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Indian Oil Corporation floats global tender for construction of green hydrogen plant
The successful bidder will ensure the supply of gaseous green hydrogen at the delivery point to IOC, to be marketed by the latter.The proposed location of the new green hydrogen unit is between the Panipat Refinery and Panipat Naphtha Cracker area in land owned by IOC within the vicinity of the Panipat Refinery Complex.The plant would need to be completed within 30 months for date of award of the contract.The company said that the investor would be required to construct a green hydrogen plant with a capacity of 10,000 mt per day, making it the largest such plant currently planned in the country.

🇮🇳 India · 🗓️ September 06, 2023 · Steel

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Ramkrishna Forgings bags Euro 8.25 million order in South America
65 crore, for the supply of equipment to a client in the South American market.The company, which exports to over 50 countries, has a manufacturing facility in Jamshedpur in Jharkhand.The company will be supplying front and rear axle components for the next five years, it said in a statement."This contract represents a significant step in our journey to expand and diversify our operations in the South American market," said Ramkrishna Forgings CFO Lalit Kumar Khetan.It has formed a joint venture with Titagarh Rail systems to manufacture and supply 80,000 wheels to the Indian Railways.

🇮🇳 India · 🗓️ September 06, 2023 · Steel

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India greenlights auction for four iron ore blocks in Rajasthan
The officials stated that the successful bidders would be awarded “composite licenses” for exploration and development of the assets and extraction of iron ore, along with any other mineral that may be established in course of the exploration.As per the plans of the state-level Department of Geology and Mines, as many as 38 mineral blocks will be put up for auction in the current fiscal year.It may be noted that there is no steel mill operational in Rajasthan currently.

🇮🇳 India · 🗓️ September 06, 2023 · Steel

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Veysel Yayan: New investments in Gulf region to be a rival to Turkish steel producers
The association emphasized that preventing China from sending the surplus caused by the contraction of its construction sector to Turkey is important in order to close the current trade foreign deficit of the Turkish steel industry.In addition, according to the latest statement of the TCUD, steel imports from China, the country from which Turkey imports the most after Russia, increased by 84 percent in the first seven months this year.Stating that most of the given investments are export-oriented, the TCUD secretary general pointed out that the competitiveness of the Turkish steel industry is already low due to Turkey’s high energy prices.

🌎 International · 🗓️ September 06, 2023 · Steel

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US rebar imports down 27.6 percent in July
Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.Other top sources of imported rebar in July include Algeria, with 22,912 mt; Mexico, with 16,839 mt; Spain, with 15,886 mt; and Malaysia, with 9,243 mt.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.The US imported the most rebar from Egypt in July, with 52,005 mt, compared to 34,166 mt in June and zero tonnage in July 2022.

🌎 International · 🗓️ September 06, 2023 · Steel

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