SAIL may cut flat steel prices

Steel Authority of India, the country’s largest domestic steel maker, will consider cutting prices of flat steel products used by appliance and auto makers by 1,500-2,000 rupees ($31.6-42.1) per tonne in June, a senior company source told on Tuesday.

The reduction is likely because of an inventory pile up as world prices dropped, the official who has direct knowledge of the matter said.

SOURCE:http://economictimes.indiatimes.com

SAIL in talks with Arcelor and Tata for a joint venture

It has been informed that the state-run Steel Authority of India Ltd (SAIL) is in talks with Arcelor Mittal and Tata Steel for a joint venture. The Chairman of SAIL, Mr. S. K. Roongta has said that the discussions are on and the company officials are in talk to have possible joint venture in near future.

Roongta has also revealed some of the expansion plan of the company. He has informed that in Tamil Nadu the expansion project of Salem Steel is going to be commissioned within a month.

SOURCE: http://www.topnews.in/business-news/steel-sector

Hardened Tempered Steel strip.

Hardened Tempered Steel strips are available in varying range of hardness, right from 28-30 HRC Rockwell on the lower side to 58-60HRC Rockwell on the higher side.

These tailor made strips are manufactured out of specific requirements of customers. The basic raw material usually used is C-80 for hardness upto 52 HRC and C-98 for high hardness, i.e. above 53 HRC.

This flexibility helps the end user un-necessary trouble of piece mill wise hardening. For example, in case of MRTC Knives, the end user has to take a piece of steel 1.00mm thick, then it has to be hardened and ground to .80mm. Thus it covers cost of unnecessary hardening, grinding of .20mm, increased labour cost, power and weight loss. Whereas, when the consumer can get material in Strip Form in .80 mm thickness, in 58-60 HRC hardness, then he can manufacture the material much cheaper, saving the extra cost of hardening,grinding,etc.

We are a specialist in providing these types of hardened tempered strips, which are manufactured keeping in mind the exact requirement of the customer so that he can make end products in a more easier process saving a lot in production cost.

Steel Authority of India Limited (SAIL)

SAIL with its corporate office in New Delhi operates and manages five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, a plant of the Indian Iron and Steel Co. Ltd. (IISCO), which is a wholly owned subsidiary of SAIL. SAIL also has four Special and Alloy Steel and Ferro-alloys units at Durgapur, Salem, Chandrapur and Bhadravati. The plants at Chandrapur and Bhadravati belong to the Maharashtra Elektrosmelt Limited and Visvesvaraya Iron and Steel Limited respectively which are also subsidiaries of SAIL. The IISCO-Ujjain Pipe and Foundry Company Limited, a subsidiary of IISCO, manufactures cast iron spun pipes at its works at Ujjain. Besides, SAIL has seven Central Units viz. Research and Development Centre for Iron and Steel, Centre for Engineering and Technology, Management Training Institute, all located at Ranchi, Central Coal Supply Organisation located at Ranchi, Central Coal supply Organisation located at Dhanbad, raw materials Division, Growth Division and Environment Management Division all located at Calcutta. The marketing of products of SAIL plants is done through the Central Marketing Organisation, Calcutta which has a country wide Distribution Network.

SOURCE:http://www.indiaonestop.com/iron&steel.htm