The World Steel Association (worldsteel) has announced the 2017 Steel Sustainability Champions at its board meeting in Mumbai.
TUBACEX has completed the acquisition of 68% of the seamless stainless steel tubes division of the Indian company Prakash Steelage. With this operation, announced in February, the Spanish company also maintains a purchase option on the remaining 32%.
Outokumpu will open a new warehouse in Kalamboli near Mumbai to serve its growing customers in India. The company has constructed a 5295 sq/ft custom cleared warehouse in Mumbai.
Scouting for setting up a 0.25 million tonne cold rolling plant, Outokumpu has changed its plans and decided to set up a steel service and processing centre first.
The rail authorities of Mumbai have now demanded for stainless steel coaches for suburban trains, similar to those being manufactured for the long-distance ones.