0.70$US/Lb
0.24$US/Lb
0.22$US/Lb
0.31$US/Lb
0.84$US/Lb
854.00$US/MT
1154.00$US/MT
980.00$US/MT
424.00$US/MT
653.40$US/MT
633.54$US/MT
2430.83$US/MT
2816.65$US/MT
35.24$US/MT
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SEATTLE (Scrap Monster): Steel Authority of India Limited (SAIL), a state-owned Indian steel company, announced a large investment to more than double the capacity of its Rourkela Steel Plant (RSP). Before the current decade ends, the proposed INR 30,000 crore investment will increase the plant's capacity to almost 9 million tonnes per annum (MTPA).
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About 1,200 acres of land on the plant's southeast side will be used for the massive green field expansion project. A new raw material processing facility, a coke oven stamp charge battery, a sinter plant, a thin slab caster-direct rolling machine, a cold rolling mill, a silicon mill, and logistics are all part of the project. It will also establish a new steel melting shop and blast furnace.
Alok Verma, Director-In-Charge, RSP, stated that RSP alone would supply about one-fourth of the company's intended production capacity of 35 MTPA by 2030 after the expansion work is finished. Additionally, the action will increase supplies to a number of industries, such as defense, oil and gas, and autos.
By the way, RSP is the nation's first public sector steel plant, having been founded in the 1950s. The current steelmaking capacity of the plant is estimated at 4.4 MTPA.
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