further growth. Here is a verbatim transcript of an exclusive interview with CNBC TV18. Q. How have your end product prices panned out since the end of Sourse: More I...

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Nobel Group opposes Paradip port move to mechanize berth

BL reported that Paradip Port Trust’s bid to mechanise the CQ3 berth has run into rough weather. As per report Nobel Group led consortium which has been awarded the contract for constructing a deep draft iron ore berth on BOT basis through the public private partnership mode is Sourse: More I...

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RINL worker wage talks remain deadlocked

BL reported that the talks for revision of wages for Visakhapatnam Steel Plant failed on Thursday with the unions rejecting the management’s insistence on submission of a letter of support for 24% minimum guaranteed benefit. Following adjournment of the meeting held in New Delhi, the National Joint Committee for Steel Industries decided to hold next round of talks on November 29. Mr D. Adinarayana president of Visakha Steel Workers Union, the recognised union of VSP, said they expressed their protest over inordinate delay in wage revision by...

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McNally Bharat bags CHP order from SAIL RSP

McNally Bharat Engineering Company said it has bagged an order worth INR 306.45 crore for engineering related works at Steel Authority of India Limited’s Rourkela Steel Plant. McNally Bharat in a filing to the Bombay Stock Exchange said that among various works, one is for design and erection of new coal handling plant at Rourkela Steel Plant. The filling said that the contractual period for completion of the project is 24 months. From: http://www.steelguru.com/news/index/2009/11/20/MTIxNDQz/McNally_Bharat_bags_CHP_order_from_SAIL_RSP.h...

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Investment in Indian steel industry possible anywhere n the country

The Indian union government announced that entrepreneurs are free to set up steel plants anywhere in the country except in restricted locations based on their commercial judgement. According to the New Industrial Policy announced in July 1991 steel industry has been de licensed and removed Sourse: More I...

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JSW Steel has no plans to sell US operations - Mr Jindal

Dow Jones Newswires reported that JSW Steel Ltd has no plans to sell its struggling US operations despite low demand for its products. Mr Sajjan Jindal vice CMD of JSW Steel, while speaking to reporters on the sidelines of a company event to announce a strategic tie up with Japan's JFE Sourse: More I...

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OPEC unlikely to impose further cuts before December

Khaleej Times reported that members of the Organization of Petroleum Exporting Countries are unlikely to enforce further oil production cuts before their next joint meeting in December, though they perceive that the market remains oversupplied. Mr Jose Botelho de Vasconcelos president of Sourse: More I...

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Arabtec chief eying further opportunities in MENA

Arabian business cited Mr Riad Kamal CEO of Arabtec as saying that company will bid for further work in Abu Dhabi while it is also eyeing projects in Bahrain, Algeria, Egypt, Libya and Syria. Bahrain, Egypt and Syria are among the markets being considered for new projects by UAE construction Sourse: More I...

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Plate cuttings prices remain flat at Alang

Product Grade Size Change Plate cuttings Rolling 1" 0 Ship Scrap Melting Mixed 0 Change is on November 17th as compared to November 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...

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GC (HDG) price remains flat

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 November 17th as compared to November 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...

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Patra (Narrow HR strips) price remains flat in Delhi

Patra Location Change Delhi 0 Ludhiana 0 Mandi 0 Change is on November 17th as compared to November 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.st...

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http://www.steelguru.com/news/index/2009/11/19/MTIxMTcy/Construction_to_boost_MENA_steel_demand_by_7pct.html

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi -462 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on November 17th as compared to November 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...

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Construction to boost MENA steel demand by 7pct

Reuters reported that steel demand in the Middle East and North Africa region will rise by 7% in 2010 to around 60 million tonnes on the back of robust construction spending. Mr George Matta marketing director at Ezz Steel said that he expected the region's consumption to fall by a slight Sourse: More I...

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Arab consumption of finished products tops 46 million tonnes in 2008

Arab Steel reported that Mr Mohamed Laid Lachgar secretary general of Arab Iron & Steel Union emphasized the importance of having Arab companies with capacities reaching 5 million or even 10 million tonne per year of finished iron and steel products, as the global trend for the expansion in Sourse: More I...

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Turkish wire rod exports in October hit monthly record

Steel Orbis reported that in October, Turkey's wire rod exports surged in volume and in revenue for the 6th consecutive month, reaching their highest monthly levels recorded in 2009. According to the statistics released by the Istanbul Mineral and Metals Exporters' Association, in October Sourse: More I...

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MMK Atakas closes financing for Turkish steel JV

Reuters reported that Magnitogorsk Iron and Steel Work’s Turkish JV MMK Atakas has closed financing for integrated steel plant JV in Turkey. Financing comprises of EUR 384 million export credit facility and USD 450 million commercial facility along with USD 60 million working capital Sourse: More I...

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National highways must have efficiency boost- TCI IIMC report

Transport Corporation of India Limited in association with IIM Calcutta unveiled a study report on Operational Efficiency of National Highways for Freight Transportation in India. The report was unveiled by Mr Brahm Dutt secretary ministry of road transport and highways. The research report Sourse: More I...

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Financial closure of Nagarjuna Construction thermal power by March

Nagarjuna Construction Company expects financial closure for its proposed 1,320 MW thermal power plant in the backward district of Srikakulam in Andhra Pradesh by March end. The project involves a capital outlay of INR 69.55 billion of which about INR 50 billion would be funded through Sourse: More I...

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RIL to hike Jamnagar unit capacity

BL reported that Reliance Industries Ltd will expand its Jamnagar petrochemical complex by adding two-million tonnes a year of olefins and matching downstream capacities. Mr Mukesh Ambani CMD of RIL at the company's 35th AGM told shareholders “Reliance has taken up new petrochemical Sourse: More I...

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Indian government clears 17 FDI proposals

The Indian government today approved 17 foreign direct investment proposals worth INR 1158.78 crore. As per report among the major proposals which were approved are the FDI applications of the world’s largest steelmaker ArcelorMittal and ductile iron pipe maker Electrosteel Sourse: More I...

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Bids invited for four laning of Hazaribagh to Ranchi section

The NHAI has invited EoIs from prospective consulting engineering firms/companies/JVs for the four laning of Hazaribagh to Ranchi section from 40.500 to 114.000 kilometer of NH 33 in Jharkhand. The project’s scope of work includes design, engineering, finance, procurement, operation Sourse: More I...

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Pencil ingot price movement in major places on Nov 16

Pencil ingot Location Change Ahmedabad 200 Bhiwari -100 Durgapur 370 Ghaziabad -100 Hyderabad 0 Jaipur -100 Jamshedpur 277 Kanpur 0 Kolkata 0 Mandi 92 Mumbai 200 Muzzafarnagar 178 Nagpur 185 Raigarh 0 Raipur 0 Rourkela 185 Rudrapur 0 Change is on November 16th as compared to November 13th 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...

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GMR Hyderabad Airport pushes back breakeven date to 2020

The economic downturn and lower than expected revenue collections have made GMR Hyderabad International Airport Ltd which operates the Hyderabad international airport stretch its projected breakeven schedule of 2014 by another six years. GHIAL a GMR group company, which built the Rajiv Sourse: More I...

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Indian Railways freight revenue up by 9pct in 7 months

The Railways have generated INR 32216.25 crore of revenue earnings from commodity wise freight traffic during April to October 2009 as compared to INR 29555.92 crore during the corresponding period last year, registering an increase of 9%. As per report Railways carried 501.28 million tonnes of commodity wise freight traffic during April to October 2009 as compared to 467.97 million tonnes carried during the corresponding period last year, registering an increase of 7.12%. The Net Tonne Kilo Meters went up from 302518 million during April to October...

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BGR Energy Systems order book up by four fold in 18 months

BGR Energy Systems Limited has announced that the order book of the company has grown four folds in a span of 18 months from INR 32 billion at the start of FY 2008-09 to INR 122 billion, by now. The jump in the order book is primarily on account of orders from four large power Sourse: More I...

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Kirloskar Oil Engines to sell stake in JV companies

Kirloskar Oil Engines Ltd has announced that the company will be selling its entire shareholding in the joint venture companies to Kirloskar Systems Ltd for a total consideration of approximately INR 250 crores and will he exiting the respective joint venture agreements. Kirloskar Oil Sourse: More I...

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Stimulus plans - Not to be withdrawn at once

The Indian government said that stimulus packages to perk up the economy during the slowdown are not likely to be withdrawn this fiscal and the exit when it happens will be a gradual one. Cabinet Secretary Mr KM Chandrasekhar on the sidelines of a CII event on competition policy told Sourse: More I...

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Suzlon US bags 10 wind turbine orders

Suzlon Energy said its US based arm Suzlon Wind Energy Corporation has received order for the supply of 10 wind turbines. Suzlon in a filing to the Bombay Stock Exchange said that a step down wholly owned subsidiary of the company has bagged an order to supply 10 Suzlon S88 2.1 MW wind turbines that would generate 21 MW of energy for the Grant County Wind Farm at Minnesota in USA. However, the company has not disclosed the financial details of the project. Construction on the site has already begun and the wind farm is expected to be in commercial...

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Sponge iron price recovers in Raipur

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh 0 Raipur 200 Change is on November 16th as compared to November 13th 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...

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Indian to launch 20000 MW solar power plan

According to minister for new and renewable energy, India will soon launch an ambitious plan to boost its solar power generation from 3 MW to 20,000 MW by 2022. Mr Farooq Abdullah told reporters that “The amount which we are going to talk about is huge. I can only say that Sourse: More I...

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MV Platinum II not allowed to beach at Alang

BL reported that the Indian government is refusing permission to berth the controversial ship MV Platinum II in Gujarat for dismantling. Mr Komal Kant Sharma the owner of Leela Ship Recycling Pvt Ltd said that they had offered to buy the decommissioned ship for USD 4.85 million and was Sourse: More I...

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Macroeconomic indicators - CMIE increases GDP growth forecast

The Centre for Monitoring Indian Economy has revised its real GDP growth forecast for the current fiscal year to 6.2% from the earlier 6%. The upward revision in the GDP projection comes on the back of a better performance of the country's economy in H1 of the current fiscal. The economic Sourse: More I...

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Bharat Forge plans foray into power sector

The Kalyani Group’s flagship company Bharat Forge is planning to make a big foray into the power sector with an investment of up to INR 50000 crore and a targeted generation capacity of up to 10,000 MW, over the next ten years. According to industry sources, the company plans to set Sourse: More I...

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CS India bags major order from Tebma and Bharati shipyards

PTI reported that Dutch steel major Central Industry Group's wholly owned subsidiary, CS India Steel has bagged orders worth INR 175 crore from Tebma and Bharati Shipyards. Mr Alfred Tuinman MD of CS India Steel told PTI that "We have bagged orders from leading Shipyards Tebma and Sourse: More I...

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Rays of recovery - Indian auto sales zoom in October 2009

A big surge in the sales of passenger cars and medium and heavy commercial vehicles raised domestic vehicle sales in October to 1,000,760 units up by 15.62% YoY than the 865,566 units sold in the same month last year. According to the Society of Indian Automobile Manufacturers, this was a continuation of the double digit sales growth posted by the industry since April this year. The only exception was the month of September, when overall sales growth slowed to 7.67%. October’s healthy sales growth for the overall automobile industry came on the...

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Kolkata Port invites bids for multipurpose jetty at Haldia Dock

The Kolkata Port Trust has invited global tenders from interested companies for the construction of a riverine multipurpose jetty in upstream of 3rd oil jetty along with all required backup facilities at Haldia Dock Complex. The project is likely to be executed on DBFOT basis for a Sourse: More I...

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Russia and US expertise on coal gas projects likely

Indian government is likely to seek expertise from Russia and the US for its ambitious project to convert coal into gas as part of developing alternate energy sources. Mr Sriprakash Jaiswal Coal Minister is planning to lead a high level delegation to both the countries in January and hold Sourse: More I...

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Update on Kasaragod power project in Kerala

The Kerala State Industrial Development Corporation is looking for a consultant to do an Environment Impact Assessment study for the proposed mega power project at Cheemeni in Kasaragod district. As per report, the state cabinet gave the go ahead for the project in February this year and Sourse: More I...

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DMRC eying 25pct revenue increase

Delhi Metro Rail Corporation is expecting its revenues from traffic operations to increase by 25% this financial year due to the increase in average daily passengers after the inauguration of various new routes, including the Yamuna Bank to Noida Sector 32 stretch which will be commissioned Sourse: More I...

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Steel minister calls for expediting steel projects

Mr Vir Bhadra Singh Indian steel minister has called for expediting implementation of steel projects as the country has set a target of producing 124 million tonnes of steel by 2011-12. Mr Singh said that “We have to expedite implementation of steel projects. Problems on raw materials and infrastructure should be resolved.” He said that altogether 33 million tonnes of new capacity would come up by 2012 in the Brownfield sector. He added that progress in this area is satisfactory and state -owned Steel Authority of India Ltd would add 13 million...

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NTPC share sale to fetch USD 1.8 billion - Mr Mitra

It is reported that a 5% stake sale of the state run power producer National Thermal Power Corporation could fetch the government USD 1.8 billion. Mr Sunil Mitra disinvestment Secretary said that the government mandated more sales of shares by state firms and changed the rules on how it can Sourse: More I...

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Scrap importers, traders and users - Final call for listing

The Indian steel scrap market is quite defragmenter and not much information is available readily. We often get requests from our readers to provide such details. To assist the players in the steel scrap supply chain, we are preparing a directory containing the contact details of users, traders, importers and overseas suppliers. We have already compiled more than 2,000 entries and plan to release this directory by next week end. If you are part of the steel scarp market, you could send us the following details for free listing in the upcoming...

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POSCO war zones - Official talks to UAC members

Statesman News Service reported that officers of the district administration interacted with the members of United Action Committee to restore peace and create a conducive atmosphere for the proposed POSCO project. The UAC members drew attention of the administration to the families who had Sourse: More I...

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60 PSUs in radar for disinvestment

It is reported that the Indian government has begun consultations with various ministries for sale of stakes in the public sector units. Mr Sunil Mitra disinvestment secretary said that 60 Central Public Sector Enterprises fulfil the criteria for disinvestment. Mr Mitra said that pf Sourse: More I...

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Paradip Port update on salvaging MV Black Rose

It is reported that Paradip Port Trust authority has taken steps to remove the salvage of sunken vessel and its cargo to check the pollution after the decision of the central government. The Assembly Standing Committee on environment led by Mr Amar Sathpathy chairman of Paradip Port visited Sourse: More I...

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Ramsarup Industries signs power purchase pact with WBSEDCL

Ramsarup Industries, a leading manufacturer of steel wires, has signed a power purchase agreement for its waste heat, CO gas based 22 MW power plant with West Bengal State Electricity Distribution Company a state government owned electric utility company. The 22 MW power plant was Sourse: More I...

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MMTC stake sale may get completed in 1 year

MMTC has said the Indian government’s plan to sell some of the company’s shares may take at least one year to complete. Mr Sanjiv Batra chairman of MMTC told reporters that “The Divestment Ministry has asked for some details. We expect the process to be completed in a Sourse: More I...

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Tribals protest against TATA Steel Chhattisgarh project

ANI reported that hundreds of tribals including women in Chhattisgarh Bastar district last week reiterated their opposition at a public hearing against a TATA steel plant project being set up in Bastar. The villager told ANI that we have to attend this meeting, where around ten villages Sourse: More I...

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Iron ore mines should be with steel ministry - Mr Singh

Business Standard November 2009 Mr Virbhadra Singh union steel minister during an interview with Ms Sreelatha Menon of Business Standard, while addressing several iron ore mining issues effecting the development of Indian steel industry asserted that after mines are exhausted, the land Sourse: More I...

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Steel majors scamper to maintain sales in South India

Of late, due to paucity of demand, depressed price levels have become integral to the Indian steel market. The factors underlining this abject condition have been a favorite topic of introspection but it would be appropriate to delve into the activities of the suppliers and buyers post debacle rather than indulge in routine post mortem. Flat product prices, a vital benchmark for the industrial demand and economic growth, have not shaken stupor for the last couple of months. As is evident prices of HRC, CRC and GP in Chennai have slumped week on...

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Special package for tracking Indian input material prices

Indian Steel prices have been through a tumultuous phase for over an year. The swinging fortune has a strong correlation with the raw material prices and vice versa. It is imperative for the steel producer, user or trader, however big or small to keep a tab on the raw material prices to have a Sourse: More I...

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Macroeconomic indicators - Inflation up in Oct due to rise in food prices

As per the new monthly index introduced led by costlier food prices, wholesale inflation rose to 1.34% in October compared with 0.50% in the previous month. The report said that fuel and power category rose by 0.1% during October mainly due to higher prices of furnace oil by 3% and bitumin Sourse: More I...

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India steel demand up by 7pct in 7 months on auto boost

According to Mr Atul Chaturvedi steel secretary of India, India’s steel demand grew by 7% in the first seven months of the fiscal year up to October, spurred by the needs of makers of cars and appliances and builders of rural homes. The minister said that demand for some products rose 9% in the same period. But the minister gave no further details. He said that increasing demand for automobiles, refrigerators and air conditioners and rising farm income are boosting steel sales in India, the world’s second fastest growing major economy. According...

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Mr Muthuraman honored with IIM JRD Tata award

Mr Virbhadra Singh union minister of steel away the IIM JRD Tata award for “Excellence in corporate leadership in metallurgical industries” to Mr B Muthuraman vice chairman of TATA Steel, at a at the MMME 2009 function in Kolkata on Sourse: More I...

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Special package for tracking Indian flat product prices

The happenings in the global steel industry has left no quarter unscathed. A steel producer, user or trader, however big or small, is always concerned about steel prices as it is a big ticket item, but there is no bench mark available to steel buyers to compare their transaction prices. Sourse: More I...

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IBM eying opportunities in Indian steel segment

Global technology company IBM is focusing on the Indian steel market as a growth driver and is offering solutions and services to steel majors like Ispat, Bokaro, Jindal companies and TATA Steel in the country. With a lot of activity happening in the infrastructure sector and integrated Sourse: More I...

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