Tata Steel is to construct a new 15-million pound vacuum induction melting (VIM) furnace at its South Yorkshire plant in the UK by 2015. The furnace is to develop innovative products for aerospace industry and tap new market opportunities. The furnace will enable the firm to increase its supply of high-purity steel to the aerospace industry.
Category: Materials
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Indian steel output growth lower than world average
In September, India's steel production growth fell short of the world average with the country clocking 4.7 per cent growth compared to the world average of 6.1 per cent. The World Steel Association (WSA) said India's steel output grew to 6.54 million tonne (mt) in September from 6.24 mt during the same month last year.
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Rashtriya Ispat to invest Rs 60,000 cr to up capacity
To triple its capacity to 20 million tonne by 2027, the government-owned steelmaker Rashtriya Ispat Nigam (RINL) or Vizag Steel in Visakhapatnam/Vizag is planning to invest Rs 60,000 crore. RINL is in the process of stabilising new units under the current phase of expansion that got delayed by over a year following an accident at its Vizag plant.
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Steel makers in India told to produce high-grade products
Steel makers in India should adopt technologies for producing high-grade steels and avoid costly imports, said the Union Minister for Steel Beni Prasad Verma on September 4 in Delhi at a CII-organised event. India had imported 8 million tonne steel in the 2012-13 fiscal, up from 6.83 million tonne in 2011-12, and 6.66 million tonne in 2010-11.
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Tata Steel hopes to raise sales in FY14
Tata Steel, which sold 7.5 million tonne of steel in 2012-13, plans to raise the sale to 8.5 million tonne in the current financial year, which is a growth of around 13.3 per cent. The company is hopeful of raising sales in the current fiscal as it expects increase in demand following the monsoon season. During Apr-Jun 2013, the firm posted a year-on-year sales growth of 26 per
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The Chevening Scholar
Tata BlueScope Steel has appointed Riten Choudhury as the Managing Director effective from 1 September 2013. Prior to this appointment, Choudhury was Vice President of the Building Products business of Tata BlueScope Steel since 2010
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Board asks Bhushan Steel to comply with norms
The Odisha State Pollution Control Board (SPCB) asked
Bhushan Steel to comply with environmental norms in order to avoid closure of its 3.1 million tonne per annum steel plant in Dhenkanal district. Earlier, the board found that the company failed in the management of the process effluent and surface runoff gene
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SAIL invests Rs 421 bn on capacity expansion plan
Till July 2013, state-run firm Steel Authority of India (SAIL) invested Rs 42,101 crore out of the proposed Rs 61,870 crore it plans to spend on modernisation and expansion of its existing facilities. Through this investment, the company plans to raise its crude steel production capacity to 21.4 million tonne per annum (mn tpa) from 12.8 mn tpa now
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India consumed 17.80 mn t steel during April-June: Govt
India had a steel stock of 1.824 million tonne after real consumption of 73.33 million toone by the end of 2012-13, said the Union Minister of Steel Beni Prasad Verma recently. By the end of last June this year, the country had a steel stock of 1.626 million tonne, he added.
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Tata Steel gets nod to use land for its Canada project
To feed its EuropeĂâs plants Tata Steel Minerals Canada (TSML), a joint venture of the Indian steel maker, has secured key permission last week for land use related to its proposed iron ore project in north-eastern Canada.
Toronto-listed New Millennium Iron Corp, Tata SteelĂâs 20 per cent strategic partner, said that TSML signed agreement with the appropriate aboriginal council of the south Labrador for the direct shipping ore (DSO) project.