30
Mar
01:00
Posco seeking India refund: reports
South Korea’s Posco has asked for refunds for its financial outlay in India while trying to get its 8 million tonnes/year greenfield steelworks in the southern state of Odisha off the ground, Bloomberg reports. The new does not mean the company is pulling out of India, Kallanish notes, but may mean a focus on smaller projects.
Posco India hopes to regain $4.4 million paid out in 2006. This was for a 10% stake in an infrastructure firm which w…
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Anonymous
Very good overview of the weekly steel market.
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