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India Budget generally positive for steel
May 08, 2012
The Indian Minister of Finance presenting the annual Budget for FY2012-13 proposes to increase the import duty on non alloy flat rolled steel to 7.5% from the present 5%.
Krakatau to build BF
May 08, 2012
PT Krakatau Steel, Indonesia’s largest steelmaker is to go ahead with the building of a blast furnace this year at a cost of $601M despite total profits falling 3.6% to Rp 1.02tr (US$111.18M) and operating profits crashing 65% to Rp358bn on rising costs of inputs.
Vizag to gain captive ore mine
May 08, 2012
Visakhaptnam steel plant – operated by State Owned Rashtriya Ispat Nigam Ltd, is to be allocated ore mining rights in Andhra Pradesh, according to the State’s Chief Minister.
Vulcraft-Texas And Nucor Steel-Berkeley Receive Environmental Awards
May 07, 2012
Vulcraft-Texas and their customer, Century Industrial Coatings have been honoured with the 2012 Texas Environmental Excellence Award for reducing VOC emissions.
OneSteel exits tube business
May 07, 2012
Australia’s OneSteel has decided to exit the production of oil and gas pipe as it continues the restructuring of its long products business.
Indian Steel Minister calls for 10% import duty
May 07, 2012