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29 Jul
17:06

NLMK remains keen on Indian transformer steel project

NLMK remains committed to the idea of building a steelmaking enterprise in India, where it is eyeing transformer steel production, the company says. The company is looking at "…localising some of the transformer steel production, with investment of around $100-150 million,” NLMK says in a note sent to Kallanish. “The decision has not been made yet,” it adds, however. The steelmaker and miner has been looking at India for aro…
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