07
Apr
01:00
Indian steelmakers commit to greater research & development investment
Various major Indian steelmakers have signed a memorandum of understanding (MoU) with the steel ministry to set up a new body dedicated to greater investment in research and development (R&D).
The Steel Research & Technology Mission of India (SRTMI) will receive an initial investment of INR 100 crore ($16.04 million) from each of Sail, Tata Steel, JSW Steel, Jindal Steel, RINL, NMDC and MECON. The government’s Steel Development Fund will also c…
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Very good overview of the weekly steel market.
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