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Increase in the demand for steel in the domestic market coupled with reduction in the iron ore export can help India match China in the production of the metal, steel industry players have said. While the steel industry is lobbying for imposition of export tax on iron ore exports from the country, the exporters are fighting for more leeway in the exports.

India's Tata Steel Ltd will invest about 11 billion rupees ($238 million) to raise its annual domestic iron ore production by 55 percent to 17 million tonnes over two years, the Business Standard reported on Tuesday.

India's iron ore trade has slowed in recent weeks amid fears that the government may again hike export duties to calm prices -- a move that will cheer steel firms and allay their concerns of rising raw material costs."Price is at the heart of everything. Steel companies will be wanting lower prices of raw material, while iron ore companies will try to push up prices," said Sanjeev Panda, analyst at Karvy Stock Broking.

Tata Steel Ltd has secured equity interest in an iron ore deposit in South Africa, from which it expects to mine 2 million tonnes of ore a year starting 2010.“The Sedibang mine (in South Africa) is a small one, which has a reserve of about 50 million tonnes,” Tata Steel’s managing director B. Muthuraman said at a press conference in Kolkata on Friday.
Read at http://www.livemint.com/2009/04/11091157/Tata-Steel-to-begin-production....

SAIL Visvesvaraya Iron & Steel Plant Recruitment to Statutory Posts March 2010 as per advt published on SAIL Jobs vacancy 2010 website http://sail.co.in/ & recruitment details given below

After much switching and arguing over money, the Iron Man 2 villains Whiplash and Black Widow have been cast.The role of Russian spy Black Widow (a.k.a Natasha Romanoff, Natalia Romanova) has gone to Scarlett Johansson.

Tata Steel, the country's leading steel producer, sees its sales volume surging by nearly 50 per cent to 1.6 million tonnes in the fourth quarter of this fiscal on the back of an improved demand.
"In January-March, we plan to sell 1.6 million tonnes of steel, which is 50 per cent higher than the October-December volume of 1.1 million tonnes," Tata Steel Managing Director B Muthuraman told reporters after announcement of the company's consolidated third quarter results.

JSW Steel Limited, India’s third- biggest producer, said first-quarter profit dropped 6.4 percent as prices failed to recover in step with demand from automakers and builders.

Iron Man is back in action and this time, he brought some new friends.The first trailer for director Jon Favreau's Iron Man 2 premiered online the result of a short-lived (but nonetheless mysterious)