Corning Cable Systems Pty Ltd,
the Australian arm of Corning Inc’s
telecommunications segment, will be
a primary supplier of fiber optic cable
and hardware to NBN Co for the
Australian government’s National
Broadband Network (NBN)
for multiple-dwelling units (MDUs).
Corning already has a similar deal
to supply fiber optic cable and hardware
for single-family units, and this new deal
will be worth up to AUS $310 million over
the next five years. Under the contract,
Corning will supply its bend-insensitive
ClearCurve cable.
NBN is planned to supply over 93 %
of Australian homes and businesses
(around 12 million premises) with an open
access FTTH network; over 30 percent
of these are estimated to be MDUs.
After winning the earlier contract Corning
announced a AUS $25 million investment
in its Clayton, Melbourne, facility to meet
the increased demand.
NBN
for MDUs
China’s Baoshan Iron & Steel has said
it will will reduce its main product prices
for December bookings, a move
reflecting the weakness in steel
demand in the final month of 2011.
The company is to cut hot-rolled coil
prices by 200 yuan ($32) per tonne
and cold-rolled coil prices by 300 yuan
per tonne, after maintaining its main
steel product prices through November
from October.
Reuters reported that the company,
also known as Baosteel, is the country’s
biggest listed steelmaker and its pricing
is often seen as a barometer of China’s
steel industry.
Baosteel
price cuts
wiredInUSA - December 2011
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