Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...
PTI cited a senior official of Steel Ministry as saying that the proposal to set up a steel plant jointly by state owned NMDC and Russia's Severstal has been put in cold storage as both the companies are not willing to lose management ...
Tags: PTI, NDMC, POSCO, JV company, Management Issue, steel maker, Severstal
The international credit ratings agency Standard and Poor's has announced that the France based seamless steel tube producer Vallourec will maintain its strong market positions in premium steel pipes and connections for the oil and gas ...
Tags: Standard and Poor, seamless steel tube, Vallourec, market positions
Business Line reported that Andhra Pradesh chief minister Mr N Kiran Kumar Reddy gave an assurance to the Mr AP Chowdhary CMD of the Rashtriya Ispat Nigam Ltd that the state government is favorably inclined to the petition of the company ...
Tags: power supply, RINL, iron ore mines
The Australian reported that Arrium is considering expansions that could grow a key minerals processing business by more than 20% over the next 5 years through plants in Canada, Brazil and Peru. Mr Andrew Roberts consumables boss of ...
JFE Shoji Trade Corporation announced the execution of a USD 9 million Loan Agreement(the"Loan")with OM Materials(S)Pte Ltd a fully owned subsidiary of OM Holdings Ltd. OMH is listed on the Australian Securities Exchange with principal ...
Tags: JFE Shoji Trade, Loan Agreement, OM Materials, ore sourcing
Business Standard reported that the Odisha government is scheduled to hold talks with the officials of union ministry of steel on December 14th on various issues concerning hurdles in implementation of steel projects in the state A host ...
Tags: Steel Authority of India Limited, POSCO, Rashtriya Ispat Nigam Limited
As the Steel Authority of India concluded its 50th Safety Week on December 15th,iron ore mining workers were urged to follow safety measures to achieve zero mishap. Mr Anup Srivastav deputy director of Mines Safety,Dhanbad at Meghahatu ...
Tags: zero mishap, Iron Ore Mines, safety measures
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
Business Line reported that delay in allotment of coal and iron ore mines, increasing imports of iron ore by India and the failure of domestic steel makers to reach production targets so far this year. Affected by different regulatory ...
Tags: Iron Ore, Steel Output, India
Business Standard reported that Mr BK Patnaik chief secretary of Odisha recently appeared before the Supreme Court along with state steel and mines secretary Mr Rajesh Verma and Mr Aditya Prasad Padhee, principal secretary to CM for ...
Tags: Odisha, steel, mine, iron ore mine
Mr Beni Prasad Verma the minister of Steel said that the total turnover and profits made by Bhilai Steel Plant during each of the last 3 years and the current year are as under: In a written reply in the Lok Sabha, Mr Verma said that ...
Tags: Bhilai Steel Plant, steel, turnover, profit
Bloomberg reported that Chinese leaders have signaled they will continue to support investment in iron ore in Western Australia despite the recent slump in demand for the bulk commodity. Beijing's most powerful economic planning agency ...
Business Standard reported that as many as 54 mining leases in Odisha are operating under deemed extension following the expiry of their leases. The expiry period of the leases ranges from 4 to 25 years. According to information given by ...
Tags: expiry period, leases ranges, constitutional machinery
It is reported that the situation for mining and steel companies in Karnataka continues to be grim despite the Supreme Court order allowing some of the mines to resume operations. Delays in getting clearances from government bodies and in ...