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Steel (10 unread)
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India's steel needs spell less iron ore for China
Posted: March 11th, 2010, 4:22am EST
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India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling for a steep hike in term prices, if not scrap them. -
Tatas scout for ally to revive Corus unit
Posted: March 10th, 2010, 3:15pm EST
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Corus has been considering various options, including bringing in a strategic partner, because the workforce has been opposing the move to mothball the plant as it could affect around 1,600 jobs. -
SAIL to increase capacity to 26 mtpa by 2014
Posted: March 10th, 2010, 5:04am EST
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State-owned steel maker SAIL on Wednesday said it will increase its annual production capacity in a phased manner, taking it to 26 million tonnes by 2014. -
Steel prices may rise next fiscal on high input costs, demand
Posted: March 10th, 2010, 4:01am EST
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Steel prices in the country are set to go up on account of rising input costs and demand for the commodity, an industry expert said. -
Trouble for Posco: Church joins villagers in opposing Rs 50,000 crore steel plant
Posted: March 9th, 2010, 10:52pm EST
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“We oppose anything that threatens to displace thousands, destroy forests, pollute environment and deprive people of their traditional livelihood. -
Essar Group plans $8 billion UK listing
Posted: March 7th, 2010, 2:00pm EST
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The listing could make Essar the first Indian company to enter UK’s main mkt since Vedanta Resources forayed 7 yrs ago. Developments that investors need to track
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Tata Steel Apr-Feb sales up 22% to 5.54mt
Posted: March 6th, 2010, 4:19am EST
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Tata Steel today said it has sold 22 per cent more steel at 5.54 million tonne during the April-February period against a year ago on account of steady rise in demand for products. -
Steel cos see double-digit growth
Posted: March 5th, 2010, 2:40pm EST
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India’s top private steelmakers including Essar and JSW posted double-digit growth in sales volume with Ispat Industries’ sales rocketing 70% in February 2010, over the year ago period, backed by robust demand from automobile and infrastructure sectors. -
NMDC to invest upto $3.9 bn in 2nd steel plant
Posted: March 5th, 2010, 10:00am EST
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India's top iron ore miner NMDC is planning to set up a 2-million tonne steel plant in the Southern Karnataka state with an estimated investment of 160-180 billion rupees ($3.5 billion-$3.9 billion), a senior company official said. -
Severstal approaches Tata, Arcelor to sell Italian unit
Posted: March 4th, 2010, 2:30pm EST
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OAO Severstal, Russia's largest steelmaker, is planning to sell one of its units in Italy and has reportedly approached Tata Steel and ArcelorMittal, according to international media reports on Thursday.