Speciality steel is an area where more needs to be done, says Steel Secretary Sandeep Poundrik

UK government gives a series of offers to the company

The Naveen Jindal-owned business house already has a significant presence in geographies like Australia, Mozambique and Oman in sectors such as steel, power and mining

Bouncing back from Monday's (November 4) sharp fall, the BSE Sensex jumped 694.39 points or 0.88% to settle at 79,476.63

After Prime Minister Narendra Modi accused the Congress government of collecting ₹700 crore from excise sources to fund the Maharashtra elections, it was the turn of N. Cheluvarayaswamy

“The total income decreased to ₹39,837 crore in the second quarter of the current fiscal as against ₹44,821 crore a year ago,” JSW Steel said in a regulatory filing

Indian steel exports rose to 0.44 million tonnes in October, while imports moderated for the first time this year to 0.98 million tonnes as India tightened import norms

oOur projects are moving at the right pace, says TV Narendran

They say they have been facing problems in managing houses; trade union is planning a protest at Old Gajuwaka Junction on November 10

They take to the streets to protest against the government and plant management for failing to credit salaries into their accounts on time

We will oppose the privatisation of VSP tooth and nail, they say

Tata Steel is in the process of filing a curative petition in the Supreme Court in connection with the apex court ruling which said that states have the power to levy cess on mining and mineral-use activities. The petition by the steel manufacturing firm is aimed at seeking remedy to the order, passed by a 9-judge Constitution Bench of the Supreme Court on July 25. However, Tata Steel's managing director and chief executive officer T V Narendran told Business Standard that there was no demand note on the firm.

Company: P & I Management Consultants
Experience: 0 to 50
location: India
Ref: 24341084
Summary: Job Description: New Product & Process Development Engineer/Project Manager-Ludhiana must have: 1. Knowledge and ability to develop new products and process of hot forged Steel and Alloy components 2. Knowledge and ability to....

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation through differential technologies, SME’s role, demand assessments, competitiveness, pricing and export strategies.

As the NBA begins to allow practice facilities to reopen on a team-by-team basis, with state and local rules regarding reopening dictate which teams can welcome players back, one NFL coach wants his league to take a different approach when pro football gets back to work.

The outlook for the global steel market has become more uncertain, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 5-6 2011 . Policies to support open markets for raw materials are key, they said.

OECD Steel Committee Statement

Statement from Risaburo Nezu, Chairman of the OECD Steel Committee, Paris, 6 June 2014

This publication reports on trends in the steelmaking capacity of economies that are not members of the OECD. It examines existing capacity and investments that will lead to changes by 2014, with detailed tables on equipment, starting dates of planned projects, and works ownership.

Steel is one of the most widely produced industrial products in the world, and the sector depends heavily on a range of raw materials for its production. The aim of this workshop was to better understand the impacts of trade-restrictive raw material policies on the global steel industry and to explore policy approaches that would improve the longer-term efficiency and functioning of these markets.

Excess capacity in steel as growth in investment projects outpaces demand will pose risks for the sector for the foreseeable future, according to industry and government officials at the OECD’s Steel Committee meeting in Cape Town on 12 December 2014. The risk of trade conflicts in the industry also appears to have increased of late, they said, and Committee members discussed options for closer co-operation to try and prevent disputes.

This paper examines the extent, reasons and impacts of excess capacity in the global steel industry, as well as the implications of new investment projects that continue to take place at a rapid pace in many parts of the world. By focusing on new investment projects, this study intends to help governments and industry better understand the extent to which global steelmaking excess capacity may evolve in the future.

Chairman's statement of the OECD Steel Committee's 78th session, Paris, 11-12 May 2015.

Immediate action is needed to address the challenge of excess global steel capacity, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 30 November and 1 December 2015.

Concerns have been raised about the current health of the steel industry, amidst a context of global excess steelmaking capacity. This paper shows that, notwithstanding considerable firm-level heterogeneity, the steel industry’s financial situation is on average weaker than it has been in years, worse than during the last steel crisis of the late 1990s.

A High-Level Meeting on excess capacity and structural adjustment in the steel sector was convened on 18 April 2016, at the Palais d’Egmont in Brussels, co-organised by the OECD and the Belgian government.

The global steel industry continues to face difficult conditions due to excess capacity, weak global demand and growing trade tensions, the OECD Steel Committee said after meeting this week. While global steel trade remains relatively robust, there has been a sharp increase in steel trade actions by governments, it said, noting that trade actions should respect international obligations.

There are signs of a modest return to growth in global steel demand and production and a price recovery from the lows of 2015, yet these trends could turn out to be temporary, the OECD Steel Committee said after meeting this week. Considerable structural imbalances remain unaddressed in the steel sector, it said, reiterating the urgency of tackling persistently high excess capacity.

A modest recovery is under way in the global steel market but structural imbalances remain acute amid sluggish demand growth expected in the long-term demand, the OECD Steel Committee said at the end of its meeting this week.

The OECD welcomes the outcomes of today's Ministerial meeting of the Global Forum on Steel Excess Capacity, and congratulates Germany on this important achievement on the last day of its G20 Presidency. The Global Forum was created by G20 Leaders, at their Hangzhou summit in September of last year. The OECD is honoured to be serving the Global Forum as its Facilitator and to contribute to its achievements to date.

This document provides an overview of recent steel market developments, as well as additional information about financial vulnerabilities, the latest developments in global steelmaking capacity and a brief overview of developments in selected downstream sectors.

The OECD Secretary-General Angel Gurría called on the governments of steel-producing economies to address the root causes of today’s steel crisis through multilateral approaches, and in particular through the Global Forum on Steel Excess Capacity.

The OECD Steel Committee Chair statement was issued today by Lieven Top, Chairman of the OECD Steel Committee, following a meeting of the Committee in Paris on March 5-6, 2018.

The Steel Committee held in-depth discussions on global and regional steel market conditions, steel trade policy developments, the continuing challenge of excess capacity, technological developments contributing to sustainable practices in the steel sector, and OECD work on subsidies and other forms of government support that contribute to excess capacity in the steel sector.

Low growth prospects for the global economy, slowing demand for steel and virtually unchanged steelmaking capacity are driving severe and persistent excess capacity in the steel sector, the OECD Steel Committee said at the end of its meeting this week. The Committee reiterated the need for capacity reductions in relevant economies and for the removal of subsidies and other support measures that are distorting steel markets.

Governments participating in the OECD Steel Committee consider excess capacity as being one of the main challenges facing the global steel sector today. This data portal makes data on steel projects in OECD countries fully accessible for the first time.

At its 26-27 September 2019 session the Steel Committee held in-depth discussions on challenges facing the global steel industry and policy approaches to encourage adjustment and ensure a level playing field in the sector.

2

The application has been filed on the ground of urgency that the special leave petition filed in the Supreme Court cannot be taken up immediately.

In view of the present situation, the time to comply with the order passed by the Trial Court is extended till June 30, 2020. However, this order will not be a charter for the applicant to continue manufacturing its products. Indeed, it is submitted on behalf of the applicant that no manufacturing activity is being undertaken in the present situation.

G. A. 804 of 2020 is disposed of without prejudice to the rights and contentions of the parties thereto.

The dispute in this appeal relates to valuation under the Customs Act, 1962 of import of certain items made by the respondent Steel Authority of India Ltd. (SAIL) under two contracts, bearing nos. PUR/PC/MOD/08.01/Pt.II dated 31.10.1989 and PUR/PC/MOD/08.01/Pt-I dated 29th March 1990. These imports were made in connection with modernisation, expansion and modification 1 for their plant at Durgapur in West Bengal. For this purpose, SAIL had floated seven Global Tender Contract Packages. The two contracts were part of these Tender Contract Packages. They were registered with the customs authorities for the purpose of project import benefits in terms of the 1962 Act. The first contract involved in this appeal was with a consortium consisting of a German Company, Hoestemberghe & Kluisch, GMBH and H & K Rolling Mills Engineering Private Limited, an Indian Corporate entity. The second contract was also with a German Company, Siempelkamp Pressen Systeme and the Indian entity was Escon Consultants Private Ltd, with whom the consortium was formed. Both these contracts were in connection with modernisation of SAIL’s rolling mills at the aforesaid plant.

This isn't quite the way Anthony McFarland expected his NFL career to begin. Pittsburgh's fourth-round draft pick is doing what he can to keep up during the first - and the NFL hopes only - ''virtual'' offseason amid the COVID-19 pandemic. Sure, he'd rather be at the Steelers' practice facility with the rest of the newcomers.

The Confederation of Real Estate Developers' Association of India (Credai) has written to Housing and Urban Affairs minister Hardeep Puri and Commerce

The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter

Globally, up to 27% of all steel and 33% of all aluminium could potentially be reused, according to research. Significant barriers to reuse, such as component incompatibility between products and metal corrosion, must first be addressed if these reuse figures are to be achieved.

The post Australian expertise drives Nigerian steel project appeared first on The Lead SA.

The Freezycup popsicle mold makes it easy to make your own frozen treats without using a bit of plastic. It's a great product, if a bit pricey.

New Integrated Control Center (ICC) for controlling and monitoring the entire continuous casting plant

･ High-efficiency power generating units built on M701S (DA) X series gas turbines effectively utilize steelworks gas emissions ･ Third order from Baotou Steel Group, reflecting strong confidence of MHPS' technology