Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
During last week billet market experienced many fluctuations in Iran. Market price for size 150 mm was IRR 15.5 million per tonne on truck in Anzali including 5% VAT by beginning of the week. After rise in ex rate, billet price rose to IRR ...
Tags: billet market, Iran, Steel Market, steel
MNA cited Mr Abbas Memarnejad, Customs Administration Director of Iranian, as saying that Iran conducted USD 71.2 billion in trade of non oil goods with other countries during the first nine months of the current Iranian calendar year, ...
Tags: Iran, non oil goods, exports, Iran economy
As the Chinese market furrowed on, unperturbed by the holidays, fewer deals were done, perhaps due to a slowdown in the number of negotiable candidates as many owners were already in a holiday mode. One deal was however concluded - ...
Tags: China, Ship Breaking Industry, ship breaking, China economy
According to data from China Iron and Steel Association, China’s ship plate production in the first eleven months amount to 9.3377 million tonnes and marine steel coil hit 845.800 tonnes. Among them, Chongqing steel produced ...
Tags: China, Iron, Steel, ship plate, marine steel coil
An unidentified official said that the United Arab Emirates started recovering an Iranian registered cargo ship that sank December 28th in stormy seas carrying a heavy load of fiberglass. The report said that 6 crew members were rescued ...
Tags: UAE, Iranian cargo ship, fiberglass, sunken cargo ship
A top government official said that the work on the BHD 24.2 million Mina Salman Interchange project has reached 47% and is expected to be opened for traffic in November next year. Mr Essam Khalaf, Works Minister said that “The ...
Tags: Mina Salman Interchange, infrastructure project, transport
Business Standard reported that the state owned Odisha Mining Corporation, a minority shareholder in the MMTC managed Neelachal Ispat Nigam Ltd, proposes to buyout shares of another state company, Industrial Promotion and Investment ...
Tags: Odisha Mining Corporation, mining, iron ore mines, steel plants
Economic Times reported that the Odisha government has decided to break the logjam at POSCO’s steel plant project near Paradip a year after a person was killed in group clash. The district collector and senior officers on last ...
Tags: Odisha government, steel plant project, POSCO, coastal road
According to the data released by China’s National Development and Reform Commission, in the January to October period of this year the aggregate gross profit of the Chinese iron and steel industry amounted to CNY 113.1 billion (USD ...
Tags: iron, steel industry, China, statistics
Mr P Chidambaram the Union Finance Minister has expressed optimism that the Indian economy will continue to grow at a healthy rate even as the global economies face recession. He said that this is because our economy has strong fundamentals ...
Tags: Indian economy, global economies, savings rate, India
The Indian Long Product Price Index ILPPI has gone up by 33 points last week whereas Indian Flat Products Index IFPPI has gone down by 38 points. The overall price index INDSPI remained stable. Class 21-Dec ...
Tags: India, Long Product Price, steel, steel market
The year 2012 saw a big push for the key infrastructure projects of Railways. After a review meeting on infrastructure held by the Prime Minister in the last week of November 2012, deadline has been set for such important infrastructure ...
Tags: infrastructure projects, Railways, elevated rail corridor
Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 46.1 points in December, down slightly from November's 46.2 points and below the earlier flash estimate of 46.3. The Markit Final Eurozone Manufacturing PMI was below ...
The emirate's transport authority said that Dubai plans to spend about AED 1 billion over 5 years to improve roads. Mr Mattar Al Tayer chairman and executive director of the Roads and Transport Authority said that the initial phase of ...
Tags: emirate, transport authority, roads, transport