Steel Guru

Orissa state committee raps two steel companies

Mohan Sharma — Wed, 17 Aug 2011 05:44:31 +0000

ToI reported that Orissa state assembly standing committee has asked two steel companies Bhusan Steel and Energy Limited and BRG Iron and Steel Co to submit reports within three months on their status of recruitment, plantation, pollution control measures and peripheral development work in the

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POSCO war zone – Landloser push to POSCO work

Mohan Sharma — Wed, 17 Aug 2011 05:43:06 +0000

The Telegrapgh reported that POSCO project work progressed unhindered with cooperation from some sections of the landlosers.

Tree felling, both under forest classified and fruit bearing categories, went on while majority of people were still opposed to the project work over non fulfilment

Atlanta bags INR 9 billion highway project in Bohar

Mohan Sharma — Wed, 17 Aug 2011 05:42:28 +0000

Atlanta has secured single order of INR 9.17 billion from government of Bihar. This project envisages four laning of Mohania – Ara section of National Highway No 30 on DBFOT Toll basis for a length of 116.76 Kms connecting Patna and Durgavati via Dinara and Hisadi Bazar.

The project is

Tenaris strengthens relations with Sonatrach Tenaris held its…

Mohan Sharma — Wed, 17 Aug 2011 05:41:51 +0000

Tenaris strengthens relations with Sonatrach

Tenaris held its first technical forum for customer Sonatrach, Algeria’s national oil company, in June 2011. With this event, Tenaris looked to present its oilfield technologies and related services while further strengthening its ties with Sonatrach.

The forum was organized in Hassi

MODON sign SAR 250 million deal for Dammam third industrial city

Mohan Sharma — Wed, 17 Aug 2011 05:40:06 +0000

Mr Abdullah Zainal Alireza minister of commerce and industry and chairman of the board of directors of MODON signed a contract worth SAR 250 million to develop Dammam’s third Industrial City.

The 48 million square meter area of the industrial city is located south of Dammam on Abqaiq road,

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Murchison announces delays at Jack Hills

Mohan Sharma — Mon, 08 Nov 2010 06:57:09 +0000

AAP reported that Iron ore miner Murchison Metals Ltd has announced delays at its Jack Hills expansion project and other works.

Murchison said there had been delays that had blown out the timeframe for the works. It said “Implementation agreements being negotiated with the state government and supply chain agreement negotiations with foundation customers will not be completed in the current quarter as originally scheduled.”

Murchison said completion of bankable feasibility studies for the expansion project and the Oakajee Port and Rail projects were now expected to be completed in the second quarter of 2011.

The company had previously expected the feasibility studies to be completed before the end of calendar 2010.

A final investment decision for the works was now expected in late 2011 or early 2012 and the first shipment through Oakajee Port is expected late in 2014 or early 2015 rather than early 2014.

Murchison is a 50% shareholder in Crosslands Resources Ltd which owns the Jack Hills iron ore project in Western Australia mid west region. Mitsubishi Development Pty Ltd owns the remaining 50% of Crosslands.

(Sourced from steelguru.com)

OneSteel takes action to contain welding fumes

Mohan Sharma — Mon, 08 Nov 2010 06:49:16 +0000

It is reported that OneSteel Reinforcing has taken action to its Sydney plant to ensure containment of welding fumes on a process line.

The Revesby site produces galvanized wire mesh for commercial, residential and civil construction.

OneSteel consulted Donaldson Australasia to design

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HSL launches tug for Vizag Port

Mohan Sharma — Mon, 08 Nov 2010 06:45:27 +0000

The 50 tonne bollard pull tug, MT Col H Cart Wright Reid for Visakhapatnam Port Trust was launched from the Hindusthan Shipyard Ltd’s berth no 3.

As per report it was launched by Mr GVL Satyakumar deputy chairman of Visakhapatnam port trust.

The length of the tug is 33.50 meters,

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China Cosco returns to profit in Q3 2010

Mohan Sharma — Mon, 01 Nov 2010 06:22:31 +0000

It is reported that China COSCO Holdings posted third quarter net profit of CNY 2.11 billion compared with a net loss of CNY 710 million in the same period last year.

Third quarter operating revenue rose 34.18%YoY to CNY 21.55 billion with earnings per share of CNY 0.2. For the first nine

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Yuan could move 3pct to 5pct a year – Mr Li Daokui

Mohan Sharma — Mon, 01 Nov 2010 06:21:04 +0000

China Daily citing Mr Li Daokui central bank adviser said China can afford a yuan appreciation of 3% to 5% annually, but he expressed concern that the US Senate might back a trade sanction bill that would increase pressure on a faster yuan revaluation.

Mr Li said “Based on historical

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