Tata Steel has dropped plans to set up a ferrochrome complex at Gopalpur in Odisha but will build a plant with a capacity of 55,000 tonnes at the same place. This unit is scheduled for commissioning by the first week of September.
Tag: Raw material
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The PEB Wave
The shift from in-situ construction to factory-controlled pre-engineered high quality construction has changed the requirement of engineering, materials, and skills for the construction industry.
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Rupee depreciation to hit steel firms
Analysts feel that the depreciation of rupee against the dollar may affect the bottomlines of steel companies further. Already, companies like JSW Steel, Steel Authority of India (SAIL) bore the brunt because of the unfavourable exchange rate. The depreciating rupee may further hurt the cost of production of steel companies in turn affecting their mar
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Capacity utilisation in stainless steel sector declines
NC Mathur, President of the Indian Stainless Steel Development Association (ISSDA) informed that capacity utilisation by domestic stainless steelmakers declined because of poor demand, cheap imports and high raw material price. According to Mathur, domestic players reduced operating capacity by 20 percentage points so far this year. Thus, these players are operating at 45-50 per cen
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JSW Steel chief expects better capacity utilisation
Sajjan Jindal, Chairman and Managing Director of JSW Steel is hopeful that the firm may improve its productivity and capacity utilisation as iron ore mining operation resumes gradually in Karnataka. Jindal said this at the company's Annual General Meeting. The company expects that with the sale of sub-grade ore, the iron ore quality may improve in the coming months and this would enable the firm ramp up capacity utilis
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Odisha govt restricts gram sabhas to 12 villages
Ignoring the suggestion of the union tribal affairs ministry, Odisha government plans to conduct gram sabhas in only 12 villages of Kalahandi and Rayagada districts to decide whether to allow bauxite mining at Niyamgiri hills by Vedanta Group. The state government will conduct gram sabhas on July 18 and August 19. Earlier, the union tribal ministry suggested the state gove
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Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and
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Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and
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Secondary steel firms take hit due to weakening rupee
The cost of imported raw material for secondary steel producers in the country rose owing to the recent sharp depreciation in the Indian currency. Secondary steel producers import steel scrap and coking coal, besides other things. The exchange rate of rupee depreciated up to Rs 60 per dollar thereby raising the imported raw material cost of companies. Some reports indicate that the secondary steel units conc
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JSW may use low-grade ore to overcome shortage
JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron