steel product news

steel product News, Video News

System popular with steel makers, garden centres and luxury gift groups
An increasing number and variety of companies are using Islamic finance to raise money for expansion, research and product development, writes David Oakley...
2008-11-09 23:00:37
JSW Steel to cut output by 20% in Nov
Mumbai, Nov. 7 Announcing a five per cent growth in crude steel production to 3.38 lakh tonnes for October over the corresponding period of last year, JSW Steel said it plans to rationalise its product...
2008-11-08 09:31:12
Core sector growth dips to 5.1 pc in Sept '08
New Delhi, Nov 7 UNI Growth of country's six core infrastructure industries slowed to 5.1 per cent in September 2008 from 5.8 per cent in the year-ago month, the government...
2008-11-08 01:00:00
JSW to cut production by 20 pc
Mumbai, Nov 7 UNI Lack of demand has forced JSW Steel to cut it production mix resulting in 20 per cent lesser production from this month. The Company...
2008-11-07 18:24:20
Mittal may change size, product mix in Indian projects
Global steel giant ArcelorMittal's L N Mittal has said that changes could be made in the size and product mix in the company's proposed steel projects...
2008-11-06 16:20:19
Cheap steel imports hit domestic firms
Lack of demand for steel products and restrictions on dumping in the US and European countries have made steel-producing nations such as Russia...
2008-11-05 00:41:51
U.S. Steel Q3 profit soars, but sees decline in Q4 results - Update
United States Steel said its profit climbed more than three-folds in the third-quarter, helped by higher prices that boosted results at its tubular and flat-rolled steel segments. However, the company...
2008-10-29 06:00:00
Tata Steel net rises on volumes, value-added products
Tata Steel has attributed the 50 per cent growth in net profit for the second quarter of this year over the same period last year to higher volumes and sale of better value-added products. Steel production during the quarter under review was
2008-10-25 14:11:31
KARLSKOGA/STOCKHOLM
INT1International/DefenceBofors Karlskoga headquarters breached by peaceniksBy Alfred de TavaresKarlskoga/Stockholm, Oct 18 IANS Four Swedish peace activists penetrated the fortress-like security at two facilities of ordnance company Bofors in southern Sweden and sought to sabotage the piled up supplies destined for export to India.The activists entered the Karlskoga and Eskilstuna facilities of Bofors Thursday night and claimed to have damaged grenade launchers of the Carl Gustaf brand meant for supply to India. "The activists got into our workshop where Carl Gustaf grenade-launchers as well as the spare parts that make up Bofors-UAE's continuous ongoing refurbishment of the Indian armed forces' requirements are manufactured," Christer Heneback, information chief for BAE Systems Bofors, told IANS in Karlskoga Friday."However," continued Heneback, "I must confess that the damage done was more to our pride than our goods. That, despite the most ultra-sophisticated alarms systems that Bofors has in place, four civilians could effect entry right into our innermost work and storage places with such relative ease. But this will in no way detrimentally influence our Indian order." "All the four activists were apprehended within a very short period by the company's own security guards and arrested by the police. They were charged with unlawful entry, extensive material damage and crime against the law," said Svante Melin, Criminal Commissioner with the county police criminal branch in Eskilstuna. "There has been considerable damage inside the factories but its extent has not yet been estimated."The police was informed after midnight about a break-in at the Saab Bofors Dynamics weapons factory. "A 26-year-old woman and a 35-year-old man entered into the factory area by cutting a hole in the steel fences," said Svante Melin. Maja Backlund, spokesperson for OFOG, the group that assumed responsibility for the action, told IANS: "Civil disobedience and action are most vital parts of democratic development. Our colleagues who breached the Saab Bofors Dynamics factory managed to damage 25 grenade launchers of the Carl Gustaf brand that are in extensive use in Kashmir and other war zones in India."Lasse Jonsson, spokesperson for Saab AB,said: "They have scrapped a quantity of weapons' spare parts that awaited export. Only after the police investigation has been completed will we be able to calculate the exact extent of the damage caused."According to OFOG, "In Karlskoga our other two activists, a 24-year-old woman and a 37-year-old man went straight for the Indian order's jugular. Before they could be neutralized, they had succeeded in inflicting visible damage on several field howitzers 77B."Before being apprehended by security, the duo had managed to roll out and fix a poster on a door, with the message: "IN THIS FACTORY ARE MANUFACTURED WEAPONS THAT ARE USED TO WAGE WARS - DISARMAMENT IS UNDERWAY."India has emerged as the biggest ever single client for Bofors products: "The Indian army, thus far this year, has ordered spare parts worth over 800 million Swedish Kronor from BAE Systems Bofors," says Christer Heneback. The order is a factor in the maintainence of the 100 howitzers that India purchased from Bofors in 1986. Before the year is out we confidently expect the worth of the order to cross a billion SEK. That is really good for us," Heneback said.--Indo-Asian News Serviceat/rn576 Words**18100027
2008-10-18 00:05:05
Tata bats for Buddha, attacks Mamata through huge ads
BUS9Business/Politics/NationalTata bats for Buddha, attacks Mamata through huge adsKolkata, Oct 17 IANS A fortnight after pulling out the Nano plant from Singur, Tata Group chairman Ratan Tata Friday asked the people of West Bengal to support either the Buddhadeb Bhattacharjee-led government "to build a prosperous state" or suffer the "destructive political environment of confrontation" that he said was being espoused by Mamata Banerjee's Trinamool Congress. In an act unusual for an industrialist, Tata made sharp, politically-explosive comments eulogising the state government and running down Banerjee's Trinamool Congress, the main opposition party in the state, through huge advertisements in several dailies here. In the advertisement, headlined "Open Letter to the citizens of West Bengal", Tata urged the people, particularly the younger citizens, to express their views and aspirations as to what they would like to see the state become in the years ahead. "Would they like to support the present government of Mr. Buddhadeb Bhattacharjee to build a prosperous state with the rule of law, modern infrastructure and industrial growth, supporting a harmonious investment in the agricultural sector to give the people of the state a better life"Or would they like to see the state consumed by a destructive political environment of confrontation, agitation, violence and lawlessness Do they want education and jobs in the industrial and high-tech sectors or does the future generation see their future prosperity achieved on a 'stay as we are' basis" Then he went on to fire the salvo that had Kolkata talking Friday morning: "The confrontative actions by the Trinamool Congress led by Ms. Mamata Banerjee and supported by vested interests and certain political parties opposing the acquisition of land by the state government have caused serious disruption to the progress of the Nano plant."Tata said his company had two years ago decided to bring out Nano from Singur as it had "tremendous faith and confidence" in the state government."It reflected the tremendous faith and confidence we had, and still have, in the investor-friendly policies of Mr Buddhadeb Bhattacharjee's government. All through the two years that we have been constructing the plant at Singur, this feeling of faith and confidence in the vision and objectives of the state government has been reinforced. Slamming the Trinamool for leading a farmers' agitation which forced Tata Motors to shift the Singur project Oct 3, Tata said the protests had the backing of "vested interests". Tata recalled that the state was a major centre for heavy industry and steel fabrication in the past, but agitation and violence drove away many industries around 30 years ago. "History appears to be repeating itself. Agitation, violence and terror are overtaking the state in the name of the agricultural community, to serve political goals - stalling progress and destroying the new-found confidence in the state, while doing nothing for the rural poor, other than making promises," he said.Detailing the reasons for withdrawing from Singur, Tata said the company had to endure constant acts of open aggression on the site, occasional acts of violence, breaking of compound perimeter walls, and theft of construction material from within the project area.He squarely blamed the Trinamool for the breakdown of talks with the government to resolve the Singur impasse, saying: "Various attempts at finding a solution were thwarted by the Trinamool Congress' consistent demand that land acquired for the Nano plant and/or its integrated vendor park be returned to the segment of the land owners which the Trinamool Congress party claims to represent." EDITORS PLEASE NOTE: OPTIONAL TRIM BEGINS HERE He also referred to the "intimidation and even physical assault of employees, contract labour and residents of the area to be absorbed in the project. Country bombs have been lobbed into the premises, obstructing the movement of material and personnel into and out of the plant".Tata said that the project had been conceived as an integrated campus of manufacturing facilities and suppliers, so as to maximise integration and minimise logistics and material flow costs."Disruption of this integrated campus would make it extremely difficult for the company to meet its product price and productivity goals," the advertisement said. Tata said he was compelled to write the open letter following statements by vested interests criticising the decision taken by Tata Motors to move out of Singur and claiming that it was hasty and politically motivated."I therefore feel compelled to address the people of West Bengal, to explain how our dream of contributing to the industrial revival of the state has been shattered by an environment of politically-motivated agitation and hostility that finally left us with no option but to withdraw," he said.Tata said his appeal Aug 22 for a more congenial environment only led to an escalation of hostilities through a dharna sit-in led by Banerjee on the highway in front of the plant. "All of you will therefore appreciate that the final and painful decision to move the project out of West Bengal has not been a decision taken in haste, but a decision taken with great regret after a great deal of deliberation," he said."We believe the responsibility for this would lie with the Trinamool Congress, which has created the hostile environment that had obliged the company to move the project form Singur," Tata said.Since its inception in May 2006, the project to roll out the Rs.100,000 $2,250 car encountered strong resistance from the Trinamool-led farmers demanding return of a portion of the acquired land 'forcibly taken' from owners unwilling to part with their land. Tata Motors has since relocated the plant to Sanand in Gujarat.--Indo-Asian News Servicessp/ank/jg989 Words*17101438
2008-10-17 05:05:09

Explore the Worldviewer.com Network Sites

System popular with steel makers, garden centres and luxury gift groups

JSW Steel to cut output by 20% in Nov

Core sector growth dips to 5.1 pc in Sept '08

JSW to cut production by 20 pc

Mittal may change size, product mix in Indian projects

Cheap steel imports hit domestic firms

U.S. Steel Q3 profit soars, but sees decline in Q4 results - Update

Tata Steel net rises on volumes, value-added products

KARLSKOGA/STOCKHOLM

Tata bats for Buddha, attacks Mamata through huge ads