As China emerges as one the largest buyers of stainless steel products from Jindal Strips Limited (JSL) in 2002, the company is considering possibilities to set up cold-rolling manufacturing facilities in that country. Besides, JSL is also evaluating options to relocate its US plant, Massillon Stainless, to China. According to JSL CEO, N.C. Mathur, with 80% of JSL’s exports to China, the company is looking at opportunities to tap China’s booming construction market by setting up production facilities there. The growth from this sector has also led to firming up of stainless steel prices in the domestic market, consider experts.
