| |
|
| JUNE 2006 | |
| From the CEO's Desk | |
|
We have repeatedly said
through this column that the opportunities in Indian mining and mineral
sector are expanding. D.A.Chandekar |
Padmaja Systems & Services Pvt. Ltd. Wesman Thermal Engineering Process Pvt. Ltd. |
|
Tata Steel to pilot Jharkhand land fertility project In a bid to increase agricultural productivity in around 12 lakh hectare of wasteland in Jharkhand, the state government signed a memorandum of understanding (MoU) with Tata Steel on June 5 to launch a pilot project in 20 acres of wasteland in Ranchi in East Singhbhum district. The project will take up two years and will recycle different types of industrial waste. Birsa Agriculture University (BAU) officials said that lime, dolomite and chemicals were among things that could be used for reducing acidity in soil, but any mode of treatment using these materials was costly. In a recent breakthrough of sorts, a trial conducted by BAU recently revealed that LD slag from steel plant blast furnaces blended with compost could be applied for improving soil productivity. According to an official of the state government, a considerable area of wasteland had already been identified. The area would be treated using this mixture to improve its fertility. The material used would have LD slag as one of the principal components to increase productivity and fertility of the soil and turn the wasteland into a green zone. |
|
|
Public sector steel maker, SAIL, announced today that it was considering the acquisition of the National Iron and Steel Company (NISCO), apart from planned mergers with Neelachal Ispat Nigam Ltd (NINL) and Maharashtra Elektrosmelt Ltd (MEL). The company is on an active merger-and-acquisition drive with eyes set on other public and private sector units, in line with plans to upgrade capacity to 22.55 million tonnes per annum by 2012, with an outlay of Rs 35,000 crore. It has just completed a merger with Indian Iron and Steel Company earlier this year. The Howrah-based NISCO is owned by the government of West Bengal and has an installed capacity of 30,000 tonnes of tor steel, which is used in the construction industry. The sick undertaking was taken over from an official liquidator in the early 1980s and incorporated as a wholly-owned company in 1984. Its production capacity has been falling steadily ever since and it was barely operating at a tenth of its capacity in 2004-05. A SAIL spokesperson said that the West Bengal government had approached it with the merger proposition and the plant was found suitable. The steel behemoth then completed due diligence and its board of directors approved the takeover in March this year. The official added that since the facility already had the basic infrastructure with railway siding, SAIL intends to use its locational advantage to manufacture finished products from the semi-finished steel made at its Durgapur facility located in the same state. This expansion in capacity would need an additional investment but it was too premature to estimate capital outlays, he added. |
|
|
Steel firms reaping geopolitical benefits The Indian steel industry has come of age and chasing its fortunes with calculated risk pertaining to a dynamic global geopolitical climate. A fortnight back, Jindal Steel and Power (JSPL) won a global bid to develop Bolivia's El Mutun mines and plans to invest $2.3 billion in the project. Both Tata Steel and Essar Steel have been in talks with the Iranian government for setting up integrated steel plants at Bandar Abbas with a combined output of about 10 million tonne. Ispat Industries has already invested in Zimbabwe and is believed to be exploring opportunity in Libya and Nigeria. Both Bolivia and Iran have new nationalist governments and volatile political environment. They are both blessed with an abundance of iron ore and natural gas apart from cheap labour. Both are known to have adopted a hardline against the United States with Bolivian President Evo Morales going on record to say that he was on the superpower's hitlist. Iran's insistence on developing its nuclear programme has irked most of the global powers. Morales nationalised Bolivia's oil and gas industry last month. He in fact sent troops to occupy the oil and gas fields and ordered foreign companies to renegotiate their agreements with state-run energy company YPFB or face expulsion. JSPL, however, said that its proposed $2.3 billion investment in South America's poorest country Bolivia (largest FDI there) is driven by abundant opportunity there. "If you have the resources, then country is not a barrier. The abundance of energy, ore and labour is too good an opportunity to ignore besides the captive market there," says Vikrant Gujral, JSPL's vice-chairman and chief executive, who spent over a week in La Paz, Bolivia's capital, hammering out the deal with the government. |
|
|
Power cuts lead to hike in steel prices in Punjab Steel prices have increased marginally in Punjab, ranging between Rs 200 and Rs 300 per metric tonne, due to the three day mandatory power cut per week imposed on induction furnaces by the Punjab State Electricity Board (PSEB). However, the prices are expected to remain stable in the coming weeks in view of the matching demand and supply, according to traders. The prices of ingots and saria (finished products of furnaces) rose from Rs 20,200 and Rs 23,800 per Mt to Rs 20,500 and Rs 24,000 per Mt respectively. The prices of scrap, which is the key input for furnaces, has come down by Rs 500 per Mt due to a three-day closure of furnaces. However, there was no impact on the prices of other steel products such as HR coils, due to the power cut. In view of the power shortage in Punjab, PSEB has imposed a three-day compulsory power cut on ARC and induction furnaces. The reason behind minor hikes in the prices of ingots and saria was the continuous supply of both these products from Orissa and Himachal Pradesh. “The constant supply of ingot and saria from other states did not allow the prices to go up substantially,” said a steel trader in Mandi Gobindgarh. There are around 150 ARC and induction furnaces operating in Punjab. About 4,000 Mt of ingots per day are produced in the state and an equal quantity of ingots arrives from Orissa and HP, which is meeting the required demand of state rolling mills. |
|
|
No ore, no project: Mittal Steel warns Jharkhand The Rs 40,000-crore proposed project of Mittal Steel in Jharkhand could get “inordinately delayed” if the steel behemoth does not get a written assurance from the Arjun Munda government within the next couple of months on the supply of high-grade ore from the Chiria mines. “We are hoping that the Chiria mine issue is resolved at the earliest. Work on the detailed project report (DPR) cannot begin unless the Jharkhand government gives us a guarantee on the long-term supply of ore from these mines,” Mittal Steel Jharkhand Pvt Ltd Chief Executive Sanak Mishra said. The Chiria mines, located in the southern part of the state in West Singhbhum district, are India's oldest iron ore mines, having been commissioned way back in 1907. With estimated reserves of over 2.5 billion tonnes, the mines have become a corporate hotspot with steel companies lining up to obtain a share of the Chiria pie. They are known to have among the highest-grade iron content in the world. From 1947 to 1982, Indian Iron and Steel Company (IISCO) now a subsidiary of Steel Authority of India Ltd (SAIL) obtained leases for 10 mines in Chiria, of which three were cancelled by the Munda government in January last year with an intention to sign fresh leases with private companies. SAIL moved the Jharkhand High Court, which stayed the government's move saying that status quo should be maintained. The court is yet to give its final ruling on the issue. “If we don't get a written commitment from them by August or September this year, there could be an inordinate delay in the project. We have told them that unless there is a guarantee from their side, there will be no investment,” said Mishra. For their proposed 12 million-tonne steel plant Mittal's first greenfield project the company requires 600 million tonnes of high-grade ore over a period of 30 years and is keen on Chiria for its known reserves. In June last year, technical experts from the company's London office flew down to appraise the quality of iron ore at the mines. |
|
|
Jindal Steel to invest $2.3bn in Bolivia Jindal Steel & Power Ltd. announced a $2.3 billion investment in Bolivia over the next 10 years to develop iron ore mines and build a steel plant, a move that is likely to improve the company's access to raw materials and help it control costs. The steel plant will have an annual capacity of 1.5 million metric tons, Naveen Jindal, executive vice chairman and managing director of Jindal Steel, told reporters. The plant will also have the capacity to make 10 million tons of steel pellets and 6 million tons of sponge iron each year. Iron reduced in a process using natural gas is called sponge iron, while pig iron uses vegetable charcoal. "Over a period of five years, we will make an investment of $1.5 billion, which will grow to $2.3 billion over 10 years," Jindal said. "The iron ore deposits total 40 billion tons and we are getting half of that." He said 80% of the total investment will go toward building the steel plant and the remainder will go to mining iron ore. Jindal said the company will use the abundant reserves of natural gas in Bolivia for making steel. It will also build a 400-megawatt power plant in Bolivia as part of the project. Earlier, the Bolivian government said Jindal Steel was awarded the mining rights for 20 billion tons of iron ore reserves from the El Mutun mines in Bolivia, close to the Brazilian border. Bidding on the contract has dragged out through decades of delays, the most recent of which came last December when Bolivia's outgoing government left the final decision to President Evo Morales' new leftist government. The Morales administration required bidders to not only extract the iron but also industrialize its production into steel using Bolivia's plentiful natural gas. |
|
|
Hazira Plate
Limited achieves financial closure
The Hazira Plate Mill Limited (HPL), an Essar Group company, achieves full financial closure for setting up new Plate Mill project at Hazira capable of producing 5 metre width plates, which are currently produced only by 6 international steel companies. This project is nearly estimated to cost Rs. 1960 crore. SBI Capital Markets Limited and IDBI Capital Market Services Limited have syndicated the term loan facility. The plate mill is scheduled to be commissioned by the end of 2007. This product finds application in varied industries including manufacture of large diameter oil & gas pipelines, ship-building, boiler & pressure vessels, and the construction industry. This is a totally import-substitute product. |
|
|
Steel City
Securities puts off expansion plans In view of the distressed capital market scenario in the country, Vizag-based Steel City Securities Limited (SCSL) has decided to postpone its expansion plans by a few months. SCSL has membership in BSE, NSE as well as National Commodity & Derivatives Exchange Limited. Due to bullish trends in the share market, SCSL had expected Rs 60,000-Rs 70,000 crore trading turnover during this fiscal at the beginning of the year. But owing to a steep fall in Sensex, SCSL, which has 270 branches across the country and more than one lakh trading customers, has decided to go slow on its expansion plans. Of the proposed 80 new branches, it has opened 20 over the last two months. “After observing the capital market for the last few weeks, we have now decided to go slow on our network expansion plans,” G Raja Gopal Reddy, executive director, SCSL, said. In April, SCSL's daily trading turnover touched Rs 350-400 crore. It has now slipped to Rs 80-100 crore a day and is expected to drop further. “Due to fall in trading turnover, our commission earnings too have dropped considerably. If the situation continues for some more months, it will be difficult to meet overheads and even monthly salary bill,” he said. SCSL is awaiting Securities and Exchange Board of India's (Sebi) nod to go for a public issue to raise about Rs 60 crore. |
|
|
Posco's
Orissa steel plant to employ over 7000 by 2010 South Korea's Posco said its planned steel plant in India will employ over 7,000 workers by 2010 when the first phase of the $12 billion project is likely to be completed. Around 97% of these employees will be Indians, the local subsidiary of Posco said in a statement. The company has already hired 75 employees, including 40 Indian nationals. Posco plans to build the 12-million-metric-ton-a-year steel plant in the eastern state of Orissa. The company signed the deal with the Orissa government in June 2005 for the project, in what was Posco's biggest overseas venture. "This is the just the beginning of the significant benefits India will derive from the Posco India project," said Soung-Sik Cho, chairman and managing director of Posco-India Pvt. Ltd. He said around 48,000 jobs are expected to be generated directly and indirectly through the steel project. |
|
|
Al Gurg wins coating project for ECTC Decorative and heavy-duty coatings manufacturer, Al Gurg Leigh's Paints (AGLP) has won a contract estimated at AED 500,000 to supply Firetex Intumescent paints to protect the Emirates Crew Training Centre (ECTC). Leigh's Paints high performance Firetex Intumescent coating is being used to shield the 22,000-square-metre expansive steel structure for Emirates Airlines. ‘Firetex was selected because of its recently introduced 'value engineering' services. The new service identifies structures that can be fireproofed for best performance under fire, and only then are the protective coatings applied to ensure optimum economy and effectiveness. Intumescent coatings also help control the spread of fire through buildings,' Philip Mathew, General Manager, Al Gurg Leigh's Paints, said. The project, scheduled for completion by the end of this year, will use roughly 15,000 litres of Leigh's Intumescent Firetex paints. The Firetex range includes both solvent and water-based systems offering up to 2 hours fire protection to internal and externally exposed structural steelwork. |
|
|
Aramco's 69 venturi tubes order to ABB Venturi ABB has won an order for £0.75 million of metering equipment from oil and gas exploration company Saudi Aramco. ABB in Workington, Cumbria has shipped 69 eight-inch venturi tubes, complete with differential pressure transmitters plus three-valve isolating / equalising manifolds, for Saudi Arabia's Haradh natural gas and oil development project. ABB was asked to provide a venturi flow system that could measure the pressure and flow of wet, sour (high-sulphur) gas emerging from wells in the Khuff gas field. The main challenges were to maintain accuracy across a huge potential flow range and to withstand the effects of the highly corrosive gas. Haradh encompasses a gas plant capable of delivering 1.5 billion cubic feet per day of sales gas and a gas oil separation plant capable of stabilising 300,000 barrels per day of light crude oil. The gas to Haradh is drawn both from sour wells in the Khuff field and sweet (low-sulphur) wells across a number of other fields. The flow from the gas wells typically varies from 100 million standard cubic feet (scft) per day to 4 million scft/day, requiring meters with a turndown ratio of 25:1 to ensure accurate measurement across all flow ranges. Aramco specified that the accuracy must remain at 1% or better across the entire flow range. ABB's answer was to adjust the internal design of its regular venturis, while still complying with the ISO5167 2003 standard on differential pressure measurement. |
|
|
GIC acquires CVRDs 50% stake in GIIC in Hidd Gulf Investment Corporation (GIC) announced the acquisition of the 50 per cent shares held by Brazil's Companhania Vale Rio Doce (CVRD), its joint venture partner in Gulf Industrial Investment Company (GIIC) in the Kingdom of Bahrain. The purpose of this acquisition was to develop and restructure GIC's investments in the iron and steel industry in the region. The acquired 50% shares will be sold to strategic Gulf investors before the end of this year. Hisham Al-Razzuqi, the Chief Executive Officer of GIC, said, 'This acquisition is a milestone in the history of GIC. It fits perfectly with GIC's strategy and mandate to focus on the region's three major industries - Metals (primarily steel), Petrochemicals and Power, and to play a leading role in the development of the region's economy by investing in the major industries in the region." 'The acquisition secures the continued supply of pellets to the region's steel industry. GIIC is the only stand-alone merchant pellet supplier in the world, supplying a major proportion of the feedstock to the region's steelmakers. It also fits our strategy of having a proven track record of performance and profitability.' The new infrastructure and construction projects will require massive quantities of steel, creating a considerable steel supply gap which is partially being met by new projects in the region's steel industry. Several of these projects, at Hadeed (KSA), Qasco (Qatar), Shadeed (Oman), Al-Tuwairqi (KSA), Al-Rajhi (KSA) and General Holding Company (UAE), are already in design or under construction. |
|
|
Burj Dubai uses 5 mn tons of steel rebar Emaars iconic tower Burj Dubai reaches to level 50, 25000 metric tons of steel rebar has been used till now. Global real estate major Emaar Properties marked a milestone in its historic quest to build the world's tallest tower as the AED 3.673 billion (US$1 billion) Burj Dubai scaled 50 levels. This remarkable feat in the construction of Emaar's iconic super tower at the Burj Dubai Downtown development was accomplished in less than 900 days since excavation work started in January, 2004. Work is on course for a 2008 completion with one new level added every four days. 'This is a significant moment for us,' said Mr Mohamed Ali Alabbar, Chairman, Emaar Properties. 'We are witnessing 'History Rising' - on schedule. With the world's eyes on Burj Dubai, this is a moment of pride not only for Emaar but also for Dubai. The super tall tower, now at level 50 and going strong, is a symbol of Dubai's aspirations and capabilities.' Designed by Chicago-based Skidmore, Owings & Merrill (SOM), Burj Dubai is being constructed by high-rise construction experts South Korea's Samsung Corporation, and Turner. Construction International is the project and construction manager. Over 3,000 workers are currently working on the Burj Dubai. More than 160,000m³ of high-quality concrete and 25,000 metric tons of steel rebar have so far been used in the construction. Specially developed concrete pumps are employed to generate 350 bars of pressure and pump to a height of 600 metres. |
|
|
Carbon steel price increases 17% in one month Steel prices have been increasing in Iranian domestic market over the past month by an average 17% on carbon steel products. Prices of rebars AII, sizes 10, 12 and I-Beams size 180, 200 increased at a more rapid phase than other steel products. Rebars AII, size 10 and 12 were selling at 517 $/ton in the beginning of the June while it was 441 $/ton by the end of the May, a price increase of 17%. Esfahan steel , Azarbaijan steel , INSIG , Yazd steel, Kerman steel, Khorasan steel (Neishabour), Gilan steel are the main supplier of the Rebars in the domestic market. I-Beams size 200 was the most expensive size in the past month and continues to be the most expensive with a price of 900 $ / ton by early June. It was only 643 $ / ton a month ago, a price increase of 40%. Esfahan steel co ( Esco) and INSIG are the main supplier of I-Beams in Local Market, Esco exported 120 KTons tons of I-Beams over the last year while INSIG exported 64KTons last year. Steel prices for the other products have been increased as below over the last month in Iranian Domestic Market. |
|
|
Pakistan to procure iron ore from India through Dubai Pakistan Steel Mills has declared Dubai based Emirates Trading as the lowest bidder for its proposed 1.2 million tonnes iron ore imports from Goa & Chennai in India. Emirates Trading has offered $10.47 per tonne rate for the transportation from Goa as compared to $14.64 per tonne paid last year and $14.47 per tonne from Chennai. Pakistan Steel Mills would be saving $4 million. In addition Emirates Trading were declared lowest bidder for transportation of 0.2 million tonnes of iron ore from Bandar Abbas, Iran at $10.66 per tonne. Shahdab (Pvt) Limited's, tender for the transportation of 0.25 million tonnes of iron ore from Dampier, Australia, was also accepted. They had offered $20.07 per tonne. According to the terms and conditions of the contract the cargo transportation must be undertaken on Single Deck Bulk Carrier of less than 20 years of age. This clause has been added to give safe logistics to PSM and also assist Port Qasim Authority to handle vessels efficiently in a 35-kilometre-long channel. |
|
|
L&T inks joint venture with Bader Al Mulla group Larsen & Toubro Limited (L&T), an Indian engineering, construction and technology major has signed a joint venture agreement with a subsidiary of the widely diversified, Kuwait-based Bader Al Mulla group.To be called 'Larsen & Toubro Kuwait Construction WLL', the new venture will be registered as a local company in Kuwait, and will focus on construction projects in oil & gas, power and infrastructure, with a primary focus on electro-mechanical construction. It is expected that the joint venture will enable the two companies to benefit significantly from the construction boom in Kuwait, specifically in the sectors of oil refining and infrastructure development. Bader Al Mulla has a strong business presence in Kuwait and possesses insight into the market's requirements, trends and prospects. L&T will bring to the joint venture its impressive track record and technical expertise in construction of projects in various sectors, as well as its project management skills. The joint venture agreement comes close after Mr. A.M. Naik, Chairman & Managing Director of L&T, had led a high level delegation to Kuwait and declared that the company was keen on developing long-term relationships with the industry in the GCC region, and was actively scouting for alliances with companies that shared its vision and had a complementary capability profile. |
|
|
Japan May crude steel output slips 1.2% on year Japan's production of crude steel slipped for the second straight month in May, falling 1.2% on year to 9.918 million metric tons, the Japan Iron and Steel Federation said. That figure also reflects a 6.0% rise from the previous month, the industry group said. Of the total, production by converters dropped 1.9% on year to 7.223 million tons and that by electric furnaces increased 1.0% to 2.695 million tons, the group said. Production of ordinary steel fell 1.3% on year to 7.788 million tons, while specialty steel output also slipped 0.6% on year to 2.130 million tons, the group said. |
|
|
China to cut export tax rebates on steel, products China will cut rebate rates on export taxes for industries such as steel, metallurgy, light industrial products, textiles and machinery. Adjusting the rebate rates is a certainty, due to overcapacity in some industries and overseas anti-dumping protests, said the report, which cited an unnamed official at a ministry-level department in charge of such rebates. The report didn't identify the department. It also didn't say when China may lower the rebate rates or the size of such a cut. There has been talk the government may cut rebates on export taxes for steel, metals, textiles and light industrial products, but the authorities have so far declined to comment on the issue. China has also been tinkering with its tax policy to curb demand for energy from heavy industries, like steel. The value-added tax rebate on exports of steel products is currently at 11%. On Jan. 1, China cut export tax rebate rates for zinc, tungsten, antimony, tin, magnesium and related products to 5%. Previously, the export tax rebate rates for zinc, antimony and tungsten were at 8%, while those for tin and magnesium were at 13%. |
|
|
Brazil's CVRD reaches pellet deals with three steel cos Brazilian mining giant Companhia Vale do Rio Doce (RIO), or CVRD, reached an agreement on 2006 prices for direct-reduction iron pellets with three steelmakers, the company said in a statement. CVRD, the world's largest producer and exporter of iron ore and iron pellets, said that it had reached an accord with Egyptian steelmaker Alexandria National Iron & Steel, Malaysia's Amsteel Mills and Saudi Arabia's Hadeed Saudi Iron & Steel. The agreements call for a 3% price cut for 2006 deliveries of direct-reduction pellets. The deal is in line with several earlier deals that registered a decline in the price of iron pellets, which are prized by steelmakers for their efficient use in blast furnaces. The deal covers deliveries from CVRD's pellet plants at Sao Luis in northern Brazil's Maranhao state and the Tubarao complex in Espirito Santo state. It follows a similar pellet agreement reached last week with Argentine long steel maker Acindar, a unit of Arcelor, and Nu-Iron Unlimited, which is a unit of U.S. steelmaker Nucor (NUE). In May, CVRD negotiated a 19% price increase for iron ore fines and 3% pellet decrease with global steelmakers Arcelor; Mittal Steel (MT); South Korean steelmaking giant Pohang Steel Corporation (PKX), or Posco; German steelmaker ThyssenKrupp AG; Italian steelmaker ILVA SpA; and Japanese steelmakers. Chinese steelmakers, which are led in 2006 price talks by Shanghai Baoshan Iron & Steel Co, have so far resisted CVRD's efforts to raise prices this year. Chinese steelmakers have said that any increase of more than 10% is excessive given the 71.5% increase iron ore producers wrangled from steelmakers in 2005 price talks. |
|
|
Japan steel cos hike cap spending In a sign that the balance sheet restructuring at major steelmakers has settled down, the companies are starting to use surplus funds to boost output and reward shareholders. The combined consolidated interest-bearing debt at the four major steelmakers dropped by 41% over three years from more than Y6 trillion to Y3.65 trillion as of March 31. In the next three years, this reduction is projected to slow to 17%. The companies now have debt-to-equity ratios of 1 or lower, with the exception of Kobe Steel Ltd., whose ratio is 1.2. Having tightened their balance sheets, they are now loosening their purse strings to increase production. Nippon Steel Corp. projects an operating cash flow of Y1.13 trillion over the next three years. Of this figure, it has earmarked Y700 billion, or 62%, to raise the output capacity of its upstream processes and build more production lines for automotive steel sheet. In the three years through fiscal 2005, the steelmaker had used more than half of its operating cash flow to slash interest-bearing debt, but this percentage is expected to fall to 13% over the next three years. JFE Holdings Inc., which nearly halved its interest-bearing debt over the past three years, plans to spend Y610 billion, or slightly more than 40% of its operating cash flow, over the next three years to increase its production capacity, including the construction of new lines. |
|
|
Mitsui OSK to spend Y200B on steel materials carriers Japan's Mitsui OSK Lines Ltd. will invest more than Y200 billion to add 43 steel materials carriers to its fleet by the middle of 2010, in a bid to cope with strong shipping demand. The Tokyo-based shipping company will boost the number of such vessels to about 150, a spokesman at Mitsui O.S.K. said. The company has the biggest fleet of steel materials carriers worldwide. The company expects the global industrywide shipping demand for iron ore and coal will increase to 1 billion metric tons by 2009 from the current 800 million tons, on brisk shipments from Brazil and other nations to destinations such as China and Japan. Demand for steel is on the rise especially as China's economy surges. Demand from Japanese and other steel makers for high-grade steel used in automobiles and other products also remains solid. Eventually, the company aims to boost its own loading capacity to 150 million tons per year from the current 93 million tons. |
|
|
SMS Demag AG expands plate mill at Xiangtan Xiangtan Iron & Steel
Company, Ltd., PR China, has placed an order with SMS Demag, Germany, for
the supply of a cold plate leveler and a dividing shear. The facilities
will be installed in conjunction with the construction of a new heat
treatment line. |
|
|
Siemens technology for changeover to flat steel production The Siemens Industrial
Solutions and Services (I&S) Group is supplying the complete automation
and drive technology for a new, five-stand coupled tandem pickling line of
the Chinese Tianjin Tiantie Metallurgical Group Steel Plate Co., Ltd. (TTMG).
The project is part of the company's comprehensive changeover to flat
steel production. The new plant is scheduled to start production at the
beginning of 2008. |
|
| This
is a compilation of news from various dailies, magazines, trade publications
and Press Releases. To unsubscribe send mail to office@steelworld.com. Type Unsubscribe <your email address> in the subject line. |
|