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...