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All the hot metal you will be seeing at the 2010 Auto Expo next week!

Rising Chinese steel capacity a worry for other nations
The fall in steel prices in the wake of global economic meltdown has consigned many balance sheets of groups taking the metal in the red. The drop in demand in the final quarter of 2008 was so steep and steel product prices turned so uneconomic, particularly for high cost mills in western countries, that the industry in many regions was forced to switch off half the capacity.

News of the day

Dish TV announces pricing of GDR offering
Dish TV’s board of directors, at its meeting held today, approved the pricing of the Global Depository Receipt (GDR) issue. The issue price of $854.50 per GDR, representing 1,000 underlying company shares of Re 1 each.
Management

BoB surges on Q3 net jump

Bank of Baroda (BoB) ended at Rs 556, higher by Rs 33 or 6.4%, on the BSE. - Markets reverse losing streak amid high volatility - SAIL up as Q3 net doubles - Markets end flat - Markets remain flat - Markets pare gains on spike in inflation - Markets extend gains The stock had opened at Rs 530, and touched a high of Rs 559 and a low of Rs 526 during the day. The counter saw trades of 1.66 lakh shares as against the two-week average of 0.73 lakh shares. ------------------------------------------------------------------------------(Updated at 1035am) Bank of Baroda has surged on reporting a 17.5% net jump. The stock opened at Rs 530 and soared to a high of Rs 551. The scrip is now trading at Rs 547, up 5% from its previous close. The counter has clocked volumes of 0.50 lakh shares on the BSE. " The company has posted a net profit of 17.5% to Rs 832.49 crore for the quarter ended December as compared to Rs 708.37 crore recorded in the same period of the previous year.


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