INTRODUCTION Zakat is considered to be a personal responsibility for muslim to ease economic hardship for others and eliminate inequality. It is obligatory for all who are able to do so. The zakat is considered by muslim to be an act of piety through which one expresses concern for the well-being of fellow muslim‚ as well as preserving social harmony between wealthy and poor. The importance of zakat is one of five pillar of Islam which is giving the practice of charitable giving by muslim
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Stock Evaluation Project - Steel Industry Industry Analysis Steel is a part of metals and mining industry which is highly cyclical in nature‚ and when the economy at large suffers‚ this industry suffers with it. The most recent five years have been a struggle for this particular industry along with uncertain economic indicators‚ and steel companies’ stocks have trended downwards. The metals and mining industry is comprised of companies that engage in exploration‚ mine development‚ and ore mining
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India’s Steel Industry is more than a century old. Before the economic reforms of the early 1990s the Indian steel industry was a predominantly regulated one with the public sector dominating the industry. Tata Steel was the only major private sector company involved the production of steel in India. SAIL and Tata Steel have traditionally been the major steel producers of India. In 1992‚ the liberalization of the India economy led to the opening up of various industries including the steel industry
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Press clippings Indian steel industry plays a significant role in the country’s economic growth. The major contribution directs the attention that steel is having a stronghold in the traditional sectors‚ such as infrastructure & constructions‚ automobile‚ transportation‚ industrial applications etc. Moreover‚ steel variant stainless steel is finding innovative applications due to its corrosion resistive property. India is the fifth largest steel producer at the global front and struggling to become
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The Complete Steel Making Process Steel Plant 1. The Scrap to Steel Billet Process How we make our steel is a real kiwi recycling success story. The following outline is to help you to understand the scrap to steel making part of our business. All our scrap is sourced locally and is sorted and shredded on our behalf by Sims Pacific Metals – conveniently located next door to us‚ their biggest customer. The scrap is placed in piles in our yard‚ depending on its grade and size. The scrap is then
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“Analysis of Pakistan steel mill” Subject: Analysis of Pakistani Industries Class ID: 10127 Prepared By 1. Suraj Oad (4344) 2. Zeeshan Khan (4503) 3. M.Talha Atta-us-samad (4502) 4. Sumair hussain (4439) Submitted To: Sir Riaz Ahmed Table of Contents Introduction: 4 Steel 4 Significance of Steel Industry in Economic Growth 4 Steel Recycling 4 Production Process 6 Basic Steelmaking Process: 6 Various Steel melting processes:
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Stainless Steel Comparison 302 AISI 302 is the most basic type of steel in the chromium-nickel group. It is an austenitic steel‚ which is used for chemical resistance and hardenable by cold work. It contains 18% chromium and 8% nickel. It has corrosion resistance to mild-atmospheric and fresh water‚ industrial atmospheric‚ marine atmospheric‚ mild chemical and oxidizing chemical environments. Type 302 is also highly resistant to gasoline. 303 AISI 303 is an austenitic steel in the chromium-nickel
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According to dictionary.com‚ a steel pan is a percussion instrument originating in Trinidad‚ made out of an oil drum with one end beaten down and divided by grooves into sections to give different notes. Though steel pans (steel drums) were created on the Caribbean island of Trinidad in the 1930s‚ the steel pan history can be traced back to the enslaved Africans who were brought to the island during the 1700s. They carried with them elements of their African culture including the playing of hand
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The Politics of Trade in Steel 1. Does the World Trade Organization in this case represent a loss of U.S. national sovereignty? Why do you think the WTO sided with the European Union? I don ’t think the Work Trade Organization represents a loss of U.S. national sovereignty. The WTO in this case is simply doing its job overseeing international trade and enforcing the agreement that all the WTO member nations including the United States signed. I think the World Trade Organization might have
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ore and scrap steel‚ increasing amount of steel imports‚ production technology improvements and economic weakness. Changes in legislation could have severe impacts on the firm’s numerous production facilities and could be costly to become compliant. The fluctuations in both the cost and supply of iron ore and scrap steel directly impact the firm’s profitability because it is difficult to pass those costs on to the customers due to the price-driven level of competition in the steel industry. The rise
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