05
Sep
15:07
Aichi Steel takes Vardhman stake, provides technical know-how
Vardhman Special Steels has agreed to sell a 11.4% stake to Aichi Steel Corp Japan. The affiliate of Toyota Motor Corporation will in turn provide technical assistance in developing the special steel supplied to the automotive industry. The agreement is worth $7 million.
“One of our key objectives of this partnership is to develop special steel grades for automotive companies in India so as to help fill the gap of providing substitution of steel, that is c…
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Anonymous
Very good overview of the weekly steel market.
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