Hansteel to export 14,000 mt of cold rolled sheet to India

Wednesday, 24 August 2011

Handan Iron and Steel Group (Hansteel), a subsidiary of giant Chinese steelmaker Hebei Iron and Steel Group, has announced that in the current month it has received an order to export 14,000 mt of cold rolled sheet to India.

As of August 17, Hansteel had produced 2,800 mt of cold rolled sheet for the order in question.

Uttam Galva Steels Q3 net down by 41pct

Monday, 07 Feb 2011
Uttam Galva Steels a producer of galvanized plain and cold rolled steel, has posted a decline of 41.39% in net profit to INR 101.10 million for the quarter ended December 31st 2010 as compared to INR 172.50 million for the quarter ended December 31st 2009. The company’s net sales has decreased marginally by 4.76% from INR 10, 916.80 million for the quarter ended December 31st 2009 to INR 10,396.30 million for the quarter ended December 31st 2010, a rise of 9.94%.(sourced:IRIS)

Hyundai Steel to build a new furnace by 2013

Sunday, 30 Jan 2011
Reuters reported that South Korea's Hyundai Steel Co will invest more than KRW 3 trillion to build a No 3 furnace with a capacity of 4 million tonnes of steel per year.
Construction will start in the second quarter of 2011 and run through to 2013.

Hyundai Steel completed its first blast furnace in 2010 with an annual production capacity of 4 million tonnes per annum and added a No 2 furnace with the same capacity later in the year.
In April 2010, the steelmaker said its new furnace would specialize in steel plates for Hyundai Motor Group automobiles to strengthen the group's integrated supply chain.

Hyundai Steel provides crude steel and hot rolled plates to Hyundai Hysco Co Limited, which supplies cold rolled plates to the country's top two automakers Hyundai Motor Co and Kia Motors Corporation.
Hyundai Steel used to make mainly rebar and H section for the construction sector and recycling scrap steel at mini mills. (Sourced: reuters.com)