steel re-rolling mills association of india · srma steel newsletter srma steel re rolling mills...

of 14 23rd

Issue Steel Re Rolling Mills Association of India visit www.srma.co.in

SRMA STEEL NEWSLETTER

SRMA

Steel Re Rolling Mills Association of India

www.sram.co.in

Steel Re-Rolling Mills Association of India www.srma.co.in Email : [email protected]

Sl. No, Name

1. Shri B.M. Beriwala,

Chairman

2. Shri Jagmel Singh Matharoo,

Vice Chairman

3. Shri Ramesh Kumar Jain,

Treasurer

4. Shri Sanjay Jain

5. Shri Kailasj Goel

6. Shri G P Agarwal

7. Shri O P Agarwal

8. Shri S K Sharda

9. Shri Sandip Kumar Agarwal

10. Shri S. S. Sanganeria

11. Shri Sanjay Surekha

12. Shri R P Agarwal

13. Shri S. S. Bagaria

14. Shri Girish Agarwal

15. Shri Goutam Khanna

16. Shri Suresh Bansal

17. Shri Rajiv Jajodia

18. Shri Bhusan Agarwal

19. Shri Mahesh Agarwal

20. Shri Sita Ram Gupta

21. Shri Ashok Bardeja

http://www.srma.co.in/

mailto:[email protected]

of 14 23rd



SRMA


www.sram.co.in

SRMA Steel News is a division of Steel Re-Rolling Mills Association of India and takes due care

in preparing this news. Information has been obtained by SRMA from sources, which it considers

authentic. However, SRMA does not guarantee the accuracy, adequacy or completeness of any

information and is not responsible for any errors or omissions or for the results obtained from the

use of such information. SRMA is not liable for investment decisions, which may be based on the

views expressed in the News. SRMA especially states that it has no financial liability whatsoever

to the subscribers/users/transmitters/distributors of this News. And no part of this news may be

published/reproduced in any form without SRMA’s prior written approval.

of 14 23rd



SRMA


www.sram.co.in

Executive Summary

Challenges & Problem facing the Indian Re-

Rolling Industry & Recommendations for

Improvement

Environment & Safety Focus

Taxation News

Events

Latest Steel News

CONTENTS

of 14 23rd



SRMA


www.sram.co.in

Steel Re Rolling Mills (SRRMs) have an important role the field of constructions. At present Thermo Mechanically

Treated (TMT) bars are produced from the companies. During the production, different process and operations are

undergone. Since all the process is done at very high temperature, there is a chance of hazardous situations .Many

issues are there in the SRRMs during the production process. In the field of marketing various factors are analyzed.

Demand may be based on the quality of the product and other properties. The quality assurance, price, availability

etc. determines the demand of the product in the market.

The melting temperature of mild steel is 16000 C. In order to save energy, a control of temperature is urgent. This

control comes in induction furnaces. The molten metal is again chemically analysed. To get the required chemical

composition chemicals are added along with it. It is again poured in to the mould and cooled to get the billet or

ingot. The hot solid billets are again feed to another heating chamber were it is heated bellow the melting

temperature. Since the billets are hot and it is to be displaced, suitable material handlings are essential. The path of

the transportation is to be cleared that means hazardous situations are to be avoided.

Then the billets are again directed for rolling and re rolling process. The diameter of the bar is to be controlled and

the elongation is also to be controlled by the applied force while the rolled bar is drawing. The elongating bar is then

fed through the TMT bed and further cooled. Then it is cut at the correct length and cooled naturally. Usually the

SRRM plants produce air pollutions to the nearby sites and some other chronic disease. Thus these types of

companies are directed to start on special location such as industrial belt or industrial sectors. Since heat energy is

the main source needed for SRRMs, its availability and cost may be problem.

Since the plants work in round the clock for all the day’s at high voltage, high power electric energy is essential.

Though electric induction furnaces are working, oil furnace may also use for reheating the casted billets. Electric

power and furnace oil must be available at cheap rate. Different types of taxes may be another burden for the new

venture of entrepreneurs. Need of raw materials, ancillary units are another burden for the new comer in this field.

Availability and cheap labour is also essential for the units. In order to get good demand for the products the quality

of TMT bars must be good.

To keep up the quality a good lab facility is urgent. Facility for the sales they need very good markets. To reduce the

accidents due to hazardous situations, proper awareness and training must be given for the workers. The

maintenance of machines and equipment is also important. Maintenance Quality Function Deployment (MQFD)

may be implemented in the industry to avoid machine failure and to get long life for the machines. Steel

consumption is rising very fast as a consequence of the prospective dynamic economic growth. Secondly, there is

demand for high-quality products which India will not be able to supply in sufficient quantities for the foreseeable

future.

These include products with surface finishing that helps them to be more durable and retain their value for longer. In

general, the trend towards weight-optimized components persists; this improves the prospects for Western European

exporters in the Indian market. Since India is among the fastest developing country in the world major constructions

like bridges, dams, airports, residential buildings etc are going at a booming fashion. In a developing economy

where infrastructure is getting boom, strength‟ of structural members is of great importance. The mentioned facts on

the issues are relevant at the present scenario. The Government and SRRMs are to be taken care and necessary steps

also must be taken to reduce the issues in such industries.

TOP

of 14 23rd



SRMA


www.sram.co.in

Among the Globe India is a 4th

largest position of crude steel

producer and is expected to attain 2nd

position in next 3 to 4

years and contribution of the secondary steel sector in total steel

production of India is quite important , basically in the long steel

products. But the cost of the steel produced by SRRM sector is

very high. It has been noted that major cost involved is cost of

the energy, which is approx. 30% of the overall production cost.

The direct energy consumed in the re-rolling mill sector is

through the heating fuels (Oil, Gas or Coal) as well as in mill

and the auxiliaries. However, this sector is unorganized sector

and many problems are encountered by this industry. The major

challenges / problems facing the re-rolling sector are given

below:

Raw Material issue:

These industry mostly uses pencil ingots, re-rollable scrap and billets as raw material. As these

ingots/billets are mainly produced through induction furnaces, they face severe quality problems. Often

there occur surface defects like deep ripple marks, cracks etc, internal defects like piping, network of

localized porosity along with high gas contents and composition problems like high percentage of

sulphur, phosphorous, lead, copper and tin. The aforesaid shortcomings in raw materials / feedstock cause

quality problems in rolled product, increase rejection rate and decrease the overall yield. Because of

shortage of skilled manpower pre-inspection of feedstock cannot always be carried out successfully, thus

the problems are carried up to product stage causing rejection and increase in overall cost.

Reheating furnace :

The most important cost centres in re-rolling mill industry are reheating furnace. The reheating furnaces

have normally been observed by lower productivity, higher range of temperature variation both in product

& hearth resulting in energy consumption. There is a lot of gap between the theoretical energy (180

Kcal/Kg) required and practical energy input levels (400 Kcal/Kg). A part from energy efficiency, second

major problem is of high burning/scale losses to the tune of 2-3%. The scale losses not only cause

appreciable financial losses but also sometime cause surface quality problems in the product. It is also a

national loss. The emission levels in term of SPM, SO2 & GHG are also very high. The main reasons

behind poor performances of the furnaces are. Unscientific designs-mainly designed by furnace

manufactures. No automation & control systems Non availability of skilled manpower for operation of

furnace The above problems need to be addressed for better results and cost control in reheating furnaces.

Rolling Mill :

The rolling mill industry is the main section where the material is rolled. The rolling mills of rerolling sector range

from very small size of 6” to 18”. The rolling mills of rerolling sector are known for their higher energy

consumption, low mill utilization, unscientifically designed mill equipments, unscientific mill

layouts, inefficient power transmission systems, lower productivities, lower bearing life, lower

roll lives and higher breakdowns. There is an urgent need to attend to these problems. Most of

the mills do not follow standard operating and maintenance practices. Many of the mills do not

follow appropriate rolling process parameters viz no. of passes / average reduction per pass,

TOP

of 14 23rd



SRMA


www.sram.co.in

temperature of material, soaking, de scaling, Roll diameter and roll speed.

The roll passes are not rationally designed so they cause higher

energy consumption, lower productivities and more roll failures.

Due to the absence of appropriate rolling and predictive

maintenances, the formation of cobbles/misrolls is high and thus

yield is lower.

Most of the mills have manual operation and mechanization

/automations is very less. The motors used by the mills are of low

efficiency and their capacity resulting in poor performance. The

motors used by the mills are of low efficiency and their

maintenance practices are also not appropriate. Most of these

mills are operated by uneducated but experienced foremen. There is acute dearth of educated / trained

manpower to run the mills.

Laboratories for testing :

In the many rolling mills there are no laboratories for testing of material. Though some TMT / alloy steel

manufacturing units have small laboratories, these are either not properly equipped or suitable trained

manpower is not available to operate the testing equipments.

Energy Consumption :

The consumption levels of Energy of the rerolling mills are very high as compared to bigger plants the

main reason behind this are inefficient reheating furnaces, severe design problems in reheating furnaces

as well as rolling mills. Non adoption of SOP and SMP inappropriate rolling process parameters. Low

efficiency of transmission equipments, inappropriate roll pass design. Low level of mill mechanization /

automation, inappropriate rolling mill layout and use of low efficiency motors.

Pollution Problems :

Basically the rerolling industry is considered as polluting industry. The major reason is use of high

amount of fossil fuels for heating steel in reheating furnaces. Because of cost consideration this sector is

now mainly using coal as fuel. Because of lower efficiency of burning of solid fuels and high ash

contents, high SPM and GHG levels are generated. The pollution control devices installed in the mills are

not properly designed. Because of this the mills are facing continuous pressure from PCBs for pollution

abatement.

Manpower restraints :

Generally the rerolling mills are mainly run by undereducated but experienced foremen and completely

illiterate/unskilled firemen. The availability of adequately educated / trained manpower is very less. Due

to this, efficiency of operation is deteriorated. There is an urgent need to improve the situation by

conducting specific training programs / courses for the sector.

Management problems :

The rerolling mills are mainly managed by entrepreneurs themselves and presence of

professionals is almost nil. Because of this many a times the unit suffers due to differently

focused it is felt that decision making. It is felt there is a need the existing entrepreneurs

TOP

of 14 23rd



SRMA


www.sram.co.in

through EDP programs in professional management

practices. To overcome all the above said short coming in

order to make this sector more competitive and growth

oriented, efforts needed to resolve the challenging issues

facing this sector. Following recommendations are made

to improve this sector.

Recommendations for Improve of the

Re-rolling Industry :

Design & development of training modules based on capacity range of the units to create awareness at

different clusters levels of the country about the energy efficient technologies. It may also be applied for

all the strategic management and operation areas.

Strong awareness campaign supported by case studies to be undertaken for dissemination of knowledge

of latest technologies available in this sector and replication of these technologies to most of the SMEs

of this sector.

Development and empowerment of prevailing organizations like NISST (National Institute of Secondary

Steel Technology), who is working for this sector since 1987. Presently, NISST is catering this sector

from 3 centres i.e. Mandi Gobindgarh, Nagpur & Kolkata, but to meet the above objective more centres

with latest infrastructure & lab. equipments are needed to be opened, to meet the cluster level time-to-

time needs and to take up industry requirement based R&D works to improve this sector continuously.

To sum up, NISST should be strengthened by opening of more centres covering all the major clusters,

running AICTE approved courses related to sector, developing Pilot projects for technology

demonstration and setting up an information centre / data Bank to provide all the technological

information to entrepreneur.

Open a centre of excellence for specific industrial research, technological development and trainings.

Proposal for setting up a NIS (National Institute of Steel) may also be thought about to cover entire steel

sector of the country including both primary & secondary.

A design centre to be developed for better designing of the furnaces / equipments / processes.

Common testing facilities to sector at low cost for quality improvement.

Promotional schemes to be started by government for this sector in form of awards, subsidies etc for

energy efficiency, quality and productivity improvement.

Exports from this sector to be promoted

Use of low cost non-conventional fuels like biomass to be promoted in this sector.

A market research organisation to be developed for the sector to guide the sector on markets for specific

products and future predictions on product market in country and abroad.

Government may bring schemes for technological development in this sector and its

replication by assisting the sector in the form of soft loans, subsidies or other soft

support.

TOP

of 14 23rd



SRMA


www.sram.co.in

LEGAL MATTERS AND ENVIRONMENTAL GOVERNANCE

The Parliament of India has enacted the following Acts with a

view to maintain the quality air, water and basic ingredients of

life for protecting the environment and people at large. The

Environmental Acts and Rules made there under have

empowered the State Pollution Control Board to impose

environmental governance on all economic activities processes

which are degrading and polluting water or air and land.

Water (Prevention & Control of Pollution) Act, 1974

and Rules made there under

Water (Prevention & Control of Pollution) Cess Act,

1977 and Rules made there under

Air (Prevention & Control of Pollution) Act, 1981 and Rules there under

The Environmental (Protection) Act, 1986 and Rules made there under

Hazardous Waste (Management & Handling) Rules, 2008

Manufacture, Storage and Import of Hazardous Chemicals Rules, 1989

Public Liability Insurance Act, 1991

Bio-medical Waste (Management & Handling) Rules, 2011

Plastic Wastes (Management & Handling) Rules, 2011

The Environmental (Protection) Second Amendment Rules, 1999, regarding standard of

the works

Noise Pollution (Regulation and Control) Rules, 2000

The Municipal Solid Waste (Management & Handling) Rules, 2000

Ozone Depleting (Regulation and Control) Rules, 2000

Batteries (Management & Handling) Rules, 2001

Besides the above Acts and Rules, the State Board is also engaged in monitoring of competency of the Auto Emission

Testing Centres, so far their testing machines and operational activities are concerned, along with the Motor Vehicles

Department.

To meet the environmental challenges, the Government of India has framed different environmental policies concerned

to different dimensions which can lead to provide better habitat and environment to the people of India.

Sometimes it has been found that mere enactment of laws is not sufficient to provide real pollution free atmosphere but

the part of implementation of the provisions of the Acts and Rules are extremely necessary to extend a better life to the

people. Hon’ble High Courts and Apex Court of India have also passed orders from time to time,

guiding the principles like Polluter Pays Principle and precautionary principle for implementation

through implementing organs of the government.

TOP

of 14 23rd



SRMA


www.sram.co.in

TAXATION NEWS

Circular No. 51/ State Tax No.2/2014-15

Sub: Mandatory payment of Sales Taxes, Value Added Tax,

Profession Tax and State Excise through GRIPS

Revenue Branch, Finance Department, Government of West Bengal has issued an Order making

it mandatory to pay through GRIPS all payments relating to Sales Taxes, Value Added Tax,

Profession Tax and State Excise. The order will be effective from 01 October 2014. A copy of t

he Order is appended below for your kind information and necessary action.

Government of West Bengal

Finance Department

Revenue Branch

No. 1239-F.T Date: 22nd July, 2014

MEMORANDUM

Mandatory payment of Sales Taxes, Value Added Tax, Profession Tax and State Excise

through GRIPS

The State Government introduced on-line receipt of Tax and Non-Tax revenue through GRIPS

Portal in November 2012 vide Notification No. 8298-F(Y) dated 03.10.2012. The modes of

payment available to the Tax-payers in GRIPS Portal through the Payment Gateway of the 20

authorised Banks are (1) Net-Banking, (ii) Debit card through internet and (iii) Over the Counter

(OTC) Payment. Thus, payment of Government revenue in GRIPS portal can be done both on-

line and offline.

Payment of State Government revenue electronically through GRIPS portal has the following

advantages—

1. Real-time fund flow from the Tax-payer’s bank account to the Government receipt account

in GRIPS without any manual intervention in case of internet banking, and with minimal

manual intervention in case of NEFT/RTGS and over the counter payment modes;

2. Simultaneous accounting of the receipt in the Government system in favour of the tax payer;

3. Elimination of the chances of mismatch between the amount paid by the Tax-payer and the

amount credited to Tax-payer’s Account in the Directorate of Commercial Taxes, Directorate

of Excise, as the case may be,; and

4. No need to visit the office of the Directorate of Commercial Taxes by the Tax-payer.

of 14 23rd



SRMA


www.sram.co.in

Keeping in view the above advantages of the Tax payment electronically through GRIPS both

online and offline, the Government, for sometime past, has been considering making payment of

all types of Taxes under the Directorate of Commercial Taxes and Directorate of Excise through

GRIPS mandatory.

Now, therefore, the Governor is pleased to direct that all taxes under the West Bengal Value

Added Tax Act, 2003, West Bengal sales Tax Act, 1994, Central Sales Tax Act, 1956 and West

Bengal State Tax on Professions, Trades, Callings and Employment Act, 1979, West Bengal Tax

on Entry of Goods into Local Areas Act, 2012, and The Bengal Excise Act, 1909 shall be paid

by the Tax-payers electronically only through GRIPS Portal with effect from 1st October, 2014.

For the offline mode, the challan has to be generated through GRIPS and tax deposited in the

concerned bank. The Directorate of Commercial Taxes and the Directorate of Excise shall take

steps to make necessary arrangement for awareness of the Tax-payers in this regard.

The Guidelines issued in this regard vide F.D notification no. 8298-F(Y) dt.03.10.12, 9668-F(Y)

dt.30.11.12, 10578-F(Y) dt. 28.12.12, 5533-F(Y) dt. 09.07.13 and 3435-F(Y) dt.01.07.14 will

apply mutatis mutandis. Heads of accounts for deposit of the taxes through GRIPS portal were

already mentioned in Notification No. 8298-F(Y) dated 03.10.2012.

The Order shall take effect from 1st October 2014.

Sd/-H.K.Dwivedi

Principal Secretary to the

Government of West Bengal

Members are requested to take a note of it and act accordingly.

Thanking you,

Yours faithfully,

(M.C.Das)

Deputy Director General

TOP

of 14 23rd



SRMA


www.sram.co.in

EVENTS

Minerals, Metals, Metallurgy & Materials (MMMM) 2014

4-7, September 2014

Pragati Maidan

New Delhi

For Booking & Enquiries

International Trade and Exhibitions India Pvt. Ltd.

1106-1107, Kailash Building, 26 K.G. Marg, New Delhi- 110001, India

Tel: +91 11 40828282

Gagan Sahni: +919810036183

Varun Sharma:+91 11 40828208

Smita Roy: +91 11 40828217

Sandeep Arora: +91 11 40828227

13th International Stainless & Special Steels 2 - 4 September 2014

Hotel InterContinental

Istanbul, Turkey

AMM 8th Steel Scrap Conference 10 - 11 September 2014

Hilton New Orleans Riverside

New Orleans, U.S.A

From 28-30 October 2014, Messe Duesseldorf India with its parent company, Messe Duesseldorf GmbH {organiser of wire and

TUBE Duesseldorf, GIFA,

METEC, THERMPROCESS and NEWCAST (GMTN)} and MESSE ESSEN GmbH (organiser of Schweissen & Schneiden),

will organise 4 leading trade fairs for the metals industry in India. They are Metallurgy India 2014, Wire & Cable India 2014,

Tube India International 2014 and INDIA ESSEN WELDING & CUTTING 2014 in

halls 1, 5 and 6 at the Bombay Convention & Exhibition Center, Goregaon (East), Mumbai.

Middle East Steel Conference(MESC) 2014 Date : 21

st – 23

rd October, 2014

Venue : Inter Continental, Festival City, Dubai, UAE

TOP

http://www.metalbulletin.com/events/international-stainless-special-steel-summit/details.html

http://www.metalbulletin.com/events/amm-steel-scrap-conference/details.html

of 14 23rd



SRMA


www.sram.co.in

STEEL NEWS

SPVs to be set up in mineral rich states to revive investment in steel sector (Follow @steelguru on Twitter for important updates)

Business Line reported that the Indian steel ministry has proposed to set up special purpose

vehicles with State Governments to revive investment in the steel sector.

NMDC Limited a public sector unit under the Ministry of Steel, will be the company creating the

SPVs. The SPVs will be created in the mineral rich States of Karnataka, Chhattisgarh, Odisha

and Jharkhand.

Mr G Mohan Kumar secretary steel said that “The role of the SPVs will be to acquire land and

obtain all necessary environment and forest clearances. After SPVs do all the preparatory work

for setting up new steel plants, we can invite steel makers and hand over the project to them in a

transparent manner.”

Mr Kumar said that “Brownfield expansion will be the major area of growth in steel

manufacturing capacity addition in the next 8 to 10 years. Meanwhile, the Steel Ministry is also

proposing Special Mining Zones, where regions with mineral resources will be identified as

strategic resources and one nodal authority will arrange necessary green clearances for mining

projects in such areas.”

He said that “We have floated the idea of Special Mining Zones. It is something we want to do

but it needs a lot of deliberations. I don’t know if we would be successful or what form it takes at

the end of it. But we are working towards the idea.”

Source – Business Line

Get latest updates through Twitter – Follow @steelguru

(www.steelguru.com)

Indian Railways Switches Over to 100% E-Auction for Scrap Disposal In yet another move aimed at transparency for the benefit of bidders, Indian Railways have

switched over to 100% e-auction for disposal of scrap eliminating need for physical

presence/physical bidding by purchasers. Indian Railways disposes scrap worth Rs.3500 crore

every year. Till recently, scrap disposal by Indian Railways was being carried out through

public auctions requiring physical presence of purchasers for bidding. This e-auction system

has been developed in house by the Ministry of Railways. In this auction system, electronic

bidding system has been designed to enable participation in auction through internet using

digital certificate (DSC) for security.

TOP

http://www.steelguru.com/

of 14 23rd



SRMA


www.sram.co.in

No physical presence of purchaser is required for biding. Any purchaser can participate in e-

auction for scrap lots put up for auction on entire Indian Railway system by getting themselves

one time registered on website www.ireps.gov.in. The e-auction module ensures payment

process electronic and smooth for purchasers. No cash handling is required by purchasers and

Railway’s cashiers. Bidders participate in the biding process through special arrangement of

lien mark instead of any cash transaction. Bidding process is completely transparent widening

the reach of the bidder for participation in various auction of different lots through internet

from anywhere thus, curtaining the role of middleman.

Till date about 1200 purchasers have got themselves registered for participation in e-auction of

scrap on Indian Railways and scrap material worth more than Rs. 1000 crore have been

disposed off by Indian Railways through e-auction till date.

Thus, e-auction is saving time and effort both for Railways and bidders, bringing in complete

transparency, cost effectiveness and efficiency in disposal of scrap on Indian Railways.

AKS/HK/DK

(Release ID :99349)

India’s Steel Consumption growing faster than production

With increased government's focus on infrastructure and housing sectors, India's steel demand

is likely to grow faster than production. While steel production continued to face intense

pressure due to the lack of raw materials - iron ore and coal - linkage, its consumption will

grow sustainably.

Global advisory firm Earnst & Young in its recent study said that India's steel consumption

would grow by over 5% in the calendar year 2014 to 83 million tonnes compared with 79

million tonnes the country consumed in the previous year. In contrast, however, steel

production in India would grow somewhat 3% to 84 million tonnes in the current calendar year

compared with 81 million tonnes in the previous year.

The forecast assumes significance in terms of recent announcement by the Bharatiya Janta

Party (BJP) led National Democratic Alliance (NDA) government which declared increased

focus on infrastructure and housing sectors. Immediately after the announcement, corporate

announced $5 billion investment on budget housing projects.

Steel production in India is facing major raw material shortage due to closure of iron ore mines

in major producing states including Karnataka, Goa and Odisha. Speaking on the occasion of

release of Steelworld, a city-based B2B publication published by Chandekar Business Media,

Union Steel Minister Narendra Singh Tomar, said, "There is sufficient iron ore production in

the country to meet the domestic demand and steel makers are not facing any shortage of the

key input."

http://www.business-standard.com/search?type=news&q=Steel

http://www.business-standard.com/search?type=news&q=Iron+Ore

of 14 23rd



SRMA


www.sram.co.in

The release marks Steelworld's 20 years of publication, dedicated to iron ore and steel sector.

Anant Geete, the Union minister for Heavy Industries also graced the occasion. "Information

about steel sector is of vital importance to heavy industries. Steelworld is doing a great service

by making this information available for the last 20 years," said Geete.

With steel consumption sets to increase, the surplus of steel inventory is likely to decline by

50% to a mere 1 million tonnes this year as compared to 2 million tonnes in the previous year.

Data compiled by the Joint Plant Committee (JPC) showed India's steel consumption growth

remained muted at 0.5% during April - December 2013, but production growth rate improved

steadily to 5.2% during the same period.

The minister said that while total iron ore consumption stood at 100.57 million tonnes, total

iron ore production was seen at 167.29 million tonnes in 2011-12. The trend continued in

subsequent years as well. India produced 135.85 million tonnes of iron ore in 2012-13 against

its consumption of 103.59 million tonnes. Tomar emphasized that the government was not

proposing to put restriction on export of iron ore.

CSC to start electrical steel plant in Gujarat by year end

(Follow @steelguru on Twitter for important updates)

China Post reported that China Steel Corporation, the largest steel maker in Taiwan, is planning to kick off commercial

production at its plant located in India by the end of this year.

China Steel invested USD 236 million in building the electrical steel plate production site, located in Gujarat province, western

India and the site is 95% completed. Trial production is scheduled to begin in September. About 100 staffers, including

engineers and technicians, sent by China Steel to the India plant are working hard to push the project further.

Mr Wu Yung chen, a sales manager of the plant in India said that “The new production base is expected to roll out 200,000

tonnes of steel products a year and most of the production will be sold in India, with the remainder to be shipped to the Middle

East and Europe.”

In January 2012, China Steel signed an agreement with Gujarat Industrial Development Corppration to launch the investment

project. The Taiwanese firm started construction of the production site on 60 hectares of land located in an industrial park in the

Indian province.

Source – China Post

Get latest updates through Twitter – Follow @steelguru

(www.steelguru.com)

TOP

http://www.steelguru.com/

steel re-rolling mills association of india · srma steel newsletter srma steel re rolling mills...

Documents