Project Monitor cited Mr Abhay Kanth senior HEC spokesperson as saying that Heavy Engineering Corporation Limited and Bharat Heavy Electricals Limited are likely to formalize their proposed JV over the next 3 months. The 2 public sector units entered into a MoU for forming the JV on September 6th 2008.

The proposed JV will make castings and forgings required for power plants. As per the agreement, HEC's foundry forge unit located at Ranchi in Bihar will be transferred to the JV. The equity shareholding of the 2 partners will be finalized after the evaluation of the foundry forge unit. BHEL has indicated that it would make an investment of INR 1,000 crore in the JV, while HEC's contribution will be represented by its foundry infrastructure.

Mr Kanth said that the new JV will supply castings and forgings to BHEL that is itself in the midst of expanding its manufacturing capabilities from the current 10,000 MW per year to 15,000 MW per year. BHEL's annual requirement of castings and forgings is an estimated INR 2,000 crore out of which half is met through imports. BHEL is expected to place orders worth INR 500 crore per year to INR 1,000 crore per year on the new JV. Besides BHEL, the new JV will also provide castings and forgings to the other two divisions of HEC heavy machine building and heavy machine tools.

It is reported that Maytas Metro Rail the concessionaire company to implement the Hyderabad Metro project and Andhra Pradesh government on September 19th 2008 has signed a concession agreement for the Hyderabad Metro rail project.

A Maytas led consortium will develop the metro system at an estimated cost of INR 12,132 crore on BOT basis in PPP mode. The Maytas led consortium will hold 52% in the project whereas the state government will hold 16% equity.

Financial closure for the project is expected within 6th months and work is likely to commence by March 2009. The metro rail with a total length of 71.16 kilometer will have 66 railway stations. It is expected to carry about 1.7 million passengers per day by 2012 and 2.8 million passengers by 2021.

Assam Tribune reported that Assam Real Estate and Infrastructure Developers Association has decided to file a Public Interest Litigation in the Gauhati High Court against the activities of the steel and cement manufacturing units in the state, which despite enjoying special benefits have abnormally increased the rates of the products.

Divulging its decision before media persons on Friday, AREIDA accused the steel and cement industry in the state of resorting to foul play and hoodwinking the common consumers. The functionaries of AREIDA asserted that the State Government should interfere in the matter as it is pointless for the Government to loose thousands of crore by way of subsidies without any tangible benefit to the public.

Mr PK Sarma president of AREIDA said that despite the benefits like manpower subsidy, power subsidy, genset subsidy, 99% VAT exemption etc. provided to the steel and cement industries by the State Government, the prices of the materials were higher in Assam than in other States like West Bengal where these industries do not get any of these subsidies. Comparing the rates of steel in Assam and West Bengal, he said that steel in Assam was priced at approximately INR 42,000 per metric tonnes, while in Kolkata the cost of steel was INR 36,500 per metric tonnes.

Mr Sarma further said that the cost of production of cement per bag was INR 67 in the State with all the subsidies the cement units enjoyed, but cement at present is being sold at INR 250 to 280 per bag, almost four times the cost of production.

He said that “We demand that these manufacturers rationalize their retail price structure to legitimate levels.” AREIDA has called upon the government to 6 the maximum retail price of cement at INR 150 per bag to INR 180 per bag and steel at INR 32,000 per tonne beyond which it should refuse to grant any financial exemptions.

IANS reported that TATA BlueScope Steel the JV between India's TATA Steel and Australia's BlueScope Steel has forayed into the retail segment with a range of color coated steel products used in buildings.

Mr Hakimuddin Ali vice president of TATA BlueScope's building products division said that "We have entered into the retail segment with the Durashine range of color coated steel products."

Mr Ali said that the company which operates in the SAARC region is yet to finalize its retail distributors. He added that work on the Jamshedpur plant will commence by the last quarter of the current fiscal

TATA Bluescope which has 3 manufacturing facilities at Pune, Bhiwadi and Chennai is to open another unit at Jamshedpur to manufacture galvanum coils, the raw material for Durashine with an investment of INR 9 billion. Durashine corrugated sheets are used for roofs and walls.

IANS reported that Mr Ratan Tata chairman of the TATA group has joined the global advisory board of Nanobiosym a leading nanotechnology company in the US.

Mr Ratan Tata said that "Nanotechnology has the potential to revolutionize the way we tackle key issues facing the world today and Nanobiosym is working at the forefront of this revolution. Dr Goel has forged a bold model for driving technological innovation and commercialization, while maximizing global humanitarian impact. I look forward to working closely with her and her team."

Ms Anita Goel chairman & CEO of Nanobiosym said “I am inspired by his example which provides us with a practical roadmap for bringing cutting edge technologies into emerging global economies and extending our reach to broad markets at the bottom of the pyramid.”

Nanobiosym based in Medford near Boston in Massachusetts, developed Gene RADAR a portable nanotechnology platform that can rapidly and accurately detect genetic fingerprints from any biological organism. The company aims to give patients worldwide real-time access to their own diagnostic information through low cost handheld devices that could detect disease from a single drop of blood or saliva.

'Directory of Autoparts Makers in India' is one of the top sources of information available on auto part makers in India. It is one of the most comprehensive and accurate directory of auto part makers in India.

Published in May 2008, 'Directory of Autoparts Makers in India' has been comprehensively researched and prepared, to bring you a fully up to date guide to Indian auto part makers. This report will be extremely useful to businesses that deal specifically with companies in auto part makers segment.

Whether you are a product manager, in charge of marketing, raw material seller, in equipment business or simply interested to remain in touch with the latest developments in the Indian auto part makers, this directory will save you time and effort in finding the information you need.

This report will enable you to profile auto part makers in India, build new business prospects, generate new customers, discover who your competitors are and make vital contacts. You would save the time, money and effort of doing your own research. This directory has been especially compiled to assist with market research, strategic planning, as well as contacting prospective clients or suppliers.

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This report covers name and product details of 431 of Indian auto part makers in alphabetical as well as location wise order.

Look at the information you'll get in the 'Directory of Autoparts Makers in India'

• Company name -431 entries
• Address-431 entries
• Phone number-431 entries
• Fax number -418 entries
• Email -403 entries

Report Summary:
1. Published: May 2008
2. Format PDF File (Delivery by Email on receipt of payment)
3. Total no of pages – 241

Price: USD 625 or equivalent in INR
(Additional Charges would be levied for delivery of file on a CD or in printed form)

You can order your copy to reports@steelguru.com

BL reported that India’s shipping ministry is considering a move to set up a port in Andaman under the Major Ports Act which will allow the port at Andaman to be funded from the centre.

The ministry is also exploring the possibility of setting up a shipping company at Andaman in which the Shipping Corporation of India will have a stake. The shipping company will acquire and operate ships.

Source said that “Under the Central jurisdiction, the port can access budgetary grants. It can be developed as a transshipment port such as Colombo where majority of cargo is transshipped.”

Sources added that approvals from the Island Development Authority and Planning Commission are required to execute the proposal. The proposal is at a fairly nascent stage.

Mr Manoranjan Bhakta Member of Parliament Andaman and Nicobar Islands said that “This has been our long pending demand. Andaman enjoys a location advantage for accessing South-East Asia. The Centre can develop this as a gateway for foreign trade.”

According to the Indian Ports Association data Port Blair, Andaman and Nicobar Islands has 23 ports namely Mus, Car Nicobar, Havelock, Mayabunder, Diglipur, Rangat, Hut Bay, Katchal, Campbell Bay, Neil Havlock, Dugong Creek, Nancowry, Chowra, Teressa, Kondul, Pillow Millow, East Island, Clnque Island, Jolly Bouy Island, Tillonchong, Castle Bay and South Bay.

According to Government data, ports at Pondicherry, Andaman and Nicobar, and Lakshdweep together handled 1.6 million tonnes of cargo in 2006-07.

Project Today reported that Reliance Industries is planning to spend an additional INR 10,000 crore to produce natural gas from discoveries that were not a part of the original development plan in the Krishna-Godavari basin.

As per report, the plan is yet to get a final approval from Directorate General of Hydrocarbons and the Ministry of Petroleum & Natural Gas. The proposed plan is for development of eight discoveries which will be linked to the existing infrastructure the company has put up for producing gas from its 2 previous discoveries in the D6 block of the KG basin.

The report added that the company has already received an approval to spend INR 50,000 crore for commercializing 2 of its biggest gas discoveries in the D6 block located in the KG basin. RIL currently owns a 90% stake in the KG basin's D6 block, where 18 oil and gas discoveries have been reported till date. The remaining stake is with Niko Resources of Canada.

ET reported that Hindalco Industries will invest over INR 19,800 crore in the next 3 years in India for capacity expansion.

Mr Kumar Mangalam Birla chairman of Hindalco Industries said that “Hindalco would be executing multi location expansion program aggregating over INR 19,800 crore in the next 3 years in India. The expansions would add almost half of the existing capacity of the Hindalco Novelis combine in the next 3 to 4 years.

Mr Birla said that the expansion of the Mauri alumina refinery to 4,50,000 tonnes per annum from 1,10,000 tonnes per annum was in progress and production from the expanded facility was expected to reach to its full capacity by the end of the year. The company is also expanding smelting capacity at its Hirakud facility to 143,000 tonnes per annum from 100,000 tonnes per annum now.

He further added that Aditya Alumina, the integrated aluminum project, encompassing 1.5 million tonnes per annum alumina refinery, 359,000 tonnes per annum alumina smelter and 900 MW captive power plant is on course.

Mr Birla said that the first metal from the smelter was expected by July 2011. He added that the Mahan aluminum project with a smelter capacity of 359 kilo tonnes per annum and 900 MW captive power plant is on track.

Hindalco is the 11 largest producer of aluminum in the world in terms of volume and the world's tenth largest copper producer by capacity.

ET reported that Mahindra & Mahindra is readying to scale up its exports to Latin American and African markets with a view to strengthen its utility vehicles and tractor business globally.

Mr Anand Mahindra vice CMD of M&M said that “We are looking at Africa and Latin American markets to enhance our exports. The utility vehicles segment will be given focus in Latin America and tractors in Africa.”

Mr Mahindra said that the rupee is likely to appreciate in the long run in line with the growing domestic economy. A well regulated banking system has helped the Indian financial sector to insulate it from the present global financial turmoil. Our banks and financial system are well regulated. This is going to substantially benefit us in times of problems.”

The financial express reported that Indian public sector undertakings would soon have new criteria for the evaluation of their financial and non financial performance including accountability and autonomy.

The working group headed by Mr Ashok Chandra to review the MoU guidelines has submitted its report and suggested that weightage for oil and coal PSUs, working under administered pricing mechanism constraints is reduced to 40% from 50% to help them tide over the financial mess they have gone through.

Department of public enterprises official said that the report will be placed before the Cabinet secretary next week. Once cleared by him, the department of public enterprises will issue the new guidelines which the PSUs will have to adopt by March 31st 2009.

Suggesting amendments in the existing MoU structure, the report has suggested introduction of a new methodology standard deviation method which will be used to benchmark the performance of a PSU.

The official said that “The new APM format has been introduced to address the problems of PSUs operating in the oil and coal sector. Oil and coal PSUs like ONGC, HPCL and SAIL has been demanding changes in the weightage for sometime now.” The weightage of financial parameters for PSUs operating in social sector will be 30%.

The report has recommended ‘offset parameters’ which means benchmarking the performance of a PSU against the performance of the entire sector it operates in during the particular assessment year. This will be relevant during the time of evaluation to counter the performance or non performance of a company due to the external environment. The weightage of offset parameters has been restricted to 20%.

The MoU is a document between the CPSEs and the government that helps evaluates the performance of the CPSEs based on the annual targets set by the PSEs in the MoU. The MoU system was first introduced in India in 1986 following the recommendations made by the Arjun Sengupta Committee Report 1984. The system was revamped in 1989 and resembled the signaling system used in Pakistan and Korea under which performance evaluation is based on the annual targets agreed upon between the government and the CPSEs.

ET reported that the Planning Commission will move Cabinet next month for approval of an Integrated Energy Policy that will include atomic power as part of efforts to fuel the growing economy.

Dr Manmohan Singh PM of India chairing the meeting of the Planning Commission reviewed the draft Integrated Energy Policy and emphasized that appropriate energy pricing was must to promote investment in augmenting supplies.

Dr Singh said that "Energy pricing is a key component of energy policy, since appropriate energy pricing must provide the incentives needed for efficient use of energy and also the incentive for investment in expanding supplies."

Mr Montek Singh Ahluwalia deputy chairman of Planning Commission said that "In order to meet our energy requirements, we need to expand all energy resources. There was a discussion on the importance of nuclear energy and Chairman of AEC intervened indicating what they are doing."

Mr Ahluwalia said that the draft policy would be placed before the Cabinet next month. It would lay the general principles to be followed by multiple ministries including Petroleum and Natural Gas, Coal, Power, Water Resources, Atomic Energy, Renewable Energy and Finance.

As per report, the draft also suggested setting up of common appellate tribunal along with sector specific regulatory bodies. The draft policy also emphasized the need for acquisition of energy assets abroad to meet the growing demand to achieve the target of 9% economic growth

It is reported that Public sector Neyveli Lignite Corporation has paid 10% final dividend amounting to INR 156.96 crore to the Union Government for 2007-08. The corporation had in February paid an interim dividend of 10% amounting to INR 156.96 crore.

An NLC release said that the final dividend was presented to Union Minister of State for Coal Mr Santosh Bagrodia by NLC CMD Mr JN PRasanna Kumar in New Delhi.

ET reported that OIL India Limited will start drilling at its oil & gas fields in Libya by early 2009. It has also entered into talks with Indian Oil Corporation, Engineers India and US based Headwaters Technology Innovation Group for setting up a coal to oil pilot project with coal from Coal India at an investment of INR 400 crore with a capacity of 2,500 barrels per day.

Mr Pasrija CMD of OIL’s said that “The first well is expected to be drilled by the early part of 2009 on Area 86. There are actually four blocks in Area 86 and these are onshore blocks and 3D survey is complete. According to commitments, we will have to drill four wells there. While at block 102 in Libya, we will be drilling one well.”

Mr Pasrija said that in Libya, OIL has 4 blocks, 4 under Area 86 another 4 under Area 95/96 where Sonatrach Petroleum Corporation is the operator and one in Area 102(4).

OIL will be investing about INR 745 crore for development of overseas blocks of which INR 245 crore has already been spent. The company plans to invest a total of INR 22,390 crore in the current fiscal, while another 23,357 crore will be spent in 2009-10.

HTI develops and commercializes catalysts and technology to convert low value fossil fuels and hydrocarbons into clean alternative fuels. HTI’s portfolio includes technologies for converting coal, heavy oil, bottom of the barrel resid, oil sands bitumen, natural gas, byproduct gas, biomass and wastes into clean liquid fuels and petrochemicals. It has recently won a large CTL project order in China.

It is reported that investment banking and broking group Numis Securities has exchanged its commodity preference of steel making bulk commodities for base metals as it believes pessimism on commodities will soon spread to steel.

Numis analysts said that while commodity price forecasts for 2009 would generally be to the downside, this was more understood and factored in for base metals such as copper than bulk metals, especially iron ore. It expected pessimism on commodities to become more generalized from the fourth quarter, spreading to steel making raw materials for the first time this cycle, as earnings forecasts are downgraded from fourth quarter of 2008 and beginning 2009.

Analysts Mr Simon Toyne, Mr Mike Stuart and Mr Richard Knights said that fundamentally steel prices appeared to have further to fall in the fourth quarter and already implied more limited upside to iron ore and coking coal prices, than has been envisaged. This was due to declining profitability in the steel industry.

A gradual slowdown in Chinese apparent steel consumption has been in evidence since 2005 and is expected to continue, while further macroeconomic downside was likely in OECD countries. These factors implied that forecasts of significant further price rises in iron ore and coking coal were finally looking vulnerable.

The American Iron & Steel Institute has reported that for the month of July 2008, US steel mills shipped 9,175,000 tons, up by 3.8% YoY as against 8,844,000 tons shipped in July 2007 and up by 0.4% MoM as against 9,136,000 tons shipped in June 2008.

A year to year comparison of year to date shipments shows the following changes within major market classifications

1. Service centers and distributors, up by 5.8%
2. Automotive, down by 3.9%
3. Construction and contractors’ products, down by 1.2%
4. Oil & gas, up by 5.4%

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. It also plays a lead role in the development and application of new steels and steelmaking technology. AISI's member companies represent approximately 75% of both US and North American steel capacity.

Reuters reported that Finnish steel maker Rautaruukki has stuck to its 2008 outlook of higher sales and profits, saying that it had not seen changes in its markets.

Mr Mikko Hietanen CFO of Rautaruukki said that "It's business as usual. There have been no special changes in our business."

When asked if the company was holding to its 2008 outlook for annual sales growth of more than 10% and a higher operating profit, Mr Hietanen said that "Our guidance is valid."

Rautaruukki stock has come under pressure on worries the economic slowdown will hurt the construction sector, with the share wallowing at levels last seen in August 2005.

Vietnam News Agency reported that central Ninh Thuan province has licensed a JV between Malaysia’s Lion group and Vietnam Shipbuilding Industry group to build a steel complex with an investment of 9.8 billion USD.

The hi tech steel complex, located in Phuoc Diem commune, will have an annual capacity of 14.42 million tonnes. The project will also include 2 power plants with a total capacity of 1,450 MW and a seaport with an annual loading capacity of 15 million tonnes.

Scheduled to be built in the first quarter of 2009, the first phase of Ca Na steel complex is expected to be completed in 2010.

It is reported that TATA Corus Teesside Beam Mill at Lackenby is celebrating its 50th anniversary this year.

To mark the golden milestone, customers, former mill employees and current Corus workers and their families are being invited to a celebration. Visitors to the 3 day event will see an exhibition detailing the mill’s 50 year history with live we blinks to today’s operation. They will also get a behind the scenes tour. The first two days, October 7th and October 8th 2008, are for current and former employees, with customers visiting on day three.

Mr Simon Beaumont, the mill’s manager for the last eight years, said that "These events mark a major milestone for Corus in Teesside. They are a celebration of 50 years of development and a thank you to the employees who have contributed to its success."

Mr Beaumont said that "We produce a larger range of products for our customers now, and the steel is of a higher quality. Over the last 50 years, buildings have got bigger and the requirements from the construction industry have changed. Over GBP 100 million has been invested in the Teesside Beam Mill over the last 5 decades to ensure it remains at the cutting edge of latest technology and, because of this, we have always been able to keep up with the changing demands of our customers. Our employees have played a significant role in ensuring the mill’s success embracing new technology and adapting their skills to meet the changing requirements of the construction markets. Now our focus is firmly fixed on the future of the plant as we continue to invest and develop."

Teesside mill, which has changed the world’s skyline, has supplied steel for many of the world’s largest and most impressive buildings. Canary Wharf, the new World Trade Centre in New York and, most recently, Heathrow Airport’s Terminal 5 are just three of many landmarks containing the beam mill’s best.

It is reported that Steel maker Corus has been fined GBB 15,000 by magistrates and ordered to pay GBP 6,248 costs after a crane operator was crushed in a workplace accident.

Hartlepool Magistrates’ Court was told that a section of the tubing snagged on a wall while it was being carried by the crane, causing it to fall to the ground, hitting Mr Laverick.

Mr Bruno Porter, prosecuting on behalf of the Health & Safety Executive, said that its investigations showed there was no safe place to stand while operating the crane. He added that "Some operators stated that they stood in a doorway for an escape route should anything happen to the load being carried."

Mr Dominic Adamson, for Corus, which pleaded guilty to breaching the Health & Safety at Work Act, said that it had carried out a thorough investigation into the accident on April 27th 2007 and expressed sincere regret over Mr Laverick’s injuries.

Mr Adamson acknowledged Corus could have done more to reduce the risk to Mr Laverick, but said that that he had made an individual error in allowing the steel to make contact with the wall. He added that "This was an unfortunate, isolated incident, where individual error was substantially the cause. Corus, however, did not bury its head in the sand after this incident and took the opportunity to improve its systems."

It may be noted that Mr Jonathan Laverick was struck by a 1.7 tonne section of steel tubing after it fell on top of him. He suffered a number of serious injuries, including a broken leg, five broken ribs and a punctured lung, and spent several weeks in hospital, where doctors placed him in an induced coma.

It is reported that Japanese import price of Chinese sheet steel keeps decreasing.

Some Chinese makers reduce the hot rolled coil offer to less than USD 900 per tonne. Japanese buyers of coil centers and distributors are still reluctant to take the offer when they try to reduce the inventory under slower domestic demand.

However, Japanese integrated steel makers concern the lower price could cool the domestic market when the higher yen rate would encourage the import.

It is reported that Mr Petteri Laaksomo has been appointed senior VP of supply chain management at Ruukki as of September 22nd 2008. He will also be a member of Ruukki's extended management board responsible for corporate logistics, sourcing and operations development.

Before joining Ruukki, Mr Laaksomo had a long international career at Elcoteq where he was responsible for global manufacturing, supply chain management, engineering services and sourcing.

Mr Marko Somerma chief strategy officer of Ruukki said that "Mr Petteri's extensive experience in developing global manufacturing and the supply chain in a very fast and demanding industry will be very valuable in supporting the divisions' daily operations and efficiency development."

The fast developing Indian steel industries are continuing beyond what most believed was possible. As one of the world's fastest growing economies, India has become the most happening place among world steel market over last few years and thus is in the radar of not only Indian but most of global players associated with steel industry. But due to fragmented nature of industry, a comprehensive list of smaller steel makers is not readily available.

"Indian Steelmakers Directory 2008' is one the top sources of information available on steel making companies in India! 'Indian Steelmakers Directory' is one of the most comprehensive and accurate directory of Indian steel companies that have ever been published. This powerful directory is your connection to the entire Indian steel industries sector.

Published in February 2008, “Indian Steelmakers Directory 2008” has been comprehensively researched and prepared, to bring you a fully up to date guide to India's rapidly growing steel makers. This Directory will be extremely useful to businesses that deal specifically with companies in the iron and steel industry, ferroalloys, consumable suppliers, raw material sellers, equipment makers and others.

Whether you are a product manager, in charge of marketing, raw material seller, in equipment business or simply interested to remain in touch with the latest developments in the Indian steel industries, this directory will save you time and effort in finding the information you need.

Why spend hundreds of hours searching for new contacts? Invest in a copy TODAY!

This directory covers name and details of 720 of Indian steelmakers in Alphabetical as well as location wise order.

Look at the information you'll get in the 'Indian Steelmakers Directory'

• Company name -723 entries
• Address-723 entries
• Phone number-723 entries
• Fax number -590 entries
• Email -446 entries

Report Summary:
1. Published: Feb 2008
2. Format PDF File (Delivery by Email on receipt of payment)
3. Total no of pages – 396

Price: USD 1250 or equivalent in INR
(Additional Charges would be levied for delivery of file on a CD or in printed form)

You can order your copy to reports@steelguru.com

It is reported that Mr Victor Polard former chairman of board of directors & CEO of Ugitech SA will step down from these positions on September 30th 2008.

Mr Patrick Lamarque d'Arrouzat will take over function of CEO of Ugitech SA as from October 1st 2008.

The successor as chairman of the board of directors is Mr Marcel Imhof COO of SCHMOLZ+BICKENBACH AG.

Ugitech SA in a statement said that "By mutual agreement, as a consequence of simplification of the management structure he will also relinquish his membership of all other management bodies of the Ugitech Group as well as SCHMOLZ+BICKENBCH AG. We wish to take this opportunity of thanking him for his excellent work in connection with the integration of Ugitech into the SCHMOLZ+BICKENBACH Group. With his great experience and extensive network of contacts, Mr Victor Polard has made a significant contribution to Ugitech's success."

Mr d'Arrouzat has worked for Ugitech SA since 1990, most recently as head of the sales organization for bar steel and wire rod as well as bright bar.

The Inter American Development Bank said that it is considering a USD 400 million loan to help finance the historic Panama Canal Expansion Program.

Mr Luis Alberto Moreno president of IDB said that "Our interest in this project demonstrates our confidence in the economic transformation that President Mr Torrijos have been leading during your administration.

The IDB’s announcement signifies that Panama is on the right track. As a country, we have laid the foundation that helps to make the expansion project possible. In addition, this loan consideration reinforces the bank’s trust and confidence in the Panama Canal Authority."

Mr Alberto Zubieta Canal Administrator said that "Determining the financing structure for the Canal’s expansion is a critical part of the process, and we appreciate all of the interest received thus far."

Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.

Historically known as the Steel City, Pittsburgh can now boast to have a supporting role in the reconstruction efforts in Iraq. Captain Dave Toocheck a steel industry expert for the Iraqi Strategic Support Cell, Multi National Force said that "What's happening now in Iraq is obviously there's a reconstruction need. In the reconstruction need, there's been a high demand from steel products.”

Mr Toocheck is working in partnership with the Ministry of Industrialization and Minerals to match the country's steel quota. He said that "The Iraqi Government is projecting they're going to build 3 million houses. They're also projecting the lowest demand will be 3 million tonne of steel per year.”

He said that "Right now, my focus and my mission is to engage the Iraqis at an engineering and technical level so that the knowledge I have from working in this industry is conveyed to them because they have been essentially isolated from the rest of the world for the past 30 years. And by doing that, now all the sudden we are paving the process for reconstruction.”

Currently, there is enough scrap metal collected in Iraq to satisfy 10 years worth of production. However, a lot of work must be done before scrap can transform into homes for millions of Iraqi families in need across 256 cities. To begin with, Iraq has no steel making capacity of its own.

The plan is to develop scrap metal sites to accumulate material and build steel making plants to produce rebar and light structure members. The four plants would provide work for 30,000 Iraqis and be located in different areas of Iraq to proportionally spread employment. Another key is establishing responsible contracts with equipment manufacturers that can provide furnaces and other technological needs.

(Source: Pittsburgh Tribune-Review)

The worldwide leader in the cable industry Nexans has secured an exclusive EUR 8.9 million contract from the Istanbul Transportation Authority to provide 988 kilometer of specialized rail cables for an extension of the city’s Metro and Light Rail systems.

Under the contract, Nexans will supply to Gulermak-Dogus JV the overall project contractor, 726 kilometer of low voltage and 262 kilometer of medium voltage power cables which will be used for power distribution and DC systems for a 5.3 kilometer Light Rail Transport line and a 15.6 kilometer metro line expected to carry 67,000 passengers an hour.

The release said that Nexans involved in an earlier expansion of the Istanbul Metro, will also provide lighting cables for use in 20 new stations. All these cables will have a Halogen Free Flame Retardant, sheath, meaning that they are preventing the propagation of fire, while providing low toxicity, low corrosives and low smoke density, thus reinforcing the safety of people and equipment on board.

Some 30% of the total quantity of cables should be delivered by the end of 2008 and the remainder in early 2009. The total installation is scheduled for completion by the end of 2009. All the cables will be manufactured by Nexans plants in Germany.

Mr Jean Fehlbaum of Nexans Global Segment Developer for Railways Infrastructure said that “Having a local presence in Turkey together with high level of commercial and technical support gave Nexans the edge in securing the project.”

Nexans the worldwide leader in the cable industry offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear power, automotive, electronics, aeronautics, handling and automation.

Balli Real Estate, the property investment and development division of the Balli Group, is raising its profile in the Middle East as part of its USD 3.5 billion plus property development and investment portfolio expansion plans.

Balli Real Estate has four core activities: fund management, joint venture developments, direct developments and bulk purchase investment and is involved in some of the most exciting and prestigious real estate projects in the world.

In the United Arab Emirates the company operates under the Peacock Ventures Ltd brand. It has a portfolio of over USD 3billion, comprised of over 900,000 sqft of property under development with a gross development value of some USD 800 million and an additional 2 million square feet and a GDV of almost USD 2.5 billion in the pipeline.

The company has already invested in four major residential and mixed use projects in the UAE under the Peacock Ventures brand with a combined total of over 1,000 luxury residences. These include properties in the sought after Culture Village district and the prestigious Waterfront precinct. The company is now seeking more real estate investment opportunities in the region provided by developers, agents and landowners.

Mr Vahid Alaghband Group chairman of Balli Group said that “Balli Real Estate is a business that is expanding rapidly. Cityscape is the major property exhibition for the Middle East, so we see it as the perfect location to meet with developers and agents and review the latest investment opportunities in the region and also update the international property sector on what we are doing, as well as highlighting the many opportunities we see coming up in the future.”

One can have an idea about the importance of the construction industry in India from the fact that it is the second largest contributor to the GDP after agriculture. The industry provides employment to more than 3% of the population. Its market size is around USD 55 billion and is growing at around 7% to 8% per annually, faster than the GDP growth. As the Construction sector is growing faster than the country’s project GDP growth, there exist a tremendous potential for development in the related area.

“Directory of Construction Companies in India” is one of the top sources of information available on a construction companies in India. It is one of the most comprehensive and accurate directory of construction companies in India that ever published. This powerful directory is your connection to the entire construction companies in India.

Published in August 2008, “Directory of Construction Companies in India” has been comprehensively researched and prepared, to bring you a fully up to date guide to Indian Construction companies.

Whether you are a product manager, in charge of marketing, raw material seller, in equipment business or simply interested to remain in touch with the latest developments in the construction companies in India, this directory will save you time and effort in finding the information you need. This report will enable you to profile construction companies in India, build new business prospects, generate new customers, discover who your competitors are and make vital contacts. You would save the time, money and effort of doing your own research. This directory has been especially compiled to assist with market research, strategic planning, as well as contacting prospective clients or suppliers. It is also an indispensable guide to India’s construction sector.

Why spend hundreds of hours searching for new contacts? Invest in a copy TODAY!

This report covers name and product details of 1000 Construction Companies in India in alphabetical as well as location wise order. Look at the information you'll get in the 'Directory of Construction Companies in India’
1. Company name -1000 entries
2. Address-1000 entries
3. Phone number-951
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5. Mobile number-349
6. Email -749 entries
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It is reported that steel specialist benefits from huge demand for housing as turnover reaches USD 156.3 million.

AIM-listed structural steel specialist Panceltica has quadrupled turnover in the six months to 30 June 2008 and said it will become a billion pound company in three years.

Turnover at the Qatar based company, which defied the downturn to float in March this year, rose from USD 31 million to USD 156.3 million. After one off costs of GBP 41.5 million associated with the flotation, it made a pre tax loss of USD 19.8 million over the year.

The group’s main activity is building houses in the Middle East from galvanized steel and it recently signed a deal with Saudi Arabia worth about USD 2 billion.

Mr Paul Fraser said that “The Saudis need four million houses and that’s still a conservative estimate. It is currently working with Miller Group in the Middle East and he was in talks with other UK players in the region.

He also said that he is looking to move into other countries including Brazil and India. Fraser said: “This only needs a semi skilled labor force it’s like snapping Mecano together.”

The Post reported that the launch of the transmission line for import of 100MW of electricity for Gwadar from Iran will be held next month during the Iranian energy minister's visit to Pakistan on October 15th to 17th 2008. Sources said that this was decided at a meeting between Ambassador of Iran to Pakistan Mr Masha'allah Shakeri and Federal Minister for Water and Power Mr Raja Pervez Ashraf on Friday.

It was agreed to expedite the process of importing 1000 MW of electricity from Iran on a fast-track basis. The ambassador offered to invest in the power projects and said Iranian companies were interested in upgrading the transmission line system in Pakistan on a low cost basis.

He also offered substantial investment in hydropower plants and expressed his country's intention to finance power projects in Pakistan. The ambassador said that the Iranian government would provide all assistance to the new government in every sector. The minister said Pakistan was facing many internal and external challenges and energy deficit was also one of them.

He said that "The government is taking necessary measures to generate electricity to bridge the demand and supply gap through fast track projects.”

The government has planned to bring 35,000MW of electricity by the year 2016 and measures are being taken in this regard. He said that the government attached a high priority to exploiting the indigenous resources such as coal, hydel and wind for power generation.

He said the first windmill in the private sector would be operative next month.

Mr Pervez Ashraf said that Pakistan has already signed a MoU to purchase 1000 MW of electricity from Iran. He said the government would encourage Iranian investors to put money into water and power sectors in Pakistan.

It is reported that export offer for Chinese construction steel continue to go down and trading remain thin.

On Shanghai market, HRB335 20mm rebar is being quoted at CNY 4750 per tonne to CNY 4770 per tonne; HRB400 grade material is being quoted at CNY 4740 per tonne to CNY 4780 per tonne down by CNY 20 per tonne and up by CNY 20 per tonne respectively from last Friday. That for commercial wire rod drops by CNY 50 per tonne to CNY 60 per tonne to CNY 4650 per tonne to CNY 4660 per tonne that for hi-speed material saw a great decrease of CNY 30 per tonne to CNY 40 per tonne to CNY 4690 per tonne.

Export offers continue to dive Some producers are quoting rebar (boron added) at USD 750 per tonne FOB down by USD 50 per tonne to USD 70 per tonne from early last week. USD 720 per tonne FOB is also heard for rebar with boron. A Shandong based steel maker say that transaction level over USD 700 per tonne FOB could break even for them. Quotation for wire rod goes at about USD 780 per tonne FOB a drop of USD 40 per tonne to USD 50 per tonne.

(Sourced from MySteel.net)

Shandong Steel Group a regrouping of Jinan Steel, Laigang and Jinling Mining, poses a threat to Rizhao Steel planning to build a 20 million tonnes per year primary steel base in the port city as reported.

The insiders said that "The coastal city can only house one steel base, and if Shandong Steel Group is approved to do that, Rizhao Steel must be stricken greatly."

As reported, freight for carrying iron ore from the port to Rizhao Steel is only CNY 2.4 per tonne as opposed to over CNY 100 per tonne to inland Shandong, while shipping Rizhao Steel's products to Shanghai needs only CNY 70 per tonne compared with the road transport price of CN Y 200 per tonne. Amid the increasing cost pressure over Chinese steelmaker adjacency to the sea is particular appearing as a whip hand.

According to Mysteel analyst Mr Xu Xiangchun placing steelmakers along the coast is in line with the national policy, generally, it's unlikely to position two large steel bases in one such area.

A plan that let Shandong Steel Group take over Rizhao steel, expanding it on its former address, has failed for various reasons, one of which is private ownership of the target company.

(Source: Financial Times)

It is reported that hot dipped galvanized coil offers are largely unchanged and this is also the case with domestic market prices.

On Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 6320 per tonne down by CNY 150 per tonne from last Friday. That for 0.5mm HDG by private steel makers is at CNY 6800 per tonne down by CNY 70 per tonne from end last week.

Prevailing export quotation for 1.0mm HDG Z120 goes at around USD 950 per tonne FOB and workable prices are believed to be at USD 920 per tonne FOB. As a matter of fact, some small and private steel mills have already cut quotation to USD 910 per tonne to USD 920 per tonne FOB.

(Sourced from MySteel.net)

China remained the world's number one producer of stainless steel in 2007 accounting for more than one quarter of 27.6 million tonnes of global output. China had overtaken Japan as the world's biggest stainless steel producer in 2006 with 6.6 million tonnes in 2006 up by 21.7% YoY. Japan followed China as the second largest producer in 2007 with an output of 3.7 million tonnes. In 2006, China's per capita stainless steel consumption hit 4.6 kilograms, rising above the world average of 4.3 kilograms.

China produced 7.206 million tonnes of stainless steel in 2007 up by 1.906 million tonnes or 35.96% YoY. Import volume hit 1.698 million tonnes down 32.08% YoY and export volume reached 1.303 million tonnes up by 44.78%. Thus net imports totaled 395,000 tonnes including 204,000 tons of semi products and 115,000 tons of narrow plate and exports of HR sheet reached 328,000 tonnes resulting in self sufficiency rate climbing by 15.6% to 75.6%. However, growth of apparent consumption slowed down. Apparent consumption recorded 6.58 million tonnes in 2007 up 630,000 tonnes or 10.59% YoY but 3.61% lower than that in 2006.

As one of the world's fastest growing economies, China has become the most happening place among world steel market over last few years and thus is in the radar of most of global players associated with stainless steel industry. But due to fragmented nature of industry, a comprehensive list of smaller steel makers is not readily available.

Published in July 2008, “Directory of Stainless Steel Supply Chain in China” is one of the top sources of information available on stainless steel related companies in China. It is one of the most comprehensive and accurate directory of Chinese companies that have ever been published. This powerful report is your connection to the entire Chinese stainless steel industries sector.

This report will be extremely useful to businesses that deal specifically with companies from stainless steel industry, ferroalloys, consumable suppliers, raw material sellers, equipment makers and others. Whether you are a product manager, in charge of marketing, raw material seller, in equipment business or simply interested to remain in touch with the latest developments in the Chinese stainless steel industries, this directory will save you time and effort in finding the information you need.

Why spend hundreds of hours searching for new contacts? Invest in a copy TODAY!

This report covers name and product details of 246 of Chinese stainless related firms in Alphabetical order and product category based. Look at the information you'll get in this directory

• Company name - 246 entries
• Address – 246 entries
• Contact person – 241 entries
• Mobile number – 168 entries
• Phone number - 246 entries
• Fax number - 246 entries
• Email - 246 entries
• Web site - 243 entries
• Category
• Products & Services

Report Summary:
1. Published: July 2008
2. Format PDF File (Delivery by Email on receipt of payment)

Price: USD 800 or equivalent in INR
(Additional Charges would be levied for delivery of file on a CD or in printed form)

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It is reported that the Inner Mongolia government has made up its mind to advance a new energy saving campaign after the region failed to achieve its target of reducing per unit GDP energy consumption by 5.26% in 2007.

Mr Ya Saning director of the Economic Committee of Inner Mongolia Autonomous Region said in an interview that in order to realize the target of reducing per capita energy consumption by 5% in 2008.

The government recently issued a series of new measures to strengthen efforts to limit production on the heavy-energy consuming industries such as calcium carbide and ferroalloy, lift electricity fees on these industries by CNY 0.07 per kilowatt hour, encourage them to expand industry chains, enhance high value added levels and pay extra subsidies to those suffering great from eliminating outdated capacity.

He did not rule out a possibility of having local producers of calcium carbide and ferroalloy closed up by the end of the third quarter of this year if necessary and finally driving them out of the region.

It is reported that Baotou Steel held an acceptance signing ceremony for a 1.4 million tonne per year wide heavy plate mill contracted by Siemens and SMS Demag of Germany on September 10th while striking a long term cooperation agreement with SMS Demag.

As per report the operation of the plate mill, led to a balance among the production of pig iron, steel and steel products, is part of a 10 million tonne per year steel project and a key project for structural adjustment of Baotou Steel.

It is reported that Baosteel Resources and Guizhou Shuicheng Mining Group struck a strategic letter of intent to secure a long term and steady coal supply.

As per report, the LoI covers capital cooperation, development of new coalmines, purchase and buying of coal, coal coking projects, consolidation of local smaller mines and setting up logistics firm.

It is reported that Baosteel is among the forerunners in China whose conception and management on environmental protection is showing great foresight.

As per report the group has successively developed hot rolled high strength sheet, cold rolled high strength IF steel, water based self adhesive coating electric steel and chrome free anti fingerprint galvanized sheet since 2004, following it passed ISO14001 environmental management system certificate in 1998.

Baosteel solid waste utilization ratio reaches more than 98 %. Blast furnace slag, as a concrete material after being processed, has widely been used in the construction of key projects in Shanghai such as electromagnetic suspension railway and the Lupu Bridge.

It is reported that China province medium plate production in January to August 2008 total 23.86 million tonnes down by 20.2% YoY as compared to 19.85 million tonnes in January to August 2007.

In million tonnes

(Sourced from MySteel.net)

China Economic Review reported that Chinese port operator Tianjin Port Development Holdings reported a first half net profit of USD 18 million up by 19% YoY. Revenue rose 8.6% to USD 79.8 million.

According to the report, Tianjin Port, which handles both container and bulk cargo, bought a 40% stake in a Tianjin container terminal in July last year.

The company became the largest shareholder of Alliance International Container Terminal, which has four berths with a designed capacity of 1.7 million TEUs.

It is reported that recently, Mr Xu Lejiang President of Baosteel Group, together with his delegation has visited China First Heavy Industries. Mr Wu Shengfu GM of First Heavy and Mr Zhao Lixin, party chief of First Heavy extends their warm welcome to Mr Xu's delegation. Profound and friendly exchanges have been made by both parties in terms of further extension of strategic partnership and enhancement of manufacturing capabilities on domestic metallurgical equipment.

As per report, first Heavy Group takes a leading position in domestic machinery manufacturing sector, with its total output up to CNY 8.3 billion last year. This year, this value will probably exceed CNY 12 billion.

Mr Xu's delegation has visited the exhibition hall, military equipment plant, heavy machine plant and roll plant of First Heavy, as well as Baosteel supervision team staff in First Heavy. Accordingly, profound exchange is made it terms of such issues as further expansion of strategic cooperation. Mr Wu Shengfu indicates that during many years' good cooperation between First Heavy and Baosteel, substantial development has been obtained. It is hopeful that First Heavy can further involve in Baosteel's new round development and continue to supply services in machinery manufacturing for Zhanjiang project, etc. Apart from the service itself, quality and time schedule shall be ensured to satisfy the customer. With regard to such aspects as independent integration of complete equipment, more cooperation shall be extended with Baosteel.

Mr Xu has extended his gratitude to First Heavy for its support ever since. He said that as a powerful strategic partner of Baosteel, First Heavy has provided excellent services for many years, which is the foundation for the further cooperation in future. At present, new strategic development plan is being implemented by Baosteel, there must be more cooperation between Baosteel and First Heavy in future. Mr Xu hopes that more pursuit shall be attached by both on the independent integration and innovation of equipment so that more contribution shall be made for metallurgical machinery manufacturing capabilities in China. Mr Xu wishes that more support shall be attached in First Heavy's roll supply to Baosteel and full play should be given to the supply of backup roll for heavy plate mill in particular.

Ukrainian New Agency cited Mr Volodymyr Novytskyi industrial Policy Minister of Ukraine as saying that the Industrial Policy Ministry is forecasting a shortage of about 10 million tonnes of coking coal in 2009.

Mr Novytskyi said that “Shortage of coking coal is a serious problem that cannot be solved quickly. The shortage will be the result of importation of small quantities of coking coal, the absence of a deep water port, and insufficient volumes of mining by Ukrainian enterprises.”

Mr Novytskyi said that the problem of shortage of coking coal would be solved by increasing the volume of importation of coking coal from Russia, increasing the volume of coal mining in Ukraine, and construction of deep water ports.

RIA Novosti cited Mr Alexei Kudrin finance minister of Russia as saying that the Russian government will order a cut in export duty on crude oil exports from USD 485.8 to USD 372 later this week.

He said that "Later in the week, the government will approve the decision to reduce customs duties on crude oil and petroleum products as of October 1st."

As per report, the government adjusts export duty on crude and petroleum products every two months, depending on the price for the Urals blend on world markets.

Mr Alexander Sakovich deputy head of the ministry's customs payment department said the average crude price was USD 97.297 per barrel for September 1st to 17th and therefore, the export duty would reach USD 372.2 per tonne. Meanwhile, Mr Kudrin said the cut in the crude export duty from October 1 would enable Russian oil companies and refineries to save a total of USD 5.5 billion

'Directory of Electrical Steel Users in India' is one of the top sources of information available on electrical steel users in India. It is one of the most comprehensive and accurate directory of electrical steel users in India.

Published in May 2008, 'Directory of Electrical Steel Users in India' has been comprehensively researched and prepared, to bring you a fully up to date guide to Indian users of electrical steel. This report will be extremely useful to businesses that deal specifically with companies in the electrical steel segment.

This report will enable you to profile electrical steel users in India, build new business prospects, generate new customers, discover who your competitors are and make vital contacts. You would save the time, money and effort of doing your own research. This directory has been especially compiled to assist with market research, strategic planning, as well as contacting prospective clients or suppliers.

Why spend hundreds of hours searching for new contacts? Invest in a copy TODAY!

This report covers name and product details of 340 of Indian electrical users in Alphabetical order.

Look at the information you'll get in the 'Directory of Electrical Steel Users in India'

• Company name -340 entries
• Address-340 entries
• Phone number-338 entries
• Fax number -317 entries
• Email -300 entries

Report Summary:
1. Published: May 2008
2. Format PDF File (Delivery by Email on receipt of payment)
3. Total no of pages – 190

Price: USD 625 or equivalent in INR
(Additional Charges would be levied for delivery of file on a CD or in printed form)

You can order your copy to reports@steelguru.com

Interfax cited Mr Dmitry Dzyublo head of Gazflot's geological department said at an oil and gas conference Gazflot, a subsidiary of Gazprom is planning to drill seven exploration wells at the Kirinsky block of the Sakhalin 3 project in 2009-2010.

Mr Dzyublo said that drilling work would not only be carried out at the Kirinsky field, for which Gazprom acquired the license recently, but also at the Yuzhno-Kirinsky and Myginsky structures of the Kirinsky block. Two wells are to be drilled at the Kirinsky field next year.

Gazflot's main drilling rigs Amazon and Obskaya are currently working in the Arctic, thus the company will have to rent drilling equipment on the market to fulfill the drilling program at Sakhalin. Mr Dzyublo said that a rented drilling rig is currently being used at one of Gazprom's Arctic fields Dolginsky.

Gazflot's operating plan envisions the drilling of three wells with total depth of 6,900 meters in 2009 and four wells with overall depth of 12,700 meters in 2010. As a result of the drilling, total reserves at the block are to grow to 500 million tonnes of standard fuel. According to the work schedule, the reserves will be sold to the State Reserves Committee for protection in 2010.

It is reported that the Cabinet Ministers of Ukraine is proposing that Verkhovna Rada allocate USD 8,690.463 million as compensation for losses the Naftohaz Ukrainy national joint stock company will suffer from purchase and sale of imported natural gas in 2009.

This follows from the explanatory note to draft law No. 3000 entitled “On the National Budget of Ukraine for 2009", registered by the parliament on September 15th.

As per report the compensation is provided to reduce the cost of heat energy generated by municipal heat and power enterprises for the need of the population.

As Ukrainian News earlier reported, in January to July, the Cabinet compensated to Naftohaz Ukrainy UAH 5,596.5 million of difference in the prices of purchase and sale of imported natural gas, with the 2008 national budget stipulating UAH 4,335.847 million to those ends.

The cabinet recommended that Verkhovna Rada increase the compensation for Naftohaz Ukrainy by UAH 3,707.05 million to UAH 8,042.895 million in 2008.

It is reported that the mayor of Kyiv Mr Leonid Chernovetsky declared Kievenergo will not suffer any cuts in its natural gas supply.

Contrary to previous announcements by Naftogaz’s daughter company Gaz Ukrainy the mayor stated that he received assurances from Naftogaz Ukraine that supplies will not be cut. On the same day the Kyiv city council announced the disbursement of USD 7.2 million to KIEN as part of the USD 37.5 million allocated to the compensation of the company’s uneconomical district heating tariffs.

(Sourced from Millennium Capital)

Mr Ratan Jindal vice CMD of Jindal Stainless Limited said that it is unlikely to cut product prices in the immediate future because of prevailing higher input costs.

Mr Jindal said that the rupee has weakened very sharply, leaving no room for us to cut prices. He said that “The rupee’s decline against the dollar has increased the cost of inputs such as nickel.”

JSL had cut product prices earlier this month and in April 2008.

According to information from China, the negotiations with Chinese consumers on price of manganese ore for shipments in October to December 2008quarter are being taken place from this week. It was also informed that a major manganese mine of Australia proposed Chinese side a small rise of 5 cents to10 cents per Mn 1% and these rises are applied to the cargoes contracted with major producers of ferroalloys in China on quarterly base under the yearly contracts.

It was informed that the prices of Australian manganese ore offered for shipments in October to December 2008 quarter are USD 16.30 per Mn 1% CIF China for lumpy ore with Mn 44% as compared with USD 16.20 for July to September 2008 quarter, USD 17.35 per Mn 1% CIF for lumpy ore with Mn 48% as compared to USD 17.30 for July to September 2008 quarter and USD 15.90 per Mn 1% CIF for lumpy ore with Mn 42% as compared with USD 15.85 for July to September 2008 quarter.

In consequence of that China had been in a hurry to purchase large quantities of manganese ore from the beginning of 2008, more than 7,000,000 tons of manganese ore are anticipated to arrive in China. Therefore, considerable quantities of manganese ore are thought to be accumulated at discharging ports and ferroalloy producers. Apart from this aspect, the price of silicomanganese to be exported from China has remained as nearly unchanged from USD 2,350 per tonne CIF Japan for the last 6 months since March 2008 or fallen somewhat but a rise of price for silicomanganese to cope with an increase of the cost to produce is so far not seen. A straight bullish attitude for sales of silicomanganese emerged from summer of 2007 is supposed to be coming to a temporary turning point.