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| Usha Martin to become global leader in wire ropes |
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| Usha Martin Ltd is undertaking a Rs 21 bn expansion project in phases that will cement its position as India's leading specialty steel manufacturer with more than 80 percent market share and make it world's largest wire rope manufacturer. |
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| ArcelorMittal to hold workshop in Koenjhar |
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| ArcelorMittal will hold a workshop for local people in Keonjhar to air their views on the company's proposed Rs 40,000 cr steel plant to be set up there. The district administration will hold grama sabhas to enable people to air their views. |
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| No manipulation in silver prices: new CFTC report |
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| USA's Commodity Futures Trading Commission's Division of Market Oversight has concluded that there is no manipulation of silver prices based on a study of market trading covering the period 2005 to 2007. |
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| Base Metals could also soar like Gold and Oil |
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Commodity Online
MUMBAI: Is weakness in the US currency making dollar-priced commodities such as the metals cheaper for holders of other currencies? |
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| SAIL posts highest ever net profit in 2007-08 |
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SAIL said that its full-year net profit rose by 21.52 per cent, while its gross sales crossed Rs 45,000 crore mark in the fiscal. The company reported gross annual sales of Rs 45,555.34 crore for the year 2007-08.
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| Jindal Saw Ltd's margins may be hit by export tax |
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| Even though JSL being a major player in the industry is expected to benefit from incremental growth in world demand, the export duty will impact the company’s revenues and earnings if the tax is in force for a year. |
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| Welspun's steel co may be hit by 20 % export tax |
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| Welspun Gujarat Stahl Rohren Ltd had posted impressive fourth quarter result for 2007-08 with a 150 percent growth in profits on strong export order books, however, it could be hit by export tax of 20 percent on steel pipes and tubes, analysts said. |
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| Mittal replaces Kinsch as ArcelorMittal chairman |
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Commodity Online
LUXEMBOURG: Two years after the take over of Arcelor by Mittal Steel, Lakshmi Mittal on Tuesday replaced Joseph Kinsch as chairman of ArcelorMittal. |
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| Base metals gain on supply concerns |
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Commodity Online
NEW YORK: Most of the base metals rose Tuesday on the London Metal Exchange overnight fearing supply concerns. |
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| Steel: Why steel is a hot commodity in India |
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Commodity Online
MUMBAI: India's steel industry is surging ahead, entering into global deals and taking the country's economy to new heights. The Indian government plans to invest over US$ 350 billion in steel industries related to infrastructure and construction. |
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| Venezuela nationalizes Sidor |
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Commodity Online
CARACAS: After nationalizing country’s major oil companies last month, Venezuela on Monday completed all formalities to nationalize its largest steel maker Sidor. |
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| SAIL-BEML MoU for crucial equipment supply |
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| Under the MoU, BEML, a Mini Ratna category-1 PSU under the Ministry of Defence, will supply the required equipment at a mutually agreed price for the next three years. |
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| Govt notifies export duty on basmati rice, steel |
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Commodity Online
NEW DELHI: In its desperate attempt to check price, the union government on Monday notified imposition of export duty on steel items and basmati rice. |
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| ArcelorMittal finalizes sale of US steel plant |
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Commodity Online
LONDON: ArcelorMittal, world's largest steel group on Sunday said it has finalized the 810 million dollar sale of a plant in the US to Russian steelmaker Severstal. |
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| Price roll back impact to be minimal on steel cos |
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The steel prices have been rolled back as an anti-inflationary measure.Once the inflation numbers stabilize steel prices are expected to move up.
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| Copper, aluminium fall on supply risks |
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Commodity Online
LONDON: Copper and aluminium fell to a one-week low Thursday in London Metal Exchange on supply disruption risks and low inventory levels. |
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| Copper, lead fall as dollar gains |
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Commodity Online
NEW YORK: US dollar’s surge against the euro had its impact on base metals also as copper prices slipped overnight by $90 a pound at the London Metal Exchange. |
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| Steel Prices: Producers ensure cooperation |
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Commodity Online
NEW DELHI: India’s major steel producers have assured their cooperation in order to check the inflation with the government. |
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| Gold ETFs gold collection rises five percent |
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| The ETFs' gold collections were highest in December 2007 at 4,265 tonnes. |
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| Steel makers agree to lower prices |
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Commodity Online
NEW DELHI: Ahead of their meeting with the Prime Minister, leading steel producers on Wednesday offered to reduce prices of hot rolled coils by Rs 4,000 a tone, as part of efforts to ease inflation. |
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