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Showing posts from June, 2019

JSL In India Works With The Railway Sector To Modernize Carriage And Railway Infrastructure

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According to Vijay Sharma, the head of Sales Department of Jindal Stainless Steel Company (JSL), India, the company has joined forces with the Indian Railway Department to modernize railway freight cars, passenger cars and railway infrastructure, especially railway bridges. At present, the company's market share in the field of railway passenger cars accounts for 60%. In the next four to five years, the Indian Railway Department plans to produce about 10,000 stainless steel passenger cars a year. India has 7,500 kilometres of coastline and it is necessary to use stainless steel infrastructure. High air-borne salts in the marine environment cause rapid corrosion and degradation of infrastructure. In particular, bridges in these areas are facing serious collapse risks. According to industry data, India has about 135,000 railway bridges, of which more than 25% are over 100 years old and need to be replaced immediately. The first stainless steel footbridge will be built at Bhayand...

Nippon Railway's Residence Fund Plan Will Increase Its Quarterly Average Crude Steel Production To 11 Million Tons In Fiscal Year 2019-2020

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According to foreign media reports, due to system failures, Japan's leading iron and steel enterprise Nippon Railway Sumitomo Jin's output and profit declined in fiscal year 2017-2018. The company plans to increase its average crude steel output to about 11 million tons in fiscal year 2019-2020 (2019.04.01-2020.03.31). In fiscal year 2018-19 (2018.04.01-2019.03.31), the company estimated the average quarterly output of crude steel to be 10.3 million tons. We plan to increase production in fiscal year 2020, which will be a key measure to increase profits. Earlier this month, the world's third largest steelmaker of crude steel said its annual profit for fiscal year 2018-19 would be 6% lower than previously predicted because of a decline in crude steel production. He said that the technical problems in steelmaking plants, including Oita and Wakayama in Western Japan, were mainly due to poor quality of steelmaking raw materials, ageing of equipment, and high operating ...