The Complete Story Behind the Trading Madness in Reliance Power Today The Indian stock markets witnessed an absolute liquidity spectacle today as trading volumes in Reliance Power completely shattered all historical parameters. While short-term traders are tracking the frantic intraday charts, a deeper look reveals a major convergence of structural balance sheet engineering, an aggressive corporate sector pivot, and powerful regional regulatory tailwinds. The AI Pivot: Launching 4 Dedicated Tech Subsidiaries The primary spark for the explosive rally was a major corporate restructuring and diversification announcement filed with the stock exchanges. Reliance Power is executing a massive strategic foray into Artificial Intelligence (AI) and technology-driven operations by altering its Memorandum of Association (MoA) and Articles of Association (AoA) to include "AI and technology-enabled services...
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US Steel News: December Steel Shipments Up 9.2% From November, Up 10.1% YTD
WASHINGTON, DC–The American Iron and Steel Institute (AISI) reported today that for the month of December 2011, U.S. steel mills shipped 8,085,761 net tons, a 9.2 percent increase from the 7,404,828 net tons shipped in the previous month, November 2011, and a 13.7 percent increase from the 7,111,031 net tons shipped in December 2010. Shipments for 2011 are 91,865,449 a 10.1 percent increase vs. 2010 full year shipments of 83,443,836.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 15 percent, hot dipped galvanized sheets and strip, up 2 percent and cold rolled sheet, up 2 percent.
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 120 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 15 percent, hot dipped galvanized sheets and strip, up 2 percent and cold rolled sheet, up 2 percent.
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 120 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity.
Courtesy: http://www.steel.org
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