Iron And Steel Industry

  • Green laws mooted in steel sector

    IN A BID to offset the ever-increasing coking coal prices and widening the gap between demand and supply, industry body, Assocham, has submitted a proposal to encourage new green technologies used in steel production with a view to reduce costs and carbon emissions while improving productivity.

  • Ispat may Buy 26% in JSWs Ratnagiri Project

    Proposed transaction in JSW Energy will be for about . 100 cr Ispat Industries, the Dolvibased steelmaker that was acquired by Sajjan Jindal

  • Play by the rules

    Play by the rules

    Is the sponge iron industry listening?

  • Hard tech

    Hard tech

    New technology to develop steel is on the forge

  • Merchants get more mines than steel firms

    Merchant miners have got almost double the number of iron ore mines than steel makers between 2001 and 2007, which the metal manufacturers think is not in the national interest. Out of 260 iron ore mines, for which the ministry has approved mineral concessions during the period, 172 went to merchant miners, according to information available on the website of the Ministry of Mines. Merchant miners were acquiring these mines mainly for export purposes, without adding value.

  • Leveraging natural iron-ore key to steel sector growth

    THEglobal steel sector is passing through a phase of extraordinary growth due to all round growth in steel demand led by China and India. International Iron & Steel Institute's (IISI) provisional report shows that the world crude steel production has increased from 1,250 million tonne in 2006 to 1,343 million tonne in 2007. China, with 489 mt of crude steel production, continues to be the largest steel producer in the world, whereas India with 53.1 mt now ranks fifth, up from its eighth rank in 2003. Steel consumption in India is presently growing at nearly 12% and keeping in view the anticipated growth in infrastructure and manufacturing sectors, the demand is further likely to grow by 14-16% during the next few years. During the current year, between April-December 2007, the domestic steel demand has grown at 12.2% over the same period of previous year. However, production has grown at 6.6% in April

  • Sinosteel project to start in April

    SINOSTEEL, the $16-billion state-owned Chinese steel major, will start work on its proposed unit in West Bengal in April. The new unit due to come up in the port town of Haldia will be Sinosteel's first manufacturing presence in India. Sinosteel, which plans an investment of Rs 200 crore, will manufacture cold forged steel rolls used in cold rolling mills. "Construction work on our plant in West Bengal will start from April. We have got possession of 30 acres at Haldia on which the plant will come up. We have already placed orders for equipment which will be shipped from China,' Sinosteel India MD Hangseng Wang said. He is in the city to attend a steel seminar. The meet will focus on bringing steel and allied sectors of China and India closer. The Haldia unit will have a capacity of 5,000 tonne and will meet one-third of the requirements in the Indian steel industry. The investment in West Bengal is a part of the $2-billion package being readied by Sinosteel for stepping up its manufacturing presence in India. As part of this project, Sinosteel had signed an MoU last year with the Jharkhand government for a 2-million tonne (mt) integrated steel plant. "All necessary approvals from external affairs, finance and steel ministry have come through. We would like to start work as soon as we get the land,' Mr Wang said. Sinosteel, which is into mining, design and manufacturing of steel plant equipment, has been involved in construction of almost all major plants in China. The proposed project is likely to come up in Silli-Chandil area near Ranchi. Sinosteel is looking at 300 mt of iron ore reserves for which the company will apply for a mining lease. "However, we will not wait for getting a mining lease before we start our operations. Instead, we will stick to our schedule. If necessary, we would source iron ore from private mines in and around the area,' Mr Wang added. China, which produced 489 mt of steel in 2007, is the largest steel producer in the world. "We can do a lot for the fast growing Indian steel industry,' Mr Wang added.

  • Unions oppose land acquisition

    The unions of public sector units are opposed to entrusting land belonging to AP Steel Factory to private agencies for developing it. The land is located in Paloncha town and several private companies vied for it. It is valued at over Rs 100 crore. The workers union of Sponge Iron India Limited has been demanding that the government allocate the land for the expansion of Sponge Iron India Limited. Andhra Pradesh Industrial Infrastructure Development Corporation acquired the land in survey numbers 442, 443, 444 in Paloncha to set up a steel factory when Jalagam Vengala Rao was the chief minister. SIIL Officers Union leader K. Gopi Krishna said that the Central government is making efforts to merge the SIIL with National Mineral Development Corporation. He said additional land would be needed for the expansion of SIIL after merging it with NMDC. "Thousands of jobs would be created with the expansion,' he said. SIIL has sent proposals for setting up another sponge iron unit with a capacity of two lakh tonnes at a cost of Rs 320 crore, a captive power plant with a capacity of 45mw, induction furnace and casting machine to the government for ratification. SIIL was incurring losses till 2002 and has been earning profits for the last four years. Because of the development, NMDC planned to merge it and expand it. The increasing demand for sponge iron is also one of the reasons for the expansion of SIIL. SIIL Supervisors Association president D. Chennamallu said, "The workers wanted to shape Paloncha into a steel town by expanding SIIL.' He said the unions would oppose any gesture of handing over the land to real estate companies. Indian National Trade Union Congress leader Shaik Jaleel said the unions decided to submit a memorandum on the issue to the Chief Minister soon in Hyderabad. "The SIIL would get a boost if the land is given for expansion,' he said.

  • Chhattisgarh acquires 1,000 hectares for Tatas in Bastar

    The Chhattisgarh government has acquired land from more than 1,000 people in the Lohandiguda block of Bastar district to facilitate Tata Steel build its greenfield integrated steel plant in the distri

  • Nayachar hope on Paswan lips

    The Centre could give its consent to the proposed Nayachar chemical hub in two to three months. Union minister Ram Vilas Paswan said an expert panel was examining the proposal sent by Bengal.

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