India’s Iron Fist Thumps In Canada

In a bid to ensure adequate supply to Corus’ European plants, India’s Tata Steel has signed an C$ 300 million agreement with New Millennium Capital Corp of Canada. Another $5 billion is to be invested in Vietnam.

The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit Corus to be operating at full capacity by the end of the fiscal year in March.

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