Major Events in March 2013 over Iron Ore 5)

摘要

India's Rashtriya Ispat Nigam Limited (“RINL”) announced on Mar 25 that the Company and Ministry of Steel have signed the MOU for 2013-2014 financial year (April 2013 - March 2014) in New Delhi. The projected growth to be achieved is : 24% in production, 19% in sales and 30% in gross margin. RINL is the steel company at Vizag, the east coast of India. As part of steel's expansion. RINL constructed a third blast furnace (inner volume 3,800m3, capacity 2.5Mtpa) in addition to two blast furnaces (inner volume 3,200m~3 each, capacity 3.4Mtpa).