Companie

ArcelorMittal Nippon Steel bags ₹5,000-cr Posco order

Our Bureau Mumbai | Updated on January 29, 2021 Published on January 29, 2021

ArcelorMittal Nippon Steel (AM/NS) India has signed an MoU with Posco Maharashtra Steel to supply hot rolled coils worth ₹5,000 crore this year. This is the two firms’ sixth supply agreement since 2015.

As part of the agreement, AM/NS India and Posco Maharashtra Steel, the Indian subsidiary of South Korean steel major Posco, will jointly work to enhance the quality of steel and develop new value-added gradesand solutions to consumers.

Dilip Oommen, CEO, AM/NS India, said the company has been focussing on value addition and development of value-added grades.

Sung Lae Chun, Chief Managing Director, Posco Maharashtra Steel, said it is a benchmark relationship globally.

AM/NS has an integrated manufacturing facility at Hazira in Gujarat with a capacity of 9 mtpa, and is strategically located to support the Posco Maharashtra Steel facility with hot rolled coil for the manufacture of cold rolled and coated steel.

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Published on January 29, 2021
ArcelorMitta
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