On February 8, Indian steel service center Tata Ryerson Limited (TRyL), a joint venture between India's Tata Steel and US-based Ryerson Inc., has commissioned its service center for plate processing and fabrication at Tada in Andhra Pradesh in South India.
The center, set up with an investment of Rupees 500 million ($10.26 million), will provide a wide range of services including oxy fuel, plasma and laser cutting, shearing, press bending and welding of plates for ordinary carbon steel and alloy steel to very high strength and high hardness steel. The service center is the company's eighth Indian-based unit; the others are at Jamshedpur, Pune and Faridabad (two each) and Pantnagar (one).
Tata Ryerson, headquartered at Kolkata, brings steel service center solutions to industrial customers in India. The company is one of the largest distributors of industrial materials having more than 100 centers across the US, Canada and China with a turnover of around $6 billion. The company has now spread across India with eight service centers and 16 distribution locations. With a combined processing and distribution volume of over 1.3 million mt, Tata Ryerson is poised to exceed a turnover of Rupees 15 billion ($308 million) in 2008-2009.