Nikkei reported that Sumitomo Metal Industries Limited may form a blast furnace steelmaking venture in India with Bhushan Steel Limited. The new JV is expected to be majority owned by Bhushan, with Sumitomo holding a 30% to 40% stake.
The plant is expected to have annual production capacity
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Tuesday, April 14, 2009
Sumitomo to form BF JV with BSL
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