A new steel making process, it combines Tata Steel’s cyclone converter furnace with Rio Tinto’s smelter.
NMDC which achieved its highest ever production of 34 million tonne and sales of 35.6 million tonne of iron ore in 2016-17, has a team of around 5,500 employees on its rolls.
The 0.55-million tonne wire rod mill of SAIL-ISP will soon start producing wire rods in special grades in order to meet domestic and overseas requirements.
Tata Steel’s Europe sales touched 2.6 mt in Q2FY18 against 2.26 mt in Q2FY17 leading to a 15% jump in sales.
The workshop was held at a time when it has become important for companies to understand the nitty-gritty of the modifications made in the rules, regulations and acts.
The new facilities at IISCO Steel Plant (ISP) have also been ramped up significantly with the plant’s Wire Rod Mill soon tipped to produce wire rods in special grades, the company said.
The proposed JV will identify, explore, acquire, develop and process strategic minerals overseas for commercial use and to meet domestic supply needs.
Earlier, increased raw material costs, particularly coking coal led to a squeeze in operating margins of the steel industry in Q1FY18.
Moody's price sensitivity ranges represent baseline approximations that it uses to evaluate risk when analyzing the credit conditions of companies within the sector.
Before taking charge at the RMD, Saidev was heading SAIL’s Centre for Engineering & Technology (CET), Ranchi, as Executive Director.
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