- Posco push China investment.
(Asia).
Korea's leading steel companies are expanding their investments in China to combat the losses incurred by the strengthening global trade barriers. Leading the trend is Korea's largest steelmaker Posco, as well as Union Steel Manufacturing and KIS Wire--all of which are already involved in giant investment projects in China. Posco ......
- Proposed steel plant raises new building alternative
Plans for a massive steel manufacturing plant in eastern New Orleans has building contractors considering the advantages of steel framing as a residential construction alternative.
- ADIC to build steel plant in
Fujairah.
The Abu Dhabi Investment Company (ADIC) has unveiled its plans to set up a steel plant in Fujairah in collaboration with local partners. The proposed plant would consist of a unit producing sponge iron with a designed capacity reaching 1.2 Mt/y, which is integrated by a unit producing steel billets ......
- Tata Steel joins up with Nippon for Orissa steel
plant.
Tata Steel, which plans to set up a 6Mt steel plant at Kalinganagar in Orissa, has signed an agreement with Nippon Steel Corporation to get technical assistance. According to an official statement the Japanese steel major will help Tata Steel "ensure the selection of the most appropriate facility planning and ......
- Saudi group set up billet plant in
Pakistan.
The Pakistan government has authorised a Saudi Group to set up a $100M steel plant to make billet for export near Pakistan Steel in Karachi and declare the area as Export Processing Zone (EPZ). The decision was reached at a meeting presided over by Industries Minister Liaqat Ali Jatoi to ......
- Chemung Gets $50M Steel Plant
CHEMUNG - NUCOR Corp. will build a $50 million steel fabrication plant on a 100-acre site in the town of Chemung. Vulcraft, a NUCOR subsidiary, plans to manufacture steel deck and joint materials used in commercial construction projects. The company will begin building the 500,000-sq.-ft. facility in the summer and ......
- Indian steel defies economy.
India's GDP growth in the 2000 fiscal year declined to 6% from 6.4% in the previous year and the Index of Industrial Production (IIP) dropped to 5% from 6.5%. Despite the economic slowdown, the Indian steel industry increased finished steel production, reduced its imports, and achieved a higher volume of ......