Tata Steel forecasts improved demand amid European woes

MUMBAI–India’s Tata Steel forecast improving global demand in spite of European woes, as the world’s No.7 steelmaker reported a bigger-than-expected drop in quarterly profit after being squeezed by weak prices, lower volume and higher input costs. The company, whose European operations account for two-thirds of its global capacity of about 28 million tons, reported consolidated net profit for its fiscal fourth quarter plunged 90 percent.

In the same period last year, a one-off gain had boosted earnings.

“We expect global steel consumption to improve but production may dip again,” finance chief Koushik Chatterjee told reporters. “Steel demand in emerging countries like India and China is growing, but in Europe it is expected to drop.”

http://www.chinapost.com.tw/business/company-focus/2012/05/21/341733/Tata-Steel.htm

Volvo India is planning trucks manufacturing project in Karnataka

Status: Planning Stage
Promoter: Volvo India
Project: Trucks manufacturing unit
Location: Dist. Bangalore, Karnataka
Contractor: Pennar Engineered Building Systems.
Current Status: As of July 2012, the contract for the project has been awarded to Pennar Engineered Building Systems. The scope of the work includes design, manufacture, supply and erection of five buildings to be used for their truck manufacturing. The project is to be completed in 6 months.

Source: http://indianewprojects.wordpress.com/2012/07/17/volvo-india-is-planning-trucks-manufacturing-project-in-karnataka/

Mining in India.

India is endowed with large mineral resources, especially iron ore, bauxite, coal, base metals, noble metals and diamonds. However, most of these resources are either under-explored or under – exploited or both, for a variety of reasons. For achieving a high manufacturing growth rate as envisaged in the New Manufacturing Policy, the mining sector has to grow faster, and has to make higher contribution to GDP. To achieve these ambitious objectives, entire value chain of the mineral sector starting from reconnaissance, exploration, mining and beneficiation to the value addition downstream sectors have to be streamlined so as to attract investments from both domestic as well as international investors, particularly in strategic and deep – seated minerals requiring state-of-theart technologies and risk capital. Regulatory mechanism has to improve to facilitate such investments and accelerated implementation. All these developments need to happen in a Sustainable Development Framework so as to ensure inclusive growth.

Steel Strips – Grade C98.

This is a very special grade of steel & is mainly used for making those components where very high tensile strength & yield stress is required. It can achieve hardness of up to 58 HRC Rockwell after Hardening & Tempering. This grade is commonly used for making different kinds of Industrial knives, because due to high hardness it can give a better knife edge & thus a better cutting capacity.

Application: Mainly used for making automobile components, knives for cutting foam & plastics, doctor blades, etc

CRCA High Carbon Steel Strips.

High carbon steels contain from 0.7 to 1.00% C with manganese ranging from 0.5% to 0.9% This steels are commonly known as spring steel. These steels are generally operated at very high stresses and heat-treated to obtain the maximum elastic limits and fatigue resistance without becoming sufficiently brittle to cause sudden failure in service. Hardenability of spring steel is very important because only fully hardened springs have the maximum resistance to take a permanent set (sagging).

For detailed information, we imvite you to visit us at, www.btstrips.com