Maruti says high metal prices hurting

Maruti Suzuki India Ltd aims to cut costs and improve productivity to offset a rise in metal prices, its chief executive said on Wednesday.

“Prices of not only steel but aluminium, copper are rising and it is hurting car makers,” Shinzo Nakanishi told reporters after launching a new car model, the Swift Dzire.

The car will be priced at between Rs 449,000 and Rs 590,000 ($11,197-$14,713) for petrol versions and between Rs 539,000 and Rs 670,000 for diesel variants.

Maruti, which has nearly half the Indian market with such popular models as the Alto and the Swift hatchback, is 54.2% owned by Suzuki Motor Corp.

                                                                                        Source: http://economictimes.indiatimes.com

China’s steel output

China’s steel output, already the world’s largest, is expected to rise to nearly one bln tons per year by as early as 2015, said an Australian government official.China, which this year is expected to produce around 480 mln tons of steel, is seen doubling that figure to nearly one bln tons within eight years, said Stuart Smith, deputy secretary general of Western Australia’s Department of Industry and Resources.

Speaking at an industry conference here, he said his state, Australia’s largest producer of the major raw materials used in steelmaking, is hoping to tap around half of China’s iron ore import market by that time.

Smith said China is expected to import a total of over 800 mln tons of iron ore in 2015, mainly from Australia, Brazil and India, with imports comprising well over half of China’s total iron ore demand then.

                      SOURCE:http://www.iii.co.uk/news/?type=afxnews&articleid=6363799&action=article

Steel

Steel is an alloy consisting mostly of iron, with a carbon content between 0.2 and 1.7 or 2.04% by weight (C:1000–10,8.67Fe), depending on grade. Carbon is the most cost-effective alloying material for iron, but various other alloying elements are used such as manganese, chromium, vanadium, and tungsten.[1] Carbon and other elements act as a hardening agent, preventing dislocations in the iron atom crystal lattice from sliding past one another. Varying the amount of alloying elements and form of their presence in the steel (solute elements, precipitated phase) controls qualities such as the hardness, ductility and tensile strength of the resulting steel. Steel with increased carbon content can be made harder and stronger than iron, but is also more brittle. The maximum solubility of carbon in iron (in austenite region) is 2.14% by weight, occurring at 1149 °C; higher concentrations of carbon or lower temperatures will produce cementite. Alloys with higher carbon content than this are known as cast iron because of their lower melting point.[1] Steel is also to be distinguished from wrought iron containing only a very small amount of other elements, but containing 1–3% by weight of slag in the form of particles elongated in one direction, giving the iron a characteristic grain. It is more rust-resistant than steel and welds more easily. It is common today to talk about ‘the iron and steel industry’ as if it were a single entity, but historically they were separate products

Iron Properties

Iron, like most metals, is not usually found in the Earth’s crust in an elemental state.Iron can be found in the crust only in combination with oxygen or sulfur. Typical iron-containing minerals include Fe2O3—the form of iron oxide found as the mineral hematite, and FeS2—pyrite (fool’s gold). Iron is extracted from ore by removing the oxygen by combining it with a preferred chemical partner such as carbon. This process, known as smelting, was first applied to metals with lower melting points. Copper melts at just over 1000 °C, while tin melts around 250 °C. Cast iron—iron alloyed with greater than 1.7% carbon—melts at around 1370 °C. All of these temperatures could be reached with ancient methods that have been used for at least 6000 years (since the Bronze Age). Since the oxidation rate itself increases rapidly beyond 800 °C, it is important that smelting take place in a low-oxygen environment. Unlike copper and tin, liquid iron dissolves carbon quite readily, so that smelting results in an alloy containing too much carbon to be called steel.

Steel prices raised on the quiet

   A day after Minister for Steel, Chemicals and Fertiliser Ram Vilas Paswan told Parliament that steel prices would come down by Rs 500 a tonne on account of the 2 percentage point reduction in Cenvat, makers of flat and long products quietly raised prices by Rs 1,500 to Rs 3,000 a tonne on March 4. 

Producers have raised prices by Rs 1,500 to Rs 3,000 a tonne for long products, which are used in the construction industry. For flat products, which go into consumer durables and automobiles, the increase is Rs 2,500 to Rs 3,000 a tonne. The price increase kicks in with immediate effect and has been implemented by both public and private sector producers. 

However, apart from Tata Steel, the world’s sixth largest steel producer, and cold-rolled and galvanised steel maker Uttam Galva Steels, no producer is officially acknowledging the price rise. 

“We were waiting for the meeting with the steel minister. Even though the agenda for the meeting was review of projects, we were expecting some directive on prices,” said an industry source. 

Paswan, however, told an Assocham meeting in Mumbai yesterday that his ministry would not intervene in pricing decisions owing to the strong criticism it has attracted on this account. 

He, however, qualified the statement by saying that non-interference would hold if steel producers did not raise prices at a higher rate than the rise in input costs. 

With this increase, the ruling price of TMT bars, a widely-used long product segment, now stands at Rs 43,000 a tonne and that of hot rolled coil (HRC) in flat products around Rs 42,000 a tonne. 

Yesterday’s price rise comes a month after steel producers partially rolled back prices in February at Paswan’s behest. Prices had been raised by Rs 600 to Rs 900 a tonne in January and again by an average of Rs 2,500 a tonne in February on account of steep increases in raw material costs such as coking coal and iron ore. Producers were made to roll back prices by Rs 500 a tonne for TMT bars and rounds and Rs 1,000 a tonne for other products. 

Costs between April 2007 and January 2008 had increased by Rs 6,000 to Rs 7,000 per tonne. Government-owned NMDC Ltd, the main domestic supplier of iron ore, raised prices 48 per cent in October and another increase of at least 65 per cent is expected in April, in line with the international iron ore prices. 

Most steel producers without captive mines source their iron ore from NMDC. 

Spot coking coal prices between April and February have almost doubled and international companies are looking at a 40 to 50 per cent increase in prices from April 2008.  

Source: Business Standard (Edited) 

Industrial SAW and BLADES

The circular saw is a metal disc or blade with saw teeth on the edge as well as the machine that causes the disk to spin. It is a tool for cutting wood or other materials and may be hand-held or table-mounted. While today they are almost exclusively powered by electricity, larger ones, such as those in “saw mills”, were traditionally powered by water turning a large wheel. Most of these saws are designed to cut wood but may be equipped with blades designed to cut masonry, plastics or metal although there are purpose-made circular saws specially designed for particular materials.
A band saw is an electric or pedal-driven saw with a blade consisting of a long, narrow, flexible band of toothed metal. The band rides on two wheels in the same vertical plane with a space between them. Band saws can be used for woodworking, metal working, or for cutting a variety of other materials, and are particularly useful for cutting irregular shapes. The radius of a curve that can be cut on a particular saw is determined by the width of the band
                                                                        We at BTC manufactures and maintains Stock of different Kinds of saw in all the standard size as well as we also manufacture special kind of saw on customer demand.