Indian steel producer Tata Iron and Steel Corp (TISCO) announced plans to expand its value-added steel
production at three units in
China. Two of these units are long-product units and the other is a
wire drawing unit.
The plan calls for TISCO to first produce semi-finished products in
India, where the cost of
production is almost $50 per ton less when compared to
China. TISCO will then ship the products to
China for value addition.
The units in
China will turn the Indian
production into such products as
galvanized sheets, rebars,
wire rods and wires.