Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Authorities shut two sponge iron plants

State government agency shuts two sponge iron plants for violation of pollution control regulations, according to Deccan Herald. The plants – Padmavathi at Chikka and ISTPL at Yerabanahalli were pulled up by Karnataka State Pollution Control Board (KSCPB) after locals complained of air pollution. Padmavathi was set up over a decade ago with a daily capacity of 400mt. The plant also has a ferroalloy unit with an annual capacity of 37,100mt. 


Amreli Steel posts loss of PKR232.42mn

Pakistan-based Amreli Steel has posted a loss of PKR232.42mn ($1.50mn) in the December quarter compared to a profit of PKR107.74mn in the prior year quarter. For the half-year 2019, the private steel producer reported a loss of PKR 313.47mn compared to a profit of PKR 516.33mn in the prior year period. 


Nippon Steel to supply mega H beams

Nippon Steel plans to supply large cross-section H-shaped steel beams in April 2020. The product is used in large buildings to shorter construction time and cut labour costs. Nippon has set a rolling process to manufacture these beams with a depth of upto 1,200mm, 20pc more than from its existing large beams.

Leave a Reply

Your email address will not be published.