(The effort put has borne fruit !!. Yes, now Google Search is fetching results on the first page when we type "SAILSteelNews" as a search text)
Italy has launched a tender to find a buyer for the Ilva steel works, one of the most polluting industrial sites in Europe, giving national and international shoppers a month to make their offers. Italy's Marcegaglia, Arvedi and Amenduni, Switzerland based Duferco, and ArcelorMittal, the world's largest steel producer, are all potentially interested in the plant in the southern city of Taranto. (Source – Steelonthenet)
Export prices for Chinese cold rolled coil have climbed since the start of the New Year, driven by rapid rises in domestic CRC prices. On Tuesday, Platts assessed 1.0mm thick CRC at US$ 320-330/T FOB China, up by US$ 12.5/T from a week earlier. In China’s domestic market Tuesday, Platts assessed same-grade CRC at US$ 405-422/T in Shanghai, up by US$ 15/T from early last week. (Source - SBB, London)
Chinese offers for billet exports into Turkey and the Middle East rose by US$ 15/T over the first two trading days of 2016, with prices at US$ 245/T FOB China from US$ 230/T at the end of 2015. The rise in Chinese billet offers came following a rise in raw material costs including iron ore, with the Platts IODEX assessment stabilising at above US$ 42/T CFR China over the past week. As per analysts, prices would continue to rise as Chinese domestic demand strengthened. (Source - SBB, London)
The Government has removed the 5% export duty on iron ore pellets as it meets yet another demand of steel and mining sector companies reeling under low demand and weak prices. The step is expected to benefit pellet makers, which includes top miners, as well as leading steel players. The 5% export duty on iron ore pellets was imposed in 2014. (Source - Metal Junction)
Bokaro will get its third greenfield steel plant, construction for which has begun in the Balidih Industrial Area. BMW Industries Limited, owned by Kolkata-based industrialist RG Bansal, will install a 0.5 MTpa capacity steel plant on the land allotted by the Bokaro Industrial Area Development Authourity. The project has started initially with a budget of Rs 300 crore. It will primarily produce TMT and other steel products. (Source - Press Reports)
Jindal Shadeed Iron & Steel, a wholly-owned subsidiary of JSPL will start operations soon at its giant steel reinforcing bar (rebar) mill in Oman. The sultanate’s largest rebar mill, which boasts a 1.4 MTpa capacity, is the latest addition to the expanding integrated steel complex of Jindal Shadeed Iron & Steel at Sohar Port. (Source - Press Reports)
Italy has launched a tender to find a buyer for the Ilva steel works, one of the most polluting industrial sites in Europe, giving national and international shoppers a month to make their offers. Italy's Marcegaglia, Arvedi and Amenduni, Switzerland based Duferco, and ArcelorMittal, the world's largest steel producer, are all potentially interested in the plant in the southern city of Taranto. (Source – Steelonthenet)
Export prices for Chinese cold rolled coil have climbed since the start of the New Year, driven by rapid rises in domestic CRC prices. On Tuesday, Platts assessed 1.0mm thick CRC at US$ 320-330/T FOB China, up by US$ 12.5/T from a week earlier. In China’s domestic market Tuesday, Platts assessed same-grade CRC at US$ 405-422/T in Shanghai, up by US$ 15/T from early last week. (Source - SBB, London)
Chinese offers for billet exports into Turkey and the Middle East rose by US$ 15/T over the first two trading days of 2016, with prices at US$ 245/T FOB China from US$ 230/T at the end of 2015. The rise in Chinese billet offers came following a rise in raw material costs including iron ore, with the Platts IODEX assessment stabilising at above US$ 42/T CFR China over the past week. As per analysts, prices would continue to rise as Chinese domestic demand strengthened. (Source - SBB, London)
The Government has removed the 5% export duty on iron ore pellets as it meets yet another demand of steel and mining sector companies reeling under low demand and weak prices. The step is expected to benefit pellet makers, which includes top miners, as well as leading steel players. The 5% export duty on iron ore pellets was imposed in 2014. (Source - Metal Junction)
Bokaro will get its third greenfield steel plant, construction for which has begun in the Balidih Industrial Area. BMW Industries Limited, owned by Kolkata-based industrialist RG Bansal, will install a 0.5 MTpa capacity steel plant on the land allotted by the Bokaro Industrial Area Development Authourity. The project has started initially with a budget of Rs 300 crore. It will primarily produce TMT and other steel products. (Source - Press Reports)
Jindal Shadeed Iron & Steel, a wholly-owned subsidiary of JSPL will start operations soon at its giant steel reinforcing bar (rebar) mill in Oman. The sultanate’s largest rebar mill, which boasts a 1.4 MTpa capacity, is the latest addition to the expanding integrated steel complex of Jindal Shadeed Iron & Steel at Sohar Port. (Source - Press Reports)
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