23
Dec
00:00
Mukand seeks partner for proposed alloy steel offshoot
Indian steelmaker Mukand is seeking to transfer its Special & Alloy Steel division to a yet-to-be-formed subsidiary, in order to attract and include a strategic partner in the unit, Kallanish learns from the firm.
Mukand’s board of directors approved the transfer proposal this week, which would see the 370,000 tonnes/year capacity alloy steel division form a new subsidiary valued at INR 1,590 crore ($250.7 million). This value would be subject to d…
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Anonymous
Very good overview of the weekly steel market.
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