P/$ rate closes at P42.75/$ 1.
The peso exchange rate closed higher at P42.75 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P42.86 the previous day. The weighted average rate appreciated to P42.759 from P42.798. Total volume amounted to $ 693.11 million. Seaoil to proceed with IPO...

Preliminary numerical experiments in multiobjective optimization of a metallurgical production process.
This paper reports on preliminary numerical experiments in optimizing coolant flows in continuous casting of steel with respect to multiple objectives. For this purpose, Differential Evolution for Multiobjective Optimizatiou (DEMO) coupled with a reliable numerical simulator of the casting process was applied. The algorithm parameters were initially tuned to...

Tariffs on steel: special interests vs. free enterprise.
From March 2002 to December 2003, the US imposed tariffs of up to 30% on steel. We present the tariffs in their historical context, and examine their impact in light of Austrian economic theory. All businesses, not just steel consuming ones, were hurt in the short and long runs...

SCP wants rehab receiver replaced.
The Steel Corporation of the Philippines (SCP), one of the country's biggest steel manufacturers, is seeking for the replacement of its current rehabilitation receiver, Atty. Santiago T. Gabionza, who the company accused of favoring Equitable PCI Bank, one of the company's creditors. SCP vice president-Legal Nonnatus P....

Steel firm asks CA to stop trial court order for rehab.
Byline: REY G. PANALIGAN The Court of Appeals (CA) was asked yesterday to stop a Batangas City trial court from ordering the rehabilitation of the Steel Corp. of the Philippines (SCP), the country's biggest steel firm with assets of over R13 billion, sought by one of its...

Coming soon.
Kudos for the Michael Lee-Chin Crystal Engineering Award The ROM's newly opened Michael Lee-Chin Crystal, designed by architect Daniel Libeskind, won its first award in May at the Ontario Steel Design Awards. The Canadian Institute of Steel Construction presented the Museum with a 2007 Award of Merit...

TKC Steel plans to double China plant output capacity.
Byline: JAMES A. LOYOLA Listed steel maker TKC Steel Corporation is doubling its production capacity in China through its China-based steel pipe manufacturing subsidiary ZZ Stronghold Steel Works Company Ltd. In a statement, TKC said total installed capacity will be raised to 80,000 metric tons...

China plans to create virtual world to expand manufacturing dominance.
Byline: Rachel Konrad SAN JOSE, California (AP) -- Your favorite pants are fraying? You may soon be able to order replacements directly from the factory where they were made, according to the chief scientist of an ambitious Chinese Internet project. China's government is building a...

RP, Indian traders okay business accords.
Byline: HANNAH L. TORREGOZA MUMBAI (via PLDT) -- President Arroyo witnessed yesterday the signing of agreements with private companies in India, two of which will make available to the Philippines quality and affordable medicines. The signing of the memorandum of agreements was held at the...

BoC set to impose 7% tariff on steel.
Byline: Bernie Cahiles-Magkilat The Bureau of Customs is set to impose seven percent tariff on imported steel products from three percent anytime now following the go ahead signal by Finance Secretary Margarito Teves. Trade and Industry Secretary Peter B. Favila said the DoF is ready...