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OUR PUBLICATIONS
 IRON & STEEL REVIEW
A Global Publication on Steel & Heavy Engineering
Highlights:
India poised to make it big
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METAL ASIA
A Complete Metal Magazine
Highlights:
Chinese Aluminium industry on a prosperous journey
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CASTING TECHNOLOGY
Application of numerical modelling in SSM automotive brake calliper castings
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STEEL, METALS & MINERALS INTERNATIONAL
Steelmaking raw materials - the recent trends
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IRON & STEEL REVIEW
November 2007 issue
ABB in metal space |
• CIL to ramp up production to bridge demand-supply gap
• Vesuvius the first company in West Bengal to complete National Social Security formalities
• Nellore to home India’s biggest integrated steel plant
VIEWPOINT
Expansion plans facilitated by relatively unexploited raw material base
The year 2006 was instrumental in the history of Indian business witness the coming of age of Indian business – a global bull run that percolated to India, an economy that moved in top gear and the arrival of India Inc on the global arena. The current industry structure will be supportive of increased earnings stability and margin performance in 2007 and beyond. Continued industry consolidation, improved production discipline, focus on sustainable margins, and the need to cover high raw material costs should contribute to more fundamental soundness in the steel industry. Prices are likely to soften in 2007, but remain at levels that will continue to support relatively attractive returns.
FOCUS
Steel makers to benefit from demand growth
Steel producers will continue to benefit from strong demand and industry consolidation, but higher raw material costs may be a problem, according to credit ratings agency Moody’s. Demand for steel globally is expected to remain solid in 2007 and into 2008, given the forecast for the world GDP growth over the next two years, it said in an industry outlook report. Polish and Russian steel use will grow even more quickly than forecast GDP growth of 5-6% in 2007, it said, while activity in the mature economies of Western Europe was also expected to improve. On that basis Russian steel producers NLMK, MMK, Evraz and Severstal should enjoy a strong year, it said, as should the eastern European operations of ArcelorMittal, Zaporozstahl and Azovstahl.
RAW MATERIAL
Iron ore resources, quality and availability for iron making in emerging steel scenario in India
The pacific rim during the recent years and enforceable future will continue to be the growth center for the world steel industry. The growth scenario has been shifted from region to region, from country to country, starting with Japan in late 50’s, the Korea and Taiwan in 70’s and now the China, South East Asia and India. The leading growth area is China followed by India, Korea and Taiwan. Each area as its own competitive strength: Korea – productivity and fairly low cost labour; Australia-low cost ore & natural gas and India-low cost labour and low cost high grade iron ore.
SPECIAL FEATURE
ABB in Metal Space
The ABB Group of companies operates in over 100 countries and employs about 111,000 people. As one of the world’s leading engineering companies, ABB’s technology competence broad application know-how and global presence offers customers easy
access to leading electrical engineering and industry automation solutions and systems.
STEEL TECHNOLOGY
Recent developments in bar and wire rod technology
Since 1888, Morgan Construction Company has brought most of the technological innovations to the modern rod mill industry. These developments include: the Stelmor® Controlled Cooling system and the No-Twist® Mill in the 1960’s; the Vee No-Twist®
Mill and new Stelmor® developments in the 1980’s; mini-block technology, high speed laying head, coil reforming developments, and the Morgan Reducing/Sizing Mill in the 1990’s. These and other advances in equipment and process design can be intelligently
applied to new and existing rod and bar mills to benefit mill operations and product quality.
STEEL PLANT
Bokaro Steel Plant - Reaching New Horizons
Conceived as the first Swadeshi steel plant of the country and the fourth steel plant in public sector, the construction work of Bokaro Steel Plant, began in 1965 in collaboration with Soviet expertise.
A lot of water has since flown down the river Damodar, on the banks of which Bokaro Steel City housing Bokaro Steel Plant is situated. Bokaro Steel Plant started under the aegis of Bokaro Steel Limited - a separate company under the Ministry of Steel - which subsequently became a unit of the Steel Authority of India Limited (SAIL) when Hindustan Steel Limited, Bokaro Steel Limited and a host of other steel related companies were merged to form SAIL on 24th January 1973.
STEEL MARKET
Indian companies’ profits will be good Even if a downturn
Global economy is spinning wildly because of better communication, leading to the finding of small pockets that contain raw materials. At the same time, raw materials have become expensive, and companies are struggling with high input costs. The global steel industry entered a new phase in 2003. It is described as steel’s ‘age of discontinuity’ as it was essentially a transition from the earlier state when the industry was developing slowly. But since then, demand has grown faster; industries are more concentrated and the industry is in the midst of a technological revolution. The second half of the present year might see a weakening in global steel prices. Production capacities are increasing fast. Chinese mills are facing high raw material costs and
will suffer from sizeable increase in their currency. Over-supply is possible.
STEEL INTERNATIONAL
World’s most powerful clutch operated screw press
At a press force of 35,500 tons, the world’s most powerful clutch-operated screw press from SMS Meer (Eumuco Hasenclever Product Unit), Germany, sets a new standard. The press is operated by the stainless steelmaker Böhler-Uddeholm and its
affiliate Böhler Schmiedetechnik GmbH & Co. KG, Kapfenberg, Austria, a company whose majority is meanwhile owned by voestalpine AG.
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