POSCO plans to invest $12 billion to build up new facility in India
Views : 221
Update time : 2021-04-26 17:34:31
Indian Chamber of Commerce (ICC) stated officially that South Korean POSCO planned to invest US$12 billion to build up an integrated steel plant in Odisha, India.
POSCO signed a Memorandum of Understanding (MoU) in 2005 to build up a new steel mill with an annual production capacity of 12 million tons in Odisha, while it delayed because the environmental assessment wasn't approved. There wasn't any further progress before the expiry date 2010 of this MoU.
Besides, POSCO also signed the MoU with Vizag Steel (RINL) to set up a special steel mill in Andhra Pradesh, but Indian trade unions objected to this project.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
