JSW Looks Nearer To Home For Exports
07 May 2009
Reports from India suggest that the country’s third-largest steel producer, JSW Steel Ltd, is to focus its export drive away from Europe and the US after a decrease in demand from those areas. The company’s director of finance Mr MVS Seshagiri Rao told Reuters: In India, demand definitely is far better. Worldwide, there is no major improvement. Instead of exporting to Europe and US, we will sell to Africa, Sri Lanka, Nepal and other countries. Profits plunged at Indian steel firms at the bac
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