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In December, China's Manufacturing Purchasing Managers Index Was 50.6 Percent

Jan 9, 2013

China's PMI Remained at the Same Level over Last Month in December National Bureau of Statistics of China Department of Service Statistics of NBS China Federation of Logistics and Purchases (CFLP) In December, China's manufacturing ...

Tags: China, PMI, Last Month, Decembe

India's Apparel Sector Can Post Growth Over The Next Three Years

Jan 8, 2013

India’s apparel sector can post a three-fold export growth over the next three years if the Central Government permits it to use 15 percent of the export proceeds to import raw inputs like synthetic and polyester fabrics, which they ...

Tags: apparel, raw inputs, polyester fabrics, synthetic

Indian SAIL Has Announced to Commission New Sinter Plant

Jan 8, 2013

Indian SAIL has announced to commission new sinter plant at its IISCO Steel Plant(ISP)at Burnpur in the eastern state of West Bengal,with expecting annual production capacity approximately 3.88 million tons.The new steel project will ...

Tags: new steel project, Burnpur works, Indian, steel

Taiyuan Iron and Steel Group Co Ltd Plans to Increase Its Product Exports by About 52%

Jan 8, 2013

Taiyuan Iron and Steel Group Co Ltd,the world's largest stainless steel producer by output,plans to increase its product exports by about 52%to 500,000 metric tonnes next year. Experiencing a weak market at home and overseas,it will ...

Tags: Taiyuan iron and steel, increase in exports

Essar Ports Is The Lone Bidder for The INR 3,700 Crore Mega Container Terminal Project

Jan 8, 2013

Business Line reported that Essar Ports is the lone bidder for the INR 3,700 crore mega container terminal project at Chennai port.It has offered a revenue share of 5.25%for the project,slightly above the 5%Adani Ports offered in the ...

Tags: Essar Ports, Chennai port, revenue share

Citic Trust Co a Unit of China's Biggest State Owned Investment Company

Jan 8, 2013

Bloomberg reported that Citic Trust Co a unit of China's biggest state owned investment company missed a bi annual payment to investors in one of its products after a steel company missed interest payments on the underlying loan. ...

Tags: loan repayment, Citic Trust Co

Singapore Escaped a Technical Recession After The Economy Grew in The Fourth Quarter

Jan 7, 2013

Singapore escaped a technical recession after the economy grew in the fourth quarter thanks to a boost from services, government data showed yesterday, but prospects for 2013 remain gloomy. The Ministry of Trade and Industry said that ...

Tags: Singapore, technical recession, GDP

Yieh Phui Might Have The Profitable Sales Number in This January

Jan 7, 2013

The Vice-President of Yieh Phui, one of the major coating steel mills in Asia said that the company might have the profitable sales number in this January due to the good export sales prices. Besides, the company's February allocation has ...

Tags: Taiwanese, Sales Revenue, profitable

M&M Maintained Its Leadership Position in The Tractor Industry

Jan 7, 2013

Mahindra & Mahindra Ltd's Farm Equipment Sector, a part of the UDS 15.9 billion Mahindra Group, maintained its leadership position in the tractor industry in December 2012. Domestic sales in December 2012 stood at 13712 units, as against ...

Tags: Mahindra&Mahindra Ltd, Domestic sales, Metallurgy, Mineral

The GCC Population Will Soar by 30% to 53.5 Million People

Jan 7, 2013

A report by the Economist Intelligence Unit revealed that the GCC population will soar by 30% to 53.5 million people who will form an increasing strain on the region’s supplies of electricity, food and water. The report said that ...

Tags: GCC Population, Economist Intelligence Unit, 53.5 million

in November 2012 Turkey's Stainless Flat Steel Imports Rose by 7.5%

Jan 7, 2013

According to the data provided by the Turkish Statistical Institute, in November 2012 Turkey's stainless flat steel imports rose by 7.5% compared to the previous month and were up 9.25% compared to November 2011, amounting to 29,793 metric ...

Tags: stainless flat steel, stainless flat steel imports, steel, flat steel

India's Economy Could Expand by Around 6% in 2013

Jan 7, 2013

PTI cited Mr Kaushik Basu CEO of World Bank as saying that India's economy could expand by around 6% in 2013, attributing the current slowdown to global factors. Mr Basu at CD Deshmukh Memorial Lecture said that "It is very-very difficult ...

Tags: economy, global factors, economic growth, exports, imports

Emco Ltd Has Secured an Order Worth INR 458 Crores From Power Grid Corporation

Jan 7, 2013

It is reported that Emco Ltd has secured an order worth INR 458 crores from Power Grid Corporation of India Limited for execution of 800 KV HVDC Transmission Line Tower Package TW 05 from Champa to Kurukshetra. This is part of the ...

Tags: Emco Ltd, Power Grid Corporation, India, energy

Bharti Infratel Got Subscribed 35% at The End of The Two Day on Wednesday

Jan 7, 2013

The initial public offer of Bharti Infratel got subscribed 35% at the end of the two day on Wednesday. It received 55.9 million bids, which includes 0.18 million bids at cut off price, as against total issue size of 160.5 million. CRISIL ...

Tags: Bharti Infratel, IPO, equity securities, India

Copper Prices Edged Higher by INR 2 Per Kg on The Local Non-Ferrous Metal Market Today

Jan 7, 2013

Economic Times reported that copper prices edged higher by INR 2 per kg on the local non-ferrous metal market today on increased industrial demand. Traders said increased industrial demand mainly helped copper prices to strengthen. In the ...

Tags: Copper, copper prices, copper mixed scrap, metal scrap