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JSW Steel defers acquisition proposal for Piombino
India's JSW Steel says it has withdrawn its acquisition proposal for the troubled Lucchini plant in Piombino, Italy, according to reports in the Indian and Italian press.
"We want to focus on India,” JSW chairman and managing director Sajjan Jindal told India's The Economic Times: "We have deferred our decision to invest in the Italian project.” JSW's exit is seen as largely symbolic, because on 25 November, the Italian…
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Very good overview of the weekly steel market.
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