Steel Guru

Saturday, September 4, 2010

Iran and Armenia railroad feasibility study underway

12:47 AM Unknown No comments

Feasibility studies are underway on the construction of a railroad linking Iran to Armenia.

Mr Manuk Vardanyan transport and communications minister of Armenia stated that the participants are introducing their visions for the project.

Meanwhile, Mr Igor Levitin transport minister of

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Bid submission deadline for Chhattisgarh UMPP extended again

11:23 PM Unknown No comments

Bloomberg reported that India extended the deadline for submission of bids for a 4,000 MW power plant in the state of Chhattisgarh for the third time, pending environmental approval for a coal mine linked to the project.

According to an advertisement published in today edition of the

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Steel melting scrap price up in Chennai

12:41 AM Unknown No comments

Melting scrap
80:20
HMS

Location Change

Chennai 453

Hyderabad 0

Kandla 0

Kanpur 0

Kolkata 181

Mandi 181

Mumbai 100

Rudrapur 0

Change is on 2nd September as compared to 1st September 2010
Change is in INR per tonne

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China Shipbuilding profit in H1 up by 16pct YoY

12:41 AM Unknown No comments

It is reported that China Shipbuilding Industry recorded a 15.92%YoY increase in net profit to CNY 797 million in the first half of 2010.

Earnings per share were CNY 0.12 in the first half of 2010. Revenue climbed 4.8%YoY to CNY 8.84 billion during the same period. Revenue from ship

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Power restrictions to cut capacity utilization and boost steel prices in China

12:41 AM Unknown No comments

Bloomberg quoted Credit Suisse Group AG as saying that power restrictions by local governments in China may lead to the suspension of 25 million tonnes of annual steel capacity helping boost prices.

The suspended capacity includes a Baosteel Group Corp blast furnace in Ningbo.

Ms Trina

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