Posco, RINL in talks to construct special steel plant in India

India’s ministry of steel has helped to establish a working group involving South Korean steelmaker Posco and state-owned Indian producer Vizag Steel (RINL) over the building of a new plant to produce special steels.

A memorandum of understanding (MoU) was signed last year between the companies on the building of a plant, according to India’s Economic Times newspaper on Sunday August 23.

A spokesman for the ministry confirmed to Fastmarkets on August 24 the existence of the joint working group between the steelmakers. He declined to...

Published

Lee Allen

August 24, 2020

12:20 GMT

Singapore