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JSW STEEL SEEKS IRON ORE MINE IN KARNATAKA

Jindal South West Steel Limited (JSW Steel Ltd), the flagship company of the JSW Group, is seeking allotment of a captive iron ore mine in the iron ore-rich Bellary-Hospet region of north Karnataka. The company has applied to the state government and is waiting for the grant of the mining lease. The company currently procures iron ore from the [...]

India’s September Iron-Ore Exports Probably Fell 25%

By Debarati Roy   (Bloomberg) -- India’s iron-ore exports probably fell 25 percent in the first two weeks of this month because of increasing royalty and transportation charges and lower demand from China, a mineral industry group said.   Overseas sales may have declined 15 percent in August from a year earlier, Siddharth Rungta, [...]

Indian Steel Industry

World crude steel production declined from 1,344 mn tonnes in CY 2007 to 1,329 mn tonnes in CY 2008�China continues to dominate Global Scenario World�s crude steel production has reached a level of 1,329 mn tonnes in CY 2008 but declined by 1.1% on YoY basis. During the period CY 2001-2008, the world crude steel production has grown at a [...]

World steel demand to recover driven by emerging mkts: Mittal

LONDON: The world's largest steel maker, ArcelorMittal, sees global steel demand returning to about a 5 per cent growth rate after the crisis is  over led by emerging markets, including India, which holds significant potential.   "Driven by emerging market, world steel demand will return to a three to five per cent growth trend post [...]

First signs of Indian iron ore spot price recovery appear

The spot prices of Indian iron ore fines, after crashing by 25 to 30% depending on different grades during August 14th to September 11th and remaining stagnant last week, have finally come out of the slump on September 15th 2009. Iron ore spot prices in China rose slightly on September 15th 2009 backed by increased demand from steel mills as [...]

Abu Dhabi to invite power project bids by year end

Monday, 08 Jun 2009 Reuters reported that Abu Dhabi will be inviting international companies to bid for its ninth independent water and power project the Taweelah C project, by year end at the latest. Mr Abdulla Saif Al-Nuami director of privatization at the Abu Dhabi Water & Electricity Authority said that the request for proposals will be [...]

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