State-owned Indian steelmaker SAIL is looking to POSCO for advice on the operation and maintenance of coke making and iron and steelmaking, according to an online media report.
A strategic agreement between the companies has been signed relating to the IISCO Steel Plant in Burnpur. The deal involves POSCO providing a technical supervising service, offering its know-how on all matters concerning steel production.
The IISCO plant is ramping up production and it is estimated that the plant’s 550kt/yr wire rod mill will soon be producing ‘world class wire rods…to meet domestic and international’ demand.