Chinese crude steel consumption to hit 596 million tonnes

Xinhua quoted according to a steel association official that China apparent consumption of crude steel is likely to reach 596 million tonnes this year increase of 5.6%YoY.

Apparent consumption represents the sum of net imports and output and can be used to estimate real consumption

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Chinese auto sales in 2010 expected to hit 17 million units

According to data released by the China Association of Automobile Manufacturers, China is expected to record auto sales volume of more than 17 million units this year.

The auto sales volume is expected to exceed 25 million units by 2015.

Mr Li Yang a commentator on the auto industry said

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Pencil ingot price movement in major places on Nov 29

Pencil ingot


Location Change

Ahmedabad -100

Alang -100

Bhiwari -200

Chennai 0

Durgapur -91

Ghaziabad -100

Hyderabad 0

Jaipur 0

Jamshedpur -100

Kanpur -174

Kolkata 0

Mandi 0

Mumbai 0

Muzzafarnagar -44

Nagpur 363

Raigarh -50

Raipur -200

Rourkela 0

Rudrapur -174


Change is on 29th November as compared to 26th November 2010
Change is in INR per tonne

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ESI in talks with ZonesCorp for Mussafah expansion

MEED reported that the UAE’s Emirates Steel Industries is in negotiations with the state owned ZonesCorp for a land allocation for its USD 1 billion phase expansion next to its main production complex in Abu Dhabi.

Mr Mohammad Al Qamzi CEO of ZonesCorporation said that ESI is in talks

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BSI-Steel factory inaugurated in Qatar

The Minister of State of Energy and Industry, HE Dr Mohammed Saleh Al Sada launched the Building Integration Systems Company (BSI-Steel) factory in the Industrial Area.

The BSI-Steel is the first of its kind in Qatar for the design, manufacture and supply of steel buildings up to four

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