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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,470 23 apr 2024 17:35
  • 0,000 (0,00%) Dagrange 23,400 - 24,100
  • 3.800.729 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 911 912 913 914 915 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 18 december 2018 19:31
    38th day of demonstration of steel workers at Ahvaz

    The arrest of representatives of Ahvaz Steel workers and protesters, which started last midnight (Sunday, December 16), continued on Monday, December 17. The number of detainees has reached dozens, the names of 31 of whom have been published so far. At the same time, the mullahs’ regime had stationed repressive forces from the Ministry of Intelligence, riot police and forces affiliated with the IRGC and IRGC intelligence in various sensitive locations in Ahvaz so that workers could not continue their protests. However, the workers, despite the fact that they were surrounded by oppressive forces in some places, continued to demonstrate with slogans such as: “Imprisoned workers must be freed”.

    Workers, being threatened by repressive forces, said they would continue their demonstrations until the release of the arrested and achieving their demands.
    Workers and laborers from different parts of Iran, including the Tehran Bus Company workers’ syndicate and truck drivers in various parts of Iran, expressed their solidarity with Ahvaz workers and called for the immediate release of the detainees.

    Saluting the brave and adamant workers of Ahvaz, the Iranian Resistance described the brutal and mass arrests on Sunday night and on Monday as indication of the frustration of religious fascism in the face of the strikes and protests of workers, and called on all workers and youth and students, especially in Ahvaz and Khuzestan, to support the striking workers of Ahvaz. It also called on international human rights and workers' rights advocates and workers’ unions and syndicates in different countries to support the striking workers who are protesting for their basic rights, and to take necessary measures for the release of the arrestees.

    Source : ncr-iran.org
  2. forum rang 10 voda 18 december 2018 19:31
    Tokyo Steel keeps January prices unchanged

    Reuters reported that Japan’s top electric-arc furnace steelmaker Tokyo Steel Manufacturing Co Ltd announced that it will hold steel product prices steady in January amid a weaker overseas market. For January, prices for steel bars, including rebar, will remain at JPY 69,000 a tonne, H Beams at JPY 89,000 and heavy plates at JPY 83,000. The company raised prices for its heavy plates in December by 2.5% but kept prices unchanged for other products

    Tokyo Steel MD Mr Kiyoshi Imamura told reporters “Domestic demand remains firm, but we are keeping product prices steady as the overseas steel market has fallen quite sharply. We expect China’s steel prices are in the bottom range and will start recovering early next year given strong infrastructure demand in the local market.”

    Source : Reuters
  3. forum rang 10 voda 18 december 2018 19:32
    GMS Market Commentary on Shipbreaking in Turkey in Week 50 - LIMPING AWAY!

    The Turkish market suffered another setback this week as local steel plate prices declined further by about USD 15/MT, winding down the week at region USD 290/MT levels. Even though the Turkish Lira has remained steady around the TRY 5.3X mark against the U.S. Dollar, the declining plate prices across consecutive weeks single-handedly dragged local offerings down by about USD 10/MT this week.

    As subcontinent offerings remain comparatively stable this week, the marginally wider price gap with the subcontinent markets will only make it that much harder for Aliaga Recyclers to snag market tonnage opening up in the area.

    If it wasn’t for offshore / green units departing European waters, Turkey would likely have suffered a tonnage drought for much of the last two quarters. As such, we do expect this market to remain quiet for the rest of December (and likely into 2019).

    Source : Strategic Research Institute
  4. forum rang 10 voda 18 december 2018 19:32
    Furnace explosion burns 8 workers in Dhaka

    The Daily Star reported that 8 workers suffered burns in an explosion of a steel melting furnace in Shyampur Industrial area of Dhaka. Liquid metal fell on them during the incident that occurred around 7:00 PM

    The injured -- Mannan, 40, Shah Alam, 28, Al-Amin, 30, Afsar, 35, Latif, 40, Labu, 25, Jahangir, 25, and Aziz, 35 -- were taken to Dhaka Medical College Hospital, said Sub-Inspector Bachchu Mia, in-charge of (DMCH) police outpost.

    Source : The Daily Star
  5. forum rang 10 voda 18 december 2018 19:33
    Shared victory in SmartSteel Innovation Challenge - SSAB

    A shared victory between Fraunhofer Institute IPM from Germany and Luleå University of Technology from Sweden, who both came up with ideas on how to trace steel products by using the materials own characteristics. That was the result of the SmartSteel Innovation Challenge 2018. The SmartSteel Innovation Challenge was launched in September as a mutual initiative from Sandvik Materials Technology and SSAB. The idea was to use open innovation in order to find new ways to create future fingerprints for steel products.

    The challenge attracted 26 applications in total, of which seven finalists were selected to pitch their ideas to an expert jury in the final round in Stockholm in December. The teams came from across the world, with representatives from South Africa, Sweden, Germany and Finland.

    In the end, the jury decided on two winners, who came up with similar ideas, both very much in line with the SmartSteel vision. The winning teams were Fraunhofer Institute for Physical Measurement Techniques IPM from Germany and Luleå University of Technology from Sweden.

    The challenge is part of the SmartSteel project, initiated within the Swedish national strategic innovation programs PiiA and Metallic Materials. It was organized together with Nordic innovation consultancy Spinverse, a firm specialized in driving open innovation ecosystems, and turning radical innovations to business.

    The other five finalists were a team of Nortal Oy (Kari Juntunen) and University of Oulu (Jukka Kömi) from Finland; Cajo Technologies Oy (Niko Karsikas) from Finland; Altran Sverige AB (Steve Brown) from Sweden; Mitas Corporation (Kyle Parker) from South Africa and a team of Oulu University (Aki Sorsa) and Tampere University of Technology (Suvi Santa-aho) from Finland.

    Source : Strategic Research Institute
  6. forum rang 10 voda 18 december 2018 19:33
    GMS Market Commentary on Shipbreaking in China in Week 50 - WINDING DOWN!

    As the Chinese ship recycling industry winds down on international tonnage, it was unsurprising to see no deals concluded for yet another week into the only remaining yard that is open for business. Zhoushan yard in the Changjiang area (close to Shanghai) has a very small quota of LDT (less than 2 - 3,000 LDT) left to take in before the year-end and it is unlikely this will be used up or renewed on even smaller LDT green / geographically positioned units.

    Prices remain desperately poor, stranded in the low USD 100s/LDT and as such, even less sophisticated South East Asian scrap yards reportedly hold the edge over China at present.

    Source : Strategic Research Institute
  7. forum rang 10 voda 18 december 2018 19:34
    GMS Market Commentary on Shipbreaking in Bangladesh in Week 50 - NEGATIVE SPIRAL!

    It was a quieter week in terms of new fixtures in Bangladesh, as certain Cash Buyers were frustratingly trying to offload some of their expensive inventory that was concluded during the previous peak of the market – albeit at the far lower offerings of today and much below their breakeven levels. Even though local steel plate prices recorded a marginal improvement this week, their negative spirals endured of late has alarmed Chittagong Buyers sufficiently, to abstain from much of the recent activity.

    Finally, the elections taking place on December 30th are causing some concern locally and despite the fact that there is no change expected to the ruling party, end Users are operating rather nervously when it comes to making offers (especially on the larger LDT units), with only smaller units garnering much of the local interest for the time being, in case there is a surprise outcome in the elections and in light of the ongoing USD shortage in the country that has led to an abundance of L/C difficulties.

    One such case in point saw the smaller General Cargo vessel ORANGE WIND (2,340 LDT) fetch a decent USD 435/LT LDT on a delivered Bangladesh basis.

    Source : Strategic Research Institute
  8. forum rang 10 voda 18 december 2018 19:35
    Iran's MSC in the Vanguard of Regional Steelmaking

    Financial Tribune reported that Iran's steel industry has always played a significant role in global, regional and national economies, brining high revenues for countries and helping build strong economies with sustainable growth. Yet, according to a board member of Iran's biggest steelmaker, Mr Bahman Ayyarrezaei, one of most important challenges facing the global steel industry is the high production capacity surplus to low consumption. Mr Ayyarrezaei has over 30 years of experience in Iran's steel industry, having served as chief executives of major steel/mining companies and advisor to the Ministry of Industries, Mining and Trade as well as the Industries and Mines Commission of the Iranian Parliament. He told Financial Tribune in an exclusive interview that "Global steel production currently revolves around 1.67 billion tonnes while the real production capacity exceeds 2 billion tonnes. Developing countries have been investing more in the steel industry, which will eventually lead to an increase in production capacity. Accordingly, the increase in capacity is not in proportion with the increase in real production. Environmental concerns are another issue the steel industry is dealing with. Many steel producing companies are still dealing with environmental issues and those who have managed to solve these issues have paid enormous costs, which inevitably affects end prices.”

    Concerns over slowing global economic growth have raised concerns for the steel industry as well. Naturally, if global economic growth is jeopardized, steel industry will be harmed as well.

    Emergence of alternatives to steel is also another big thread facing the industry, the expert told us. For instance, American automotive and energy company Tesla is establishing a car manufacturing company to depend heavily on aluminum for the production of different parts. If their plans become operational or other companies find alternatives to steel products, local steel industries will face a serious threat.

    Source : Financial Tribune
  9. forum rang 10 voda 18 december 2018 19:42
    GMS Market Commentary on Shipbreaking in Pakistan in Week 50 - INERT INDUSTRY!

    With its weakening levels and recent currency depreciation, Pakistan has largely remained out of the game as local Recyclers have struggled to secure any vessels whatsoever (despite a plethora of unsold units being proposed from various Cash Buyer hands). In what seems like the only positive news from this market in the recent past, the recommencement of high rise building projects this week should give some impetus into a presently inert industry. Yet, end Buyers have continued to try and find one excuse after another, in order to avoid tabling sensible offers and this has now extended to dreaded renegotiations on the waterfront for any expensive vessels arriving locally.

    If these tactics continue, it is sure to be a quiet end to the year for Pakistan, with local recycling yards virtually empty since the market’s reopening on tankers back in April.

    Source : Strategic Research Institute
  10. forum rang 10 voda 18 december 2018 20:07
    Fortescue’s maiden iron ore shipment of West Pilbara Fines

    The maiden shipment of Fortescue Metals Group’s new 60.1% iron content product West Pilbara Fines has left Herb Elliott Port in Port Hedland bound for Hunan Valin Steel Co Ltd in China. Fortescue will produce 5-10 million tonnes of West Pilbara Fines in FY19 by blending higher iron, low alumina ore from the western pits at Cloudbreak with ore from the Firetail mine. When Eliwana begins production in December 2020, production of West Pilbara Fines will ramp up to 40 million tonnes per annum.

    FMG CEO Ms Elizabeth Gaines said “The production of West Pilbara Fines demonstrates the flexibility of our wholly owned, integrated mining operations and infrastructure and the agility of our processing and blending strategy. For the last decade, we have delivered a range of differentiated products with a high value in use for our customers. As we look out to FY19 and beyond, West Pilbara Fines will further enhance the range of ores available, as we continue to ensure that our quality control and product consistency are maintained at the highest levels for our customers in China, Asia and Europe. As a low cost supplier of seaborne iron ore into China and north Asia, Fortescue has enjoyed strong relationships with customers since our first shipment of iron ore ten years ago and it is pleasing to see Hunan Valin, a long standing and valued customer, receive the first shipment of West Pilbara Fines.”

    Fortescue’s USD 1.275 billion Eliwana Mine and Rail development includes 143 kms of rail and a 30mpta dry ore processing facility. Eliwana will underpin the supply of West Pilbara Fines, with first ore on train in December 2020.

    Source : Strategic Research Institute
  11. forum rang 10 voda 19 december 2018 17:01
    Dillinger steel for the Kienlesberg Bridge in Ulm

    Dillinger steel is once again playing a key “supporting role” as the Kienlesberg Bridge in Ulm prepares to officially open to traffic next Sunday, 9 December 2018, after a full three years of construction. The elegantly curved bridge contains 1,750 metric tons of Dillinger heavy plate. At its christening in September, the principle builder, Stadtwerke-Ulm-Traffic Managing Director André Dillmann, described the bridge as potential competition for the Ulm cathedral.

    The 270-meter-long white bridge for tram, pedestrian and bicycle traffic is an essential component of the extension of the Ulm tramway. It crosses above the heavily frequented tracks of Ulm’s main railway station and thus connects the city center of Ulm with the Science City located to the northwest. Special attention was paid to making the bridge enjoyable for pedestrians and cyclists. For example, seating is integrated into the niches of the truss of the main girder. The bridge offers an impressive view of the railway area and beyond to the old town, with the Ulm cathedral as another eye-catching sight.

    The bridge caused significant headaches during its planning and implementation phase due to its urban setting. The planners faced both historical and geographical challenges here: The architecture of the new bridge needed to harmonize with the buildings in its immediate surroundings, especially with the Neutor Bridge, a listed monument built in 1907. The planners also struggled with extremely restricted space conditions. The construction time budget presented an additional challenge since the bridge had to be built while the railways continued to operate.

    The solution: steel. The material enabled the use of a “feed” solution in which the bridge support was preassembled in individual segments, which were then moved piece by piece into their final positions using the “incremental launch” method. As a result, the Ulm Kienlesberg Bridge consists of around 60 individual elements. Most of the steel for the bridge came from Saarland. Dillinger supplied 1,750 metric tons of heavy plate for the bridge in widths of up to 4.80 meters.

    Source : Strategic Research Institute
  12. forum rang 10 voda 19 december 2018 17:01
    NLMK Group to boost second-largest Lipetsk furnace capacity by 8pct

    NLMK Group, an international steel company, has embarked on a large-scale reconstruction of Blast Furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tonnes of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50% to 25 years. Investment in the upgrade will exceed RUB 34 billion.

    Currently, work is underway to install new blast air heaters and dedusting systems, assemble main units and steel structures. These works will be completed before the shutdown of the blast furnace, scheduled for May 2019. During the 130-day stoppage, the furnace will be dismantled and rebuilt from prefabricated modules.

    Konstantin Lagutin, NLMK Group Vice President, Investment Projects, said “Leading Russian and international engineering companies, MPE and technology suppliers have been brought on board to work on this largest investment project to be executed at the Lipetsk site over the past two years. We will end up with a more productive and efficient blast furnace with improved environmental performance. The upgrade of the dedusting system, for instance, will reduce the dust content in the air almost 10-fold. We are not just replacing an obsolete furnace with a new one: the project will make a significant contribution to the overall increase in steel output as part of the new strategic cycle.”

    Source : Strategic Research Institute
  13. forum rang 10 voda 19 december 2018 17:02
    Trinecke Zelezarny awards blooming mill FAC to SMS group

    Following the commissioning of its new blooming mill stand, the Czech steel company T?inecké železárny has awarded the final acceptance certificate (FAC) to SMS group. The objectives of the upgrade were to maintain and ensure the operational reliability and plant availability, to create the necessary process stability and to improve quality, tolerances and yield. Due to the advanced age of the plant this upgrade was an essential investment into the future of T?inecké železárny.

    The scope of the upgrade included a new ultra-rigid two-high reversing blooming mill stand with shifting unit and hook-type tilter. The blooming mill is used for the preshaping of intermediates – also of high-alloy steels – made from continuously cast material up to 525 millimeters in diameter and ingots up to a weight of 5.3 tons. Moreover, it is also providing the feedstock material for the existing rail, bar and wire rod production at T?inecké železárny, which shows the importance of this critical modernization project. Another core element of this order is the new hydraulic bloom shear with a shear force of around 1,000 tons. The shear is driven by an innovative and energy-efficient variable-speed pump (VSP).

    T?inecké železárny is part of the Moravia Steel Group and has a broad product portfolio: rails, wire rod, bar steel including SBQ, seamless tubes

    Source : Strategic Research Institute
  14. forum rang 10 voda 19 december 2018 17:02
    Kobe Steel’s wire rod processing venture in China to increase production capacity

    Kobe Steel Ltd and the other shareholders of Kobe Special Steel Wire Products (Pinghu) Co Ltd have agreed to increase the production capacity of their Chinese joint venture that processes special steel wire rods into steel wires. The other joint venture partners are Shinsho Corporation, Osaka Seiko Limited, Meihoku Kogyo Co Ltd, Metal One Corporation and Kyodo Shaft Co Ltd.

    Kobe Special Steel Wire Products (or KSP) was established in 2007 to supply steel cold heading (CH) steel wires to parts manufacturers. The wires are used to make automotive bolts, nuts and bearing products. Full-scale operation began in 2009. Kobe Steel provides 100 percent of the special steel wire rods used by KSP so that the same high-quality material available in Japan can be used to manufacture high-quality parts in China.

    KSP has so far increased its production capacity four times. This fifth capacity expansion will help meet the growing needs of KSP's customers who anticipate a further increase in demand. Approximately 900 million yen will be invest to install three additional wire drawing machines, for a total of 11, and two more heating furnaces, bringing the total to eight. The new equipment is anticipated to start up in March and June 2020, respectively. Production capacity will increase to 5,500 metric tons per month.

    Source : Strategic Research Institute
  15. forum rang 10 voda 19 december 2018 17:03
    Newly unveiled steel-intensive vehicles make an impression in 2018 - SMDI

    Many 2019 model year vehicles introduced in 2018 share a common attribute: an advanced high-strength steel structure. More than 65 AHSS-intensive vehicles debuted at major auto shows across the country this year. AHSS was represented in the composition of every vehicle segment and size, including the popular SUV, CUV and truck markets. Dr Jody N. Hall, vice president, automotive market, Steel Market Development Institute a business unit of the American Iron and Steel Institute said that "As vehicles evolve to become stronger, safer and more durable, high-strength steel continues to be the material of choice for automakers. Occupant protection is enhanced by using high-strength grades of steel in critical vehicle areas such as the frame and body. We are seeing more vehicles debut with predominantly steel structures because it is a proven, trusted and cost-effective material for automakers and consumers alike."

    SMDI survey results from earlier this year found 90 percent of consumers believe steel is stronger and more durable than other materials used by automakers. It was also revealed 75 percent of consumers regard safety as the most important factor when buying or leasing a vehicle, and automakers are meeting consumer safety standards by carefully designing their vehicles using high-strength steels.

    Here's what automakers and the media are saying about these notable vehicle debuts from 2018:

    2019 Ram 1500 (finalist for 2019 North American Truck of the Year)
    Ninety-eight percent of the steel used in the frame is high-strength steel, making the all-new 2019 Ram 1500 the strongest ever High-strength steel use increased durability to deliver up to 12,750 pounds of towing capability and 2,300 pounds of payload

    2019 Volkswagen Jetta (nominated for 2019 North American Car of the Year)
    Composed of 35 percent ultra-high-strength hot-formed steel, 12 percent ultra-high-strength steel and 39 percent extra high-strength steel

    2019 Hyundai Santa Fe (nominated for 2019 North American Utility Vehicle of the Year)
    The body is composed of 67 percent high-strength steel for added strength and reduced weight

    2019 Kia Forte (nominated for 2019 North American Car of the Year)
    Composed of 54 percent advanced high-strength steel

    2019 Chevrolet Silverado (finalist for 2019 North American Truck of the Year)
    The fully boxed steel frame is 88 pounds lighter than its predecessor, while offering 10 percent greater torsional rigidity
    Has a roll-formed, high-strength steel bed floor
    Eighty percent of the frame is made of high-strength steel

    2019 Acura RDX (finalist for 2019 North American Utility Vehicle of the Year)
    The body structure is composed of more than 50 percent high-strength steel increasing body rigidity and cabin quietness

    2019 Jeep Cherokee
    To achieve lightweighting in the body, Jeep used of 65 percent hot stamped, high-strength and ultra-high-strength steel

    2019 Mercedes-Benz G-class
    Thanks in part to high- and ultra-high-strength steels comprising the body, the new model lost 375 pounds
    Steel aided in rigidity and load-bearing functions of the vehicle

    2020 Toyota Corolla
    Increased use of ultra-high-tensile steel for enhanced body rigidity and occupant safety
    Torsional rigidity is improved by 60 percent compared to its predecessor

    2019 Subaru Forester
    Built on the Subaru Global Platform that uses extensive high-strength steel for long-lasting quality, enhanced crash safety and a quieter interior

    Source : Strategic Research Institute
  16. forum rang 10 voda 19 december 2018 17:07
    Thai steel industry to develop road map

    The Thailand’s Industry Ministry will call on local steel manufacturers to collaboratively design a 5 to 10 year roadmap for the development of the country's steel industry to serve new targeted industries in the flagship Eastern Economic Corridor. The roadmap plan is aimed at improving the country's steel industry, in line with the S-curve policy, focusing on high-tech manufacturing and special-grade steel products to serve government mega projects. Industry Minister Uttama Savanayana said most megaprojects are infrastructure, which would make the steel industry the key supplier of construction materials. Mr Uttama said that "The new steel roadmap will increase long-term core competency for local manufacturers as they can support many industries in the country by providing high quality steel. Many megaprojects will be implemented in 2019 and they will increase steel demand, especially for premium products."

    He added the new' targeted industries also need premium-graded steel. For example, the automotive industry is a key sector for Thailand and demands speciality' steel to serve manufacturing.

    Source : Bangkok Post
  17. forum rang 10 voda 19 december 2018 17:08
    World’s largest HDRI-CDRI Tosyali Plant completes construction in Algeria

    Dr Suhat Korkmaz, CEO of Tosyali Holding, recently announced completion of the state-of-the-art direct reduction ironmaking plant capable of simultaneous production of hot and cold direct reduced iron (HDRI and CDRI), which will feed the electric arc furnace (EAF) melt shop of a new Tosyali Algeria iron and steel facility. The 2.5 million tons/per year plant was supplied by Midrex Technologies Inc and its consortium partner, Paul Wurth.

    Commissioning of the plant began in July 2018, and production of cold DRI (CDRI) started in late November 2018. Hot DRI (HDRI) production is expected to begin in February 2019, which also is the scheduled official plant start-up.

    Founded in Iskenderun, Turkey, in 1952, Tosyali Holding now has a total of 18 facilities on three continents in six different regions along with 12 affiliates. Tosyali Holding includes three production companies – Tosçelik Profil ve Sac Endüstrisi A.?., Tosyali Demir Çelik Sanayi A. ?., and Tosçelik Granul San, A. ?. – all of which are leaders in their sectors, and Tosyali Di? Ticaret A. ?., which conducts foreign trade for the group.

    Source : Strategic Research Institute
  18. forum rang 10 voda 19 december 2018 17:08
    Operations normal in RINL VSP steel plant in Visakhapatnam

    ToI reported that Cyclone Phethai, which has unleashed heavy rains and strong winds in the port city has not hit the operations of Visakhapatnam Steel Plant. According to a spokesman of Rashtriya Ispat Nigam Ltd, all operations of the steel plant were working normally. He said "We have not seen any impact so far of the effects of Cyclone Phethai. The residential townships of the steel plant have also not been affected.”

    RINL is spread over 19,704 acres of land, most of which is heavily forested.

    Source : ToI
  19. forum rang 10 voda 19 december 2018 17:09
    Steelmakers to benefit from Brazilian macroeconomic situation in 2019 - Moody's

    Brazil's steelmakers are likely to benefit in 2019 from stability in the country's macroeconomics indicators, automotive sector growth and an improvement in housing starts, according to a report by Moody's Investors Service. The stability of Brazil's macroeconomics indicators will support growth in major steel consuming industries, while a stronger Real will help ease costs for US dollar-priced raw materials such as iron ore, Moody's said in an 2019 outlook, foreseeing a moderate recovery in demand for steel. It said that "Growth is likely despite risk of political uncertainty under a new government, adding there will be further opportunities as a result of greater infrastructure/heavy construction investment amid an improved business environment in Brazil.”

    The credit ratings agency sees a more favorable import price relationship and a low threat of significant growth in steel imports as further positive factors.

    Nevertheless, Moody's forecasts Brazilian steel exports will remain low due to increased US protectionism plus "stronger competition from other producing countries such as China and Turkey."

    Moody's sees Gerdau's credit quality improving and benefiting from scale, diversification and financial flexibility, while Usiminas' operating performance is expected to remain strong in 2019 "based on cost-cutting efforts" and "recovery in the automotive industry," Moody's said in the report.

    However, an improvement in CSN's credit quality is dependent on further asset sales, or other efforts to improve capital structure, reduce short-term liquidity risks.

    Source : Strategic Research Institute
  20. forum rang 10 voda 19 december 2018 17:09
    Chinese delegation meets AP CM Mr Naidu for setting up steel plant in state

    The Hindu reported that a Chinese delegation met AP Chief Minister N. Chandrababu Naidu at the Grievance Hall near his residence on Tuesday and evinced interest in setting up a steel plant in the State. The delegation said they were keen on investing in Andhra Pradesh. Keeping in view the demand for steel in India, the steel company is being proposed in the State. The delegation said they entered into an agreement with an Australian firm for supply of raw material, including iron ore and coal, for the project.

    Mr Naidu suggested to the delegation to submit a detailed project report.

    Source : The Hindu
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