Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 09 2018

HEG aims to undertake brownfield expansion

China has closed about 150 million tonne of its steel capacity; the outdated blast furnaces and induction furnaces.

Ravi Jhunjhunwala, CMD, HEG  said we are looking to undertake brownfield expansion.

He said that there is no change in graphite electrode pricing, in fact the market is strengthening every month.

“China has closed about 150 million tonne of its steel capacity; the outdated blast furnaces and induction furnaces. So this has resulted into a drop in their export of steel from a peak of about 130 million tonne sometime in 2015-16,” he said.

“I am giving you an authentic data which says that in the first quarter of 2018 that 130 million tonne is down to about 65 million tonne. So this is like 50 percent drop in about 18 month time,” Jhunjhunwala added.

He further said that six graphite electrode plants around the world have been shut down.

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Pizza is easily recognised food item in the world,..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • About Bike Studio by LA Sovereign: LA Sovereign Bicycles Pvt Ltd...
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required NA
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Quick Service Restaurants
    About Us: Established in August 2015, Hashtag Foods is a headed..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Quick Service Restaurants
    Partner With Genuine Broaster Chicken: “Broasting®” is a unique cooking method..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Okhla New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities