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31 Mar
14:55

Sumitomo enters specialty steel JV with India's Mukand

Sumitomo Corporation has agreed to take a 49% stake in Mukand Alloy Steels Private Limited (MASPL), the specialty steel producing subsidiary of Indian steelmaker Mukand. MASPL will process semi-finished specialty steel products supplied by Mukand’s Hospet-based plant, and sell processed products, with focus on India’s automotive sector. India ranks first and fifth in the world for two-wheeled and four-wheeled vehicles, respectively; in Asia, India ha…
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