Steel
May 5, 2013
Why is Steel Authority of India a Buy for us For Steel Authority of India it might be the tough time but being patient and waiting for […]
March 31, 2013
Jindal Steel and Power Ltd. Jindal Steel and Power Limited (JINDALSTEL) is one of India’s major steel producers Company has significant presence in sectors like Mining, […]
July 26, 2012
Offshore Wind Energy Siemens the giant German industrial conglomerate and which is also the world’s largest Green company has taken a huge lead in the nascent […]
July 5, 2011
Steel is an essential material used in many industries – it’s the backbone to countless products, structures and services that shape the everyday lives of people throughout the world.One of the major uses of Steel is in the Manufacture of Pipes which are used to transport energy products.Pipelines are a transportation system that enables the safe movement of inordinate quantities of energy products to industry and consumers, literally fueling our economy and way of life. They are arteries of any Nation's energy infrastructure, as well as the safest and least costly ways to transport energy products.
In general Steel Companies in India with the exception of the Jindal Group are not involved in the Steel Pipe production .Most of the Steel makers in India have major operations in foreign countries particularly Middle East.The boom times seem to be over for the sector and competition has become higher.
July 5, 2011
Stainless steel production in India increased from 0.5 million tonnes in 1994-95 to 1.76 million tonnes in 2004-05. India has emerged as one of the top ten stainless steel producer in the world. With a production of 1.1 million tonnes during 2002, the country was ranked 8th in the world. With the economy booming, there is increasing demand for a wider range of products and services in stainless steel.Stainless Steel is manufactured by the mainstream Steel Companies in India beside there are some focused stainless steel companies as well.The Mining Industry in India supplies most of the raw materials used in the production of Stainless Steel.
July 5, 2011
Production of iron ore in the country is through a combination of large mechanised mines in both public and private sectors and several smaller mines operated in manual or semi mechanised basis in the private sector. During 2001-02, 215 iron ore mines were operating in a total 638 leases which increased to 261, during 2005-06 operating in 505 leases. During 2006-07, India produced 172.3 MT of iron ore including lump, fines & concentrate. Normally, iron ore mining in India is done by opencast method and on the basis of mining methods, the mining can be broadly divided into two categories, i.e., manual and mechanized. Majority of the large mechanised mines are in the public sectors whereas manual mines are mainly in the private sector. In order to support steel production of 110 MT by 2019-20, the requirement of iron ore is placed at 190 MT & exports have been estimated to be around 100 MT. World iron ore production was 1,690 MT in 2006. Although iron ore is mined in more than 50 countries, the bulk of world production comes from just a few countries. The five largest producers are Brazil,China, Australia, India & Russia.
July 5, 2011
In 2007 the World Crude Steel output reached 1343 million metric tons and showed a growth of 7.5% over the previous year.China remained the world’s largest Crude Steel producer in 2007 also (489 million metric tons) followed by Japan (112. million metric tons) and USA (97 million metric tons). India occupied the 5 th position (53million metric tons) (Source: IISI). According to an estimate by Credit Suisse, India’s steel consumption will continue to grow at nearly 16% rate annually, till 2012, fuelled by demand for construction projects worth US$ 1 trillion. The scope for raising the total consumption of steel is huge, given that per capita steel consumption is only 40 kg – compared to 150 kg across the world and 250 kg in China.
April 9, 2011
Coal is one of the cheapest and most important sources of energy, responsible for 41% of electricity productionworldwide. In many important countries like India,China,Germany,USA,Coal is the primary source of electricity and energy.Other smaller countries also heavily rely on coal for example Poland 94% , South Africa 92%, China for 77% and Australia for 76%.Coal has played this a pivotal role in the development of mankind and his progress into the Industrial Age.Coal is an essential raw material and fuel for important global industries like Cement and Steel.Different qualities of Coal are used for different purposes.For example coking coal with higher carbon percentage is used in Steel Production while Thermal Coal is used in Production of Electricity.It was during the Industrial Revolution in the 18th and 19th centuries that demand for coal surged. Coal is responsible for almost a quarter of the global energy production,41% of the Electricity Production and more than 60% for Steel Making.Here is a list of the Major Uses of Coal