May 13, 2008
Indian steel sector announces 31 million tonne CAPEX in Q4 of 2007-08
ASSOCHAM Investment Meter report said Indian steel majors have lined up
investments of as much as INR 892.4 billion during January to march 2008
to fund their capacity expansion plans totaling 31 million tonnes of steel
projects.
The...
NLMK completes the acquisition of international steel trading companies
Novolipetsk Steel announced that its 100% owned subsidiary, NLMK
International BV has completed the acquisition of 100% in Novexco Limited
and 100% of Novex Trading SA, both trading companies, from the United
Steel Group for EUR 77.1 million.
Sumitomo plans to revise domestic pricing of seamless pipes
Sumitomo Metal Industries Ltd announced that it has begun negotiations to
revise domestic pricing of seamless pipes for all domestic customers.
The revision will apply to all domestic customers spot sales and long term
contracts of...
Shougang put CR complex into production at Shunyi
It is reported that cold rolled steel production line of Shougang put into
production on May 10th 2008 in Shunyi direct of Beijing.
The total investment of the project was CNY 6.4 billion and the total
capacity is 1.5 million tonnes...
Mechel announces acquisition of new coal processing equipment at its Yakutugol
Mechel OAO announced that its Yakutugol OAO coal mining subsidiary has
acquired new equipment for its Neryungri Coal Processing Plant in line
with its capital expenditure program.
The acquisition of the US manufactured Artrita coal...
Jindal Stainless to set up JV with PT Antam
It is reported that Jindal Stainless and PT Antam TBK has signed a 45:55 JV
agreement to develop a nickel smelting and stainless steel facility in
North Konawe.
Initially, the project will have a capacity of around 20,000 tonnes per...
