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News Breaks
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November 1, 2009
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| 19:20 EDT |  | PKX |
| theflyonthewall.com: | Posco's Orissa project may start by January next year, Business Standard says | | According to the Business Standard, Posco's (PKX) Rs 54,000-crore project in Orissa may get started by January next year. "Orissa government is actively working to remove hurdles in the path of the Posco's proposed 12-million tonnes per annum project so that the company can have the groundbreaking ceremony in next 2-3 months, may be by January-end," Steel Secretary Pramod Kumar Rastogi told PTI. Reference Link :theflyonthewall.com |
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February 1, 2012
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| 07:51 EDT | | PKX |
| theflyonthewall.com: | Global steel demand slowing, Bloomberg reports | | Steel demand worldwide is growing slower than forecast, affecting producer profits, and forcing investors to revise their 2012 outlook, reports Bloomberg. Steel usage will increase 4.5% in 2012, below the 5.4% forecast last fall by the World Steel Association, according to the median estimate of 14 steelmakers, analysts and traders surveyed by Bloomberg. Growth could be just 1.2%, according to Bloomberg Industries analysts. Reference Link :theflyonthewall.com |
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