IMPORTS OF FINISHED STEEL SLIDE SHARPLY

Article Abstract:

The imports of finished steel has declined by about 35.2 percent during April 1998 to January 1999. The fall in imports has helped steel producers to reduce their stocks. The consumption of finished steel has shown a growth of only 0.7 percent in the first ten months of 1998-99. The imports of finished steel is estimated at 9 lakh tonnes during the first ten months of 1998-99 compared to 13.88 lakh tonnes during the first ten months of 1997- 98. The government's imposition of a minimum price of $302 per tonne for hot rolled coils in November 1998 has almost stopped its imports. (khr)

Iron and Steel Mills, India, Imports, Blast furnaces and steel mills, Steel Mill Products, Steel products

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RCF, BELGIUM CO IN 50:50 VENTURE FOR METHYLAMINES

Article Abstract:

Rashtriya Chemicals and Fertilisers (RCF) has signed a pact with UCB sa (UCB) of Belgium to establish a 50:50 joint venture to manufacture methylamines. Both RCF and UCB will together invest Rs60 crore in the joint venture in 6 years. RCF's methylamines plant at Thal in Maharashtra will be transferred to the joint venture. The capacity of the plant will be raised to 33,000 tonnes per annum by 2005 AD. (gs)

Comment:

Rashtriya Chemicals and Fertilisers (RCF) has signed a pact with UCB sa (UCB) of Belgium to establish a 50:50 joint venture to manufacture methylamines.

Product development, All Other Basic Organic Chemical Manufacturing, Belgium, Methylamines, UCB S.A., Rashtriya Chemicals and Fertilizers

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