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25 Mar
00:00

Posco to supply India's Mesco Steel with Finex DRI unit, build JV steelworks: reports

Mesco Steel has signed a preliminary agreement with Posco to set up a steelworks in India that will utilise the South Korean producer’s Finex direct reduced iron technology, according to Indian press reports. The new 600,000 tonnes/year capacity DRI plant will be installed at Mesco’s existing Mideast Integrated Steel plant (MISL) in Jajpur, Odisha, which produces merchant pig iron. The agreement with Posco also stipulates for the constructio…
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