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July 20, 2008

Chinese News

Shagang to build two sets of large sintering
Steel price keeps increasing in
China denies approval for ArcelorMittal
Chinese April trade surplus up by
Shougang is a leading steelmakers in North
Baosteel produces super high strength heavy
Tiantie Group Q1 steel output up by 32%
Changgang H beam day production crosses 2300
Wuhu Xinxing Ductile sales in EU crosses
China sets up company to build large
China rail traffic returning to normal after
China Railway aims for CNY 200 billion
Earthquake causes Luegang to stop
China working to restore power grid in
Kobe Steel opens new compressor plant in

Indian News

JSW Steel April 2008 crude steel output up
SAIL RSP MD calls for proper industrial
Steel prices in Nepal to surge die to Indian
Mr Ratan Tata among biggest brains in
Orissa CM writes to PM on mining
Vesuvius sees strong refractory market in
Usha Martin embarks on INR 2,100 crore CAPEX
Indian cement makers cut
Graphite India to expand electrode capacity
Gujarat NRE riding coking coal
PGCIL eying overseas business
Patel Engineering bags USD 280 million dam
SKS Logistics to enter inland water
Warana Group forays into power
SJVN conferred with Mini Ratna
Bajaj, Renault and Nissan sign JV for small
Videocon to foray into
Kottayam container depot gets minor port
Jyoti receives turnkey order from Aravali
NTPC Simhadri aiming for 92% load
GAIL India announces 2007-08
BHEL to set up 125 MW IGCC plant in
Jharkhand plans to put wind power
FACT inks pact with Central Warehousing for
GE Shipping earmarks INR 2,385 crore
Winsome Textile’s 3.5 MW hydel project
Financial closure for Srinivasa
Ennore Port may tap capital markets with INR
Indian Railways cut port levy on iron ore
Secondary steel makers cut prices by INR
Lanco Infra consortium wins bid for
IRCON bags USD 1 billion construction deal
NTPC to borrow INR 105,000 crore to meet
India may allow more cement import from
States wheel in green power into their
CDM clearance received for WHRB captive
48 firms show interest in eastern

International News

ArcelorMittal Q1 net up by 5% to USD 2.4
Nucor and Sidenor to form long product
Zinc surges on supply cut fears in China due
ArcelorMittal to hike flat products prices
ThyssenKrupp announces result for
Recession reports - Unlikely to affect steel
ArcelorMittal aiming at 200 million tonne
ArcelorMittal gives positive guidance for Q2
Algoma Steel commissions portable
Malaysian steel exporters to benefit from
MSC Q1 net profit jumps by 135%
Bekaert Q1 trading
NanoSteel appoints Mr Baker to board of
Japanese ferrous scrap export price hits
Solideal to introduce steel
OSAKA and Sumitomo develop new
Moody assign Ca rating to
Flat product prices in US set to rise in
Thermal Imager for high temperature
Caterpillar and Claycrete enter marketing
Andritz buys hydro assets from
Firm rebar price in Tokyo and
Ruukki launches its solution for single
XSTRATA Copper announces AUD 1 per share
EIB to grant EUR 12.5 million loan to Safal
Siemens to supply 140 wind turbines to
Global HRB spot prices eruption
WCI Steel announces raw material
US March steel shipments down by 1.9%
Malaysian domestic tin price breaches USD

Middle East News

Turkish rebar mills to cut production on
Iran to construct Anzali Port in Caspian
Scrap prices pushing Turkish rebar
DP World terminals in India report major
Burj Dubai sets new global record in glass
DEWA signs 6 water and power deals worth USD
Saudi Arab to grant fuel subsidy to Jazan
Veolia seals SAR 240 million water contract
Oman awards major contracts worth USD 1.9
Oman posts 13.1% YoY growth in nominal GDP
Dolphin put on hold further expansions in
Chalco raises cost of Saudi smelter project
Iran inks maritime MoU with
UAE's trade surplus to surge to USD 73
Lucky Cement enters into MoU with Noor
Delta Steel Mills issued a request for
Tuwairqi Steel to be ready by early
PSM raises prices of its
Plan underway for 17,000 MW hydro project in
Abu Dhabi plans to ramp up power output
Saudi Aramco and Total to go ahead with new
Gasco to invest USD 25 billion in gas plants
ISMA calls for activating steel taskforce to

Russian News

Russia may curb pipe imports from
Russia to raise billet export prices to
TMK joins 5th International Exhibition
Russia grants Gazprom 9 major gas field
Kazakhstan industrial growth slows down in 4
Zarubezhneft and PetroVietnam for JV for
Railway workers to get 12% pay raise -
Lukoil 2007 revenue drop by 12.1%
TransContainer elects new

Special Steel News

Use stainless steel rebars for critical
Chinese ferronickel producers reduce
Chinese chrome ore price begins to
Japanese SS scrap export in March dips by
Unipart to use ESAB SS welding

Raw materials and mining News

Baltic Capesize Index hits record
BHPB bid for Rio – BHP could add cash
Vale obtains Japanese financing for project
Chinese coke export prices reach new high in
BHP Billiton announces sale of Optimum
Metso to supply iron ore induration machine
BHPB outlines future growth
US officials clear Patriot Coal purchase of
CPT Brazil bags order for column flotation
Earthquake forces shut down of zinc and lead
Turkey eyeing investments in Pakistani
American Coal lays off 187 workers at
NALCO eying coal mines in
Cleveland Cliffs announces 9 independent
Labrador Iron Mines Holdings permit process
Indian court allows coal handling at MPT
SouthGobi Energy to explore and develop
Pakistan urges for better management of
Cleveland declares dividend on preferred
Exports from Minas Gerais in April grew by
US Coal export in March reaches 5.1 million
Mr Paul named president and COO of Patriot
MHAG hires Mr Nepomuceno as
Xstrata Copper gets approval for molybdenum
Eskom misses winter coal stocks
Drop in iron ore exports hits Kakinada
BEML and CIL form JV for production of OTR
BHPB donates USD 500,000 to support Sichuan
Hunan Nonferrous to increase stake in Abra
Mechel appoints Mr Skulditskiy as MD of

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