Indian steelmaker Essar Steel has announced that it will set up a steel fabrication unit in Indore, Madhya Pradesh. The new unit will supply high-tensile steel to Jabalpur Ordnance Factory.
Essar Steel said that it has invested INR 400 million ($6.4 million) in the state of Madhya Pradesh, adding that there was a need for improvement of infrastructure in the state which has the advantage of being strategically located and can easily reach out to markets in neighboring states.
Essar Steel to set up new steel fabrication unit
Similar articles
Saudi longs market entering October on stable footing as Hadeed rolls over prices
30 Sep | Longs and Billet
Local Indian billet prices resume their surge, keeping mills out of exports
30 Sep | Longs and Billet
Ex-China CRC prices unchanged, but some small decline seen in local market and in futures
30 Sep | Flats and Slab
Local Chinese scrap prices still fluctuate in limited range with negative bias
30 Sep | Scrap & Raw Materials
Pakistan's import scrap prices fail to rise higher, but tax relief may revive activity
30 Sep | Scrap & Raw Materials
Çolakoğlu Metalurji cuts emissions intensity by 17.8 percent, surpassing 2026 target early
30 Sep | Steel News