PIG IRON MAKERS TO HIKE PRICES TO OFFSET HIGHER COKE IMPORT COSTS
Article Abstract:
Pig iron producers are raising the prices of their products by Rs400-Rs600 per tonne. The move is aimed at offsetting the higher cost of imported coke as the government of India has levied an anti-dumping duty on Chinese coke. The cost of Chinese coke has increased by Rs1,800 a tonne. The proposed hike by the pig iron producers is expected to represent a 6-8 percent hike over the existing price level of Rs7,500-Rs8,000 a tonne. (ag)
Comment:
India: Pig iron producers are raising prices of their products by Rs400-Rs600 per tonne
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HIGH CHINESE COKE DUTY HITS PIG IRON OUTPUT
Article Abstract:
Pig iron and steel mini-blast furnaces have been adversely affected by the higher cost of Chinese coke due to the imposition of the anti-dumping duty. The industry had added additional capacities of 4.5 million tonnes for pig iron and steel at a cost of Rs4,200 crore based on the availability of Chinese coke. Four units have already closed down their blast furnaces while five units have not been able to start production. (khr)
Comment:
India: Pig iron & steel mini-blast furnaces is adversely affected by higher cost of Chinese coke due to anti-dumping duty
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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TISCO LIKELY TO DIVEST STAKE IN TATA METALIKS
Article Abstract:
Tata Iron and Steel Company (Tisco) plans to relinquish control in Tata Metaliks Ltd, a pig iron producer based at Kharagpur. Tisco currently holds about 47 percent in the Rs25 crore equity of Tata Metaliks. Sources say that a US-based multinational has already completed a due diligence report and fixed the acquisition price at Rs12 for each fully paid up equity share of Rs10 of Tata Metaliks. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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