Steel Industry Monitor

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Essar ties up with Kobe for auto-grade steel

Essar Steel signed a memorandum of understanding (MoU) on Wednesday with Japanese steel major Kobe Steel for a possible tie-up to produce automobile grade steel. “Essar Steel will collaborate with Kobe Steel in the areas of technology for manufacturing advanced high-strength steel (AHSS)-grade steel sheets used in automotive and other relevant applications,” said Essar Steel [...]

OJSC Severstal and NMDC JV Plans Steel Plant

NMDC signed an MoU with OJSC Severstal, Russia today to set up a greenfield steel plant through a joint venture. The MoU was signed to establish a joint venture to build an integrated steel plant in India. The JVC has proposed that its coking coal mining subsidiary in Russia and a iron ore mining subsidiary [...]