Asia Economy news, Markets and Business Trends - Made-in-China.com

Job Contracts Are Awarded Through a Tendering Process for Carrying out Jobs of Temporary

Dec 14, 2012

Mr Beni Prasad Verma the minister of Steel said that in SAIL plants/units including Durgapur Steel Plant, job contracts are awarded to contractors through a tendering process for carrying out jobs of temporary, intermittent/seasonal nature ...

Tags: Beni Prasad Verma, temporary jobs, India, steel industry

Bhilai Steel Plant Has Exceeded Its Annual Business Plan Targets

Dec 14, 2012

Daily Pioneer reported that continuing its consistent performance in the current fiscal year 2012-13, Bhilai Steel Plant, the flagship unit of the public sector Steel Authority of India Ltd, has exceeded its annual business plan targets in ...

Tags: Bhilai Steel Plant, Steel Authority of India Ltd, hot metal, crude steel

WISCO Won AD Lawsuit of Coated Steel Plate/Coil Against Brazil

Dec 14, 2012

At present, the DECOM of Ministry of Development, Industry and Foreign Commerce of Brazil published an announcement that the anti dumping investigation of the coated steel plate/coil imported from China is settled with zero tax rate, which ...

Tags: steel pipe, steel plate, steel strip, high carbon steel

Wuhan Iron and Steel Corp Second 7 Meters Large Scale Coke Oven Was Put Into Operation

Dec 14, 2012

Started from December 2011, Wuhan Iron and Steel (Group) Corp second 7 meters large scale coke oven was finally put into operation on November 28th 2012. As the most advanced coke oven made at home, the new coke oven is capable to produce ...

Tags: steel pipe, steel scrap, high carbon steel, steel roll forming

Dubai Aluminium Signed an Agreement with Aluminium Bahrain BSC

Dec 14, 2012

Dubai Aluminium the entirely state-owned entity that operates the world's largest single site primary aluminium smelter using pre baked anode technology signed an agreement with Aluminium Bahrain BSC whereby the latter will use Dubal's DX+ ...

Tags: Dubai Aluminium, primary aluminium, aluminium, anode technology

Inevitable Came to The Fore with The Iron Ore Price Losing 1%

Dec 14, 2012

The inevitable came to the fore with the iron ore price losing 1%. Over a week long silence was broken on expected lines. Mills withdrew from buying remaining contended with need based buying from stocks. Tenders continued at lower levels ...

Tags: iron ore price news, steel scrap price, stainless steel

NMDC's Offer for Selling 39.65 Crore Shares Was Over Subscribed

Dec 14, 2012

Indian Express reported that NMDC's offer for selling 39.65 crore shares was over subscribed, following hectic trading towards the end of the day, ensuring at least INR 5,900 crore for the exchequer. Against the offer for sale of ...

Tags: NMDC, crore shares, hectic trading, sales

The Details of Royalty Paid to The State Government of Chhattisgarh by The NMDC

Dec 14, 2012

The details of royalty paid to the State Government of Chhattisgarh by the NMDC during the last three years are given below: In INR in crore

Tags: Chhattisgarh, royalty, India, Indian royalty

Iran and Pakistan Gas Pipeline Will Be Completed on Schedule in 2014

Dec 14, 2012

MNA reported that Iran and Pakistan gas pipeline will be completed on schedule in 2014 despite the US pressures to head off the project. Mr Mahmoud Ahmadinejad president of Iran remarks vowing completion of a multi billion dollar gas ...

Tags: crude oil and gas, the gas company, natural gas, oil&gas companies

Indian Steel Demand Grew by Just 0.4% to 5.65 Million Tonne

Dec 14, 2012

As per data reported by Joint Plant Committee, Indian steel demand grew by just 0.4% to 5.65 million tonne in November 2012. According to Nomura Equity Research, with almost no growth in October to November 2012, steel demand growth over ...

Tags: Joint Plant Committee, Indian steel, steel demand, steel

Waagner Biro Has Won a Slew of Bridge Building and Maintenance Contracts

Dec 14, 2012

Steel engineering company Waagner Biro has won a slew of bridge building and maintenance contracts in the UAE. The firm has been awarded deals worth USD 7.6 million by the RTA for the maintenance of Al Maktoum Bridge and the Floating ...

Tags: Steel engineering company, Waagner Biro, steel bridges, bridge project

Turkey Is Still Highly Dependent on Iranian Oil Imports

Dec 14, 2012

Turkey is still highly dependent on Iranian oil imports, despite being given 6 month exception to the sanctions alongside India, South Korea and China amongst others. This was to give the countries time to diversify their energy sources ...

Tags: Turkey, Iranian oil imports, oil, oil industry

Reuters Cited Mr Abdul Kareem Luaibi Oil Minister of Iraq

Dec 14, 2012

Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...

Tags: oil, Iraq, Vitol, oil trade

Caofeidian Port Is Now Earning a Growing Reputation

Dec 14, 2012

Caofeidian Port is now earning a growing reputation as one of China's key coal transfer ports by accelerating construction and upgrading of relevant facilities, industry sources said. Facility construction or expansion projects to boost ...

Tags: coal, coal mining news, iron ore price news, buy steel pipe

Larsen & Toubro Has Secured an Order Worth Over INR 732 Crore

Dec 14, 2012

Business Line reported that Larsen & Toubro has secured an order worth over INR 732 crore from Nuclear Power Corporation of India Ltd. The NPCIL order is for supply to the Rajasthan Atomic Power Plant. L&T Power will supply, install and ...

Tags: inr indian rupee, exchange rate india, inr currency rates, india currency