SAIL TO GO EASY IN WEST, SOUTH INDIAN MARKETS
Article Abstract:
Steel Authority of India Ltd (SAIL) has decided to opt out of the flat steel markets of west and southern India due to the locational disadvantage faced by it. It plans to focus on the steel markets in north and east India to increase sales of its flat products like hot-rolled and cold rolled steel. SAIL's decision is due to the higher freight and transportation costs in western and southern markets. SAIL proposes to increase exports to 1.5 million tonnes during 1998-99 (1 million tonne in 1997-98) to make up for the loss in market share of flat products in west and south India.. SAIL is expected to record a net profit of Rs140-Rs160 crore during 1997-98 (Rs515 crore during 1996-97). (ag)
Comment:
Decides to opt out of flat steel markets of west & southern India due to the locational disadvantage faced by it
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RINL PLANNING EXPORT OF FURNACE SLAG
Article Abstract:
Rashtriya Ispat Nigam Ltd (RINL) has decided to export the granulated blast furnace slag generated by its Godavari and Krishna blast furnaces at the Visakhapatnam Steel Plant (VSP). It has decided to abandon its plans of inviting the private sector to set up a slag-based cement unit near it. RINL-VSP generates more than 1 million tonnes of blast furnace slag every year and sells about half the output in the domestic market. The cost of transporting the slag to cement units across the country has been a detriment and it will be easier to export the slag as VSP is close to a seaport. (khr)
Comment:
Decides to export granulated blast furnace slag generated by Godavari & Krishna blast furnaces at Visakhapatnam Steel Plant
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ISPAT LOOKS TO GERMAN MAJORS FOR FINANCING NEW HR PLANT
Article Abstract:
The Ispat Industries Ltd (IIL) of the Mittals is holding negotiations with trading houses, like Klockner and Ferrostahl, of Germany for exporting its hot-rolled (HR) steel products and financing its new 3 million tonnes HR plant at Dolvi, near Mumbai. Under some of its proposed agreements, the German firms will re-finance part of the debt incurred for setting up the plant. The total investment in the project is estimated to be Rs4,845 crore. The debt will Rs3,377 crore. (gs)
Comment:
Is holding talks w/ Klockner & Ferrostahl for exporting hot-rolled steel products & financing hot-rolled plant at Dolvi in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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