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SAIL/RINL may tie up with Posco/Hyundai Steel - Report

Steel News - Published on Thu, 10 Jan 2019

Image Source: Livemint
Bloomberg, citing people familiar with the information, reported that India has approached steelmakers such as Posco and Hyundai Steel Co to partner its state owned mills Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd. The reported quoted Monideepa Mukherjee, spokeswoman for the steel ministry, as saying that “The ministry is in talks with these two companies to explore the opportunity of investing for manufacturing value-added steel products in India.”

As per report, the initial responses from the South Korean steelmakers have been favorable and partnerships are being explored in brownfield projects and that exploratory letters of intent have already been sent to the companies and the government is keen to discuss all aspects.

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Posted By : Joykumar Irom on Thu, 10 Jan 2019
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