July 10, 2012 | Posted by Bureau
 Small steel manufacturers may find it extremely difficult to meet the new quality standards for steel that have been drawn up by the government’s Bureau of Indian Standards (BIS) says KK Garg, president of the All India Induction Furnace Association (AIIFA). He believes that a secondary steel player, particularly those using the induction furnace method, [...]
Categories: News | 
Tags: Bureau of Indian Standards (BIS), scrap steel, sponge iron, steel manufacturers, steel player, steel producers | 
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July 2, 2012 | Posted by Bureau
 The combined effect of weak demand from long steel manufacturers and lack of a steady supply of iron ore have impacted the steel billet industry, forcing manufacturers to reduce prices or regulate production. Billets are a semi-finished, long steel product, mainly sold by smaller steel plants to larger ones for producing steel meant for construction. [...]
Categories: News | Tags: long steel product, Odisha Steel Federation, sponge iron, statutory clearances, steel billet | No Comments »
June 28, 2012 | Posted by Bureau
 The battle to take control of Orissa Sponge, currently promoted by the Mohanty family, has revived after a gap of three years with Bhushan Steel, promoted by Brij Bhushan Singal and Neeraj Singal, once again making their open offer to acquire up to 20% additional stake at a price of Rs 360 a share. Two [...]
Categories: News | Tags: acquisition, Bhushan Power, Bhushan Steel, Monnet Ispat, Orissa Sponge, sponge iron | No Comments »
