The Chhattisgarh government has assured Tata Steel Ltd (TSL) that it would soon demarcate land required for its proposed 5.5 mtpa plant. The Chhattisgarh government’s assurance came at a meeting between steel makers and the Steel Ministry. Tata Steel had in 2005 signed a MoU with Chhattisgarh government to set up the greenfield plant in two phases. The MoU has been renewed [...]
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There is an urgent need to increase steel production which would require exploration of unmined iron ore deposits, Indian Bureau of Mines Controller General C S Gundewar has said. India is the fourth largest producer of steel in the world and has large resources of iron ore with the estimated capacity of 28.52 billion tonnes and hematite and [...]
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Steel consumption in the country grew by 3.5 per cent in April, marginally higher than the average 3.3 per cent growth in the entire last fiscal. Steel consumption grew to 5.6 million tonnes (MT) in April from 5.4 million tonnes in the same month last year, according to the data by steel ministry body Joint Plant [...]
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The final sections of the 408-ft steel spire for One World Trade Center were lifted to the top of the building earlier this month and installed this last week. The skyscraper now stands at a symbolic 1,776 ft high, making it the tallest building in the Western Hemisphere and the third tallest in the world. [...]
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The American Institute of Steel Construction (AISC) has recognised 13 standout structural steel buildings at the 2013 Innovative Design in Engineering and Architecture with Structural Steel awards (IDEAS2). A panel of design and construction industry professionals identified National and Merit winners in three categories, based on constructed value: less than $15 million, $15 million to [...]
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India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from a flood of imports from countries like China and Italy. The Directorate General of Safeguards under the Finance Ministry has initiated an investigation on impact of large scale import of seamless pipes, tubes and hollow [...]
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Steel Authority of India Ltd is set to increase its crude steel capacity. The Cabinet Committee on Investment headed by the Prime Minister has issued instructions for clearance to the Environment Ministry. The Maharatna company had applied for forest clearance for the Gua iron ore mines in Jharkhand for an area of 635.986 hectares. Now, [...]
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Steel Authority of India Limited is expecting the domestic demand for the metal to grow by 7% to 8%in 2013 SAIL Chairman Mr CS Verma said the demand for the first four months of the current calendar year, YoY basis globally, even in China, even in India, it is better than the corresponding period of [...]
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The absence of iron-ore linkage has forced India’s JSW Steel to delay its $6.43-billion, 10-million-ton-a-year steel project in the east province of West Bengal. According to a company official, the project had been stalled since there was no progress in securing iron-ore supply commitments, with the official saying that the project would not be stalled [...]
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The Steel Ministry has asked the two PSUs to focus on improving profitability. Official sources said that “In view of reduction in profit, all PSUs/units have been advised to focus on operating as well as non-operating areas to improve the profitability of the companies.” Though financial results of the two steel PSUs for the January-March [...]
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