Wide steel plate price up in Chennai and Mumbai

PLTS
GR B
12-20x2.5


Location Change

Ahmedabad 453

Bangalore 0

Chennai 907

Delhi 0

Indore 0

Kanpur 0

Kolkata 0

Mumbai 453

Raipur 0

Rudrapur 0


Change is on 27th January as compared to 25th January 2011
Change is in INR per tonne

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Kumba to fight South Africa mine right rejection

Kumba Iron Ore said that it will fight South Africa's decision to reject its bid for a disputed mining right, calling the decision legally incorrect and fundamentally flawed.

The dispute concerns Kumba's bid for a mining right over a 21.4 percent stake in its Sishen mine. The iron ore

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GP steel HDG price update on Jan 27

GP
100Gms
0.40


Location Change

Mumbai 0

Chennai 363

Kolkata 0

Delhi 0

Ludhiana 91

Kanpur 0

Rudrapur 0

Bangalore 0



Change is on 27th January as compared to 25th January 2011
Change is in INR per tonne

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Chinese domestic narrow HR strip prices remain flat

HR Strip
183*2.75


Location In CNY In USD

Shanghai 0 0

Hangzhou 0 0

Guangzhou 0 0

Wuhan 0 0

Tianjin 0 0

Chengdu 0 0

Wuxi 0 0

Lecong 0 0

Tangshan 0 0

Average 0 0


Change is on 27th January as compared to 26th January 2011
Change is per tonne
USD:CNY = 6.58

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ICVL decides not counter bid for Riversdale Mining

Reuters reported that Indian state owned consortium International Coal Videsh Limited has decided not to counter Rio Tinto's AUD 3.9 billion bid for Australian miner Riversdale Mining.

ICVL, which had earlier said it would consider a bid and had hired Citigroup to do due diligence on the

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Capstone produces 18 million lbs of copper in Q4

Capstone Mining said that it produced 18.9 million pounds of copper concentrate in the fourth quarter as output from one of its mines fell behind.

The company's Cozamin mine, located in Zacatecas State, Mexico, produced 8.2 million pounds of copper concentrate during the period. The


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China aluminium output rises in Dec against Nov -IAI

Reuters quoted provisional figures from the International Aluminium Institute showed that China primary aluminium production rose to 1.246 million tonnes in December from 1.197 million tonnes in November but was down from 1.331 tonnes in December 2009.

Production in 2010 reached 16.131

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Universal Stainless announces Q4 and FY 2010 results

Universal Stainless & Alloy Products Inc has announced that sales for the fourth quarter of 2010 were USD 51.6 million as compared with USD 26.7 million in the fourth quarter of 2009 and USD 51.9 million in the 2010 third quarter.

Net income for the fourth quarter of 2010 was USD 3.6

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MMK announce operational trading update for Q4 and 2010

MMK announce operational trading update for Q4 and January to December 2010



Production Q4‘10 Q3‘10 Change J-D’10 J–D’09 Change

Crude steel 2,765 2,938 -6% 11,419 9,618 19%

MMK steel products 2,508 2,661 -6% 10,245 8,764 17%

MMK-Metiz steel products 120 126 -5% 450 309 46%

MMK-Atakas steel products 45 54 -17% 156 33 373%

Belon coal concentrate, incl 1,391 1,054 32% 5,451 4,479 22%

Coking coal concentrate 842 525 60% 2,960 2,460 20%

Steam coal concentrate 549 529 4% 2,491 2,019 23%

Iron ore 1,218 1,178 3% 4,680 3,982 18%


In ‘000 tonnes

1. Crude steel output in 2010 amounted to 11,419,000 tonnes which is up by 19%YoY.
2. MMK finished steel products output in 2010 amounted to 10,245,000 tonnes and increased by 17%YoY.
3. MMK-Metiz finished steel products output in 2010 amounted to 450,000 tonnes and increased by 46%YoY.
4. The share of higher value-added products in MMK Group finished steel output in 2010 grew to 38% in Q4 2010 it reached the maximum historical level of 42%.
5. Coking coal concentrate output rose by 20%YoY in 2010 to 2,960,000 tonnes
6. Production of iron ore for own needs in 2010 amounted to 4,680,000 tonnes which is 18%YoY higher

Mr Oleg Fedonin VP for finance and economy said “??? has retained the leading position in Russia in terms of rolled steel output. We estimate our share in the domestic rolled steel production in 2010 at 17%. The overall growth of MMK finished steel output in 2010 amounted to 17% compared to 2009, while domestic sales growth amounted to 44% exceeding the consumption growth rate in Russia. This was to a large extent possible due to our focus on new highly marginal product types to meet the demand of the domestic market, including import replacement.”

He added “We are optimistic about the growth of steel consumption in Russia in 2011 and plan to increase our production volumes in Russia to 12 million tonnes this year.”

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Norfolk Southern Corp increases dividend

Norfolk Southern Corporation has announced that its board of directors voted to increase the regular quarterly dividend on the company's common stock by 11% or 4 cents per share from 36 to 40 cents per share.

The increased dividend is payable on March 10th 2011 to stockholders of record on

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No layoffs at Nucor despite bad economy - Report

In its worst year ever, it would be easy to assume that Nucor Corporation would lay off employees. Not so. The steelmaker, with 20,000 employees worldwide, has never laid off anyone for lack of work even in 2009 when it lost USD 294 million.

Nucor has a plant in Oak Creek that makes steel

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The People Versus US Steel campaign in Canada

Hamilton Spectator reported workers from across Ontario are to jam Hamilton's core to denounce both US Steel and the foreign investment policies of the Harper government.

The campaign, dubbed The People Versus US Steel, condemns the company for locking out 900 Hamilton workers to back

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Russia mulls new antitrust fines for oil firms

Reuters citing Mr Igor Artemyev watchdog head as saying that that, Russia anti-monopoly agency FAS may slap domestic oil companies with heavy new fines on the back of suspicious diesel fuel price rises.

FAS has already fined Russia largest oil company Rosneft as well as other domestic

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Chinese domestic steel billet price update on Jan 27

Billets
150*150
Q235


Location In CNY In USD

Fujian 20 3

Liaoyang 0 0

Linfen 0 0

Linzhou 0 0

Shandong 0 0

Tangshan -40 -6

Tianjin 0 0

Zibo 41 6

Average 3 0


Change is on 27th January as compared to 26th January 2011
Change is per tonne
USD:CNY = 6.58

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.

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Chinese domestic CR steel price update on Jan 27

CR
1mm


Location In CNY In USD

Shanghai 0 0

Hangzhou 0 0

Nanjing 0 0

Jinan 42 6

Hefei 0 0

Fuzhou 0 0

Nanchang 0 0

Guangzhou 0 0

Changsha 0 0

Wuhan 0 0

Zhengzhou 0 0

Beijing 0 0

Tianjin 0 0

Shijiazhuang 0 0

Taiyuan 0 0

Shenyang 0 0

Harbin 0 0

Chongqing 0 0

Chengdu 0 0

Kunming 0 0

Xian 0 0

Lanzhou 0 0

Urumchi 0 0

Qingdao 20 3

Average 3 0


Change is on 27th January as compared to 26th January 2011
Change is per tonne
USD:CNY = 6.58

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.

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BaoSteel to supply rails for Beijing metro rail

It is reported that BaoSteel and China Railway Materials Corporation have signed rail supply order contract with the initial delivery of 9,000 tonnes.

The metro rail will be in Beijing on the 8th and 10 line laying. Clad steel rail for the first time into the Beijing subway, subway for the

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Baosteel2050 mm HSM completes scheduled maintenance

It is reported that Baosteel Technology Service Co Ltd No 4 Branch successfully completed scheduled maintenance of Baosteel HR 2050 mm production line which is first time for 2050 mm maintenance in 2010.


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South Korean exports to Egypt virtually unaffected by protests

Yonhap reported that South Korean exports to Egypt have been virtually unaffected by anti government protests there, with Egyptian importers saying their sales have yet to feel any impact from the protests that began earlier this week.

According to the state run Korea Trade Investment

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Munjal Auto Commences Operation of FUEL TANK

Munjal Auto Industries Ltd has announced that the company has commenced commercial operation from January 24th 2011 of Fuel Tank for four Wheelers at its unit located at 187, GIDC Industries Estate, Waghodia 391760, Vadodara in Gujarat state.

The capacity of fuel tank is 150,000 units per

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Kerala to appoint consultant for rail corridor feasibility study

The Kerala Government is planning to appoint a consultant to undertake a detailed feasibility study for the proposed North-South high speed rail corridor in the State.

According to Mr Elamaram Kareem minister for industries and commerce, the study for the project linking Thiruvananthapuram

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Rio Tinto sponsors 2011 Australian Season at British Museum

Rio Tinto has chosen Australia Day, January 26 to announce it is to sponsor the upcoming Australian Season at the British Museum, a program dedicated to Indigenous Australian art and biodiversity. The season will run from April to October 2011 and feature a variety of exhibitions and

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China may impost 5pct coal resource tax

According to the latest statistics of Michael Cooper at Qin Huangdao port, China largest coal terminal, power coal with caloric value of 6,000 kilocalories per kilogram has recently stood at CNY 835 per tonne to CNY 845 per ton and that with caloric value of 5,500 Kilocalories per kilogram at

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China province wise steel product output in 2010

It is reported that China province wise steel product output during January to December total 796.27 million tonnes which Hebei topping the table



Province Dec'10 Dec'09 Change 2010 2009 Change

total 67.84 65.53 3.5 796.27 694.32 14.7

Hebei 10.75 15.31 -29.8 167.57 154.52 8.4

Jiangsu 8.32 6.77 22.9 91.23 77.09 18.3

Shandong 6.46 4.46 44.9 66.72 59.44 12.2

Liaoning 4.88 4.59 6.3 56.62 49.73 13.9

Tianjin 3.86 4.28 -9.8 44.84 39.77 12.7

Henan 2.65 2.66 -0.3 31.96 28.18 13.4

Guangdong 2.91 2.61 11.4 29.19 23.67 23.3

Hubei 2.92 2.03 43.8 28.95 21.66 33.7

Shanxi 2.55 2.25 13.1 28.62 22.90 25.0

Zhejiang 2.53 2.55 -0.9 28.33 23.64 19.8

Shanghai 2.09 1.99 5.1 24.76 22.39 10.6

Anhui 2.25 2.09 7.8 24.46 21.50 13.8

Sichuan 1.74 1.49 16.7 19.77 18.34 7.8

Jiangxi 1.57 1.72 -8.5 19.52 16.48 18.4

Hunan 1.82 1.32 38.0 18.12 15.00 20.8

Guangxi 1.43 1.44 -1.3 15.54 12.05 29.0

Inner Mongolia 1.36 0.98 38.7 13.41 13.09 2.5

Fujian 1.27 1.11 13.9 13.41 11.40 17.6

Yunnan 1.20 0.98 21.7 12.13 9.94 22.0

Sha'anxi 1.20 0.85 41.4 9.95 9.03 10.2

Xinjiang 0.79 0.62 26.8 8.89 6.88 29.2

Jilin 0.58 0.64 -9.0 8.76 8.44 3.8

Beijing 0.48 0.71 -32.9 7.94 7.69 3.2

Chongqing 0.69 0.46 49.2 7.18 4.84 48.5

Gansu 0.59 0.58 1.2 6.99 6.45 8.5

Heilongjiang 0.50 0.53 -6.4 5.66 5.07 11.6

Guizhou 0.34 0.35 -2.8 3.91 3.42 14.4

Qinghai 0.11 0.10 6.8 1.38 1.25 10.2

Ningxia 0.02 0.04 -50.0 0.33 0.38 -13.2

Hainan 0.02 0.01 50.0 0.15 0.11 38.1


In million tonne

(Sourced from MySteel.net)
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Gladstone coal exports up to nearly 50 pct capacity this week

Australia's Gladstone Ports Corporation said it will export 500,000 tonnes of coal this week, nearly half of its usual capacity, after weeks of operating well below capacity due to flooding in Queensland.

Mr Leo Zussino CEO of Gladstone Ports said that "By the end of next week we expect

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Coking coal spot prices jump by 14pct last week - Report

Bloomberg reported that Australian coking coal jumped 14% last week as buyers continued to assess the effect on supplies of flooding in the state of Queensland. Queensland, producer of about half of global seaborne supply of coking coal for steelmaking, suffered its worst floods in 50 years

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KZOCM launched new complex

It is reported that Kirovsk non ferrous metals processing plant has launched of a new complex for manufacture of copper semi products. It may make sheets and strips from copper and its alloys.

Capacity of the new complex is 11,000 tonne in a year.

The structure of the new complex

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Zhongwang Holdings to exit architectural aluminum business

It is reported that China Zhongwang Holdings Limited one of the biggest aluminum and vinyl profile production enterprises in China will post a 25%YoY decline in its 2010 net profit. The fall is attributed to anti-dumping measures taken by the US.

According to an unnamed executive, Zhongwang

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Vale halts ore milling at Voisey Bay nickel complex after leak

Bloomberg reported that Vale SA said a tailings leak at its Voisey’s Bay nickel complex in Canada has forced the shutdown of its ore milling operation.

The mill has been idled since January 22nd 2011 when the leak was discovered. The leak, which contaminated the complex’s

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Venezuelan oil exports to US fall in January 2011

El Universal reported that total crude oil and products exports from the state run oil company Petróleos de Venezuela to the United States have shown a downward trend since mid year 2010, in an erratic course characterized by dramatic ups and downs that have led to a 20% decrease in

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Tokyo Steel hikes scrap purchase prices by JPY 500 a tonne

TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by a uniform JPY 500 per tonne for all grades of arrivals at its four works except the Utsunomiya works, effective with January 21st 2011 purchases.

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North American crude steel output details for 2010

worldsteel has announced North American crude steel production figure for December 2010. Crude steel output was 9,515,000 tonnes in December 2010, up by 16.2% YoY as compared to December 2009.

North American crude steel production for the first 12 months of 2010 was 111,798,000 tonnes, up


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Russia resumes oil deliveries to Belarus

RIA Novosti reported that Russia resumed on Tuesday oil deliveries to Belarus halted pending a new price agreement in late December

Reports earlier in the day said Russian and Belarusian companies had finally agreed on the oil price. Russia's second largest oil producer LUKoil, the core

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Macroeconomic indicators - Guangdong GDP up by 12pct YoY in 2010

China Knowledge quoted according to the latest statistics released by the Guangdong Statistics Bureau that the gross domestic product in Guangdong Province in South China grew 12.2%YoY to CNY 4.5 trillion in 2010.

The growth rate was 3.2 percentage points higher than the province's target


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Macroeconomic indicators - 2010 GDP growth steady at 10pct YoY

China Knowledge quoted according to the latest statistics released by Beijing Statistics Bureau Beijing, the capital of China, saw its gross domestic product rise 10.2%YoY to CNY 1.38 trillion in 2010.

CNY 12.43 billion of the GDP was generated by the primary sector, 1.6% less than in 2009

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China province wise crude steel output in 2010

It is reported that China province wise crude steel output during January to December 2010 total 626.65 million tonnes which Hebei topping the table.



Province Dec'10 Dec'09 Change 2010 2009 Change

total 51.52 48.49 6.3 626.65 573.57 9.3

Hebei 9.26 9.35 -0.9 144.59 138.33 4.5

Jiangsu 6.26 4.72 32.8 62.43 55.11 13.3

Shandong 5.15 3.89 32.4 52.56 49.99 5.1

Liaoning 4.41 4.44 -0.8 52.02 48.82 6.6

Shanxi 2.56 2.61 -1.9 30.49 26.46 15.2

Hubei 2.29 1.93 18.6 24.99 19.95 25.3

Henan 1.77 2.22 -20.2 23.27 23.32 -0.2

Shanghai 1.86 1.78 4.6 22.14 20.20 9.6

Tianjin 1.63 1.79 -9.3 21.62 19.41 11.4

Anhui 1.54 1.56 -1.4 18.54 17.60 5.3

Jiangxi 1.10 1.72 -36.0 18.34 16.21 13.1

Hunan 1.58 1.23 28.4 17.67 14.36 23.0

Sichuan 1.39 1.15 20.9 15.81 15.06 5.0

Yunnan 1.15 0.95 20.0 12.94 10.49 23.3

Guangdong 1.01 1.31 -22.8 12.39 11.18 10.9

Inner Mongolia 1.07 1.05 2.3 12.33 12.45 -1.0

Zhejiang 0.99 1.05 -5.3 12.29 10.63 15.6

Guangxi 1.07 0.93 15.9 12.01 10.04 19.6

Fujian 0.90 0.86 4.8 10.87 9.48 14.6

Jilin 0.53 0.64 -17.3 8.27 7.93 4.3

Xinjiang 0.71 0.56 25.8 8.08 6.28 28.7

Gansu 0.60 0.56 7.4 6.62 6.26 5.7

Heilongjiang 0.63 0.59 7.3 6.53 5.63 15.9

Sha'anxi 0.89 0.46 94.5 6.05 5.28 14.5

Chongqing 0.55 0.32 72.0 4.56 3.50 30.2

Beijing 0.21 0.41 -48.6 4.28 4.65 -8.1

Guizhou 0.31 0.32 -3.1 3.61 3.43 5.1

Qinghai 0.11 0.11 -3.7 1.37 1.27 8.4


In million tonnes

(Sourced from MySteel.net)
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Macroeconomic indicators - Oman inflation to stabilize above 3pct in 2011

According to Kuwait based think tank Global Investment House, citing International Monetary Fund statistics, inflation in the Sultanate is projected to stabilize at 3.3% during 2011. Inflation has been a major concern for Oman before the credit crisis. Inflation reached as high as 12.4% in

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Chennai Petroleum December quarter profit down by 29pct

Chennai Petroleum Corporation announced a steep drop in standalone net profit for the quarter ended December 2010. During the quarter the profit of the company declined 29.69% to INR 1,549.40 million from INR 2,203.60 million in the same quarter previous year.

The company’s net sales

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India and Korea trade target of USD 30 billion by 2014

Mr Anand Sharma union minister of commerce & industry speaking at the India Korea Business forum along with Mr Kim Jong Hoon minister for trade Republic of Korea said that the signing of CEPA with Republic of Korea in August 2009 underscored our strong commitment to deepening trade and


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Fitch sees negative outlook for shipping sector in 2011

Credit rating agency, Fitch ratings has stated, in a just published report, that the 2011 outlook for the Indian shipping industry is negative.

This is based on the agency’s expectations that freight rates will continue to remain depressed due to the demand supply imbalance caused by

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Steel plate cuttings prices surges at Alang

Product Grade Size Change

Plate cuttings Rolling 1" 400

Ship Scrap Melting Mixed 400


Change is on 20th January as compared to 19th January 2011
Change is in INR per tonne

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Protesters halt BALCO bauxite shipment

IANS reported that hundreds of youths led by a Congress legislator halted shipment of bauxite Saturday to aluminium major Bharat Aluminium Company Ltd in Chhattisgarh's Surguja district, demanding jobs for local residents.

BALCO gets bauxite from Mainpat in Surguja.

Hundreds of

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Mr Craig announces retirement from Continental Nickel board

Continental Nickel Limited announced that Mr Craig S MacDougall has advised the board of directors that he will resign as the president, CEO and a director.

The board of directors wishes to thank Mr Craig, who was instrumental in the founding of Continental Nickel in 2006, completing the

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French nuclear power capacity to fall further - RTE

According to forecasts from French grid operator RTE, available nuclear power capacity in France is expected to fall in the medium term from its current high level as more plants go off line for maintenance.

It said that capacity will remain at a high 95% of installed plant capacity in

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GC steel HDG price update on Jan 20

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 20th January as compared to 19th January 2011
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.

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Chinese domestic steel rebar prices update on Jan 20

Rebar
20mm
HRB 400


Location In CNY In USD

Beijing 11 2

Changsha 23 3

Chengdu 0 0

Chongqing 0 0

Fuzhou 0 0

Guangzhou 0 0

Guiyang 0 0

Hangzhou 0 0

Harbin 13 2

Hefei 0 0

Jinan 0 0

Kunming 0 0

Lanzhou 0 0

Nanchang 0 0

Nanjing 0 0

Shanghai 0 0

Shenyang 42 6

Shijiazhuang 20 3

Taiyuan 0 0

Tianjin 0 0

Wuhan 0 0

Xian 22 3

Zhengzhou 18 3

Average 6 1



Change is on 20th January as compared to 19th January 2011
Change is per tonne
USD:CNY = 6.59

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.

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China major steel product price index Jan 10 to 14 2011

Size Previous week This week Change

Common Common wire rod 6.5 136.12 136.41 0.29

Rebar 12-25 134.06 134.41 0.35

Medium plate 6 129.03 129.93 0.9

HR sheet 1 133.43 134.88 1.45

HR coil 2.75 123.89 125.95 2.06

CR sheet 0.5 117.74 118.76 1.02

Galvanized steel sheet 0.5 113.27 113.78 0.51

Seamless steel tube 159*6 115.58 116.56 0.98



17% VAT Included

China Iron & Steel Association launched Major Steel Product Price Index in April 2001. The index is compiled from prevailing transaction prices for eight steel products in 23 major cities. April 1994 is designated as the benchmark point with fixed index value of 100.

(Sourced from MySteel.net)
Visit www.Mysteel.net for real time access to China steel news!

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CSC update on production and sales for December 2010

China Steel Corporation has announced reference table of production and sales for December 2010.

Item Dec '10 Q4 '10 YTD '10
Production Volume 801,373 2,391,128 9,720,686
Sales Volume 790,484 2,468,546 9,905,431
Revenue 19,644 61,720 239,187
Sales

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BP forming a joint operating company with Rosneft

Argus reported that British Petroleum is shouldering a host of short and medium term risks in a share swap and arctic exploration deal with Russian state controlled oil company Rosneft. But the major is banking on lucrative long term rewards as first mover in a liquids-rich frontier

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Severstallat Silesia uses CE marking on water and gas pipes

It is reported that Severstallat Silesia, the welded pipe producing and steel distributing subsidiary of Russian steel producer Severstal, has became the first Polish producer to receive certification for the use of the CE mark on its water and gas pipes.

Accordingly, since late 2010

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NDRC green lights Jinsha River hydro project

Interfax-China reported that the National Development and Reform Commission approved construction plans for the Ahai Hydropower Plant on the Jinsha River in Yunnan Province.

According to the China Electricity Council, the project will feature five 400 megawatt turbines and will be

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Baotou Steel expects to return to profit

It is reported that Inner Mongolia Baotou Steel Union expects to return to profit in 2010 with net profit attributable to shareholders of CNY 150 million to CNY 250 million and earnings per share of CNY 0.02 to CNY 0.04.

The company recorded a loss of CNY 1.63 billion in 2009.

According

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No timeframe for PSM resolution issues - Mr Bijarani

The News quoted Mr Mir Hazar Khan Bijarani minister for industries and production as saying that no timeframe could be given for the resolution of issues of Pakistan Steel Mills administration and those relating raw material.

Mr Bijarani said that worse situation at PSM could lead to

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Automobile Corporation of Goa profit zooms by 2 times

Automobile Corporation of Goa disclosed a phenomenal rise in standalone net profit for the quarter ended December 2010.

During the quarter, the profit of the company rose 2.31 times to INR 105.93 million from INR 45.80 million in the same quarter last year.

The company’s net sales

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Chinese domestic pig iron prices update on Jan 20

Pig Iron
L08-L10


Location In CNY In USD

Anshan 56 9

Changzhou 0 0

Guiyang 0 0

Harbin 0 0

Kunming 0 0

Linyi 14 2

Taiyuan 0 0

Weihai 0 0

Wuan 0 0

Yicheng 30 5

Average 10 2



Change is on 20th January as compared to 19th January 2011
Change is per tonne
USD:CNY = 6.59

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.

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ONGC to repair pipeline in 4 to 5 days

State owned Oil and Natural Gas Corporation said that it will repair in 4 to 5 days a pipeline that caused an oil spill some 80 kilometer off the Mumbai coast.

The company in a statement said that "The line is expected to be repaired and normal flow restored in 4 to 5 days two days after

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Toshiba JSW JV to start production of turbine generators in July

The INR 800 crore 3,000 MW steam turbine and generator project of Toshiba JSW Turbine and Generator Pvt. Ltd coming up here is expected to start production in July this year.

Mr Itaru Ishibashi MD of Toshiba said that "The turbine and generator project is on track and production is

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Sponge iron price update on Jan 19

Sponge iron


Location Change

Bellary 100

Kolkata 700

Raigarh 0

Raipur 100

Rourkela 0


Change is on 19th January as compared to 18th January 2011
Change is in INR per tonne

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Queensland grants temporary permission to 20 coal mines

Reuters reported that Queensland has granted temporary permission to 20 coal mines to pump out excess floodwater and is considering applications from another 16 mines.

Department of Environmental and Resource Management said that the temporary permits for discharging floodwaters will ensure

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Rio quarterly iron ore output rises to record

Rio Tinto Group the third largest mining company said that fourth quarter iron ore output rose to a record, boosted by expansions in Australia as prices gained.

According to a statement from London based Rio, production climbed to 50.1 million tonnes in the three months from 47.2 million

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Chinese domestic steel billet price update on Jan 19

Billets
150*150
Q235


Location In CNY In USD

Fujian 0 0

Liaoyang 0 0

Linfen 0 0

Linzhou 0 0

Shandong 0 0

Tangshan 46 7

Tianjin 35 5

Zibo 0 0

Average 10 2


Change is on 19th January as compared to 18th January 2011
Change is per tonne
USD:CNY = 6.58

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Chinese domestic steel plate price update on Jan 19

Plates
20mm
Common


Location In CNY In USD

Beijing 57 9

Changsha 39 6

Chengdu 0 0

Chongqing 0 0

Fuzhou 42 6

Guangzhou 5 1

Hangzhou 0 0

Harbin 31 5

Hefei 0 0

Jinan 0 0

Kunming 27 4

Lanzhou 0 0

Nanchang 0 0

Nanjing 0 0

Shanghai 30 5

Shenyang 29 4

Shijiazhuang 0 0

Taiyuan 22 3

Tianjin 50 8

Wuhan 0 0

Xian 100 15

Zhengzhou 42 6

Average 22 3


Change is on 19th January as compared to 18th January 2011
Change is per tonne
USD:CNY = 6.58

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Coking coal prices to rise as supplies likely to remain tight - Analysts

Coking coal supplies are likely to remain tight for another three months and prices may rise by a third from about USD 300 a tonne now after floods in Australia's Queensland state hit output of the key steelmaking raw material.

Marian Hookham managing editor of Energy Publishing's

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Trevali Resources to acquire Kria in deal to create new mid tier zinc producer

Further to the mining industry's shift towards consolidation, Peru focused Trevali Resources announced that it has agreed to acquire base metal explorer Kria Resources in an all share deal that values the company's equity at CAD 44 million.

The transaction will see Kria whose primary


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South Korea seeks to buy 3000 tonnes of Copper and 200 tonnes of tin

It is reported that South Korea Public Procurement Service a state run body that manages strategic commodities issued tenders to buy 3,000 tonnes of Grade A copper cathodes.

According to notices issued this week the agency will hold bidding on January 21 for 1,000 tonnes of the metal due

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Kemetco Research bags contract to develop Artillery Peak Manganese deposit

American Manganese Inc announced that Kemetco Research Inc of Richmond has been awarded the contract to continue development of the company's innovative energy and water efficient hydro metallurgical process for treating low grade manganese resources from its Artillery Peak Manganese deposit

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Royal Dutch Shell Plc eyeing USD 1 billion expansion plan

Bloomberg reported that the local unit of Royal Dutch Shell Plc plans to invest as much as USD 1 billion to expand the Malampaya natural gas project in Palawan and extend its life.

Mr Simon Henry CFO of Royal Dutch Shell Plc said that the plan is to invest USD 75 million in Malampaya in

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Steel sector outlook is stable - Standard Poors analyst

Reuters quoted Mr Andrey Nikolaev analyst at ratings agency Standard & Poors as saying that the outlook for the steel sector is stable, and the worst should be behind for the industry.

He added that "The recovery is still relatively slow and not expected to accelerate."

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White Martins inks oxygen supply deal with ArcelorMittal

White Martins, the Brazil based subsidiary of Praxair Inc, has signed an agreement with ArcelorMittal to supply oxygen to ArcelorMittal's steel production facility located in João Monlevade, in southeast Brazil.

White Martins will build a new air separation unit with a capacity of 780

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Flat Product market remains airborne in Europe

HRP in Italy and Spain are sold in domestic markets at prices ranging EUR 630 per tonne to EUR 650 per tonne EXW for base. HRP in Germany are sold at prices higher than EUR 700 per tonne RXW for base.

Imports from abroad are booked at levels around EUR 600 per tonne to EUR 615 per tonne


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Ashinskiy new EAF to reach 90pct capacity utilization level by end 2011

Ural-Press has reported that by the end of 2011 the Russian steel producer Ashinskiy Metallurgical Works plans to reach a 90% capacity utilization level with its new 120-ton electric arc furnace as a result of which its steel smelting volume will increase by 25.4%YoY.

Accordingly, by the

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Chinese domestic steel channel price update on Jan 19

Channel
#16


Location In CNY In USD

Shanghai 0 0

Hangzhou 0 0

Nanjing 11 2

Jinan 0 0

Hefei 20 3

Fuzhou 0 0

Nanchang 0 0

Guangzhou 0 0

Changsha 0 0

Wuhan 0 0

Zhengzhou 0 0

Beijing 0 0

Tianjin 30 5

Shijiazhuang 13 2

Taiyuan 63 10

Shenyang 14 2

Harbin 0 0

Chongqing 0 0

Chengdu 0 0

Kunming 0 0

Xian 0 0

Lanzhou 0 0

Urumchi 0 0

Average 7 1


Change is on 19th January as compared to 18th January 2011
Change is per tonne
USD:CNY = 6.58

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BlueScope settles in Xian High tech Zone

Xian Daily reported that world steel giant as well as Australian largest steelmaker BlueScope Steel Group signed agreement with Xi’an High tech Industrial Development zone about its projects settling in issue.

BlueScope Steel invested CNY 60 million in building a joint production base


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Public Accounts Committee calls for removal of acting CEO of PSM

Daily Times reported that Public Accounts Committee of Pakistan has called for the removal of the acting Pakistan Steel Mills chairman.

During a meeting of the committee held to review the audit report of 2008-09 pertaining to the accounts of the finance ministry, it was revealed that Mr

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NHAI and UKTI inks agreement for road and highway sectors

The National Highways Authority of India and the United Kingdom Trade and Investment have signed an agreement on Cooperation for Trade and Investment in the Roads and Highways Sector in India. The agreement was signed in the presence of Mr Kamal Nath minister for Road Transport & Highways and


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Ashok Leyland bags INR 172 crore order

Hinduja flagship firm, Ashok Leyland said it has bagged fresh orders from VRL Logistics for 262 vehicles. The fresh order includes 200 numbers of car carriers on the U-3518, 12 units of U-4923 truck and 50 units of company's 12 meter buses in addition to the 600 vehicles ordered a month ago

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Concor Corporation registers significant growth in business

Container Corporation of India Limited a mini ratna public sector undertaking under ministry of railways, has come out with its quarter ended December 31st 2010 financial results indicating a total turnaround of business which had gone through turbulent times during the past one and half

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Indian steel makers in race for Afghan mines

PTI reported that leading private and state run steel firms including TATAs, Essar and SAIL are among the 14 Indian companies that have evinced interest in developing the Hajigak mines, containing an estimated 1.8 billion tonnes of iron ore, in Afghanistan.

The war torn country had invited


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Sponge iron price dips at Raipur

Sponge iron


Location Change

Bellary 600

Kolkata 0

Raigarh 300

Raipur -400

Rourkela 0



Change is on 13th January as compared to 12th January 2011
Change is in INR per tonne

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Wide steel plate prices jump in Ahmedabad

PLTS
GR B
12-20x2.5


Location Change

Ahmedabad 907

Bangalore 0

Chennai 0

Delhi 0

Indore 0

Kanpur 0

Kolkata 0

Mumbai 0

Raipur 0

Rudrapur 0



Change is on 13th January as compared to 12th January 2011
Change is in INR per tonne

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Leica Geosystems has launched its GPS Augmentation Network

Mining fleet management specialist Leica Geosystems has launched its GPS Augmentation Network, incorporating exclusive technology developed by Locata Corporation. The innovative terrestrial network ensures 24/7 positioning coverage even with adverse GPS situations. Open pits can present


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Vale approves USD 1 billion dividend payment

Vale SA announced that its board of directors have approved the payment of the extraordinary dividend to shareholders amounting to USD 1 billion (BRR 1,670,100,000.00), equivalent to USD 0.191634056 (BRR 0.320048038) per outstanding common or preferred share (5,218,279,144).

Vale's


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Maamba Collieries to resume operations

Maamba Collieries in Sinazongwe district in Southern Province is expecting machinery to start arriving in the country in the first week of March to resume mine operations.

Mr Kalunga Mumba CEO disclosed this when Vice President George Kunda toured the mining area saying the thermal power

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Steel light channel price update on Jan 13

CHNL
GR A
75/100


Location Change

Bangalore 0

Chennai 0

Delhi 0

Indore 200

Kanpur 0

Kolkata 0

Mandi 0

Mumbai -115

Raipur 0

Rudrapur 0



Change is on 13th January as compared to 12th January 2011
Change is in INR per tonne

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Cogitore continues to intersect high grade copper and zinc mineralization

COGITORE Resources Inc report a new high grade intersection in the new CFO Lens at its 100% owned Scott Lake project in Quebec. The intersection was obtained from a wedge cut from hole SC-93-106W and is the third high grade intercept on the CFO Lens. More details are shown

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Over 80pct of mining companies have adopted new royalty system in Chile

According to Mr Laurence Golborne mining minister, more than 80% of mining companies operating in Chile have already agreed to adopt the new royalty regime signed into law last October.

In a public presentation held Wednesday to report the ministry achievements since the government took

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NALCO signs MoU with IREL for titanium Project

National Aluminium Company Limited has entered into MoU with Indian Rare Earths Limited, a PSU under Department of Atomic Energy, for making value added products from beach sand minerals.

The final product would subsequently be used for making titanium and allied products. The MoU was

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Pig iron prices remain flat on Jan 13

Pig iron
Foundry Grade


Location Change

Agra 0

Jallandhar 0

Kolkata 0

Raipur 0



Change is on 13th January as compared to 12th January 2011
Change is in INR per tonne

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US DOC raises AD duties for stainless coils from ThyssenKrupp Mexinox

On January 13th 2011, the US Department of Commerce announced the final results of the administrative review of its antidumping duty order for stainless steel sheet and strip in coils from Mexico, making changes from the preliminary results on published on August 9th 2010.

As a result of

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PT Astra Honda Motor motorcycles sales up by 26pct YoY in 2010

The Jakarta Post reported that motorcycle producer PT Astra Honda Motor has sold over 3.4 million motorcycles in Indonesia in 2010, a 26.5% increase from 2009.

Mr Auddie Alexander Winata director for marketing at Astra said that in 2010, the company recorded sales of 3,416,019 motorcycles,


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BlueScope may post a half year loss over higher coal prices

Market analysts at Deutsche Bank are predicting that BlueScope will post a half year loss as higher coal prices caused by the Queensland floods and the strong Australian dollar.

With steel prices rising, the analysts forecast BlueScope will bounce back in the second half of the year,

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2 million page hits on Steel Guru in first fortnight of January

Despite festive mood and vacations in, www.steelguru.com has registered 2,004,858 page hits during January 1st to January 15th 2011, which translated to more than 1 million page hits per week and 4 million page hits per month, consecutively for the 7th month since July 2010.

With this,

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Russia Yeysk Sea Port posts a 4pct of cargo in 2010

According to the stevedoring company statistical data cargo throughput of JSC Yeysk Sea Port in 2010 amounted to 1,526,200 tonnes up by 4.3% than a year earlier.

In 2010, the stevedore handled 980,529 tonnes of coal up by 66%YoY nearly 305,000 tons of wheat up by 16.5%. The annual volume of

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Monday Market Monitor - CIS - WEEK 2 - Billets and longs gain further

Although as per some media reports, prices of billets have started correcting, as per our reports they continue on upward trend this week.

Steel billet price at Black Sea are climbing up quite fast. As per reports, offers are up to USD 680 per tonne FOB whereas actual deals have been heard

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Shanghai most active rebar futures hit contract high

Reuters reported that the most active May rebar futures in Shanghai jumped more than 1% to a contract high on Friday, driven by expectations of further rises in raw material costs.

As per report, the May contract rose 1.2% to as high as CNY 4,918 per tonne in afternoon trading. By 0630 GMT

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Alstom hands over trainset to be renovated for Cairo Metro

Railway Gazette reported that the first nine car trainset to be renovated for Cairo Metro by Alstom was handed over during a ceremony hosted by transport minister Mr Alaa Fahmy.

Alstom and its local partner Cairo Metro Organization was awarded a EUR 19 million contract in 2007 to upgrade


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Monday Market Monitor - Middle East - WEEK 2 - Buyers in cautions mode

Contrary to other parts of the world, steel players in MEA are adopting a cautious approach to the market engulfed by severe volatility. Every one is haunted by the painful memories of past.

Although the import offers for both flat and long products are surging every day, the domestic

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NTPC 750 MW Assam project may miss deadline - Report

NTPC may miss the Eleventh Plan (2007-12) commissioning targets for the proposed 750 MW (3 X 250 MW) Bongaigaon thermal power station in Assam.

According to sources, the INR 3,750 crore project is making slow progress apparently due to delay in completion of civil works by SPML Infra

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Orissa seeks help for salvage operation of MV Black Rose

It is reported that Jagatsinghpur district administration of Orissa has sought the cooperation and technical support of Union Ministry of Shipping, environment department, Paradip Port Trust, Indian Coast Guard to dismantle the ship wreckage 'Black Rose' from the Bay of Bengal

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JSPL sees stable steel prices in India in near term

BS reported that some of the Indian steel majors feel that the price of steel is likely to remain stable in the near term as chances of oscillation of its raw materials' cost are unlikely.

Mr Sushil Maroo CFO of JSPL said that "The price of coking coal is now hovering at around USD 275


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GP steel HDG price update on Jan 12

GP
100Gms
0.40


Location Change

Mumbai 0

Chennai 0

Kolkata 0

Delhi 0

Ludhiana 0

Kanpur 436

Rudrapur 436

Bangalore 0


Change is on 12th January as compared to 11th January 2011
Change is in INR per tonne

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Steel light channel prices jump in Kanpur

CHNL
GR A
75/100


Location Change

Ahmedabad 0

Bangalore 0

Chennai 0

Delhi 0

Indore 0

Kanpur 1000

Kolkata 0

Mandi 0

Mumbai -229

Raipur 0

Rudrapur 1000


Change is on 12th January as compared to 11th January 2011
Change is in INR per tonne

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OSHA investigating Leetsdale Copper Plant explosion

It is reported that OSHA officials are investigating an explosion that injured three people at a copper plant in Leetsdale early recently.

As per report, the explosion happened at Hussey Copper along Washington Street at about 9:30 AM. Investigators described the explosion as minor and said

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Chinese domestic steel plate price update on Jan 12

Plates
20mm
Common


Location In CNY In USD

Beijing 0 0

Changsha 20 3

Chengdu 0 0

Chongqing 0 0

Fuzhou 0 0

Guangzhou 30 5

Hangzhou 0 0

Harbin -13 -2

Hefei 0 0

Jinan 0 0

Kunming 69 10

Lanzhou 0 0

Nanchang 0 0

Nanjing 32 5

Shanghai 0 0

Shenyang 0 0

Shijiazhuang 40 6

Taiyuan 0 0

Tianjin 0 0

Wuhan 0 0

Xian 0 0

Zhengzhou 0 0

Average 8 1


Change is on 12th January as compared to 11th January 2011
Change is per tonne
USD:CNY = 6.60

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Chinese domestic galvanized steel HDG price update on Jan 12

HDG
0.5mm


Location In CNY In USD

Shanghai 0 0

Hangzhou 0 0

Fuzhou 0 0

Nanchang 0 0

Guangzhou 0 0

Wuhan -60 -9

Zhengzhou 0 0

Beijing 0 0

Tianjin 26 4

Shenyang 0 0

Harbin 0 0

Chongqing 0 0

Xian 0 0

Boxing 0 0

Average -2 0


Change is on 12th January as compared to 11th January 2011
Change is per tonne
USD:CNY = 6.60

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No sign of BDI improvement on January 12

It is reported that on January 12th 2011, Baltic Dry Index reached 1453 points, down by 27 points as compared to January 11th 2011.

Capsize


 BCI Change

INDEX 1687 -82

SPOT 4 TCE AVG 10285 -981

January 11th 2011 11266

Year Ago 35931


All except INDEX in USD
Change is with respect to numbers on January 11th 2011

Panamax


 BPI Change

INDEX 1970 -5

SPOT 4 TCE AVG 15709 -33

January 11th 2011 15742

Year Ago 32125


All except INDEX in USD
Change is with respect to numbers on January 11th 2011

Supramax


 BSI Change

INDEX 1360 +10

SPOT 4 TCE AVG 14223 +103

January 11th 2011 14120

Year Ago 26577


All except INDEX in USD
Change is with respect to numbers on January 11th 2011

Spot 4 TC Average = Average Value of the Four Main Shipping Routes
BDI = Weighted Composite Index of BCI/BPI/BHMI

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Rebar TMT QST price movement in India on Jan 12

TMT
Fe 415
12mm


Location Change

Ahmedabad 0

Bangalore 0

Chennai 0

Delhi 1101

Hyderabad 0

Indore 0

Kanpur 600

Kolkata 0

Mandi 0

Mumbai -229

Raipur 0

Rudrapur 900

Muzaffarnagar 900


Change is on 12th January as compared to 11th January 2011
Change is in INR per tonne

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Rapid success of physical copper ETFs would deepen deficit

Dow Jones citing Mr Peter Hollands MD of industry consultancy Bloomsbury Minerals Economics Limited as saying that the rapid success of physical copper exchange-traded funds could push the copper market into a deeper deficit of 400,000 metric tons this year shrinking to 100,000 tons next

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Extreme winter weather hits metal smelters in Henan

Reuters reported that Aluminium output in China, the world top producer may be trimmed further this month as smelters in southwest Guizhou province face power cuts to offset soaring energy demand linked to freezing weather.

Aluminium smelting capacity including capacity that was built but

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Mahalaxmi Vinimay set to launch stainless steel rebars

BL reported that Mahalaxmi Vinimay, an INR 500 crore TMT bar and ferroalloys manufacturer, is all set to launch stainless steel TMT bars in West Bengal and Bihar.

Mr Gopal Agarwall MD of Mahalaxmi Vinimay said that "Steel is the future. I anticipate that in the next 5 to 10 years, TMT bars

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South African domestic cement sales down by 5pct YoY in Dec

Data from the Cement and Concrete Institute showed that cement sales in SA moved down by 5.2% YoY in December 2010 to 746,514 tonnes from 787,719 tonnes at the same time in 2009. Domestic sales on a year to date basis were down by 7.8% YoY at 10.870 million tonnes, from 11.783 million tonnes

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Japanese steel export in Nov up by 9pct YoY

According to the Japan Iron & Steel Federation, Japan's export shipments of iron and steel products totaled 3,578,000 tonnes in November 2010, up by 9.6% YoY and also up by 4.8% MoM, when their values totaled USD 3,955.36 million, up by 33.7%, translating into JPY 321.8 billion, up by

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Macroeconomic indicators - Russian inflation hit 9pct in 2010

RIA Novosti quoted the Federal State Statistics Service said Russian consumer price inflation in December 2010 totalled 1.1% with overall inflation for the year 2010 hitting 8.8% the same as in the preceding year.

The service said "The consumer price index in December reached 101.1% and

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Geely may start building Volvo plant in China this year

Bloomberg reported that Zhejiang Geely Holding Group Co, the owner of Volvo Cars, may begin building a plant in China this year that will make the Swedish brand's cars.

Mr Yang Jian Yang Geely President said "We have yet to decide on the location for the new plant with Chengdu in


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Magang to achieve CNY 120 billion of sales income by 2015

It is reported that Anhui based Ma'anshan Steel is planned to enhance its overall products' market competitiveness realizing to achieve over CNY 120 billion of sales income by 2015 with the market ratios of fine-quality products hitting above 50%.

In 2010, Magang's total steel output


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139 projects from Abu Dhabi submitted for Hamdan Bin Rashid award

Gulf News reported that out of 1,463 projects from around the UAE submitted for the 13th edition of the Hamdan Bin Rashid Al Maktoum award for distinguished academic performance, 139 projects were from Abu Dhabi.

Among the projects submitted by Emirati public and private schools, 81 are


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Iranian steel market trend in week 1 - Long products

Iran Steel Service Center reported that Iranian sections market has experienced one of its most silent weeks during last year.

Debar price dropped by USD 4 per tonne to reach USD 822 per tonne at the end of the week. I beam price increased but just due to low supply not real demand. Angle

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ASSOCHAM release on real estate sector in India

To enable investors to own a diversified portfolio of professionally managed assets in the real estate sector, the Associated Chambers of Commerce and Industry of India has suggested a solution in the form of Real Estate Investment Trust and Real Estate Mutual Fund.

In a note submitted to

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Punj Lloyd partakes in scripting Indian solar story

Tapping the innate potential of the most sustainable element in India’s energy basket, Punj Lloyd Group, the diversified global engineering, procurement and construction conglomerate announced the signing of a 25 year Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd for sale of



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Indian auto sales up by 32pct in 2010 - SIAM

According to Society of Indian Automobile Manufacturers, automobile sales in India in December 2010 grew by 30.51% continuing a healthy trend witnessed during the year but rising interest rates and high commodity prices could slow down the growth.

The data for calendar year 2010 shows

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Indian long product prices surge by 5pct in last 10 days

The Indian Long Product Price Index ILPPI on January 11th 2011has surged up by 346 points or 5% to 7902 as compared to 7555 on January 1st 2011.

On the other hand flat product prices have increased by about 3% during this period.

The Indian Long Product Price Index ILPPI further went up


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UP blames centre for coal shortages

Uttar Pradesh government has turned the heat on Centre for the prevailing power crisis in the state.

While demanding more power from the centrally allocated quota, the department of energy has also held the Centre responsible for non-availability of adequate coal for efficient working of


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JSL Mozambique to start coal exports in 2012

Bloomberg reported that Jindal Steel & Power Ltd’s JSL Mozambique plans to start exporting coal from one of its four coal concessions in Mozambique by 2012.

Mr Manoj Gupta head of JSL’s operations in Mozambique said in an e mailed response that the company will spend USD 180


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Arch Coal cuts earnings guidance for 2010 on lower shipments

Arch Coal Inc announced that it expects its 2010 earnings per diluted share on a GAAP basis to be between USD 0.94 per share and USD 0.98 per share, including amortization of coal supply agreements and early debt extinguishment costs.

Excluding these charges, adjusted earnings per diluted

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Deutsche Bank hikes forecast for steam coal coking coal and iron ore

Deutsche Bank AG has raised price forecasts for coal and iron ore on speculation floods in Australia will limit supplies for the materials to produce steel and power.

London based Deutsche Bank analyst Mr Daniel Brebner, citing the floods, said that “The potential shortage in the

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ZincOx appoints Mr Dalal ex KPMG as new non exec director

ZincOx Resources revealed that it has appointed Mr Gautam Dalal as a non executive director. He replaces Mr Jeff Hewitt as chairman of the audit committee, who is retiring as a non exec and deputy chairman of the company.

Mr Dalal is a Chartered Accountant with over 30 years of experience


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Strike to start on January 14 - Peru Cerro Verde SAA Union

DJ reported that unionized workers at copper miner Sociedad Minera Cerro Verde SAA, controlled by US based Freeport McMoRan Copper & Gold Inc, on Sunday published a statement saying they plan to start an indefinite strike from January 14.

The statement said that the workers belonging to the

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Nickel may drop to USD 22509 a tonne - Commerzbank

According to technical analysis by Commerzbank AG, nickel may decline as much as 9.4% to USD 22,509 a tonne after failing to record a weekly close above USD 25,000.

The attached chart shows the metal hasn’t ended the week higher than USD 25,000 since April. That price is near


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Bulgarian engineering and machine industry review for 2010 - Novinite

Bulgaria is an integral part of Honeywell's global customer development strategy, the company said in November. The Bulgarian branch of the multinational American giant has installed more than 60 Honeywell systems in Bulgarian industrial plants and completed more than 100 international

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Pittsburgh to host 2011 North American Steel Construction Conference

Pittsburgh will play host to more than 3,500 steel construction professionals from May 11th 2011 to May 14th 2011 during the 2011 NASCC: The Steel Conference presented by the American Institute of Steel Construction.

The conference features presentations from top industry leaders, more

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Chinese domestic HR steel prices update on Jan 11

HRC
4.75mm
Common


Location In CNY In USD

Beijing 20 3

Changsha 0 0

Chengdu 30 5

Chongqing 0 0

Fuzhou 0 0

Guangzhou 17 3

Hangzhou 10 2

Harbin 0 0

Hefei 82 12

Jinan 0 0

Kunming 30 5

Lanzhou 28 4

Nanchang 16 2

Nanjing 40 6

Shanghai 20 3

Shenyang 0 0

Shijiazhuang 0 0

Taiyuan 0 0

Tianjin 10 2

Urumchi 0 0

Wuhan 0 0

Xian 0 0

Zhengzhou 0 0

Average 13 2


Change is on 11th January as compared to 10th January 2011
Change is per tonne
USD:CNY = 6.62

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.

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Metinvest metallurgical coke production in 2010

Metinvest metallurgical coke production in December 2010 data is given below



Production Dec'10 Nov'10 Change

Gross coke, 6% humidity,(Avddivka Coke+Azovstal) 577.75 541.48 6.7

Incl BF coke, dry (Avdiivka Coke+Azovstal) 497.53 464.22 7.2


In ‘000 tonnes



Production J-D'10 J-D'09 Change

Gross coke, 6% humidity,(Avddivka Coke+Azovstal) 5,736.77 4,822.93 18.9

Incl BF coke, dry (Avdiivka Coke+Azovstal) 4,898.89 4,114.20 19.1


In’000 tonnes

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ArcelorMittal Poland inks LoI with BIPROMET SA

BIPROMET Management SA informs that on December 29th 2010, the headquarters of the company received a letter of intent signed on both sides of December 27th 2010, concluded between BIPROMET SA and ArcelorMittal Poland Dąbrowa Mining Division.

Under the provisions of the letter of

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Tribunal rules in favor of TATA Steel in Teeside slab case

TATA Steel announced that a tribunal had given a partial final award in its favor in an ongoing arbitration proceeding between its UK operations, formerly Corus and a 4 member group of erstwhile buyers of products from its Teesside Cast Products plant in UK.

The arbitration proceedings are

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Beiqi Foton wins contract from Taiwanese Co

It is reported that Beiqi Foton Motor won a sales contract from Taiwan Chengyun Auto Manufacturing.

Beiqi Foton Motor will sell 111 Foton passenger buses to Chengyun Auto in 2011.

The contract value was not disclosed in the filing.

Beiqi Foton Motor previously sold 75 passenger buses


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Shell wants to join in CNOOC refinery plan

China Daily quoted CNOOC officials said Royal Dutch Shell Plc is negotiating with China National Offshore Oil Corp to participate in the latter Huizhou refinery second phase project which will require more than CNY 50 billion in investment and become operational in 2014.

Mr Zhu Mingcai the

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Chinese vehicle sales propel to record 18 million in 2010

According to industry association China auto sales surged strongly in December to propel sales for the entire 2010 by an annual 32% jump to a record 18.06 million units.

The China Association of Automobile Manufacturers said production of automobiles soared 32.4%YoY to 18.26 million units

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Aramco to buy up to 360000 tonnes of gasoline from BP and Lukoil

Reuters reported that State oil giant Saudi Aramco has sealed a deal to purchase up to 360,000 tonnes of gasoline over six months from BP and Lukoil at below market prices.

Officials at BP and Lukoil could not immediately be reached for comment. The world's top crude exporter concluded a

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NRL inks MoU with APGCL

Assam based Numaligarh Refinery Limited signed a MoU with Assam Power Generation Co Ltd for development and implementation of new power projects in the state.

The MoU was signed between Mr BK Das MD of NRL and Mr S Abbasi MD of APGCL, at a function held in Guwahati in the presence of senior

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China Communications to do Sri Lanka port expansion

Reuters reported that China Communications Construction Company has been given USD 810 million contract to build the second phase of Sri Lanka new port.

Hambantota which opened in November is set to be Sri Lanka biggest port once completed and give the Indian Ocean country access to traffic

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TATA Sons holding in TATA Steel to shrink by 2pct - Report

ET reported that promoter holding in TATA Steel will come down by 2% after the steelmaker completes the proposed follow on public offer, which was decided on Tuesday from among a spate of equity options including an overseas share sale plan.

Total promoter holding, including that of TATA

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NALCO and JSW invite bids to import coal

India Coal Market Watch without saying where it got the information reported that National Aluminium Co and JSW Energy Ltd may import a total of 2.8 million tonnes of thermal coal a year.

It said that National Aluminium has invited bids from state suppliers including MMTC Ltd and State

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Metalline Mining reports on final drill test at Mexican Property

It is reported that Metalline Mining Co reported on the results of the final drill tests performed at the company’s mining properties in Mexico. The company is exploring for zinc, lead and silver at the site.

Metalline Mining Company drilled a total of 41 test wells at the Sierra

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Strategic role for rare earths in clean energy technologies

The National Mining Association notes the critical role of rare earth minerals and other materials used in clean energy technologies is examined in a recently released report by the US Department of Energy. Critical Minerals Strategy addresses the challenge of ensuring future reliable access

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Alcoa Q4 profit seen strong on rising demand

Reuters reported that the aluminum industry has struggled for two years since the recession, but demand and prices have started to rise and one of the metal biggest producers, Alcoa Inc is poised to start growing in profitability.

After small profits in recent quarters, Wall Street expects

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Bulgarian cars industry review for 2010 - Novinite

In October 2010, it was announced that Chinese car maker Great Wall Motor Co and Bulgarian company Litex Motors will be rolling off their first vehicles in the plant in the town of Lovech in February 2011.

Great Wall Motor Company signed a JV deal with Bulgarian diversified holding company

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Macroeconomic indicators - Euro area inflation seen up in Dec

According to the data published by Eurostat and the National Institute of Statistics, Euro area annual inflation is expected to be 2.2% in December 2010. It was 1.9% in November.

Euro area inflation is measured by the Monetary Union Index of Consumer Prices. To compute the MUICP flash

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ArcelorMittal Poland will continue to invest in Cracow - Mr Samaddar

In an interview with www.wnp.pl, Mr Sanjay Samaddar director general & CEO of ArcelorMittal Poland said that "We will continue to invest in parts of the raw mill in Cracow, including the coking plant. They will contribute to strengthening our market position."

Q - How do you summarize the

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ArcelorMittal strengthens presence in Azerbaijan

A representation of the world's largest steel producer ArcelorMittal is opened in Azerbaijan.

Mr SR Deshkumar has been appointed the head of the Azerbaijani representation.

The representation passed state registration on December 28 last year.

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SAIC Auto sales in 2010 up by 32pct YoY

It is reported that SAIC Motor Corporation recorded automobile sales volume of 3.58 million units in 2010 up by 31.48%YoY.

Automobile production volume in 2010 increased 30.98%YoY to 3.62 million units. Automobile sales and production volumes in December 2010 rose 1.66%YoY and 10.67%YoY to

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CSR denies merger with CNR

It is reported that CSR Corporation denied rumors of its merger with China CNR Corporation.

China Knowledge had reported that China is considering building the world largest railway equipment group in terms of operating revenue through the consolidation of two major state owned railway

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Arabian Gulf tanker rates decline on surplus vessels for hire

Bloomberg reported that the cost of shipping Middle East crude oil to Asia, the world’s busiest route for supertankers, declined on a surplus of vessels for hire.

According to the London based Baltic Exchange, charter rates for very large crude carriers or VLCCs on the

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Dubai export and re export activities in 2010 up by 15pct YoY

The Dubai Chamber of Commerce & Industry said that export and re export activities of its members recorded a 15.2% rise to AED 214.4 billion in 2010 over 2009.

According to the report, the chamber in its annual report for 2010 indicates positive growth patterns by key economic sectors led


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Synfera bags Mercedes Benz order to set up paint shop

Infrastructure solution provider Synfera Engineering and Construction said that it has bagged a contract from Mercedes-Benz for setting up the biggest paint shop unit in the country at Chakan in Pune.

Mr Sanjeev Nakhasi Synefra VP operations told reporters that “We have bagged a


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Power tariff policy amended to boost clean energy usage in India

To enhance green energy proportion in the energy basket, the Government has amended the Power Tariff Policy to stipulate that the States' solar power purchase obligation should go up to 3% by 2022.

A decision to this effect was taken by the Cabinet. An official statement said that

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Special offer for SteelGuru readers for Indian Steel Conference 2011

Special Limited Time Offer for SteelGuru readers
25% lower Registration Fee Valid till 20th January 2011
Pl send mail to rajarshi@ipfonline.com

India is today poised as the most exciting and fastest growing steel market and recognizing this, SteelGuru and IPFonline Ltd are organizing the


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Nippon Steel exceeds crude steel output target for Oct Dec quarter

Nippon Steel Corporation said that its crude steel output slightly exceeded its target of 8 million tonnes in the October to December 2010 quarter.

Mr Shinichi Taniguchi EVP of Nippon Steel said that "That was in line with our expectations."

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Zaporizhia NPP reactor three shut down for repairs

It is reported that Zaporizhia Nuclear Power Plant disconnected its third reactor from the country’s electrical grid at 0003 on January 2 to conduct medium-term scheduled repairs.

Recently thirteen out of Ukraine fifteen nuclear reactors were operating. Rivne NPP reactor three is

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China CNNC starts building 3rd nuclear reactor in Fujing

Reuters reported that China National Nuclear Corp, the country largest nuclear power developer has started building a third reactor at its Fuqing nuclear power station in coastal Fujian province.

CNNC said the generating unit was scheduled to be commercially operational in July 2015.

The

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Baosteel won ICT excellent enterprise title

At the recently held 2010 China Information and Communication Industry Development Summit Forum aiming to promote low carbon economy, Baosteel Group Corporation won the title of excellent enterprise in ICT energy conservation promotion work.

China Information and Communication Industry Low

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Arabtec CEO statement on suspension of shares trading

Mr Riad Kamal CEO of Arabtec said that "We can confirm that Mr Riad Kamal received a letter from the Securities & Commodities Authority dated January 2nd 2011. The authority asked Mr Kamal to refrain from buying any shares listed in the UAE markets for six months starting on January 5th

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Kuwait Oil Company awards contracts for more than USD 11 billion in 2010

MEED reported that Kuwait Oil Company has awarded a total of more than USD 1.9 billion of contracts in December, bringing its total for 2010 to USD 11.6 billion.

The largest contract, at USD 1.56 billion, was signed by the local Kharafi National on December 6th 2010 for a deal to build

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IOC seeks to import more crude from Angola

At present about 5% of the country’s annual crude oil imports, or around nine million tonnes, come from Angola on term contracts that have fixed tenures.

A senior IOC executive who did not wish to be identified told Business Standard that “Though we have largely been importing

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Bengal Engineering and Science University signs pact with INSDAG for research in steel

The Bengal Engineering and Science University of Shibpur signed a MoU with the Institute for Steel Development and Growth for collaborative research and leverage the strengths of the industry academia resource pool.

Both will work for a proposed steel research centre involving steel

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Daewoo Intl signs a USD 30 million deal to supply CNG buses

Yonhap reported that Daewoo International Corporation has signed a USD 30 million deal to supply buses powered by compressed natural gas to Bangladesh.

Under the deal with the Bangladesh Road Transport Corporation, Daewoo International will ship 255 CNG buses and necessary spare parts by

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Steel plate cuttings prices down at Alang

Product Grade Size Change

Plate cuttings Rolling 1" -100

Ship Scrap Melting Mixed -300


Change is on 4th January as compared to 3rd January 2011
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.

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Steel light channel price update on Jan 5

CHNL
GR A
75/100


Location Change

Ahmedabad -229

Bangalore 0

Chennai 0

Delhi 1300

Indore 0

Kanpur 0

Kolkata 0

Mandi 0

Mumbai -115

Raipur 0

Rudrapur 0


Change is on 4th January as compared to 3rd January 2011
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.

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ACC Cement production update for December 2010

ACC Limited announced production and dispatch figures for the month of December 2010 are as follows



Particulars Dec '10 Dec '09

Cement Production 1.91 1.86

Cement Dispatch 1.92 1.88


(In million tonne)



Particulars Jan – Dec'10 Jan '- Dec '09

Cement Production 21.21 21.38

Cement Dispatch 21.17 21.36


(In million tonne)

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Georgetown steel mill may reopen on Jan 24 - Mr Sanderson

After being closed since January 2010, a union official has confirmed that a Georgetown steel mill will resume work melting steel later this month.

Mr James Sanderson local president of United Steel Workers Union 7893 said that 40 workers will return to work at ArcelorMittal and that the

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Schnitzer acquires State Line Scrap Co

Schnitzer Steel Industries, Inc announced that it has entered into a definitive agreement to acquire substantially all of the assets of State Line Scrap Co Inc and certain of its affiliates.

Terms of the transaction were not disclosed.

State Line and affiliates operate from facilities


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Moldova steel product consumption to increase in 2010

It is reported that in 2010, steel product consumption in Moldova is estimated to increase by 5%YoY to 10%YoY to 210,000 tonnes to 220,000 tonnes with domestic demand remaining low, adding that the main consumption continues to be concentrated in the construction sector amid weakness in

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Chinese domestic steel wire rod price update on Jan 4 2011

WRC
6.5mm
Common


Location In CNY In USD

Changsha 0 0

Chengdu 0 0

Chongqing 0 0

Guiyang 0 0

Hangzhou 40 6

Harbin 0 0

Kunming 36 5

Nanchang 0 0

Nanjing 0 0

Shanghai 10 2

Shenyang 0 0

Shijiazhuang 0 0

Taiyuan 0 0

Tianjin 0 0

Wuhan 0 0

Zhengzhou 0 0

Average 5 1


Change is on 4th January 2011 as compared to 31st December 2010
Change is per tonne
USD:CNY = 6.61

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.

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China Sinovel wind to raise up to USD 1 billion in Shanghai IPO

Reuters reported that Sinovel Wind, China largest wind turbine producer will raise up to CNY 9.46 billion through an initial public offering in Shanghai after setting an IPO range at CNY 80 to CNY 90.

Sinovel is selling up to 105.1 million shares with the proceeds being used to build more

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Chinese domestic galvanized steel HDG price update on Jan 4 2011

HDG
0.5mm


Location In CNY In USD

Shanghai 0 0

Hangzhou 28 4

Fuzhou 0 0

Nanchang 0 0

Guangzhou 0 0

Wuhan 0 0

Zhengzhou 0 0

Beijing 0 0

Tianjin 0 0

Shenyang 0 0

Harbin 0 0

Chongqing 0 0

Xian 0 0

Boxing 0 0

Average 2 0


Change is on 4th January 2011 as compared to 31st December 2010
Change is per tonne
USD:CNY = 6.61

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.

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FAW spends CNY 12 billion on auto research from 2006 to 2010

China Knowledge reported that FAW Group, China fourth largest automaker invested a total of CNY 12.9 billion or USD 1.96 billion in research and development in the 11th Five year Plan period starting from 2006 to 2010.

As per report, boosted by the investment, the company yielded over 400

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Reorganization of 12 private steelmakers in 50 days by HBIS

It is reported that after reorganization of first five private steelmakers on November 11th 2010 HBIS quickly started the second round of restructuring work.

On December 31st 2010, HBIS signed joint restructuring agreement with seven steel mills via the model of “Progressive Equity

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Saudi Aramco sets propane price at record USD 935 a tonne for January

It is reported that state run Saudi Aramco has set its January 2011 contract price for propane at a record USD 935 a tonne, up by USD 30 from December 2010.

The company lowered its January 2011 butane price by USD 25 from December to USD 920 a tonne. The prices provide a benchmark against

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Arabtec wins residential projects worth AED 623 million

Dubai's Arabtec said that it won contracts worth AED 623 million to build two residential projects in Abu Dhabi and a staff accommodation building in the northern emirate of Fujairah.

Arabtec, the largest builder in the United Arab Emirates by market value, said that the residential towers


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Gayatri Projects gets two new orders

Gayatri Projects Ltd has bagged two new orders under Electrical Supply & Erection on turn key basis.

The company secured order from The MP Paschim Kshetra Vidyut Vitaran co ltd, INDORE GPH Compound, Polo ground, INDORE for supply of Material for Construction of New 11KV Line, LT Line on AB



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Car sales in India pick up speed in December

The automobile industry last month regained some of the momentum it lost in November, with passenger car sales of six leading companies growing by over 12%.

The six car manufacturers TATA Motors, Hyundai Motor India Ltd, General Motors, Ford, Toyota and Mahindra & Mahindra sold 101,934

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