JFE Holding Inc has delayed a decision to build a USD 3.6 billion integrated steel plant in Vietnam,saying it is worried that the poorly developed market could hinder its operations. JFE had said earlier it would defer a decision on the ...
Business Line reported that the Indian Institute of Materials Management’s Durgapur chapter organized a seminar on “Challenges facing Indian steel industry - A supply chain perspective”, on December 23. Mr PK Singh ...
Tags: Indian Institute of Materials Management, India, steel plants
Business Standard reported that the Revision Authority under the Union mines ministry has set aside an Odisha government order directing Jindal Stainless Ltd to pay INR 6 crore for shortage of chrome ore found during audit. The final ...
Tags: ore, mines ministry, mines, chrome ore
Business Standard reported that the sponge iron industry in Karnataka, which accounts for about 22 % of the state’s total iron and steel industry, is in doldrums owing to acute shortage of iron ore. As per report, while a majority ...
Tags: Iron ore, Iron, ore, steel industry
Indian Express cited the steel ministry as saying that Tamil Nadu public sector SAIL will scale down operations unless the state waived the company's accumulated liabilities of INR 470 crore and re-validated its mining leases.The move to ...
Tags: Tamil Nadu, SAIL, SRCL, Steel
TATA Steel's USD 5 billion investment proposal will receive full support of the Vietnamese government. That's the word coming in from the ASEAN member's trade minister Mr Vu Huy Hoang, Trade Minister, Vietnam in an exclusive conversation. ...
Tags: TATA Steel, investment proposal, steel market, steel industry
En.for-ua.com reported that steelmaking production in Ukraine in 2013 will grow by 3% compared to the expected performance of this year up to 33.7 million tonnes. Director of the Ukrpromvneshekspertiza Centre Mr Volodymyr Vlasyuk told a ...
Tags: steelmaking production
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
The Commission should ensure that EU state aid rules take account of steel industry needs, keep an eye on threatened plants and deliver its promised action plan to help the sector as soon as possible, Parliament in a resolution voted on ...
Tags: steel industry needs, EU, action plan, EU state aid
On the 17th POSCO E&C signed an agreement worth USD 400 million with Formosa Ha Tinh Steel Corporation,a Vietnamese steel subsidiary of the Fomosa Group of Taiwan,to construct a facility that will process materials for steel works. ...
Tags: 17th POSCO E&C, Formosa Ha Tinh Steel Corporation, steel works
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
ccdirector & group CFO of JSPL said that a number of companies are coming out with initial public offers but, JSPL at the moment does not have any plans to list Jindal Power in the near term. He added that they have provided all the ...
Tags: JSPL, Jindal Power, mining operation, mining
Reuters reported that it is unwise for governments to intervene to avoid the closure of steel plants in the euro zone's oversupplied market. The chief executive of Austrian steelmaker Voestalpine said that in the last few weeks both the ...
Tags: steel plants, steel production, Eurofer
Business Standard reported that according to the Sponge Iron Manufacturers Association, the recent clamp down on miners by the Odisha government is likely to affect India’s sponge iron production by around 15% in the current financial ...
Tags: Sponge Iron Manufacturers Association, India, iron production, iron
As per a PTI report, Odisha has already achieved steel production capacity of 12.66 million tonne per annum and may reach 77.16 million tonne per annum after commissioning of projects for which 49 MoUs have been signed with corporates. Mr ...
Tags: steel production capacity, Odisha Steel and Mines, integrated steel