07
Feb
09:06
SAIL may inject $240m in new steelworks
Government owned steel company, Steel Authority of India (SAIL) says it may invest INR 20-24 billion ($241-289.24 million) into its IISCO Steel Plant (ISP). This investment will be used to set up a four million tonne/year greenfield steel plant by its pre-existing steel site located in Burnpur, West Bengal, Kallanish notes.
The company states this new steel plant will produce high quality hot rolled coils. The newly produced HRC will have applications in the autom…
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Anonymous
Very good overview of the weekly steel market.
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