SAIL & Indonesian steel co plan a $350 mn investment
Synopsis India's Steel Authority of India and Indonesia's Krakatau Steel will invest $350 million. A new stainless steel slab plant in Indonesia will have 500,000
Synopsis India's Steel Authority of India and Indonesia's Krakatau Steel will invest $350 million. A new stainless steel slab plant in Indonesia will have 500,000 tons capacity.
This plant is expected to become operational within three to four years. SAIL will consume the entire output for its Salem plant in India. Finished
products will primarily supply Indian customers and some exports.
The BriefWire