Asia
Asia
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The Bi Monthly Steelbenchmarker TM Chinese HRB Ex Work Soared 5.0% to USD 523 Per Tonne
Dec 12, 2012The bi monthly SteelBenchmarker TM Chinese HRB ex work soared 5.0% to USD 523 per tonne, for the fourth consecutive time. The World export HRB price increased 1.5% to USD 542 per tonne, FOB the port of export, for the second consecutive ...
Tags: SteelBenchmarker, HRB, HRB price, price convergence
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IVRCL Ltd Has Entered Into a MoU with The Haryana Government
Dec 12, 2012Business Line reported that IVRCL Ltd has entered into a MoU with the Haryana Government for the development of Rai Malikapur to Kharak road corridor. The INR 1,605 crore project corridor will cover a stretch of 151 kilometer of Rai ...
Tags: inr india, reliance india, india business news, india currency
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The Pakistan State Oil Aims to Transform From a Simple Marketing and Distribution Company
Dec 12, 2012The News reported that the Pakistan State Oil aims to transform from a simple marketing and distribution company to a global energy company by developing an integrated supply chain which incorporates aspects of exploration, refining, ...
Tags: oil, natural resources, PSO
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The Iranian Government Is Preparing The Next Solar Year Budget to Submit to The Parliament
Dec 12, 2012The Iranian government is preparing the next solar year budget to submit to the Parliament but reportedly with significant difference from current year budget in details. According to the budget law, Iran is expected to sell USD 81 ...
Tags: Oil, Year Budget, budget law
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Hindustan Zinc Has Signed an MoU with The Rajasthan
Dec 12, 2012PTI reported that Vedanta's group company, Hindustan Zinc has signed an MoU with the Rajasthan Governmentto adopt 92 Schools in phases in Chittorgarh and Bhilwara District of the state. A company official said that the aim is to adopt 92 ...
Tags: jodhpur rajasthan, schools, india rajasthan, jaipur rajasthan
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The Broner Systems Will Be Closely Coupled with JSW's SAP Systems
Dec 12, 2012Broner Metals Solutions announced that it has been selected by JSW Steel Ltd to implement a world class Production Planning and Scheduling solution together with Broner's MES solution, for the JSW Vijaynagar Integrated steel complex The ...
Tags: steel systems, stainless steel, steel rolling, steel structure
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Heralding Three Path Breaking Reforms in Retail
Dec 12, 2012As the national economy sea saws between revival and slump the impasse over turn of fortune remains unbroken. UPA government sensing the impending economic holocaust with the fiscal deficit and inflation remaining obdurate has stuck with ...
Tags: steel gate, steel systems, steel scrap buyers, alloy steel
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The Ailing Indian Market Required Some Urgent Assistance From Both Bangladesh and Pakistan
Dec 12, 2012The ailing Indian market required some urgent assistance from both Bangladesh and Pakistan this Week as cash buyer vessels were diverted to rival shores in a bid to ease the burden on an already creaking industry. 94 vessels have already ...
Tags: steel scrap buyers, scrap yards, exchange rate india, iron ore price news
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Marubeni-Itochu Steel Inc Announced That It Has Agreed to Acquire The 59.12% Stake
Dec 12, 2012Marubeni-Itochu Steel Inc announced that it has agreed to acquire the 59.12% stake that lead shareholder Ann Joo Resources Berhad holds in Malaysian metal press processor Anshin Precision Industries Sdn Bhd as well as the 8.69% share ...
Tags: auto industry, local procurement ratios, comprehensive services
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During 2011-12,Consumption of Finished Steel in The Country Was 70.92 Million Tonne
Dec 12, 2012Mr Beni Prasad Verma the minister of Steel said that during 2011-12, consumption of finished steel in the country was 70.92 million tonne as against production of 73.42 million tonne. As such, there is no gap between demand and supply of ...
Tags: steel scrap buyers, stainless steel, buy steel pipe, steel tubes
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Rashtriya Ispat Nigam Limited Has Reported 5% Rise in Turnover in November
Dec 12, 2012Business Line reported that Rashtriya Ispat Nigam Limited has reported 5% rise in turnover in November to INR 1,085 crore over the same month last year. RINL said "The iron and steel sales volume registered a growth of 6% during the ...
Tags: steel scrap buyers, iron ore price news, steel alloys, indian inr
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The Company Has Received Assay Results
Dec 12, 2012Mr Greg Myers CEO and President of Caza Gold Corporation announced that initial reconnaissance sampling has identified a large area of mineralized and silicified igneous rocks containing up to 45.9 grams per tonne gold and 1.82% copper at ...
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FDI up to 100% Is Permitted Under The Automatic Route in Mining and Exploration of Metal
Dec 12, 2012As per Consolidated Foreign Direct Investment Policy Circular 1 of 2012 dated 10th April 2012 issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, FDI up to 100% is permitted ...
Tags: jobs in mining, mining gold, copper mining news, mining exploration
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Bangladesh Was Caught Somewhere in The Middle
Dec 12, 2012With China down and India appearing to reach some sort of stability, Bangladesh was caught somewhere in the middle, picking up vessels that were either diverted from West Coast India, or those discharging in East Coast India/Chittagong ...
Tags: scrap metal prices, scrap yards, steel scrap buyers, scrap recycling
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The Goa Government Plans to Export Decades-Old Accumulated Iron Ore Dumps
Dec 12, 2012Business Line reported that the Goa Government plans to export decades-old accumulated iron ore dumps. Mr Manohar Parrikar CM of Goa said that the state plans to clean up huge dumps at various mine sites. He said that "We have huge ore ...
Tags: iron ore dumps, mine sites, ore fines
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