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Coal block allocation case - CBI wants summons for 2 on corruption charges - SteelGuru


Coal block allocation case - CBI wants summons for 2 on corruption charges
SteelGuru
It is reported that the CBI moved a special court for issuing summons against two government officials in the coal block allocation case against Kamal Sponge Steel and Power Ltd under corruption charges. Public Prosecutor Mr VK Sharma moved a plea ...

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North Korea might start exporting coal for metallurgy in 2015 with Russian ... - SteelGuru


North Korea might start exporting coal for metallurgy in 2015 with Russian ...
SteelGuru
Mr Oleg Shishov CEO of LLC NPO Mostovik said that the implementation of the Russian-North Korean project Pobeda (Victory) will make it possible for North Korea to start exporting metallurgical coal in 2015, one of the participants in the project. Mr ...

Flat and long steel prices plummet further across regions in India on month end - SteelGuru


Flat and long steel prices plummet further across regions in India on month end
SteelGuru
On the expected lines steel prices plummeted at Delhi, Mumbai, Indore and Raipur further on month end painting a bleak picture ahead for domestic steel mills as they will have to take a call for prices for November shipment now as almost all products ...

Rules before starting for coal block e-auction - SteelGuru


Rules before starting for coal block e-auction
SteelGuru
Business Standard reported that the government is likely to issue at least a dozen sets of rules before starting the e-auction of coal blocks, promised under an ordinance of last week. In the first phase, 74 blocks would be auctioned. The Supreme Court ...

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ArcelorMittal announces new team for North America - SteelGuru


ArcelorMittal announces new team for North America
SteelGuru
ArcelorMittal has announced important organizational moves to enhance performance in North America, where operations represent one quarter of the company's steel shipments and profits. The efforts are focused on improving operational performance in ...

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Gujarat's Piramal Glass and other gas units shuts as GAIL cut supplies - SteelGuru


Gujarat's Piramal Glass and other gas units shuts as GAIL cut supplies
SteelGuru
PTI reported that state-owned GAIL India Limited's drastic cut in natural gas supplies to small industries in south Gujarat has led to few gas units like Piramal Glass shutting down part of their operations. GAIL last month selectively slashed gas ...

Shapoorji Pallonji starts AKH Tower work at Dammam in Saudi Arabia - SteelGuru


Shapoorji Pallonji starts AKH Tower work at Dammam in Saudi Arabia
SteelGuru
Designer-contractor Shapoorji Pallonji Mideast, the regional arm of the Indian business conglomerate Shapoorji Pallonji Group, has begun substructure work on the 150 meter tall Al Abdulkarim Tower (AKH Tower) in Dammam, Saudi Arabia. The 40-storey ...

India to consider law for auctioning mineral mining permits - Report - SteelGuru


India to consider law for auctioning mineral mining permits - Report
SteelGuru
People familiar with the plan said that India may auction permits to mine iron ore, bauxite and some other minerals, mirroring a policy for coal after the nation's top court ordered scrapping of arbitrary allocations. The two people, who asked not to ...

PPGI/PPGL imports into India surge by 839pct YoY in September - SteelGuru


PPGI/PPGL imports into India surge by 839pct YoY in September
SteelGuru
According to Indian Custom's data, imports of PPGI & PPGL in September surged by 839% YoY signalling further pain to already suffering Indian PPGI mills. While the surge in import volumes in September is unprecedented, the trend has been continuing for ...

BPCL aims to double refining margins with Kochi refinery expansion - SteelGuru


BPCL aims to double refining margins with Kochi refinery expansion
SteelGuru
Reuters reported that India's state-owned Bharat Petroleum Corporation Limited aims to double its refining margins once it completes the expansion and upgrade of its Kochi refinery in southern India to process high sulphur crudes by 2016. Mr Neeraj ...

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