Economic Times reported that JSW Steel chairman Mr Sajjan Jindal said his company will approach a higher court to seek immunity against claims arising from alleged money laundering frauds at Bhushan Power and Steel. He told ET “We want a neat and clean company, and we don’t want any confusion. We as a resolution applicant…
At a time when exports are battling a global slowdown, the latest restriction on steel product imports will add to the woes of India’s engineering goods exporters, said the Engineering Export Promotion Council (EEPC). Steel is raw material for engineering goods companies. In a letter to Union Commerce and Industry Minister Piyush Goyal, EEPC Chairman…
China’s rebar prices were unchanged in both domestic and export market on Thursday September 12 amid thin trading. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($513-517) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Buyers from the construction sector had stocked up on materials in the past three days, ahead of a public…
The Guardian reported that a steel company Celsa Manufacturing UK, which has admitted health and safety failures over the deaths of two workers who were killed in an explosion at a plant in Cardiff, could be fined up to GBP 1.5 million. Celsa Manufacturing UK entered the plea on Wednesday, the day their trial was…
Magnitogorsk Iron and Steel Works (MMK), as part of its environmental programme, has begun reconstruction of the gas outlet at sinter plant No. 3. This will significantly reduce the plant’s anthropogenic impact on the environment. The project’s investment will amount to RUB 190 million. The reconstruction project will replace the duct which connects the sinter…
Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks. Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week…
Tata Metaliks Ltd has announced that the second blast furnace and its associated facilities in Kharagpur will undergo a planned shutdown, for maintenance and overhauling from September 12, 2019 at 10.00 AM. The operations are expected to be back on stream from September 16, 2019 at 10.00 PM. Source of information
As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works (MMK), MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation (RPA). The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by…
