SAIL, 6 GLOBAL STEEL MAJORS CLIMB SUPER CAR BANDWAGON
Article Abstract:
Steel Authority of India Ltd (SAIL) and six other international steel companies have become members of the super car project club. Super car project was launched in Miami in February 1999. Tata Steel is a partner of the International Iron and Steel Institute promoted UltraLight Steel AutoBody (Ulsab) project. Ulsab is promoting an advanced vehicle concept (AVC) programme which will make use of ultra light steel in closures, suspensions, engine cradles and all structural and safety components in automobiles. Aceralia of Spain, Baosteel of Shanghai, China Steel, LTV of USA, Nova Hut of the Czech Republic and Weirton of the US are other members of super car project club. The club was floated by 26 companies including Nippon Steel, US Steel and British Steel. Porsche Engineering of Michigan is the consultant for Ulsab-AVC project. (rk)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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COMPETITION: INDIAN STEEL LOSES EDGE
Article Abstract:
Indian steel makers are losing the competitive edge against cheaper products from Japanese, Korean and CIS steel makers due to high interest cost, high cost of power and increased operating costs. Domestic players are finding it difficult to match the import prices of surplus steel being exported by foreign steel producers. The cost works out to $220 for domestic companies to produce one tonne of hot rolled coils while foreign steel makers are exporting the same at cheaper prices. The cheaper imports have destabilised domestic steel prices and forced local companies to offer discounts, cut production and even postpone investment plans. (khr)
Comment:
Indian steel makers are losing the competitive edge against cheaper products from Japanese, Korean and CIS steel makers due to high interest cost, high cost of power and increased operating costs.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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INDIAN DEVELOPS NEW PROCESS OF MANUFACTURING STAINLESS STEEL
Article Abstract:
Mr Ranjan Sen, an Indian metallurgist claims to have developed a a new process of manufacturing steel. He has applied for a patent for the same. The new process enables a cost reduction of about Rs5,000 per tonne of stainless steel from the current levels of production. The new process is based on blast furnace technology. This involves a chemical reduction of a mixture of prepared and partially processed iron ore and chromate ore by coke. He also states that stainless steel of all grades can be manufactured by the blast furnace method.(uh)
Comment:
Mr Ranjan Sen an Indian metallurgist claims to have developed a new process of manufacturing steel
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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